Meniro

Meniro

Top chart is daily with SMMA 20, 50 and 200. Plus RSI. Bottom chart is the same, but hourly. After a nice bull run we've got a pull back. Likely we'll pull back further before potentially continuing. Current status: - Price has pulled back, we've crossed the daily 50 SMMA going *down* in price. - On the hourly, it looked like we might form a "power v" which...

Meniro

Top chart is daily with SMMA 20, 50 and 200, plus RSI. Bottom chart is hourly of the same. Over the past week or so we rallied nicely, but on the 25th we hit the 0.786 fib from the all time high in December, along with an RSI of 84-85. All combined, this created a price rejection and we've had a bit of a correction. It looked like we might get a 'power v' bounce...

Meniro Updated 

(Note: Chart is BTC/EUR - shows same trends as BTC/USD as BTC/fiats all track pretty much the same) So it's looking like we could have a double top for BTC/USD. This is very evident on the daily chart and the most recent candle - also clearly shown on 4 hourly chart too. If we break the current point of support- which is around $10700/€8700-ish, then we could...

Meniro

This is a further expansion on the previous idea () Chat is in Eur, but I'm showing relevant approx USD values below too. Blue lines are broad support levels (prior to Dec). Red lines are broad resistance levels (prior to Dec). Cyan arrows show a few potential scenarios. PLEASE NOTE: There are resistance and support levels in between the major ones I've...

Meniro

Just a quick bit of analysis based on previous support and resistance along with recent RSI. All on a 2 hour chart. (Chart is in EUR, simply as that's when I trade with on GDAX) We've just bounced off the $5765 resistance point and we're now hitting levels seen before the December jump in price. We've had a strong bounce, pushing RSI up from 24 to 40 (we'd also...

Meniro Updated 

I'm sharing my ideas with others as they seem to have been doing well, please do comment if you've got questions or general comments. No trolling please. *This is purposely a basic idea without too many technicals* based on pattern repetition. So, I like the idea of repeating patterns - lots of things create these, from market sentiment to habits of investors and...