The bullish divergence on the selloff played out. the bearish divergence on the smaller timeframe played out also.
I see a slight hidden bullish divergence on the 30min, along with a bottoming pattern formed by a upward rsi trendline but with the same price.
At this point i'm just guessing like the rest of us. But i do believe these are viable.
Ambrosus had a nice first cycle. Very bullish runup! Good project with lots of news coming. Chart speak for itself. Red zone's are selling points, but only if YOU wish to do so. I see a bright future for Ambrosus. From technical and fundemental perspective. this is not advice. do your research, never sue me pls. You know the drill. Anyways. cya!
The gains that are possible.... XLM LONG= safe stuff. goodluck everyone!
This is one out of two options. I believe we should have reached around 11k before another big corrective wave. But its always nice to get multiple angles. Check my account, ill post the daily and my thoughts on it aswell.
Did alot of people get caugt in this massive 'fomo' reversal? Or are we actually uptrending. Here's an interesting idea. We also got heavy rejection on the 55 ema. Goodluck trading all !
Text is in the chart!
There are multiple interpretations on how to see this current correction, and all are wrong, and right at the same time. Here's another valid (in my view) view on the future. Institutional investors need the price to reach a certain low, so the panic selling begins, and they can buy bitcoin without driving the price up too mutch. Almost the same as how a bank...
Storm saw a very bullish runup and is in correction phase right now. In the chart you see a clear ABC corrective wave, after which a new impulse wave failed, describing the whole as a double elliot combo wave. After that it failed another impulse, now regarding the structure as a triple elliot combo. For a buy i would wait for the retracement to the 0.236...
Ellooo, lets do this. I highly doubt neo would retrace back 100%. So i either bet on the 0.236 or maybe a couple of my secret red line's in that neighbourhood. good news. If neo manages to stay on the radar, and doesnt retrace into oblivion. There are high goals to be achieved. Will update it with some EWT when i want to. Tired now. Ok. Never trust me, or...
Qtum is entering the oversold area on the RSI, its on a previous support on which it had a nice bounce. The lowest support of qtum is still yet to be verified (by a 2nd attempt?) so be carefull entering. Use a stoploss. There's a decent risk to reward ratio.