


The strong volume we had on Friday has peaked my interest. And a massive drop on Monday would not surprise me. Either somebody is selling the top, or I am unaware of some logical reason for this surge of volume. It's never possible to try to call the absolute top without making constant predictions, but I would like to try. Monday will mark the end of the bull market.
REQ looks like it could 10x or more. I am very excited about this coin right now. But it all depends on what BTC decides to do. If we get a minor pump, that's all it will take for REQ to double.
The ETH/BTC Ratio has just broken through a 3 year trend and broken down from the Weekly 100MA. This was a major decision point. This will have a negative effect on all altcoins most likely. Could this mean a bull run for Bitcoin as people transfer their wealth into a more stable coin? If Bitcoin stays above 6000 that may be the case. On the other hand, if...
The Monthly RSI over the last few months went higher than 97 and 08! The yeild curve inversion. The Turkish Lira collapse along other fiat currencies. Unemployment is low. Very soon we will see a sharp market downturn. In the chaos I believe we will see that the bank bailouts from 09 will have only postponed the issues. This may be the biggest financial disaster...
Bearish RSI Divergence with a possible upcomming MACD crossover leaves me with a bleak outlook for bitcoin for the next few months.
With all this drama around Bitcoin, is LTC going to be looked at as an alternative?
This is a bit of a stretch, but i found the similarities interesting. My only concern is the macd going down. Will there be a dip to 380-340 before going up? If there is i will be longing that.
Could this divergence be signalling a slight uptrend before going down again?
Something to keep an eye out for. If it continues its downward pattern I will be shorting. If you see a problem with my chart, let me know! I am quite the newbie and would appreciate the advice.
After hitting the same resistance from Nov 2013 low we may see a large bounce that we have seen before. The LTCBTC chart shows a very low RSI. I can see a significant bounce in the works.
After having a quick breakout and violent fall, it looks like we may be having a lower high and keeping in line with our larger bear trendline. We may be heading back to the 270 area. I am a new trader. Take what i say with a grain of salt and please give me feedback so i can get better :)