5th touch on descending wedge, bullish engulfing with high volume
Bullish candlestick formation on a perfect trendline bounce while oversold on a rising trend. EZ trade
Volume spike on rising trend, with a bullish engulfing candle
3 reversal and bullish candlesticks at trendline bounce. Volume spike and stoch curling out of oversold. In a good industry too. discord.gg join this discord for a candlestick swing trading group
After Weeks over selling GDX is trying to form a bottom. RSI oversold, bouncing off old resistance (now support), Break of $18.5 will likely lead to recovery up around 21$
BTC is pushing up to test its trendlines, Not a great time to go long unless you are looking for a quick flip. Alts are at what looks like a bottom so if there is a time to break this trendline its now, but there is still a strong chance we break back down when we touch it and the 7500 level. Which trendline do you think is more valid, comment and lets chat.
ETH just had a bit of a fakeout with its most recent candle and until it closes we cant be sure its a fakeout. It is closes back above it should confirm the breakout and we should see bullish action for a while. Message for TA request
ETHBTC is touching the bottom if its triangle and has had a strong bounce off of this rising support in the past, could also be an indicator of the start of alt season.
GDX is currently finding support How to trade it: - Enter a small position at these levels If it bounces to 19.20-20.5 sell for a quick flip. If it drops further double down 17.7-17, downside past this point is unlikely as GDX is already oversold. Sell the bounce after this second buy. Not financial advise, just educational
As someone who lives in a state where you cant short BTC, this opinion Im about to share makes me a little sad. -BTC is in a large descending triangle, The highs are getting lower and the lows are staying the same. This signals more downward pressure than upwards and is bearish. -A large head and shoulders pattern is forming right now and after another couple...
BTC is in a textbook descending (bearish) and looks to be forming a head and shoulders (bearish). After that I assume that it drops to a new low and finish its market cycle. 80% of the alt coins including Eth have dropped to big lows and have completed what looks to be a full market cycle. This begs the question of who to trust BTC or ALTs, let me know your thoughts.
Neo Boke out of its downtrend, signalling an accumulation phase is due. -It just has a massive drop that touched the support/resistance that made it break out a year ago. -It is very oversold so more downside is unlikely
LTC is a perfect example of a market cycle. Good time to start buying in, start small and ladder in.
We are either about to test the trendline of its porabilic drop. If it breaks it (which it should) we should see this bounce up to the next trendline. Good time to go a little long, with a small position.
This all out crypto dump hurt many people. But due to its strength, there are very few major resistances until 360 and 400. -Daily chart has formed a bullish reversal hammer (needs a green day for confirmation) -The Daily is still very oversold and more potential downside is very unlikely. - Lack of resistances makes this a good time to buy and hold through the...
This is huge, Silver has stayed above this line for 10 years and now will see some sopport at the white line but after that there is no makor support for a long time.