HackneyCrypto

HackneyCrypto Updated 

BTCUSD showed strength last night by breaking upwards despite having a double bearish signal of a rising wedge and a (slightly) divergent RSI. The volume increase was also significant. It found resistance at 12740 (blue horizontal line) which has acted as a previous support on 4 previous occasions in 2018 - so will prove to be a strong level. This is also the...

HackneyCrypto Updated 

ETHUSD is showing mixed signals Bearish - Bearish cloud crossover - Rising Wedge - Volume is slowing down Bullish - RSI is in a nice consistent uptrend and not signalling an overbuy. - Price moving above the Kijun Sen - Last 4 bars have all been upside (no lower wick) Let's see how it goes. Most likely move is sideways. If price finds support on the Kijun Sen...

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General RSI Indicators applied to the ETCBTC D chart (where present). This helped me in taking in the lesson below from Crypto Cred. I hope others find it useful. Source Used: Thanks Crypto Cred!! www.youtube.com www.babypips.com

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See Notes on chart. Thanks to the resources used to create this - also listed on the chart.

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Reviewing the past 5 major BTC price corrections it is interesting to note that the crash occurred consistently when the price deviated about 60% from the 200 SMA. The crash in Mid December happened when the price was a staggering 75% above 200 SMA. Even when it recovered there was still a 34% divergence. When this started to climb again above 50% divergence this...

HackneyCrypto

MACD and Volume also need to improve. If finds support around .0002383 (upward trend line) and volume is good then buy signal. Target 1: .0002788...(Sell 25%) Target 2: .0003101... Target 3: .0003420...(Sell 25%) Target 4: .0003870...(Sell 25%) Leave 25% ridding for HODL fund. Good coin with strong fundamentals. Target 5: .0004470... (All TH) SL: .0001745 RRR:...

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We are seeing ever higher lows however we are still struggling to break above the 0.382 fib plus we need more buy volume. Market sentiment still seems unsure perhaps due to the imminent Futures contracts (18th/19th?). Will probably move sideways and within the 0.236 & bottom trend line for some time. If it breaks above the 0.382 with volume increase this will be a...

HackneyCrypto Updated 

It's been a while since XRP broke through the cloud. Buy signal. If senkou span provides good support it could be a signal for LT uptrend. Buy: 0.174 Stop loss: 0.16 Target 1 - 0.197, Target 2 - 0.229

HackneyCrypto Updated 

Signs so far: 1) Tenkan Sen / Kijun Sen Cross (neutral bullish as in Kumo (cloud)) 2) Kijun Sen Cross (neutral bullish as crossed price in cloud) 3) Senkou Span Cross (neutral bullish as price is in cloud) 4) Chikou Span Cross (lagging line - weak signal as price below Kumo) Wait for Kumo Breakout (price to leave or cross the cloud) Volume remains strong. See...