KeepItSimpleStupid

KeepItSimpleStupid Updated 

LINK/BTC is retesting the support after it broke out of the ascending triangle. MACD and RSI on 4h chart are oversold, so we can expect a short consolidation above the support line and then the continuation of the trend to the up side.

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ETH/BTC is forming an ascending triangle, we should be looking for a breakout to the upside.

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ChainLink broke the ascending triangle on the daily chart and is now looking for support. The uptrend should continue after retest and consolidation.

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Ravencoin is currently in "accumulation zone" and bouncing between support and resistance. We are waiting for a potential pump as has happened before when it broke the resistance. Buying on support at around 280 would be a riskier trade since the pattern looks like a descending triangle, but we will buy if it breaks the resistance above.

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KNC/BTC had a nice trend reversal by forming a rounding bottom on the daily and weekly charts and moving towards resistance. Potential Cup and Handle or Reverse Head and Shoulders patterns might send us higher.

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Very simple, clear support, clear resistance. Buy low, sell high ;)

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Today I am looking at 21 weekly MA and 21 weekly EMA on the LTC/BTC chart. The last two times the 21 EMA crossed above the 21 MA, we bounced from the long term support and started a bullrun. The cross happened again a few weeks ago and it seems we bounced from support and are on track to make a move to the upper trendline, which acts as resistance. Depending on...

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Disclaimer: This is not trading advice! Trade at your own risk! After breaking the downtrend Bitcoin found support at the retest of the trend line and 200 daily EMA. We bounced from support and broke through the 200 daily MA which is very bullish. Next major targets are 10.300, 14.000 and finally retesting the all time high at 20.000.

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Disclaimer: This is not financial advise! Trade at your own risk! As we can see BTC broke the long downward trend and retested the trend line which is acting as support. At the same time we bounced from the 200 daily EMA and now trading below 200 daily MA. If we are to break the 200 MA and see the two moving averages cross in the future, we could be on our way to...