BTC Touching the Crossroads Nears 50 MA on the Monthly
The chart tells the story. Big monthly candle's upper end is right at the door of the 50 MA for #BTC. Big nod to the bulls if February candle crashes north of the 50 MA.
The decisions you make are yours. I'm just a guy looking at pictures. This is not advice.
Bitcoin appears to have printed a double bottom (bullish) on the daily, yet the price remains below the 200 MA. The trend of the 50 MA and the 200 MA are moving together. If the trend continues in this direction, We will be at a crossroads. The 50 MA could drop below the 200 MA, and print a death cross by mid to late June (bearish). Will this signal another crypto...
LTC has been around a while, but not nearly as long as his big brother BTC. Looking at the weekly chart, the LTCUSD pair made a golden cross early in March. Now the 50 MA is separating north from 200 MA and launching toward the ATH. It's still holding big brothers hand, but while everyone is FOMO over DOGE and miners are pointing their Scrypt ASICS to that crypto...
XTZ is showing a cup and Handle on the daily chart. This coin has been resilient to robust over the past couple years. This is really exciting to watch, affordable, and sound in its development. Let's see if this project follows the gazelles over the cliff, or separates from the pack.
Note: This is just a bunch of lines on a graph over time. It is not advice. If...
Three White Soldiers pattern forming. If this bullish pattern holds up on the daily we could see the ATH very soon. Daily RSI came down to the neutral zone with the Turkey Day reset. I theorize that whales were taking a little profit to catch some Black Friday deals.
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This idea is educational only. Do not buy or sell based on what I...
18 Months ago PayPal CEO was bashing BTC along with Dimon, Munger, and Buffet. Now look where we are. Banks and processors are capitulating. They stopped fighting and now they are piling in.
If the trend continues, we could see 17K
If you like the idea, click the like button. Keep in mind this is educational and not intended as advice
Looking at the 4 hour chart the pattern looks like a Head and Shoulders, but is it? There are a few thing to note:
On the one hand:
The Daily MA50 Crossed the MA200 - Bullish Setup
BTC Halving is ~3 months away - Historically Bullish
$500 bullish candle on 2/11 - Perhaps a small short squeeze or series of large buy orders getting executed
On the other...
Hello Traders, Bitcoiners, Hodlers and Chart Watchers,
Looking mostly at the Daily BTCUSD Pair:
On the current trend the 50MA/200MA golden cross will happen ~ 2/20/2020 - Within a week
The BTCUSD pair on the daily chart is showing a steep rising wedge that will break within a week
Xi Jinping Resistance ranges between 10,480 - 10,580
What is most interesting...
Please look at the weekly LTCUSD pair. Looks like it has formed a cup and handle. At the time of this writing LTC is trading at 103.71. The Weekly RSI is still in neutral territory. Perhaps the Orca's Blue's and Beluga's Have decided to move the LTCUSD pair 17% today.
This is for illustration and educational purposes only. This is not intended as buy or sell...
