either this is the first big stop run to sweep out everyone that thinks parity or lower is coming.......or....this break above the cloud is the start of a large wyckoff style rebound.
been vocal about buying for a while, this sideways base and up into a green is why. as a segwit type coin and good TA Vert looks ready to put on House of Pain and jump around a bit. currently printing the 3rd buy signal ever on the weekly chart.
maybe i am forcing it, but it sort of looks like STR is leaving "the spring". it is currently trying to print a confirmed reversal on the weekly. if so a breakout and throwback is almost certain. the markups, we'll let's draw them in but not get too excited yet.
weekly chart shows lots of potential momentum is being pulled to overbought other alts have pumped large Ripple has a growing Japanese banking consortium everyone seems to hate ripple, thus i have been in and will stay in the trade at least until i hear haters buying.
i want to short this so much. not getting ahead of myself though. but first chance it offers will likely be the steepest and quickest correction and bounce, so don't let is get by you.
volume looks like accumulation to me. getting overbought and moving averages trying to cross upwards too.
ETH seems to be following ETC so far. Let's see if it continues.
see chart for description
History says it pumps in the next 4 weeks and you should have bought when I first posted. But now isn't horrible either. Previous detailed article & video: www.coinstreetnews.com
Too much to say so my detailed thoughts and video link here: www.coinstreetnews.com
astrological and technical cycles in harmony as per usual.
the first 2 boys were born during consolidation before large price rises. will history repeat itself again?
Long story short, price is looking a lot like the Fall of 2015 and also reflecting the set ups from the 2012/13 bull run. Seems crazy to be shorting until price falls below the main support trend.
Bitcoin threw the dagger into gold just as the Shanghai fix went live, hilarious. Sell the news or what. BTCUSD has broken up too. therefore there is a strong chance we may be charting a bull market into the June 20-25th window with July 8-30 as a reprise. current position is: long ad since jump.
if the price holds above this triangle it will squeeze out all the people expecting that huge Head and Shoulders sell off to happen.
With such a massive bear sentiment out there one has to then look at the bullish outcomes for squeezing all of the over zealous shorters. The house has to win, not the table, thus is only makes sense that if we are flirting with 60% short position that it has to go up....right? I'd go with 399 and 379 as the "this ship's going down" levels.
The current NXT chart looks a lot like the XMR chart from this article: www.coinstreetnews.com If this is so, then the upside is super awesome. Buy the dips is the mantra on this play. targets should roll in just above 3, 6, and 9K.