the dxy has created a falling wedge pattern that when broken will see some upwards movement. the bullish divergence and key level on the rsi trend shows that this is an interesting position for opening a long
should we ignore the rising wedge with falling volume? by all means we could push a little higher but some are calling ATH, i cant see it without a correction. correction being fall out the wedge and then restest the underside and see where market wants to go
pretty easy on monthly, downtrend is broken, another shot at resistance coming
wait for convergence on the diagonal break and long, closing above that previous wick suggests highs
must hold 3150 or we revisit mid 2s again. covid2.0 coming, lockdown etc...
3day diagonal trendline has broken, next candle to confirm but looks prime for a move up. bullish volume > bearish volume
you know what to do...
bottom of falling wedge on horizontal support with hidden macd/obv (and bottom bband). enjoy
3 interesting observations on the weekly $gvt chart: 1) obv/ macd for first time ever is above mean (blue arrows) 2) bullish divergence on #obv (yellow) 3) #ichimoku cloud has flipped green and rising
another push to 11s and then we correct back to 4 digits. if this is truly the bullish global asset then this will be the greatest bear trap ever, however i will play it as it is and be bearish until proven otherwise. a push to 11s first and then we drop, bulls cant lose mid 8s.
a 12h bitcoin close here will teleport us back to $11k, clearing the big yellow will resume the recent bull momentum, either way be careful with your alts exposure ✌️ 3day resistance block and 1:1 fib extension has me tragetting mid 11s
gvt seriously needs a miracle here. monthly needs to stay above the POC so need buyers to step in asap, failure to do so will need to reclaim another time. the recent pump and dump was straight into the monthly level when gvt first listed on binance after the ico. for party time with gvt a monthly close above 1800 (HVN & monthly level) is key for gvtbtc,...
ready to moon, fractal confirmed, both diagonal trendline phases have cleared. hvn ready to be claimed. targetting diag / ichi cloud for rejection
descending triangle breakdown that will lead to a 5% drop, should find support on the diag trendline and previous ATH top. healthy drop on route to 2300$ with next wave of covid scamatics
"IRS has a bounty on anyone who can "break" Monero's privacy. The fact that they have to pay for this just means Monero's code is brilliant. Further makes me bullish on privacy coins if the IRS doesn't like them" - not my quote break that diag in the next 2 months and keep above that HVN and POC then monero will see some gains
... hold here to regain the monthly trend line, this can be classed as deviation and optimum entry for continuation up and beyond. failing here with global factors like covid could serve a crushing blow to the dollar, will the fed allow it -- naaaa
as this is a bearish bat this does mean it will fall over eventually, so another chance for whales to offload at higher rates. expect a nice wick into that monthly close area ;-)
supply down, demand up. yes electric vehicles bla bla bla, tell that to the 100s of 1000s of ... of motorised products that need oil