*******Warning the following text is NOT for the faint of heart. If you have a medical condition, please click away NOW!********** I believe the red candle identifies the indecision in the price action. Prices above the Point of Control have been shot down in recent weeks. I have to lean BEAR because that candle's lower wick is longer than it's topping tail...
XLM – WOW, LOOKING INTERESTiNG! Technicals -XLM went bullish on FEB 6, 2019. -Primary orange dotted trendline 3-data points (confirmed) -Secondary trend with 2-data points starting March 4, 2019. -Overhead resistance following the solid green trendline; 2-data points. -POC for this dataset = .0841xxx -Price has moved from the lower VP to the upper VP and...
XRP – Which way is UP! Technicals -Bullish Trend entered January 28, 2019. -From the January 28 low of $0.28524 to the date and time of this post high (March 13, 2019) of (High) $.33265, XRP has gained $0.04741 in value. -Note the long red candle on Jan 10, 2019, and the lower wick denoted with a green right arrow put the price at the current POC Node. -Note...
LTC Daily – Has LTC all but played out? Technicals -FEB 8, LTC formed a pole into a bull pennant and subsequent bull flag developing into an upper and lower trend channel. -The top of the flag (solid green trendline) has 3-data points (confirmed) denoted with the 3-downward arrows. -Orange Dotted Primary trendline is tracking long-term support, 5-data points...
BAT on the 4HR. Technicals: -5-Data points on the upper solid green resistance (confirmed). -Orange dotted trendline; 3-data points (confirmed) -Secondary Trendline – Dashed trendline changes price distribution from a bull flag to a bull pennant (3-data points (confirmed). The Pole for the pennant price patterns formed February 26, and the price has...
TRX 4HR Technicals: -Orange dotted trendline, 2-data points (trendline adjusted from previous analysis). -Trending in a Bearish channel -Overhead green trendline resistance, 2-data points. -Only the orange dotted trendline has been challenged. (BEARISH) -POC - $.025181 -White dotted reference is a hypothetical mean. -Two fibs tracking longer and shorter...
ETH 4HR, is there a trade here? Technicals: -Orange dotted Primary dotted trendline, 2-data-points on extended wicks. -Price distribution is spending more time below the POC then the above the POC (BEARISH). -There are two long red wicks where lower prices were probed and subsequently succeeded. Learn from this because this can happen as we probe higher...
Well, I am giving it my best shot. Old people are not nearly as tech savvy as the young minds, but we can definitely give it a try. Let me know what you think? I'll probably lose half my followers, but then that just makes room for the new guys! Keep an eye on BTC. The next few days are going to be interesting. Follow me on twitter. I will do another video on...
I am considering doing a weekly wrap up video on the charts I submitted for that week. I would do one (1) video reviewing all the carts I submitted for that week, analyzing what went right and what went wrong. I will explain why I choose the support and resistance levels; explain the volume profile with the fib retracement in greater detail, and go over possible...
ETH – 4HR UPDATE by BIFF Technicals My original orange dotted trendline has been breached rendering it as a reference only and has been changed to a solid support/resistance level. I have adjusted the new primary lower orange dotted trendline with 4-data points (confirmed). There is a green overhead trendline acting as significant resistance. 3-data points...
LTC – 4HR UPDATE by BIFF Technicals LTC is moving in a Bullish trend channel $5.00 wide. Price is overextended. Slight support at $56.60 Alerts on both upper and lower trendlines as well as all three long-term channels. Conslusion: LTC has been very Bullish and seems to want to hold prices above $50.00. Even with a natural pullback, support at $53.00 is quite...
XRP on the Hour Simple Review: I made some changes from my last hourly analysis – this is just an update. XRP price action is being distributed in a common price structure. The area of interest is the POC. I have explained in the past that the POC is where price will gravitate when price action fades higher or lower from a lower value node. I am seeing a...
Some thoughts: My chart covers a bullish trend channel beginning around January 29, 2019, to the date of this analysis and a price width of $.06, which has been a consistent trading range in my most recent reviews of XRP. As a swing trader using volume-based indicators, I look for the geometric price patterns to get an idea of future price action. In this...
Housekeeping I use green trendlines for overhead resistance price levels. I use orange trendlines for support price levels and to show price distribution patterns. I use an orange dotted trendline to indicate the Primary Trendline and a dashed orange trendline to denote the secondary trendline. My charts have a volume analysis bias. Indicators: ...
ETC 4-Hr Bullish Channel Housekeeping: I use Orange solid trendlines to denote support levels. I use an Orange Dotted trendline to reference the Primary trendline. I will use Orange dashed Trendlines as secondary or former (previous) trendlines. I use green trendlines as resistance and upper trend resistance. I use green dotted trendline to break into...
BAT, breaking out on the daily. Looking at BAT on the daily it has moved parabolically off the primary Orange Dotted Trendline. I am looking for more primary trendline support and, giving STRONG consideration to adding BAT to my portfolio. There is significant resistance at the green horizontal trendline $0.19869 as well as the upper green channel trendline....
BTC on the daily Housekeeping: I use green trendlines for overhead resistance price levels. I use orange trendlines for support price levels and to show price distribution patterns. I use an orange dotted trendline to indicate the Primary Trendline and a dashed orange trendline to denote the secondary trendline. My charts are volume bias. Indicators:...
TRON – Looking for Trendline Support Indicators: Fibonacci retracement Volume Profile Volume The data calculated Is contained in the chart area. If you expose the chart to more or less data, the Point-Of-Control may move to reflect the addition or subtraction of new data. Nomenclature: POC – Point-Of-Control is the price level for the time period...