Well boys and girls we may have thought we were naughty with this year's impressive bull run and that Ol' St. Nick was bringing us coal. Well perhaps he still is... But should he come to Crypto town this year I think based on last year's 20% run we could guess it would line up nicely with the next two fib lines giving us between 20-30%. I think anything...
If we close this candle in conformance with the broken Ascending Triangle support it's clear confirmation of the reversal. Not financial advice.
As you can see the Ascending Triangle support was broken and a bear flag has formed. Rejecting the fib support here would likely see a more complete retrace. Not financial advice.
Volume has reached an all time low for the year My gut tells me that whales are looking for as cheap a re-entry as possible, possibly the 1200 range support. If you're living under a rock you maybe missed the slated August update that will burn ETH during transactions and the eventuality of phasing out miner rewards as we move to PoS and away from PoW. Not...
Well OHM is in the news because Mark Cuban has decided to stake a decent chunk. I think this one holds promise based on the fundamentals, especially during a possible correction or bearish continuation in the crypto markets. Why? It's basically poised to become the DAI version of the Federal Reserve. Also we can see some strong support at each correction...
Decent entry point right now got GRP. Targets should be obvious as well as SL at 0 fib level. Watch for BTC correction, markets are very high risk right now. Not financial advice.
Interesting correlation between local bottom and opening price level. Recommend waiting for the local high to form, it's a long way down to $0.20 but I imagine it will go quickly if that support level is tested again and fails. Was fun to get some free money printed though 😂
A decently strong trend is forming. If bullish trend holds we could test $670. If DMI continues to indicate a bullish trend the breaking of $670 may be contingent upon bitcoin breaking a new fib zone that it rejected off earlier in the hour. From there nearly $800 might be realistic with a BTC continuation. BTC DMI still indicating a fairly strong bullish...
Trade with caution and a plan. I'm long on ETH. This is NOT financial advice!
Last prediction was accurate, this one is a bit early to call.
Things are looking pretty good to go long on ETH. Trade smart, make a plan and stick to it.
I hope everyone gets what they've wished for this year. Well 2020 is coming to a close and I just thought it would be on par for some ATH shenanigans of 25k in the 25th for xmas. So there it is, the de facto chart for a very merry Bitcoin Christmas. Enjoy 😅
Based on slowing bearish trend my bet is on bullish continuation. Good luck and remember to use analysis better than this random amateur's opinion and to manage your risk!
Seems pretty reasonable that an Inverted Cup and Handle pattern may form giving us one more potential to test resistance in $600 zone. I'm guessing the bears are going to be running this show for the time being.
I'm seeing that we've had a bearish breakout from the local Ascending Triangle while potentially remaining bullish in the longer term formation. It seems like we will either see a retest of $620 if we remain above the trend line in the larger formation, however time is running out before the bears will win out. It seems there is a moderately strong support line...
Any one else see a bullish breakout on phase 0 launch with a H&S fakeout? Not sure I have the date marked precisely enough. Interested in your thoughts about how this will play out. I'm a novice so you should be extra careful about not mistaking my analysis for trading advice.
It would seem to me $LINK is missing a right shoulder and might be a little risky right now. What do you think?
Hello! I have literally no experience and I'm just trying to practice but extrapolating on the analysis of others it appears to me link is currently testing a crucial resistance zone. If it S/R flips maybe it will test a few more possibly the critical golden fib, but it seems far more likely to me based on lack of momentum that it will at best test the 21 week...