All the indicators have lined up this time and it seems that Ethereum is about to go up 15-20% within the next few days. All it has to do is break the current trend line resistance and we'll be up in no time
3 evident bearish indicators showing: 1. Price starting to hug the support trendline 2. Bearish divergence on RSI 3. MACD death cross Watch out for this weakening pair. Trade wisely
Buy call for PLUG. Short term downtrend resistance broken. Good upside incoming
BTCUSD broke 2 immediate supports. It has to create a solid base before it can go any higher. It would probably retest the support at 50k to make sure there is significant buying pressure. As for a crypto market crash, I doubt it would happen. The buying pressure from the past few months have been strong and it needs to run into proper consolidation before any...
Hi all, Just took profit on a few shorts back at 52k, adding them back in now at 55k. Shorts are still in play as BTCUSD retested the previous support (black) now acting as a solid resistance. Shorts have been hit and a correction needs to happen. Currently setting my take profit levels at a lower low than the previous drop since I still can't see a clear...
A famous author once said, whether you think BTCUSD goes up or goes down, you will always be right. It just depends on the time frame and how you want to look at it. That being said, I will eventually be right once BTC goes down. Why? Price action is starting to hug the trendline making it all the less reliable as a stable support. We have hidden bearish...
Current trend is still strong. Major trend lines are still intact and the heavy MAs are still supporting. Big possibility to retest 60k high since investors are still optimistic about the crypto space. Only at that point will we know if BTC will opt for another ATH or a deeper dive. TAYOR.
Technical analysis: Taking a look at the historical data of BTCUSD, we can see that reversals tend to happen during a failed retest of a recent high. These will be confirmed with 4 indicators: 1. There will be a lower high on the price chart and will become the most evident clue to a succeeding correction. 2. The RSI will retry the oversold 70 mark but will be...
Just using a basic log chart and mapping the previously broken trend line. It seems like we're going to hit 80k within the next coming months. If the run up gets a bit delayed, we may even expect it to hit 100k, but I can't see it going further up than that for the year. The weekly MACD and RSI needs to take a rest to be able to reach higher highs, but blue skies...
We've definitely seen a good rally from BTC during the past week. However, there is an evident bearish divergence on the MACD and the RSI indicators, meaning it's been losing volume and momentum on its way up. We should be wary of a possible push back to lower levels. As of now its on a rising wedge and as of this moment, it's touching a major support line and...
To start things off, I've only been doing TA for a few months now. I'm not an expert on TA and this is just an opinion of my own. If you have any comments regarding my idea / strategy, feel free to comment it below. Thanks! 3 reasons to long BTC: 1. Elliot Wave: Wave 4 cannot cross the territory of wave 1 (Blue) 2. Bullish Divergence (Green) 3. Double Inverted...
I don't know much about Elliot Wave theory, but all I know is that it consists of 5 waves for the dominant trend, followed by 3 corrective waves. I placed waves 1, 3, and 5 on the FUD spikes earlier on this year, followed by a sharp corrective wave caused by the positive SEC meeting on crypto currency. Since then, sentiments seem bullish and the Daily MACD...