Horizontal Support + Resistance
Diagonal trend lines drawn in on this one too
Looking for LONG position. At intersection of horizontal support + Diagonal Support as TUBE is ranging inbetween the 1050 - 1300 sat range
Ideal entry approximately 1150satoshis
Bull scenario: Ranging as of late. Apex of trend lines in near future. Way more volume on the buy side...
Would like to demonstrate the differences between timeframes and how important it is to use larger timeframe to confirm your trades before entering them
On the 30m the RSI has a bullish divergence and the support level is holding well and the price action is coming to a critical apex with the trendline intersecting with the current support soon.
HOWEVER on chart...
Update to the bitmex chart.
Recent price action has been great. Made significant profit of a long opened at 5850. Ive closed my position and have opened a short.
Over bought RSI
Rising Wedge pattern in play
Volume lacking
I predict we will revisit the low 6000's and possibly back to the 5800 level.
playing with super small capital here so no harm no foul
Broke Through Support Levels and price is within a rather large range Support + Resistance Band
RSI down trend
OBV down trend
EOS has yet to come close to capitulations as its still relatively high vs BTC
Side NOTE look at the Weekly chart.... The worlds most textbook Cup n Handle :)
anyways
Block chain is centralized and plenty of FUD lately
I am Short on EOS
LTC is approaching a key support level which intersects with the current downtrend line that it has been retesting as support since may.
RSI is completely bottomed out which does suggest the current price trend is running out of strength however in this market that is not a valid reason to go long.
I will be keeping an eye out to see how LTC will react when the...
Drawing Support / Resistance lines on the chart.
I am charting comodities and currencies from areas other than crypto to broaden my knowledge and experience.
if i was a betting man on this chart. the OBV,RSI and recent test + bounce off the support i would go LONG.
But this isnt a price prediction exercise i am purely sharpening my TA skills
Drawing Support / Resistance Lines on the Daily / 4HR
I expect price to hit the bottom line of support after a failed retest of the resistance zone recently
Have been playing around with very very very tiny amounts of money on bitmex.
BTC broke past a key support level that has previously acted as resistance. Price action currently is on the now turned resistance level......
looking to see if this is just a fakedown (is that what you call it when the price dips breifly below before returning above the support line?)
Vertcoin/BTC 1 week chart.
Vertcoin is approaching a very crucial APEX, with intersections of the current diagonal resistance line, Horizontal support line, Diagonal support line that is still in my eyes valid but has not been tested in a while and a old diagonal support line that would be the final level of support for Vertcoin.
Declining Volume means that this...
This chart remains very obscure to me.
I have tried to identify Horizontal Support and potential buy zone where a fake out could happen.
The orange line represent the wedge pattern formation that is currently in play. We are at the end of the Pattern with narrowing Bollinger Bands suggesting that this stagnant and steady price action we have been having will...
NEO vs USDT is playing a similar pattern to what bitcoin is doing against the USD.
I assume the strong coupling of ALTcoin performance to what ever BTC is doing is the reason for the charts looking similar.
Now.... In this chart a clear WEDGE pattern is coming to a crucial point. There have been many bounces off the identified support line. This support line is...
- Diagonal Resistance has been confirmed by a 3 touch trend line
- Diagonal Support line confirmed by 3 touches
- RSI levels are oversold
- Volume overall is lower than previous months
BTC is moving towards a crucial support line which intersects with the support zone box i have drawn in light blue
With the RSI indicating that BTC has been oversold and the...
