scriptB in scalp mode has shown great buy and sell opportunities over the previous years. however divergence is flagging at the top. using scriptb with basic volume we can see price has risen on declining volume and as it approaches the top a juicy short can only be imminent. to learn how to access these scripts please visit tradingscripts.best
BTC dominance appears to be within a Bearish Pennant... This is my current count here... Also within a Rising Wedge... 5Day Bearish Divergence with Declining Volume at the top of the trend line... I expect BTC to decline in dominance within the Crypto Market cap within weeks if not days.
*Using Poloniex for historical data. Shorting can be done on other exchanges, Bitmex in the case of this analysis. ETH is within an Ascending Broadening Wedge for its overall history, currently having broken below the lower trend line with the Weekly 60-Day Hull Moving Average and the 175-Day HMA above it at $235. A cross of these two HMA's could occur within the...
- If Bitcoin dumps from here, or even from a little higher, this could indicate the formation of a Bearish Ascending Triangle if the price retests the ascending support line. - If Bitcoin successfully breaks out from the triangle, it will be on its way to test the 200 Day Moving Average. Ascending Triangles are characterized by a series of higher lows but the...
This is not an asset I would want to be buying here. There's several red flags in the chart. #1 Declining volume. While the price is going up, the volume has been dropping off. This shows less and less participation as the price goes higher, not a sign of strength. #2 Hidden bearish divergence up to the 3 day timeframe. You have price making LOWER highs while...
Forming symmetrical triangle on daily which is a nuetral pattern ,but with declining volume breaking upwards has a higher probability.