Hello! I noticed something interesting when looking at the BTCUSD and DXY monthly charts. Simply put, when DXY goes down, BTC goes up and vise versa. The DXY weekly chart has formed some bearish divergence on the RSI 14 close, looks like price might be ready for a correction to the downside. Do you think this could help start a crypto bull run? Thanks...
What up Crypto fam! I just wanted to share my idea that BTC may be showing signs of a reversal based on confluence of a few technical indicators on the Monthly and Weekly charts. Let me know if you have any comments or critiques! This idea is pure speculation and not financial advice. Orange – Monthly RSI 14 Close: At the top of each previous bull run you see...
Yo Crypto people! I wanted to share this idea about potential reversal targets for the current and upcoming BTC market cycles. Using RSI, trend lines Fibonacci extensions and retracements, we can start to reveal major confluences on the monthly chart. Do you think historical BTC price action will still be valid considering large institutions are more heavily...
Will Bitcoin continue its downtrend, or are institutions accumulating for another large markup? school.stockcharts.com
This is an update to my previous idea. Price successfully bounced at the reversal target and is now showing momentum and trend reversal to the upside. As price continues upward there are two key resistance levels to be aware of (R1 R2). The break and successful retest of R1 could send price to test R2, if price finds resistance at R1 a retest of support may...
This is an update to my precious idea UAVS has several indicators pointing towards confirmation that bearish momentum has reversed, and a new uptrend may be starting. Momentum – During the previous downtrend we see the RSI (10 close) hit oversold and find resistance at the mid-line. We now see RSI hit overbought while finding support at the mid-line. Trend –...
As the broad market continues to sell off, PLTR is trading in a descending channel and holding support in the upper demand area on above-average selling volume. Price is consolidating forming a falling wedge reversal pattern and may break out of the descending channel to the upside. Momentum – RSI shows a possible bullish convergence, the share price is creating...
The current bull run is still valid but based on a few technical indicators we may see some more price action to the downside before a continuation. There are several technical catalysts that may converge near or at the reversal target. Previous daily support, median line support, EMA convergence, and RSI hitting oversold (30). Momentum – While price makes a...
Many technical indicators are pointing towards a continuation of the current uptrend. Company has solid potential with its shake app, which is adding influencers every week. IMO the influencer marketing space is only going to get bigger adding to the potential upside of IZEA. But.. RSI has more room to fall before hitting oversold. The 50EMA is extended over the...
Price seems to be trading in a descending channel. The 12EMA and 50EMA crossed at the top of the trading range (also accompanied by a short seller report) which sent the SP into a downtrend. We now see a few indicators pointing to a potential reversal: Bullish Doji candle on the daily chart High volume test and immediate bounce off upper support area...
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Let's see how long this lasts. Looks like we are going to test the lower median line here soon. GLHF!
OpGen has gone through a complete accumulation cycle in anticipation of FDA approval for their AMR gene panel. During the last few days of broad market pull back, we see above average volume the downside holding support at $2.80 - $2.90. RSI on the 1HR is approaching oversold. SP has fallen through 50EMA we could possibly see a correction back to uptrend support....