BTC we are looking for a daily close in 45mins above the support trendline and $38,000 then expecting a nice trend reversal and bounce to the upside.
One of my favorite projects and if this is not in your portfolio, this could be a great entry to start accumulating as per the chart.
This is where I think we can see a bounce with some genuine support with volume. I am obviously keeping an eye on this support trend line for the bounce.
Here is a daily chart of one of my top 20 projects and see it far undervalued, I see a very nice accumulation zone for anyone not familiar with Ocean I suggest to do your research then take a look at this TA.
BTC following dotted line right on, bounce expected on support trendline around $38,000
Nice falling wedge breakout if BTC can trade sideways for a few days we can get some good volume in and get a nice trade here (My idea only not financial advice)
There is a fine line between impatience and taking a punt on max value, this is always my main conflict when entering positions. You may say (Whilst being correct possibly) you should have waited for a close above the resistance trend line, you should have waited for confirmation on BTC bearish/bullish confirmation. Well, famz, all I am doing is sharing my fun, so...
For those who have been in our groups or followed for the past few years we continue our original BTC chart for many indicators that remain valid with history always repeating itself.
Or is BTC still bullish, have we broken out of the falling wedge on daily, retested resistance trend line and bounced and looking to knock off the horizontal resistance we have been talking about?
Is BTC is a bearish rising wedge on the back of a wider head and shoulders bearish pattern. There is some TA indicators to suggest a revisit to $28,000. This is just an option to consider the TA here.
BTC eventuated with the bullish prospective idea posted where we saw the bounce off the resistance trend line with volume after the falling wedge break out and retest. BTC now looking to flip $45,800 level again on the daily chart.
BTC looking to have another crack at the resistance on the hourly chart, interesting to see this attempt.
ICX is currently holding above a significant level on the weekly, could this be the right entry for the start of its run? ICX is my number one most undervalued coin right now and have been a long term holder including a huge trade profit back in early 2018 selling at $11.00, its currently $0.62. Depending on BTC over the weekend and whether bulls or bears prevail...
Second scenario from a bullish prospective is that it has closed above the resistance trend line so could be a bullish signal of breakout of falling wedge with retest and would mean the high volume would continue and we would get a big bounce of this trend line, being the weekend, typically being not great for bullish runs with BTC but if so, this could be the reason.
As suggested with the BTC short due to the double top we saw the big dump! $28,000 remains target.
Hey famz, although there was a slight bounce off the trend line resistance, was weak volume and its too hard to ignore the bid daily double top and third rejection at this level. $28,000 target remains.
BTC currently retesting the resistsnace trendline after breakout, if this does not hold with a bounce, I see $28,000 as the next logical target.
BTC still in Inverse Head & Shoulders pattern with daily close about to happpen, needs to close above $40,000, then we will see a pump in my opinion, a close below, I have a bearish target of $28,000 and will enter and short position.