JamesRennie

JamesRennie

CRO has a lot of risk. The chart has fallen so far support is no longer clear. Personally hold CRO though at about 3% portfolio. I think at this point the most effective risk management I see is position sizing. In some ways this has become more about FA then TA. After following them for the last 3 years I am asking myself. After this drop is this project...

JamesRennie

Expecting this to bottom soon. Watching for trend reversal or retest of 100 weekly MA.

JamesRennie

21 weekly EMA is seen in this chart acting as support 7 times. Watching for price to break through this 21 Weekly EMA which will now be acting as resistance.

JamesRennie Updated 

Price got rejected at 0.618 Fib level and his since headed towards trend line where I expect we will put in a lower high. My down side target is about 55-53 but it won't happen over night.

JamesRennie

Price needs to move out of being over bought and set a higher low. If price goes below the previous higher low on the chart don't consider it an uptrend any more.

JamesRennie

Watch that price stays above these moving averages. Pros This company is getting results for example 300% up since last year in October revenue. They did that with covid-19. Big name partners include Expedia group and Trip advisor. Over 70% of bookings are in crypto so the business actually serves a real purpose Cons Countries still closed for travel ...

JamesRennie

Pros RSI and BSI showing November 5th could be the bottom MACD also signaling reversal Cons Candle pattern of higher highs and higher lows is not clear yet No break above physiological levels or any key chart levels I went long at 1000 sats a bit early but calculated choice based on risk reward. My upside target is 1.618 fib level of 7000 sats. ...

JamesRennie

Below is my case why alt coins can start to take back attention from Bitcoin 0.786 Fib rejection Trend line rejection RSI went over sold before price dip BSI also over sold MACD cross over and histogram has gone red now [*}Bitcoin fear greed index is at 90 extreme greed

JamesRennie

The longer term trend on BTC.D is bearish. Though it has gone a bit higher the I originally expected filling the gap previously left on the chart around May. I am now focusing on alt coins. I think a weekly close above this green trend line is unlikely. I am starting to see some altcoins make large double digit % gains in 24 hour periods followed buy loosing...

JamesRennie

It's looking for Bitcoin to hit support. A close below the 21 weekly or the support trend line is unlikely. It's unlikely that Bitcoin closes above ATH on the weekly chart. Though it could quickly touch there I would not expect it to last. Also some if the market were to become very fearful a retest of 10K could be possible. Though it's unlikely that weekly...

JamesRennie

This chart is limited in data but that being said both of these indicators aren't showing a clear it's turned around yet. Though they do seem to be pointing to that this has the brakes on and won't last much longer. This project has an amazing team. They have also entered the DeFi space while clearly no one was looking. OGN will now be the governance token for...

JamesRennie

Today we find out if Bitcoin will have it's highest monthly close ever. Yes even higher then 2017. Highest monthly close ever is $13880 we are currently sitting at 13761 as I am writing this. Though the price could make up that difference in under a minute this is Bitcoin.

JamesRennie

Watching this chart for trend reversal the trend is still down. Very interesting project with more recent addition of OUSD.

JamesRennie

I made edits to the Eliot waves. Not surprisingly the time line is a bit off. This could top anywhere between end of October and early in December. I expect a high probability of reversal before year end. Look at 50 MA lined up nicely with Fib level. I expect this to move fast and faster before it tops out. Sentiment is already shifting to Bitcoin over...

JamesRennie

100 MA bounce. Staying inside trend looks like about 1 month before this likely breaks out. RSI and MACD both showing signs this trend can continue.

JamesRennie

Fib Retrenchment is from weekly chart that's why it does not line up with anything. Appears to be a double bottom here. Resistance and Support lines on chart. Momentum is heading towards resistance. As long as we don't dip below support look for trend to continue.

JamesRennie

Bitcoin is struggling to break this resistance. With the sharp rise in price and the wedge still having about 7 days left. This could quickly dump to support line. (Hourly chart) A clear image of support and resistance on daily chart. The 147 daily EMA or better know as 21 weekly EMA. Historically 21 weekly acts as resistance in bear market and...