Given the bearish divergence on the weekly chart and failure to stay above the 200SMA I predict the price of BTC will drop to at least the previous ATH and test the support of it again.
Pretty self explanatory but I expect BTC vs USD to do the same as this chart soon and go below $20k
I think this is the most likely scenario at the moment given all the bearish signs including bearish RSI divergence.
Either at the 50MA (orange) or the support below it. I don't see gold going below $1600 because there's quite a lot of support including the hidden bullish divergence in the RSI.
Low volume coupled with some strong resistance lines, I'm feeling pretty pessimistic about bitcoin breaking upwards here. The price seems to be following gold which explains the low volume, this sudden pump doesn't seem natural and is likely to fail but we'll see.
There's lots of bullish signs in all timeframes for platinum to go up, especially on the Monthly. I have a good feeling about this often forgotten precious metal. I can easily see a 35% increase from the time of publishing this idea. I will update on the progress as time goes on.
Assuming we do reverse here at the 61.8% retracement of the drop from $20k, I believe we can go lower than $3.2k. This current trend is not acting like a typical bull market at all, for this reason I believe we are in a B Wave bear market rally that can actually go to $20k assuming the price continues to go higher. I will be following this idea and updating when...
Ravencoin seems to be in a great position to go long. Aside from my possibly amateur wave counts, RVN is on a support as well as being oversold using my version of the Mayer Multiple. There's also Bullish MACD divergence as well. Putting all of these together leads me to believe that RVN is a safe buy for now and I don't see much of a reason for it to keep going lower.
Pretty self explanatory, uses simple support and resistance as well as time resistance which influences the box's size. The time resistance zone is an area that we should see either a strong move, reversal, or even breakout. Either way this should be an interesting experiment. We can honestly go either way, up because a golden cross looks to be occurring on the...
Bots aren't the only ones who can buy in at the absolute bottom of a trend. If you look hard enough, you can find them too and set buy orders accordingly or mark those prices as possible future bottoms. Here is an example of that happening, it'll probably change the way you look at every trend and help you find key hidden levels in the future.
XLM has failed to bounce off of the 1.272 fib extension which by the looks of it is now acting as resistance. This means the next and final level of support is the 1.618 extension. XLM has been acting very bearish while all other cryptos are doing well and breaking though the 1.272 support is the likely culprit.
Looking at the weekly chart I've come to the conclusion that we're headed down. Lets take a look at each indicator. Aroon Aroon seems to be pretty accurate on the weekly and for those who don't understand how it works I've drawn arrows showing what it's done in the past and what effect it's had on the price. Currently the Aroon Down (which I'm going to refer to...
We are currently sitting on the 200 Weekly SMA which is one of the strongest levels of support. I believe we will pump up to at least 4.2k which is where the orange line on the chart is. We may struggle on the way up with the 21EMA (green line on chart) which could make the price drop a bit and form the 1st and 2nd wave of a trend. We could also move sideways for...
Based on Fibinachi Levels. Gonna test this for the first time, see how accurate it is, looks believable but I probably should have waited for the day to close but by the looks of the daily and 4h chart it might close at this level anyways.
Hello everyone! While messing around with some indicators I came up with this moving average line that is surprisingly accurate and easy to use. I feel it can be used alone or better yet something to add to your arsenal and give you confidence that a trend is about to happen. When the price moves and closes above the line, the chance of it staying above the line...