ADA went along for the ride with BTC today, getting pulled up above the 100 MA on the hourly chart. The resistance at .185 held it back and it dropped below the 100 MA again. This is a short term bearish signal. Setting up long term buys at key market levels using cost averaging to catch the dip. Looking for an over sell with RSI divergence on the 1H for a...
Looking at 1W Candles. ADA has found resistance at the top of the long term channel and is consolidating. There are several price levels that it could test again before moving back up.
Cardano has great fundamentals (sustainability, energy efficiency, resilience, decentralization, SPOs, delegators, gitHub commits, open source, governance, treasury support for future development, etc.) and will be releasing a lot of new features in 2021 including native assets and smart contracts with easy on-boarding for ETH devs. This along with the fact that...
We are looking at IOTABTC on the 1D Chart.
I Used some Fib retrace to lay this out. Buy zone looks like it could be around .000195 with a stop loss at .000175 (10% risk). Target for sale would be around .00029 (50% gain). We will see if the channel and retrace hold up.
When so many cryptos are booming, XMR is correcting. Looks like a good opportunity to be ahead of the curve and wait for a chance to buy in. If the trend continues, it looks like XMR will land in the buy zone around May 15.
Just noticed that the 50 MA crossed over the downward trend line. BTC jumped up immediately afterwards. My hypothesis is that the 50 MA on the 1D will now become strong support. If that is true we are looking at a correction down to about 8K, where BTC will find support on the 50.
Looking at the Hourly Chart.
BINANCE:ADABTC
Is in a upward trend channel. I Drew out a prediction of movement and Buy and sell zones. I have a stop loss set at .000032 -15% and a target at .0000475 25%.
We will see if this trend is long term and it holds out.
NANO has some serious potential as a currency that could be used on a large scale. If you haven't looked into it, you should.
So I partially transitioned out of EOS into NANO last night at .000919 BTC. Not the best time to get in, the risk to reward profile isn't as good as it would have been 2 Days ago. We are still way below ATH with an upward trend...
Just took a position in BINANCE:DGDBTC . It has settled on some strong support and looks like its in accumulation. I have my stop loss set for .0276 for a %5 risk of loss and looking for a target at .0437 for a %50 gain. As the price moves up I am going to move my stop-loss up.
Digix just launced their DGX marketplace, with gold backed DGX tokens. DGX is...
COINBASE:BTCUSD is nearing the end of the corrective phase. I am expecting it to drop down to the trend line that has held strong over and over again. There it will have enough support to brake through the downward trend that has been holding it back for several months. I am seeing anywhere between 7k and 8k as a good point to acquire for the next big bull...
BTC has bounced off of two support lines at 7.5k and is being pulled toward three lines of resistance at 9.5K.
Impact will be around the first of April.
BTC will hit 9.5k and fall back to strong support, around 7.5 or 8k.
What do you think?
If you look at the forecast I did for BTCUSD and ETHBTC you will see how this fits. I don't think ETH will claim its slot at #1 this year, but I do think it will touch it. Time will tell.
I can elaborate and show origins for some of these trend lines if anyone is interested. Otherwise I'll just leave it at this.
Looks like strong support.
ADABTC could fall back a little while BTCUSD has a growth cycle to 9.5k
Im expecting this to return to ATH sometime this year, possibly setting new ATH.
So...
Red lines are resistance lines and green lines are support lines. When price action breaks through resistance or falls through support the color changes to indicate the change in force (support becomes resistance/resistance becomes support). Dashed lines aren't as strong as solid lines. Solid lines have been tested multiple times. Generally horizontals...
So It's been a little while since NEOBTC has made a big push. It is right up against previous resistance and its been there for about 40 days. The 50 day has come up to meet its current standing. BTC has been on the way down and NEO is looking strong. Will it hold it's USD value while BTC drops a solid 40%? If so, its BTC value will go up significantly in the...
