Cryptocure

Cryptocure

Yesterday's crash strengthens the great similarities between current and previous Bitcoin cycle. A sharp sell off made an end to the bear market with only upside seen from thereon. Besides these similarities, looking at the weekly BLX chart (Chart has yet to be updated as of today) with the 200 MA shows a bounce from this moving average, even more so indicating a...

Cryptocure

BTC seems to have topped out as previous highs have been strongly rejected, as indicated by the large red volume bars. Reasons of concern: - Strong bearish trend on the RSI - High selling volume - Increased media attention for Bitcoin A conservative price target would be at the supporting trendline and historical support level of $8750.

Cryptocure

Cardano (ADA) is on the verge of breaking out of an ascending triangle. Not much more to say.

Cryptocure Updated 

BTC is showing strong bearish sell signals at the moment: - An early sign of a weakening bullish trend could be seen in mid-May - A strong bearish divergence has formed - Bearish volume is high If the trend reverses, support could be found at around $6400 and $5400. As the price shot straight through $6400 last time, this support level might break just as...

Cryptocure

The price of Bitcoin is located in a descending triangle pattern, indicating it is likely to go down in the coming few hours. A drop ranging from 5% to 8% may be seen upon breakout of the horizontal triangle support line. If these expected lower bound ranges are seen, price is likely to slightly recover from there on, as the RSI level would be indicating oversold...

Cryptocure Updated 

TRX is located in the historically seen important resistance level. This level has not been broken with any significant confidence yet since it has dropped under it. Price however has closed above the trendline, coming all the way from the November/December 2018 bottom. Besides this important closing price, the RSI still has some room left for growth, indicating...

Cryptocure Updated 

The price of BTC shows a bearish divergence looking at the RSI. Combined with the high, overbought value of the RSI, a correction should soon be coming. Furthermore, the price level BTC is at right now is just below the very strong resistance zone at $5750-$6000. These things combined provide a relatively certain signal that BTCUSDT will drop down a decent bit.

Cryptocure

Rising wedge formation fake out has occurred to the upside. Retrace to lower levels may be seen.

Cryptocure

Looking at the long term weekly chart of Bitcoin, a lot of similar situations regarding the stochastic RSI can be found. As the stochastic RSI is completely maxed out at the moment of writing, a retest of the 200 weekly MA seems increasingly likely to happen. In the chart, I indicated nearly all moments at which the stochastic RSI topped and the belonging...

Cryptocure Updated 

Some interesting similarities can be found when comparing the 2015 bear market to the bear market we are in right now. The following similarities can be found: - An upside breakout of the pennant pattern - Adam and Eve bottom - Relatively similar volume ratios between the all-time low and the current bullish trend we are in - First serious upside break of the...

Cryptocure Updated 

See my previous upload below belonging to this comparison:

Cryptocure

XLM has formed a double bottom with a textbook bullish divergence formation, indicating it is in a perfect position for a decent burst upwards. - Double bottom - RSI very bullish - MACD very bullish XLM, do justice to your logo!

Cryptocure Updated 

Long Bitcoin has formed an inverse head and shoulders opening the doors to a break of the long standing resistance which would result in a decent burst upwards. Short If Bitcoin does not manage to break the strong resistance and neckline of the inverted H&S pattern, another leg down towards the December lows can be expected.

Cryptocure

Short term TRX has found itself in a rising wedge formation, consequently indicating price will go down. - Rising wedge - Double top formation - Bearish RSI divergence (More noticeable on the 1D chart) All indicating a downward movement. Long term On the longer term, however, it seems to be a bit sunnier. As a result of Tron having acquired BitTorrent...

Cryptocure

Bitcoin is situated in a converging trend with a downwards tendency, indicating it is likely to go down within the next 1-2 days. - Descending triangle - Approaching long standing resistance - Below 100 MA

Cryptocure

Weekly term Bitcoin is showing some bullish signs at the moment. Most notable of these signs is the trend on the RSI. For the moment, however, I think a huge move out of the falling wedge is not yet likely to happen any time soon. - Double bottom with higher low (Similar to the typical lower high you could for example find around bitcoin's ATH, but inverted) -...

Cryptocure

Short term The price of Cardano seems to be stuck in a converging channel on its way down from 0.05 USDT, probably signaling a continuation of the bearish trend. - Converging channel in downtrend (Can be seen as a bear flag) - Very low trading volume Longer term The fall in price might stop at the support level at around 0.035 USDT and bounce up as the...

Cryptocure

Short term TRX has formed a descending triangle on its way down from the parabolic build up a few days ago indicating it is very likely to go down. - TRX too overbought compared to other cryptos - Ascending triangle - Trend is already bearish Where do we go? Down!