I always aim to K.I.S.S. by zooming out on the chart and looking for big picture key takeaways. It's important to note the more we zoom out on a chart's timeframe (e.g. switching from a 1 day to a 1 month), the more significant the findings. The chart shown is a 1 month chart: (1) Negative Divergences on both the RSI and MACD since Jan-18 (2) Rising wedge since...
Ahhh Bitcoin Cash, one of the projects you either love or hate....or like myself are indifferent on Anyway, from an unemotional investment perspective: This project has a strong backing, is extremely suppressed in value, and has a very large initial upside target Short and sweet: I see an ascending triangle as drawn: Upside target ~$916 This is the initial...
Zcash is a coin I really like because: (1) Over 4 years of Price Data - Historical Data for analysis (2) History of remaining relevant - Top market cap coin; currently 35, if it didn't have a strong backing it would have disappeared by this point (3) Smaller market cap (more volatile price action) Now to the charts! I am showing a Weekly view on...
This is a 3-Day View on LINK Price continues to maintain the purple 50-SMA; continued strength if we maintain this area 2 downward lines of resistance we want to see get broken: (1) Grey - Price wicks (2) Black - Candle bodies My view is the $12 range is a great buying opportunity; this is right at the 50-SMA I am currently expecting some side-ways movement...
The following is a weekly view on DASH (All views will be zoomed-in on below) We have just cleared 2 major blue descending lines of resistance shown closer below. Given the Stochastic RSI is about to cross down, I suspect we will revisit the prior area of resistance of $92.8 and hold that level, creating an area of support (green line shown) Rectangular target...
(Originally posted 06-02-20) I have seen several charts of this and decided to throw my hat in in-terms of sharing what I see. I definitely feel a fractal is present. I am showing a 3D chart to display. "History doesn't repeat itself but it often rhymes" - Mark Twain -This is what I think of when I view price fractals; whether it be the XRPBTC , XRPUSD, BTC...
(Original Chart Posted 11-27-20) This weekly XRP chart clearly lays out: (1) Prior price resistance we recently hit (2) New higher price resistance levels I am forecasting we will hit next; creating a price range expectation for our next large move Prior Price Resistance: - The lighter red lines show areas of prior price resistance back in 2018/2019 which we...
This is a weekly chart Vertical gold lines: halving dates Dark red lines: Prior cycle tops (candle wick tops) Lighter red lines: Prior cycle body closing tops (notice how much tighter this cycle is; small gap between both light & dark lines) Green Circles: I am pointing out my belief that we are currently right around the January 2017 weekly fractal. ...
This is a 23-Day Chart. Why a 23-day chart (seems sorta bizarre); simply put, I find this unique day-count chart to provide a clear picture for myself. It's personal preference, but I feel it does a nice job telling a story. Keep in mind, any time you increase the length of time reflected in the candlesticks, the stronger the story (the higher the credibility...
As shown on this 2-Day chart: (1) We are in a classic falling wedge pattern (2) We are at the 200-SMA price zone which served as an upside bounce zone in our prior move up (green circles) I am fully expecting us to being to break from this falling wedge shortly. Could we see more down side? Yes. I was expecting ~$1.87 to hold and we hit $1.91. So we could...
This is a weekly view on XRPETH. The golden circles show points we have touched the 0.00085 level as either resistance or support. We just touched this area as support. I firmly believe this relativity zone will hold as support. This implies that XRP's price in relation to Ethereum has bottomed. Meaning, XRPUSD will increase in value greater as ETHUSD value...
The Candlestick circled is a hammer candle. This candle most likely (statistically speaking) states that we can expect a reversal to the upside. It is the March-April 2 Month Candlestick. We have just begun our May-June candlestick. 97% of the time I do not day trade. I play longer-term swing plays. My opinion is this is an extremely good set-up for next...
As shown by the horizontal red thick line & blue circles, $400 has been a historical area of both resistance and support. For the better part of 2 years we have been trading sideways between $80 - $400 (props to anyone who bought sub-$100 ETH!) We have now tested that $400 level for the 1st time in a long time. Once we break this level, I am fully expecting...
Inverting a chart can provide a unique perspective Whatever pattern is present is valid, however, what gets "flipped" is the bullis/bearish narrative This inverted 5 day chart on XRP clearly shows a Rising Wedge Because Rising Wedges are formations that are BEARISH leading to a break DOWN in price on normal non-inverted charts, Inverted charts flip the script:...
This is a monthly chart of the value of the US dollar. Key Points: 1. Thick green line and red circles: major area of support/resistance at ~92.5 2. ~41.57% decline from Jan-02 to Mar-08 (bottoming at ~70.72 black line) 3. Showing the level dollar would reach if we had the same drop and assuming we topped Jan-17 (dollar value would = 60.68) 4. Blue...
This is a 10-Day view on ETHBTC We have broken above 50-Day SMA for 1st time since our prior bullrun Both RSI and MACD are showing strength during a clear bottoming action in price A clear move towards the horizonal red line of resistance is imminent. Break that, and things will get very interesting
I have not spent much time with the OBV indicator, but my basic understanding is it essentially indicates the amount of volume driving the price performance. I also understand that volume proceeds price This is a 1 day chart on XRP I also took a look at both ETH and BTC and did not see what I am seeing here 3 main observations at this point: #1: The 1st blue...
I never spent much time looking at XLM till recent This daily view clearly shows XLM has been battling 9 cents for a while When it manages to break that level AND back-test it and hold as support, look out! This is a smaller cap crypto so this thing could move huge