What do we have here?? XRP vs BTC chart on the weekly. The weekly RSI is telling me something different from what the SEC lawsuit is trying telling me. Although the scare of the lawsuit broke the divergence {that ultimately formed another one} it seems to have recently been restored to the long term trend. XRP has formed a lot of strength against Bitcoin and looks...
Energi has been on a 10 month bullish divergence against Etherium. The risk level on going any lower against ETH is very low IMO vs the upside potential is worth it.
Digibyte is showing a lot of respect to the 05.8 cent to 06 cent area and in my opinion is very bullish going forward for the next couple months. Targets to come as we move forward, let's make new highs first. Look at the historical resistance this area has played in the past and now has conquered it and flipped it to support. Your patience &...
This chart is against BTC on the 2 weeks. It shows patients could pay out very substantially mid to possibly longer term. The two week stochastics are showing a strong trend upwards that is still in early stages vs price action. Taking profits here are your own choice at your own liking although I have marked the major resistance levels.
SNX Vs ETH has been building major bullish divergence on the 1 day, 2 day, 3 day and the 1 weekly. In this chart we are looking at the bigger time frame on the weekly. The divergence is strong and should start moving very soon. My previous chart shows more profit taking zones. The link to this chart below, click to check it out. This trade is low risk with a...
Here in the chart we have Synthetix against the Etherium Price. As we can see SNX has paid a lot of respect to the 30000 level of Etherium. a hold there has 3x to the 90000 Eth level. If a move above 96000 comes and holds it as support another 3x is then possible at approximately 36000 Eth. If a close below the 30000 Eth level on a monthly chart happens, then a...
I won't explain what Elliot wave theory is here, but I will post a link for you to do the research on it if you are unaware here. www.investopedia.com In short cycles tend to repeat and Elliot waves is essentially how it's done. There are rules to how it works and what is required to be considered. (check above link for education on it) There is no doubt the the...
This chart simply shares an idea. It's not financial advice. Bitcoin looks like it want to make another parabolic move although we are not I repeat NOT out of the woods just yet. Having said that there is more weight towards the bull scenario with confluence on bullish signals.
Every Bitcoin blow off top has bubbled above this trend line in it's entire existence. Does it mean it always will? No. The question is.. Will it do so again? Lets do a survey. Thoughts down below A, B, C or D non of the above something else. (Explain your thoughts on D)
Lets take a look. Price goes up and indicator goes down you have a bearish divergence which means price should eventually follow. Price go down and indicator goes up we have a bullish divergence and the price should eventually follow. It's all on the same chart, break out expected soon... Which way? answers down below.
Here we have a chart of SNX on the two week chart. SNX has printed a dragon fly doji and has broken its downtrend. The RSI is also showing a bounce off the low. The target is $55 to $60usd. Also I have linked the original call for this SNX move that I made on June 30 vs Ethereum. Chart analysis = risk management Thank you
This trade alert has a potential of a 3,4,5 or up to 6x versus Ethereum. We are seeing a bullish divergence starting to playout on the RSI and a possible break out is due. Resistance and support are shown and can also be take profit zones as well. Thank you for looking.
Im not saying this pattern will playout as I have drawn but DGB is has lots of good things going for it. Too much to be coincidental for me. I will be paying close attention to DGB over the next weeks and months. Bull flags, cup and handle, trading channel, support and resistance and it all lines up with the RSI does as well!! Thank you for looking.
Taking a look at BTC on the weekly shows us strong support at 35k. Its dipped down below 35k but has continuously closes above. Last week was the biggest dip and ended up printing a hammer candle. Lets see if THOR finds this hammer and throws it at 100k. Weekly cross up on stochastics could prove to be very big when it does. The last time the stoch's crossed...
All major supports drawn in and holding well so far. Having said that, time may be running out on this consolidation dip. Capturing and holding levels with a break out of the down trend of the RSI could be the rekindling's of the next big move up. What we are looking for next. Break out above 38k and hold, then a move above 42k with a hold. Agree or...
Well.... here it is people, the simplified XRP chart chart you've been looking for. This chart tracks the movement of XRP since the Mexican beer crisis in March of last year. It will be interesting to see if it maintains it's growth over the next few weeks and months. If it follows suit the charting here shows another possible top around the second week in August...
Here we have the DXY again but on a bigger outlook from the weekly. What we see here is a strong support at this level of 90 to 89 on the DXY. Breaking this support leads to a fall to 80 and possible into the 70's.
The DXY has made some moves in recent times but is it enough to change the trend? Lets keep an eye on it and see. If the trend continues and it goes lower, Bitcoin and gold should keep trending up. Last year I made a chart titled "get out of the dollar" that I have linked here. Until this point it has proven to be a solid outlook but is it still the trend is the...