BTC went up to almost 200% over the 200 DMA and now appears ready for a huge dump. Double top could be forming now and risk to return highly favors the downside. Support zone from $20,000 to $24,000. However, this coming move down may be more than just a technical retracement and would not be surprised if this yellow support zone does not hold. We'll see how...
Gave our buy signal on October 21 at $.25 cents so no reason to be too greedy.
We posted an article on StormX at tradingbtccom and we discuss what the chart/indicators are suggesting about price.
We posted an article of why OMG is ready to breakout higher and gave initial targets. You can view article at tradingbtc.com.
XRP Gave a Buy signal on Oct 11th then price had a counter move down and now looks ready to run. First resistance is .26 then .30.
VGX looks ready to cross above the downtrend line and we could see a quick move to .16 cents.
On Sept 15th when Link was at $11.24 we said weak hands needed to be shaken out and that support was in the range from $9-$7. We saw price decline down to $7.30 and weak hands capitulated. Link/USD has now reversed higher to recapture most of the declines from Sept 15th.
DGB Digibyte is one of the few cryptos that we have scanned and see a Buy Signal given with our Oscillator crossing above the Zero LIne. The last time our Oscillator gave a Buy signal the price went from $.02 to .038 (90% return) in less than 2 months. On this move we expect to see a retest of $.038. We have a position and are adding on pullbacks.
VGX is trying to reverse the downside movement with a potential Reverse Head and Shoulders or atleast a Higher Low. If price can get above .16 then .22 becomes next upside target. Momentum has stayed above the zero line during the recent pullback and if momentum can start to accelerate here then .22 could be hit rapidly.
Link looks like it needs to clear out more weak hands before stabilizing and it looks like $7-$9 is a strong support zone.
This chart shows that price moved up while our Oscillator moved down below the zero line giving a sell signal. If price accelerates to the downside then the first support would be around the 200 dma at about $9000.
It's on a tear right now so hope you got in!
Omisego is on a tear right now, hope you got in!
XRP looks ready to attack the 200 Day Moving Average and our Oscillator gave a Buy just recently and price has pulled back and consolidated those gains and now appears ready to move aggressively higher. This should not be taken as financial advice please do your own research. #xrp
ATOM gave a buy signal on Oct 9th and has run up to a high of $3.88 just 12 cents away from our target of $4 and looks ready for a rest to consolidate the gains.
The last few weeks the price has been volatile and our Oscillator has generated a BUY signal 2 days ago and a run to the upside looks ready to occur. Target is about $4!
The 20 DMA is coming down to the 200 DMA and if it crosses below then a nasty decline could follow. The last time the 20 DMA crossed down below the 200 DMA was on March 23, 2018 and it led to an almost 30% decline. Our oscillator gave a sell signal on September 21, 2019.