Hello everyone! What a day BTC had yesterday! We broke the ichi cloud and found ourselves in the "dead man" zone between the cloud and the resistance zone. We saw a flash dump falling back in the cloud but supported excellently inside the cloud and rallied back upwards breaking through past all resistance straight up to the next major resistance zone of...
Hello everyone! Continuing where Pt 1 of our analysis left off, BTC has continued in our upward channel despite some sell offs! We have managed to climb up the channel and into the 1 hour cloud and subsequently breakout of the cloud (bullish). Post breaking out of the cloud we've entered a "dead man" zone. This zone is the area between the cloud and the red...
Has $BTC finished pricing in the ETF decision? I think not. I see a lot of calls for a drop in price in order to complete "correction" but not all corrections are diagonal some are are horizontal as the price oscillates between support and resistance, and this is what $BTC is currently doing. Examining Bullish Signs: Yesterday $BTC had a false resistance...
The cloud on the 2 hour chart is thicker than Mrs.Incredible. There is a lot of resistance ahead for BTC. On the 1 hour chart we're above the cloud but not by much. Still this is a positive sign that we're heading in a potentially positive direction. 4 hour and 1 day charts are showing btc far away from the cloud which means more potential resitance ahead. I...
A quick and easy trade idea coming out of EOS. We saw recent price action 2 days ago that resulted in a meteoric 48% rise. This in large part was due to the progress on the platform and the recent Dawn 3.0 launch. All great news coming from a major market-cap project. Simple and easy we see a continuation pattern of an ascending triangle! Breakout with enough...
Hello traders! Lets take a look at one of the more controversial coins in the cryptocurrency space, Verge! Verge has seen huge price spikes since in the last weeks due to the likes of the fundraiser as well as big partnership announcements. The question on everyone's mind of course, "Will it continue to rise and go to the moon?" I think its very likely that it...
Hello traders! Lets take a look at one of the more controversial coins in the cryptocurrency space, Verge! Verge has seen huge price spikes since in the last weeks due to the likes of the fundraiser as well as big partnership announcements. The question on everyone's mind of course, "Will it continue to rise and go to the moon?" I think its very likely that it...
Good News coming from the Lisk team and reevaluation of our lisk chart! Lets get into it. So yesterday I was looking at a C & H formation (see below) and traded the breakout from the handle. Unfortunately due continued BTC decreases, Lisk didn't quite make it to retest the top of the cup formation. I was eyeing a 20 BTC sell wall that was creating downward...
KEEP IT SIMPLE! Lisk has bottomed out reaching a low of 10.2k satoshi on April 2nd and then went a big 40% move over the next 2 days. It found resistance in the 14k satoshi area which coincided with a high wick from march 25th forming a cup pattern. After correcting for a day and half we saw a breakout of the regression trend channel (handle) signaling a...
All shall bow when the king moves! BTC is showing strong signs of bull days to come! Price movement is now converging with moving average as well as an increase on the squeeze momentum after a negative volatility period. I advise care with your altcoin trades as they will bleed when BTC is on a bull run!
Verge has found its support line after the huge drop post wraith protocol nonsense. We can see a classic Elliot Wave formation. Squeeze Momentum is increasing on the negative side meaning a positive movement is coming after a period of negative volatility. Additionally we see the moving average catching up to the price. All signs are bullish! Ride the 5th wave...