Kijun Rejection and OBV bearish divergence. Tekan is target
SymTriangle Structure + RSI bearish divergence on daily charts. CMF bullish divergence failed. Right now we are facing big selling pressure. The price should stop on one of the supports. But if we drop properly, we can expect even 3k soon. datamish.com www.tensorcharts.com Use sentimental indicators to predict bottoms. Extreme bearish sentiment typically lead...
Buy 7600, otherwise no trade. Sell 1/3 at 20dma Sell 1/3 at H&S resistance Sell 1/3 at flattening 50 dma. Always use trailing stop/
Potential Head and shoulders. Price NEEDS to close below 8300 to enter the trade. Will update if the price breaks all the way down. Use proper risk management and stop loss for stuff TA can't cover.
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We have: - Potential Cypher/ Shark. - Approaching 20 and 50 dsma. Both acted as support resistance in past. 20 crossed with 50 recently. Bearish death cross. - Approaching 50% of retracement. - Potential rising wedge. If the price reaches the next resistance, great short opportunity upcoming.
Potential upside but we need more data. DEFINITLEY on long-term watchlist.
Expect small retracement here, but either. But this is a high-risk scenario. Over the past week, bitcoin has been dumped roughly at 10 p.m UTC 4. Lets see if it happens but entering long os not safe. IMO
Nothing that can indicate us for great reversal. Who knows what will happen but I'd not hold IOTA and alts for long time.
Pullback to 10000 then will see who stands bulls or bears. Notice wedge shape pattern, bullish RSI and MACD divergence. Lower trendline touch. TD seq. daily bear exhaustion. It probably won't fall under 7700, bears are simply exhausted.
TD hit 9. Falling wedge. Potential harmonic. Near lower trendline. Lest see what bull are about to do!
The price is currently in range. The overall picture looks the double bottom doesn't exist. Volume is too big. Looks like trap and we will see moon soon.
According to Elliot Wave Theory, to spot trend reversals we need to see higher lows and higher highs of the major trend. IMO, this coin is still in accumulation. Will try to spot another higher low of the trend and load there for long. But we need more data.
TD hits 9, high probability of pullback. Sits on very old support ETC/BTC Can either consolidate or drop back to support. this will really depend on what bitcoin is doing. I expect this pair to drop. And this chart is the main reason to wait. We are falling too fast and need the pullback. Not trade until bitcoin stops falling
If there are unusual volume and bitcoin tends to shoot, then alt correction is over and IOTA is in accumulation. Let's see if i'm right.
Recently I posted short trade on bitcoin but something came to my mind, what if the whole leg down is bullshit, whales just want to pick our stops and ride bitcoin without us on the boat? And my first question is, why the fuck, OBV made the bottom? This is bullish divergence by the way. And why OBV trend still holds? Long Term Log Channel still holds Next one...
To understand why, read related idea below. ETH/BTC chart developing fractal confirmed by negative volume. ETH/USD price broke through inH&S, currently in pullback and wants to reach resistance. Will it break resistance and reach neckline of the neckline of inverted head and shoulder - probably not, the price deviation is too big so I expect it to stop on...