BCHBTC SHORTA nice hedge if you didnt get in on ETHBTC and IOTABTC. Really sucks to see Dominance break above the bearish channel and I hope its a fake out but if its not I wanna make some money.
God Speed,
Mr. Manbearpig
Cryptocurrenties
DOM SHORTLooks like there is a clear rejection off of the 535EMA which also has confluence with other resistance that took several days to break on the way down. I think this little bounce in the dominance chart is jist about done. I closed out my EOS short with a 3% profit. Now its time to look for some long set ups.
BTC obvious BearflagBitcoin will soon fall to the $3200 again!
There is an obvious bearflag in the BTC/USDT chart. Which is a sign for downfall. When the lower trendline breaks, it triggers panic sellers as the downtrend resumes another leg down. Just like the bull flag, the severity of the drop on the flagpole determines how strong the bear flag can be.
I use the RSI as momentum indicator. On a crossover with the 70 i'll sell and by a crossover the 30 i'll buy, if their is a flag pattern.
Keep in mind that this is just speculation!
NEO Bullish potential This is a speculation on what will happen with NEO. Mind that i don´t have a glass sphere where i can for see the future with.
The first thing i did was finding the resistance and support levels. I used the volume to identify them. I moved on seeking for a pattern i couldn't find a clear one. So i wrote down a line from top to top and from bottom to bottom. I think there is potential in NEO because. There is a buy signal in the MACD and the trend is increasing.
The D in the graph is for the distribution of GAS on binance.
best regards, Junktard
Overview BTC Today i made a overview of BTC/USDT.
The first thing i did was setting up the resistant and support levels. The moment
the levels were set, I moved on to the second part the overview. Looking for a ch-
art pattern. The chart pattern i found was a Descending triangle a bearish pattern.
Which had an bearish outbreak. For my prediction i use a parallel line, I set the
parallel line on top of the triangle and move it down. I move it down to the point
I meet the lowest end of the candle i drew it from. For a prediction i'm used to
continuing the line. In this case i stopped at the outbreak. And coincidental the
outbreak exactly hit the same place as my prediction did. The marked still gives
a bearish signal i used the RSI and MACD for a final certainty.
I hope you guys can learn something from this analysis.
best regards, Junktard
This analysis is for educational purposes only
Overview on BCHSV/BTC I made this analysis to create a clear view on BCHSV.
The first thing i did was searching for the support and resistant levels.
If you want to find those levels by yourself, you can use the point and
figure chart to identify those levels. The Lower is support and the up-
per resistant.
The second thing i usually do is searching for a trend pattern, in this
case i found a symmetrical triangle. Where the outcome is difficult to
predict. I used the RSI for my prediction, i found decreasing strength
in the RSI. That would say that there is a higher chance for a negative
outbreak to occur.
I hope you guys enjoyed this Technical Analysis.
This post is for educational purposes only.
