I know it is sad to see but it looks like BTC is losing strength. This can be seen by the transition from Higher Highs (HH) and Higher Lows (HL) to Lower Highs (LH) and Lower Lows (LL). Not to mention that the RSI is showing weakness in buying power. There was also too much resistance in this 59000 range that could not be surpassed. The behavior of the market was...
I don't want to say it's going up, but it sure does look pretty good! Finally broke out of that large wedge towards the upside and is currently forming a bullish flag. As long as BTC remains stable and there is not any major news from SEC, XRP looks ripe for a big move up (hopefully towards previous highs around $3).
0x protocol has recently spiked due to being added to bittrex. From this news, it is clear that a bullish flag has formed and just recently touched the 50 fib retracement. It dipped below for a second but found support at the trend line formed before the start of the flag. The RSI is still in a bullish area. If it falls below the trend line/ 50% fib retracement,...
RDD is currently very oversold at the moment and the market overall seems to be trying to turn around a bit so now might be a good opportunity to buy in. Best entry is around 92, my target is going to be a hit on the downward trend line likely around the 115-120 area. I believe the current price is where the coin will bounce because it is right on the 78.6% fib...
Particl has been fluctuating in this zone and with a constant high of around .0038 but increasing lows. I have been watching the orders going through like a hawk and there appears to be some serious accumulation by big players over the last two days in this range. I have seen buy orders from whales being filled ranging anywhere from 5 BTC to 15 BTC meaning that I...
If it breaks above this flag, it could make a nice runner, if it falls below, watch for support around 40K sat. Im not a fan of the RSI and there isnt much volume but to be honest, all it takes is one guy with a lot of BTC to push this thing up. It also looks like a potential 5 wave to an elliot wave will form. I am also a fan of their project. Good luck fam!!
We recently saw a double bottom here at 32 cents. I would set that has a potential entry point or if you want to wait and confirm the reversal, look for a bullish divergence in the RSI or a solid candle breaking above the bearish trend line. Target is 50 cents meaning a potential 50 percent profit. Good Luck!
Hydrogenics is currently moving within a channel and has just touched what I believe to be the bottom, RSI confirms that a reversal is likely from this point due to a break in bearish trend. I will be looking to take profits around the 12.00 to 12.25 dollar mark. Good luck fam!!
Firstblood is performing a solid bullish flag with a pullback to the 23.6 retracement. It is evident that by the long wicks under this area that there is a lot of demand for it at these prices. Also, there is very low volume on the pullback meaning not very many people actually want to sell. This coin has reached price levels between 5X and 10X higher than where...
EMC2 seems to have found support around the 5000 range. Support is being held by the 78.6% fib retracement as well as the resistance of the very first bullish flag. I see this as a good buy opportunity to hold and see if it can break above the overall downward trend. The RSI is starting to look bullish and volume is starting to pick up a bit around these support...
Bitbay recently broke out of its downward trend and is now moving into bullish territory on the RSI. It recently hit a 100% retracement at around 1300 sat and it landed right along its overall trendline. Definitely keep an eye out on it for a break upwards. Best time to enter right now is around 1500 sat, First target is 1800, second target is 2000, and final...
If you want to try to gain a little extra BTC in this market, here is an opportunity. Expect DGB to hit the 50% fib retracement which falls almost perfect in line with the trend line at 403. On Bittrex, this is actually the 61.8 fib retracement and it is located at 416 so that is where my buy order will be placed. But just know that if Bitcoin does continue to go...
After Edgeless's recent spike, it fell as low as the 78.6fib retracement and is not sitting on the 61.8. It has already broken above the downward portion of the bullish flag setup but failed to reach a higher value than the initial pump. The trend line seems to be holding it up pretty and the RSI could easily move in either direction. Definitely one to keep an eye...
Siacoin just broke out of the bearish portion of the bullish flag and the RSI is looking beautiful, this could lead to another potential runup to new ATH. I bought in around 139 and I intend on holding this one for a while to see how high it can go. Possibly the next verge in terms of increase in value. Also, with Bitcoin starting to pullback a bit, this will be...
I sincerely hope that this is not what is setting up at the moment but it looks way to perfectly in line for it not to be a possibility. If this is a head and shoulders pattern, expect to see a bearish reversal starting around then 16000 level with a fall to around 8000. Good luck out there fam!!
I know this chart analysis is extremely simple but sometimes keeping it simple is better. I would be looking for a solid break above 3060 Sat. This is currently resistance and a break above would confirm a reversal in the RSI which is a very bullish sign. MACD is also in a bullish zone and climbing. So far I really like the look of this. If it loses upward trend...
So Potcoin looks like it is preparing for a reversal. I really dont like trading these low market cap coins put when an opportunity arrises, you could be looking at gains of as much as 1000% in a few minutes. The RSI on the 4 hour chart is moving in a positive manner, the RSI on the 1 hour chart has just broken its bearish trend as well as on the 30 minute chart....
So Enigma seems to have been in a bearish pattern since its start until a few days ago when it finally broke above forming a bullish flag. These are typically followed by multiple rounds of bullish flags and make for huge gains, it looks like it really pushing to break above the downward momentum of the flag and RSI confirms that a reversal is imminent. Just keep...