Heavy sell off in the past few days (>50B) has caused Total to break the historical diagonal support. This is confirmed by the OBV showing lower lows. Large selling in BTC has triggered selloffs in altcoins as well. The crypto fear and greed index is at Extreme fear right now. However bitcoin hash rate has stayed almost constant. bitinfocharts.com Outlook is...
BTC pumped on the recent news from China about the government using digital currencies. This pump was right at the diagonal support(purple) which pumped it 40%. Now the price is in a down channel and has a support at around $8700. The purple channel is also bringing BTC back to the reaccumulation zone which is also the parabolic growth channel ( zoom out, yellow...
Short Hypothesis: Ethereum broke the diagonal price trendline after it formed a Head & Shoulders. However the OBV is currently testing its trendline. OBV breaking this trendline will confirm downward action of ETHBTC. The volume indicator shows large selling activity above its moving average in the past few weeks. The VPVR has lot of interesting in the current...
Total2 marketcap is inside an ascending wedge and has just touched the rising diagonal support. Several altcoins have been seeing increased buying volume and OBV along with bullish reversals on the RSI and MACD. The OBV of Total2 has had higher lows after every dip suggesting more momentum could be possible. Altcoin market cap now: ~60Billion $ Altcoin 2018 peak...
As the Feds start the new round of Quantitative Easing (QE) of about 60 billion $ monthly infusion for next 10-12 months this translates into more supply of USD into the market. This causes the value of different asset classes to appreciate depending on their different characteristics. Institutional and retail investors are looking at alternate asset classes to...
The price fell off the diagonal support shortly on oct 22nd but is now back up. The OBV has been increasing with higher lows showing an increase in buying activity. This can be largely due to the positive news coming out of Cardano as well as the incentivized testnet snapshot which will happen in November. The Stochastic RSI looks like it is going to be...
Bitcoin tried to break the resistance level at 8400 but failed and will soon test the support at 7700. The daily MACD also looks like it is turning bearish as well as RSI falling into sell zone. Bearish cross of 9 EMA on 21 EMA as well. If the 7700 support breaks the next level of support is around 7200. The VPVR shows there is plenty of interest in that level....
BTC dominance is currently in a falling wedge after touching the diagonal trendline high of 73.55%. Money is currently flowing out of bitcoin and into several altcoins which can be observed through reversal patterns & higher volumes in the major alts. The breakdown from the falling wedge may test the diagonal support forming a head & shoulders and can see further...
Basic Attention Token (BAT) has an innovative business model which protects the privacy of the users of its Brave browser by giving the option to the users to take part in its data collection program and at the same time rewards the publishers & advertisers fairly. With the rise in data privacy issues from the tech giants, more users are adopting the Brave browser...
XRP just had its 9 & 21 EMA cross the 100 EMA. In the past these crossings have led to bull rallies. The RSI and MACD have also had higher lows. RSI has entered into bullish territory. Expecting price to move upwards in the coming weeks. Please read my related idea attached below for more information on this hypothesis. *Note: This is not financial advise.
Bitcoin is characterized by a parabolic growth phase (yellow zone) and stays in this area between exponential growth phases (when price shoots up and above this yellow zone). The bottom of yellow trend line could possibly be the mining production cost for the miners and it has sustained these levels through bitcoin' history. The larger miners have always tried to...
The left chart shows a Moving average ribbon and it can be seen that as the ribbon compressed in the past it was followed by an expansion and a rise in price. The right chart shows a consolidation period with a lot of accumulation. The price has flipped the resistance level ( which was the previous historical low) and will most likely test it. Also the On...
Massive whale accumulation in power ledger. Buying activity 50X the volume moving average. The price is below historical support of 685 sats. Price breaking above this resistance level will accelerate its gains further. Fundamentals: Power ledger is one of the few crypto companies working on decentralizing the power grid and create an energy sharing economy...
BTC Dominance failed to break the resistance upwards and is going down forming a head and shoulders pattern. If it breaks diagonal trendline it will go down further. On the other hand, Total Crypto cap is testing the diagonal support on the weekly chart. Depending on BTC dominance action at its weekly trend line , Total crypto cap will make its move. Major...
The past bull runs all had a bullish crossover first of the 9 EMA with the 21 EMA and then both of them with the 100 EMA which lead to a strong bull rally. The current price has also found support and is forming an ascending wedge to the 100 EMA. *Not financial advise. These are merely speculations but what is life without some speculation. Please do your own...
DASH BTC has been on a downtrend for a while and went further down after being delisted on several major exchanges due to being a privacy coin. However, DASH has found large mainstream adoption in several countries such as Venezuela with a large number of merchants and even ATMs. The hash rate of DASH has been climbing at an accelerated rate and is at all-time...
DOGEBTC seems to be in an accumulation mode since the past week. Accumulation volumes are way higher than the MA. Weekly MACD has just turned bullish and RSI seems to be reaching oversold region. A drop in bitcoin price could see doge going up. *This is not financial advise. These opinions are my own. Do your own research.
LTCBTC has broken out of a falling wedge with higher lows on the daily RSI and MACD. The weekly RSI is reversing and the MACD looks to be headed for a bullish crossover. Before the past halving there was a bull rally which died after the halving event and followed a long bearish downtrend. This reversed nearing the bitcoin halving event in 2016. The Litecoin...