GoodyErick

GoodyErick

I don't like what I see here and it's effect on the whole crypto market. Patience is key here, wait and see before making a move.

GoodyErick

We could be seen a major BTC -8.04%retracement if the technical break is confirmed once the sell confirmation line is broken. The retracement could be as far as just below the $7500 USD mark. A downward sloping confirmation line is a strong sign of a trend reversal or at least a substantial correction.

GoodyErick

Lots of people were surprised by the drop in BTC prices but it had been coming for days. The signals were clear, it had been showing convergence on the MACD indicator from the 8th, while prices were still going up, the MACD started to register lower peak values. Then on the 17th the drop begun with BTC touching the highest resistance peak for the second time...

GoodyErick

IOTA current snapshot at price.

GoodyErick

After spiking to $5.50 USD, IOTA dropped down to $3.50 USD. This week we might see a recovery after sell orders have been exhausted noted by the declining sell order volumes in the MACD indicator. IOTA needs to break the $3.90 to $4.20 USD to break out of the downtrend and make a recovery, It is a good time to buy for those who missed out on that last spike.

GoodyErick Updated 

IOTA Study, a false break out indicated by the declining volumes in Fisher Transform indictor meaning indecision between the sellers and buyers, the red line or sell line crossing over the blue or buy line indicates bears taking control.

GoodyErick

Ripple showing divergence on the 4 hour chart

GoodyErick Updated 

Looks like IOTA wants to break out, however the last few days it seems to have run out of puff and it's trying to regain it's breath before the run up. I would like to see volumes pick up a bit before going long.

GoodyErick Updated 

Possible double bottom pattern forming, due to volumes remaining high, there should be enough support at 3.06852 for the pattern to form, it might happen earlier.

GoodyErick

The use of trend lines and triangles in technical analysis