Sometime you need a different perspective from looking at the same chart all the time. Inverted it and took a fresh look. I am now bearish 1-BTCUSD, bullish BTCUSD.
Hello Friends. We have support at the 50% fib at 500~ Sats. We also have support at 330~ Sats. There is however a nice cup and handle where the handle is a wedge. If it breaks up from where I think it will IOST will be at 1100-1200 sats shortly. Happy Trading.
IOST is surprisingly symmetrical. It has created an endless stream of cups and handles. The handles have always gone down to the bullish trendline and pop up to complete the next cup. This next cup should bring us up to 1200ish sats Happy trading!
EOS had an amazing run yesterday and this morning - even before BTC spiked - and appears to be forming a pennant here on this large flag pole. Resistance was broken with very high volume. The first target for this bullish rise is based on; the height of the flag pole which also happens to be the 50% fib at 11.26. The second target is the infamous 88% fib at...
There is bearish div and a bear pennant on ADA 1D. It should take a small dip the the 88% fib and then be off on an upward trend. Other Noteworthy items: - Volume at the moment is also horrible. - I like cheese
Happy Easter! Potential W bottom, TD Seq9, bullish div on RSI time frames (hasn't worked out well so far with this).
Hello, I believe I have found the support level for IOST. Happy trading!
Hello Fellow Traders, There appears to be a rising wedge formation on the DJI. The initial drop brought the DJI to the 38.2% fib line. If/When this rising wedge breaks down it should bring it back to the 38.2% fib. I am not going to foretell the future, but a retrace to 50% (22358) and 78.6% (19916.59) wouldn't be a wild guess. Let's see how this goes. Only...
Hello Fellow Traders, It is OK to laugh at this. This is an educational post. I am not trading based on this as it is very early days on this pattern, but if this unfolds then we would be looking at a very deep cut. A very deep cut indeed. If this bear pennant unfolds then LTC's target price would be $9. Feel free to comment.
It appears we have an Inverse Head and Shoulders pattern here. If/when we break this neckline we will have a short term target of $9,000. Possible pull back to $8,000 and possible attempt at $12,000
Hello Fellow Traders, It looks like the bottom is in for IOST. There are a couple of indicators that hint to the bottom being locked in and we are going to go up from here. 1. There is bullish divergence on the RSI 2. There was a second low that didn't break the Bollinger Band for the W Double Bottom Pattern Breakout is 541 Sats. Good Luck.
Hello Fellow Traders, BTC has produced a Descending Broadening Wedge pattern with D being locked in last night/this morning. It will be confirmed when price passes the downward trend line. Hopefully this bring us to 16100-16200 where we can either expect BTC to turn downwards for a little bit, or keep rising to 18200 area. I for one will be exiting if go well...
ETH has had a great run so far, especially on the ratio. Poppa BTC is about to wake up and ETH is definitely over bought. There are indicators that say ETHBTC is going to come down. Twin Peak on AO, Bearish divergence on RSI as well as the completion of EW wave 5. This healty correction should bring us to 0.0895-0.0879. Happy trading! Good luck.
BCH has been lingering for a long time. It now has a spark of life as it approaches the downward trendline. TA to note: 1. Increased volume to breakout from trendline 2. Bullish MACD 3. Bullish RSI 4. AO about to cross naught line. Put your order in after it crosses trend line for increased chances of success.
No one seems to chart XMR but it has has an incredible run that puts ETH and BTC to shame. Get in before it is to late as this puppy is going to be an easy 1K.
I am not going to call bottoms or tops, I just wanted to friendly point out the bullish divergence on RSI. This is a Class C Bullish Divergence. The price did not make a new low while the oscillator traced to a double bottom. This is a sign we might get a rise.
There is an opportunity here to catch a nice ride up with bitshares. There will be some resistance on 2/1 where it is expected to fall back a bit, but once it breaks this resistance it's going to have explosive thrusts