BTC possibility of going down, according to my calculations, is 68% meaning that the possibility of BTC going up is only 32%. The price is still trapped in a descending wedge or descending channel, the trend is your friend. I'll be posting both scenarios Crypto #Bitcoin
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I'm bearish on bitcoin at the moment, top of the channel. If it goes down to 6800 area and is able to find support I see bitcoin going for a run to 9000 in December
Ethereum is in a major ascending triangle. Ascending triangles are usually bullish. MACD is neutral and can explode at any moment. RSI and Momentum both look bullish
1st blood is nice and quiet. Has "big" announcement coming later this month and momentum may build into the announcement or may have a spike in price when announced. MACD is neutral, when it's at this level is when it has the most momentum able to push up or down and the moves are usually violent. Momentum and RSI are stationary on the midpoint and look to be...
1 minute ago Ethereum 0.49% 0.16% is bullish . MACD is turning upwards. RSI has bounced off the 50 level. The momentum indicator is moving upwards. Volume has been picking up. A giant spike in buying volume signifies a large accumulation of Ethereum 0.49% 0.16% , usually is whales loading up and getting ready to push the price higher. So why not ride the wave?...
Bitcoin is on an ABC wave theory correction. Once bitcoin reaches 5k area I will be long on bitcoin and project anywhere from 9k-10k Strong support at 5k, past resistance and 100 SMA meet at 5k. RSI is showing bullish divergence, where the price action made a higher low and RSI made a lower low, indicating a continuation of the uptrend. Uptrends don't go...
Litecoin isn't for the faint of heart. Currently, it had a nice pop from a major support line and then quickly found resistance and wasn't able to get through it. The Volume is steadily increasing. The MACD has made a cross and moving upwards, if it's able to cross over the midpoint litecoin is confirmed bullish. RSI is right on the 50 level and if it's able to...
A good spike in volume but not enough to get through resistance levels, false breakout? Usually, false breakouts occur right before the real breakout or reverse entirely. MACD seems to show that it won't reverse as its turning upwards and RSI bounced from the 50 level. When the RSI passes and bounces over the 50 level it signifies an uptrend could be in the works...