Great set up on this blockchain stock. A green close on the weekly here could show signs of trend reversal. $HIVE.ca $GBTC
On a logaritmic scale, Bitcoins trend is still intact. It's the right moment to buy now. Before 2020 Bitcoin can reach $100.000. #BTC #BTX #Bitcoin COINBASE:BTCEUR COINBASE:BTCUSD
If the first support holds, BTC could form a strong 3rd wave. Latest LONG entry after breaking the 10.000 resistance and making a higher high.
RSI shows a very weak bull pushing the price, the prices will most likely drop below 2760 before testing next resistance
A healthy retreat before the mayhem errupts, don't forget china is on the horizon with one of its major platforms to release ETH, that will drive big volumes! now, to the technicals, a slight retreat to the ~265 before the next runup, the RSI looks healthy enough to retreat for 50%. the stars align for Wednesday's breakout right at the cross of major support from...
Looks like correction turned to upside after a classic cup and handle, another indicator that we may be approaching another rally; confirmed by positive momentum on MACD and RSI is above 50%. Another big indicator is the crossing of the 52 day SMA, we should see a little bounce around the SMA before a potential breakout.
I am still unsure if this going to continue on a bullish trend. Signs I see on the 1 day are: the RSI is not over bought, the OBV is not telling, bullish T K cross above Ichimoku cloud, the current price is well above bouncing off the 50% fib fan (or my secondary support), the other fib tool shows a potential bounce off the 50% -not in great range % but headed...
Last month, we talk about the range about to break and advised to go short on a break with a TP at 520$. It worked perfectly. Now we are set for another opportunity with a range between 550$ and 600$ Here is my plan: Trading Plan to Buy: Condition (When): If it closes over the first resistance(600$) at 605$. Stop Loss: We exit if the price breaks the...