If we break the above this resistance then we should see a nice quick run up to the next resistance at around $26. With alts taking turns pumping, as is traditional in an altseason, I expect NEO to go any moment.
We've already begun a small pullback which I expect will likely retrace all the way back to the green supply/demand area indicated. There is also bearish divergence (higher highs on price, lower highs on RSI) across these last two peaks, adding credibility to the idea that we will do a full retrace. After that I expect we will likely go back into the supply area...
Comments on the chart pretty much spell it out. Price action still looks too weak to break out above the descending triangle, but I think the next movement will cause a change in sentiment, and it will gain momentum and break out quite a bit higher, just because no one expects it to currently, so that will rek the most people (which seems to be the main...
BTCUSDShorts are still too high, so I think we must move higher from this range before we can go lower. However, there the shorts aren't at ATH, and there is still a lot of certainty out there that we are moving lower, so I expect one more push down to really get as many bottom shorts into the mix as possible, and as few longs as possible, so that when it does...
As you can see, shorts tend to be at their highest when the market hits its bottom, and at their lowest when markets hit their top. We're currently at a value which is second to the ATH number of shorts, and still growing. Either the bottom is already in, or even if we push down one more time, the larger number of shorts will probably support the price as so...
The pricing almost perfectly follows the textbook Wyckoff accumulation schematic. A little too perfectly. It makes me suspicious.
This is a speculative chart built on the premise that markets seem to seek out the maximum pain for the participants, so that is what I have tried to model here. First of all we have a situation where breaking the previous low of Feb 6 has finally turned the vast majority bearish. As such, for maximum pain, it should go up now, and go up quickly. I put my first...
Bitcoin's bounce from the longterm ascending support line has lead it into an ascending triangle. Hitting the top of the triangle a few times now, it has begun to form a cup and handle. If we get a bounce from the bottom line of the ascending triangle, then we want to see it break out about $7730 and can expect it to reach the vicinity of $8090.
After the Feb 6 capitulation briefly broke through the bottom of the bear channel, BTC has been figuring out what to do next. Too many people took the strong bounce back from $6000 up to $11700 as evidence that we were in a bull market again, but the bounce back from the top of the bear channel sent a clear signal to me that we weren't out of it yet. However,...
BTC just gaining the stability of the last line of resistance/support before trying to taking on the next couple of resistances to break out to blue skies.
Just looking back at the amazing May and June bull run, and comparing it to the recent pump and noticed a surprisingly similar pattern in SiaCoin which could indicate one more big pump before a long consolidation phase. Based on what I have seen across most of the smallcap coins, this pattern could apply to a lot of different 'shitcoins' ;) Just some speculation...