I was probably too generous with the previous SL. Moved the SL a little higher, to the 21 EMA on 1D chart, which is around 4,9 - 4,85k Sats. The new SL aligns also with the 200 EMA on 4h. 4h: Last time I forgot to look at the Fibs, 0.618 Fib is another confluence for the 4,9k price zone, imho.
So far it resembles an A&E, but according to books it isn't perfect or very likely isn't even a A&E bottom. Nonetheless, WTC seems to be ramping up. A break and confirmation above 6,9k or 7,9k Sats would make me really bullish. Bearish or neutral if we go below 4,7k again. + 1D RSI is above the bearish zone and closer to the bullish area + smaller TFs show that...
Just to show that the green cloud is building up, I know that I'm ignoring the bearish TK Cross on the 1h, that is concerning, but still taking the bet and hoping not to get rekt. The trendlines from the 4h look misplaced on the MACD & RSI.
Lisk is currently another one of the coins with a bull div. Although the amplitude on the oscillator isn't that strong, which isn't a sign of strengh. But nontheless I take the gamble here, and gone long. Beacuse if the price drops further it will increase the amplitude and oscillator. Another factor why I'm bullish on LISK now is, the possible upcoming Kumo...
The chart shows a regular bullish divergence on the daily. A similar pattern could have been seen on UBIQ a couple of days ago, that's why I'm guessing that the price of ADX might rise a little further.
The past patterns don't have to repeat themselves, but think this looks somewhat similar to IOTA in September. A further drop of 60% would be harsh, but if people are seeing $BTC to drop back to 4k. IOTA dropping another 60% isn't that impossible.
Looking at the 1h chart, there would have been a quick ca. 10% gain possible, definitly would have taken some profit I had made the bet. But not everything, since the shorter TFs are still bullish (= bullish cross). Cautious and waiting to see if Kijun resistance at 0,0031 will be broken or if it goes south the Fibs holding as support. Think there were many...
My current assumption for $GVT is, In the D chart GVTBTC has a nice hidden bullish divergence and in the 4h chart a bearish cross between EMA and Kijun Sen. Looking at the 4h you can see that RSI is oversold, last time the RSI was this oversold was in December. The Kijun shows that price currently hit a strong resistance level, there might be an opportunity for...
OST-Simple Token, I'm a bag holder and is one of my coins I'm long on, so I'm biased when it comes to this Token. I'm not certain, but think that this could be the bottom for OST. Because: - seeing a reg bull divergence, weak one but nonetheless - support around 2130 Satoshi is still holding - IF the support doesn't hold I'm setting my next support line at around...
Sentiment has changed seeing a Hidden Bear Div in the 1h & 4h Chart. Sold my position before it might go worse.
Cardano is just in a range of oversold that I'm guessing it might go up again. This scenario on the 4h Chart only occurred once in the past and then it rose +30%. Obviously it isn't guaranteed that the price will move upwards any time soon. Couldn't find any other bullish indicator at the moment. ( but looks like a good entry point or accumulating further ADA...
For the moment I'm bullish on BTC, because the of the hidden bull div and two (smaller) bull fractals in a row. The 9 to 50 EMA is currently bullish also, combining all the three indicators I'm hoping the price can move and close above $11200.
First of all, I'm still new to TA, so there might and probably are mistakes. But I think IOTA 4h Chart has build a hidden bullish divergence. Hidden Bullish Divergence: - Price higher low - Indicator lower low Link to Cheatsheet: www.babypips.com