OK Ethereum Classic is one of those shitcoins looking in great position for possible long position. Would wait for one or two candles closing above the Hull MA (34) . RSI 5 and 13 showing divergence. Yes i know recent close is not exactly same level or lower but the geometry of RSI is too steep to not consider these. Volume increase on rejection also show...
We all know USD is another shitcoin like XRP and eventually will go to 0. How about to comparing Honey Badger to Gold?
Quick update with signals produce by RSI Delta on Renko chart. Lookin neutral leaning bearish.
Chart to highlight some possible log scale trendline approaches on Bitcoin. Same strategy applicable to RSI to identify support/resistances, breakout zones, volatility compression and trading ranges.
BTC under Kijun after rejection. Price slightly above Hull and Tenkan give a bit to look for but the retest and bounce need to happen to get us to next cloud resistance levels. So far it looks pretty neutral due to conflicting signals. We are still back to the same trading range we were last few days.
RSI analysis show that momentum still need to break some levels to become bullish. We saw long wick followed by massive rejection on increasing volume. Price still under the EQ of Weekly structure.
Volume anomalies are particularly useful to look at specially during local tops after a rally. This chart is outlining a few but if you keep going through the past, these anomalies will come up regularly. It is also good to look at the BLX ticker since it encapsulates volume from several important spot exchanges. Use volume anomalies, often deviations around...