What do we see on the BTC chart: - RSI = low - Stoch RSI = low If you look at the shorts: - Going rapidly up - RSI = extremely overbought - Stoch RSI = same story - Bearish Divergences So: - Given the BTC indicators we do have space for another sharp drop like we've seen these past days. My guess is towards 6000/6200 range. - Shorts indicators saying...
Bear divergences & Rising Wedge --> Also on the Daily chart! Beautiful combo but it seems like a trend reversal is coming
Scenario 1 = Very optimistic view --> playing within the triangle Scenario 2 = Bubble Pattern --> making a lower low in 2018 --> Depression phase --> following up with Disbelief rally I really don't see BTC go to 3K, the market is not that bearish anymore so please consider not looking to fractals that much again
Bounced perfectly of the support. Made Bullish divergences and is going to test/try to break out of the falling wedge BTC chart is bullish aswell, so expecting some good moves on this one.
Stratis is at it's bottom now. Bullish divergences all over the place. Now would be the time to make an entry again.
Bearish divergences ignored and is heading up again. 56000 is very crucial for VEN. If it breaks this in the coming days you can expect another 60% increase at least for june.
2 scenarios, expect some small upwards movement After that: 1: it breaks rising wedge going to the 8000+ range 2: (more likely) falling down the rising wedge to test 7100 range again. If BTC holds the 7100 again --> very Bullish.
black lines are the big resistance levels small bear divergence on 3H and below, so expect a small pullback towards ~3622 line.
great support here bull divergent
1) broke out the falling wedge 2) Triple bottom on MACD - big bullish divergence 3) Bullish divergence RSI
So, I see a lot of people saying btc will go to 3-4k area. I don't agree with that people at all. Take a look at the weekly chart (TA wise): 1) BTC is currently moving within the symmetrical triangle (could be a massive bullish pennant) 2) All the lines you see are the strongest resistance for BTC, so far BTC holds it perfectly 3) Drops getting less...
What I see in a quick review: 1) Volume dropping 2) RSI is almost at it's bottom 3) MACD makes higher lows every drop, but so does the chart 4) red line is the important support line 5) Each drop becomes less aggressive, duration reduces. What I expect: 1) One more rally like we seen before in the last few months (1-4) a) (3-4) will happen really fast b)...
Looking at this chart VTC is almost ready for a different direction. The black line is the important one here. This is a massive support line, bounced of it the last dip and I expect it'll do it again. Why? 1) MACD is making higher lows while the USD price makes lower lows. A new bull divergence will be very likely once VTC comes in the green buy zone. 2)...
Today we could have seen a test pump. already broken out. 1: upwards could be very soon 2: some more accumulation time --> blue area 3: BTC crash --> ZCL crash Set tight stop losses.