Ameero

Ameero

Simple like previous cycles: Bitcoin will pump, EthBtc suffers..... Eth recovers and goes to new highs.

Ameero

We have not hit the 21ema weekly this bullrun, whilst in 2017 we did several times. It is only a matter of time. However, the current consolidation seems like further bullish continuation.

Ameero

Pull back, although we are also in beginning of bullcycle. Exciting times ahead!

Ameero Updated 

I am bullish longterm, short term i think we pullback. I do not overly rely on indicators, but I feel if RSI reaches 86-87 as can be seen on past peaks on daily, there have been pullbacks. This conforms with Price action too. So this weekend price tops 11700-12200 before pulling back.

Ameero

Very heavy diagonal resistance. Would like to see price come into the fulcrum of the triangle before we see a bullish 2020-2021 and beyond to ATH.

Ameero

We might drop a level or two, but i do see we reversing - Whether bulls can sustain momentum and bring us back over 21W ema, 200 DMA is the main question. Otherwise we will see us go much lower.

Ameero

Raven $RVN getting setup in a descending wedge. Historically these have been explosive for this coin. The last large growth also happened in the midst of the bear season of 2019. At this moment bitcoin just broke below 10k after a parabolic rise. Hopefully we get to lose some of that steam, and move sideways for alts like Raven to get the oxygen they need. - I...

Ameero

Looks like a promising zone closer we get to the trend line. Does the token have any usefulness? I don't know. But it has a community and once it pumps it pumps.

Ameero

Final token release coming June 4-5th, After that we have all clear =)

Ameero

Looks like they did a bad / mismanaged fundraising, There was a frenzy of coins resold at 2-3x during bear market by VCs. Seems VCs dumping unlocked coins still. I am watching carefully. Will look for cheaper prices and buy the dip =)

Ameero

Just my thoughts based on price action, fibs and support / resistance. I will try sharing more in future. Please like :)

Ameero

Eth has been respecting that 21 EMA nicely with a good few bounces. It also looks to be forming an ascending triangle which could indicate a further upward move It's interesting as the chart pattern plays out. Yesterday it seemed bearish, but the bounce on the ema indicates the bulls are not giving up.

Ameero

I have seen a few people calling Adam and Eve formation on BTC. I set some thoughts based on the great chart pattern guru Thomas Bulkowski. His advice on trading these patterns is to: "Wait for confirmation -- price to close above the peak between the valleys. If you don't wait, there's a 64% chance that price will continue lower without confirming the double bottom."

Ameero

Descending Triangle on RVN, didn't spot any bullish divergence on the RSI though. We are just a few weak levels away from the all time low on Binance.

Ameero

I just had to try and be the first to chart this just half hour after trading opened. Too little data to ascertain anything lol Like it for a little fun. =)

Ameero

Symmettric triangle - base has proven history as strong support where the price has bounced strongly on two occasions (three if you count the 10th of Jan).

Ameero

Couple of events that may have an effect on price. Certainly the curtailing of monthly supply will help with price stabilisation and bullishness. You can spot the dumps that happened around the 4th of each month. June 2019 is the end of those supply drops. The Mainframe Platform Release will be announced on the 15th February 2019. Might not effect price, but the...

Ameero

Seems we came out of one pennant like formation to enter another.