Simple trading strategy. Each time the 15min RSI trend line is breached to the downside (especially if there is a retest), we see a BTC spill. We've just seen this RSI trendline breach, so we could see another spill to ~3600-3700.
Patience friends, a while to go yet. BTC has multiple major long-term diagonal support lines, one big horizontal support line, and the 0.236 fib all converging to the $5000USD level. We're currently sitting right in the middle between two fib lines - the 0.382 and the 0.236. I think its highly unlikely we'll turn around here to head back upwards. Give it till...
First of all, I'm extremely bullish on bitcoin and cryptocurrencies long term. I think they have tremendous fundamental value, and this is not a fad that is just going to pass. In saying that, I do not believe we are about to enter another bull run. Almost every long-term indicator suggests that we need a substantial period of consolidation after the mayhem of Q3...
Eos should find its way back down to the 50 day moving average after a retest of the downtrend line I've got here in blue. The 50 day MA happens to coincide with the 50% retrace from its recent move upwards. I'll be looking to buy in here. Happy trading.
Awesome set up here on VEN. A great project with a great team, and they've got a rebranding coming up on Feb 26th (so long as they don't change the rebrand date again). The price should pump leading up to that, hence it's a great short/mid term trade and a great long term hodl. Bullish indicators: - Recent breakout from a falling wedge - Bullish on daily...
Beautiful Elliott wave forming for ETC. 4 Wave coming down to 50% retrace of wave 3, followed by a big wave 5. Mid/long term trends looking very bullish too.