Longer term chart showing support at fib retracement line. MACD turning positive while showing bullish divergence suggesting a trend reversal. Stoch RSI turning upwards, RSI deeply oversold, turning upwards, and showing weak bullish divergence. On a shorter time scale, we see the formation of a descending triangle. At its culmination, we can expect to see...
On weekly chart, price is reaching the bottom of a long term falling wedge while also reaching all-time lows. Daily RSI is oversold and looks ready to being breaking out of another smaller falling wedge. Possible double bottom forming. Buyers are now appearing on any dips near low 30s handles. Upon confirmation of breakout, easy 2-3x for long term holders. ...
Litecoin has caught my eye during the past few days... while most altcoins/bitcoin pairs sold off during the btcusd drop, litecoin has held strong. I have seen recent media articles questioning the profitability of btc miners should the price continue to fall... is fear in the air? What-if worst case scenario: btc drops below mining profitability, miners switch...
ETHBTC's downward motion appears to be slowing after a possible completion of 5 waves down, bouncing right at 0.5 fib retracement (dotted red) of the rise made from Dec-Feb. This fib line also perfectly coincides with the 0.618 retracement line of the fall from last year's peak. The 1D chart shows we are close to crossover of MACD and Stoch RSI . 1D RSI also...
Possibility for FOMO as we approach airdrop block 5,500,000. If exchanges announce support for airdrop, we could see major price spike. Currently completing triangle wave pattern. Price is respecting some major previous fib levels. Potential breakout of 2H RSI with lots of room to move on the MACD. Buying volume increasing, looking for continued upwards...
BTC oversold on the daily RSI for the first time since July of last year. Daily RSI has broken the first downtrend line (dotted), but still has a ways to go before challenging the next (solid). On a shorter timeline, a rising wedge looks to have formed with potential for downward break... we may not be out of the woods quite yet. Will BTC double bottom and...
DOGE/BTC looks to be on a repeat mountain climb, a favorite of many to move funds due to fast transaction times and extremely small fees. After retracing exactly 100% of this year's earlier moon mission, resistance was first found at 0.786 fib line, which then beautifully became support. Next resistance at ~80 sats, followed by ~100. 1.618 extension of the...
Cool down period after an epic run. Topping out at 1.618 extension of wave 2 in a massive rising wedge. Still think we go higher this year, but a correction feels due. Bearish divergence showing on shorter time scales, slowly building a short position on any spikes. However, as those of us in the cryptosphere know, rationality can always go out the window and...
Possible C&H forming in LTC, with bullish indicators on longer term chart. Reminds me of my STR chart from a few days ago. Opened a small position at the bottom of the handle, and will add more upon confirmation of breakout. If breakout confirmed, check next fib levels on longer term chart for resistance levels.
indicators turning bullish after 0.618 retracement, full elliott triangle wave. slowly forming position as price moves upwards.
While everyone was focused on the BTC crash / BCH moon last night, most coins took major dumps. However, there were a couple major coins that held their own and actually increased in terms of BTC. MONERO was one of them. Looking more closely, we can see that xmr has quietly passed the resistance set earlier in the month by its head-fake breakout. If the move...
Watching closely here at the end of this pennant which appears to be a massive bull pennant. I was short on this until it failed to crash after such an incredible 3x run, closed the position and currently watching. Keep a close eye on those RSI patterns. Planning to buy in to any breakouts, but watch out for head-fakes.
looking for a 5-7% drop on LTC to support line. very short term trade, not planning to sleep on this one.
Watching monero closely for a breakout of a long-term pennant. Movement and a close above 0.0193 signals a possible move to new highs. All indicators hinting towards bullish sentiment with room to run. Watching closely today, and planning to add on any dips.
Stellar could be forming a new falling wedge inside a larger long term pennant. Expecting a further drop before bouncing off support. Opened a short position at 670 after price stalled and revealed the wedge's resistance, posted earlier today here: Target price around 550-570. Breakdown of this Fib confluence could bring price to the low 500s until support...
the rising wedge appears to have been broken to the downside. interestingly we see a last ditch bullish attempt which stopped after hitting the underside of the wedge, support became resistance. this could have also been a single large player fooling some bulls into buying into his shorts. this latest quick rise on btc, possibly breaking out of its pennant...
lots of eyes currently on BTC after such a strong and significant move through $5k. not much pull-back after this rise, which increasingly suggests the move is not over yet. possible formation of a strong bull pennant also suggests further upward moves. lots of chatter on the internet expressing predictions of $6k+ BTC with suggestions of a run up close to $10k......