ETH is looking quite bullish atm. Ascending triangle's on the the ETHUSD and ETHBTC pairs are providing for a really strong setup in the next week. BTC bull flag in development could provide for an opportunity for $300 ETH in the next week or two. Strong long here.
4 hour is finally above 50 sma, if 50 sma holds, should break to the upside and then we got the resistance from the falling wedge at like 174-175. If it breaks that resistance, it should run really nice. On the 15 min chart, we just broke out to the upside from the short term wedge it was in. Also now finally above 50 sma (purple), which could serve as support...
Been watching this chart for ages, The stoch RSI on the 4 hour is crossing over and is reading very oversold. Possible double bottom pattern with potential breakout out of the descending wedge definitely possible. SL@ 750 sats for is support breaches. If bitcoin continues with another parabolic move it could happen. But there could be room for a strong reversal...
I turned around last night and switched my Eth Long to short. First target is 168, but this could break down a lot lower. BTCUSD also broke down from both the ascending triangle and wedge which is a substantially bearish signal for Eth as these two correlate quite closely.
We were in an ascending wedge on Ethereum, and it appears to have broken down. 3h and higher intervals show bearish STOCH RSI, we have come pretty far from the buy signal, looks likely to retrace further here. Will confirm if a sell signal paints on the Supertrend. Target 167-168 to take profit with half of position, will reassess at that time.
Things for Bitcoin on the macro scale have been in a bear market for the last 14 months. The major trading pattern that has been repeatedly in play has been a major descending triangle. A descending triangle is typically inherentlya strong bearish indicator marked by lower highs and a strong horizontal support line below. Bitcoin constantly faced rejection of the...
We are breaking out from short-term resistance trend line, and likely to break out of the pennant. 4 hr Bullish crossover about to hit on MACD. Looks that we will break the ichimoku cloud which is serving as resistance.
Short-Term analysis on 5 min Candles, Mid term (12 hr on the chart) Recent profit taking on last spike pushed RSI to oversold on 5 min chart. And also pushed to oversold on the bollinger bands on 5min . 7 MA looking to cross 25 MA soon this would confirm short term trend Trade initiated at 2000 sats MACD looking like its about to form bullish divergence with...
$BTC bullish crossover on MACD is about to hit. I see us running up to 7500-7600 (Close to the resistance line) possibly in the next 7 days & SEC decision on the SolidX-VanEck Bitcoin ETF happens Sept 30th. In the slim chance that the ETF does get approved by the SEC, I see BTC breaking out past the line of resistance that we have been stuck below since January...
Bullish Divergence on MACD crossed after minor profit taking sell off. Oversold on Daily, Forming new trend, anticipate a lot of bullish price action supported buy high volume. Exit if BTC shows weakness or when RSI indicates over bought conditions, then consider rebuying the profit taking dip. Advance stop loss as trade continues to secure profits.
Volume is increasing, bull flag forming, RSI is falling Look for RSI to drop further on consolidation with MACD as the wedge tightens. If wedge continues to tighten, and RSI below 50 & breakout from wedge starts with increased volume, consider entering trade /w stop loss @ 945 If bitcoin starts to decline, exit position.
Technical Analysis: On the charts, we have a nicely formed Cup and Handle . Todays correction helped form a better handle and lets the RSI cool off a bit lower which is necessary for a more explosive breakout, I think we are primed. My short-term target is 11500 Satoshi where I expect a short cool off to occur as some profit taking takes place. All the...
Technical Analysis: On the charts, we have a nicely formed Cup and Handle . Todays correction helped form a stronger handle and takes the RSI a bit lower which is necessary for a more explosive break, I think we are primed for an explosive breakout which the current TA strongly supports. My short-term target is 11500 Satoshi where I expect a short cool off to...