RSI Divergence If price forms a double bottom entry is on a rejection of support If price breaks resistance, entry is on a rejection as support. Nice R/R for both trades
Possible reversal showing on USDJPY chart, divergence showing on RSI , slight double bottom on smaller TF, descending trendline broken. TP1 & TP2 at trend lines. R/R 3.5 NFA
This is my thinking on how alt season can develop from here
XRP seems to be following the Dec to Apr pattern pretty close. Will be interesting to see what news comes over the next few week
Nice double top showing at the .702 on 4hr charts for the last move down on BTC.D If dominance continues to fall here, along with bitcoin finding a range to work in, it is time for the alt coin market to take a leg up. Thoughts?
there is a triangle forming in the descending wedge, looking at closing below .88c to make a move to the mid to low 70s. This would touch the bottom of the wedge and the 4hr 50 ema, it would also be around a 40% correction, this would create the next leg up past the 1.10 mark. This is just my opinion please don't take this as trading advice its just what I see...
Great buy in oppunity here i think for a trade, target 60c. if it breaks to the upside of the channel - target 1 .64c target 2 .79c Where it drops below the channel was btc pulling the market down, i dont believe it has invalidated the channel
Also showing on some 1hr alt charts, what you guys think?
What you guys think? Also same pattern on alts