BTC has followed a parabolic envelope (made up of parabolic resistance and support lines) since 2014. After announcements from CME and CBOE in mid-late November that futures trading would be launched on their respective platforms, BTC broke the parabolic resistance 26th November. This, amid anticipation of institutional investment entering the crypto-space and...
BTC's parabolic trendlines formed in 2014. These had been respected until the parabolic resistance was broken late November, amid announcements by CME and CBOE that futures trading would commence in early-mid December on their respective platforms. In anticipation of futures trading bringing institutional investment to the space, speculation drove the price of BTC...
BTC is under a momentary consolidation period and looks likely to continue its downward trajectory. Market sentiment has generally been dependent on BTC, so wait for BTC to reach a stronger level of support. First level found at 10000, with the stronger support at ~8200
QTUM has gone parabolic and the current retracement is about to hit the current parabolic line. This coupled with pennant formation and volume action would indicate an immenant breakout. Wait for confirmation of direction before setting orders
Triangular consolidation. Broken through ichimoku cloud and 50MA is converging on 100MA for bullish cross-over. Volume shows priming for breakout. wait for breaking of resistance line before going long
San has had a mighty bull run and has formed a rising wedge pattern. Traditionally this would indicate a bearish retracement, however cryptos are defying all logic. Retracement has formed a long lower wick indicating that bears are tiring. Wait for price to find previous support line before going long.
