dereckmezquita

dereckmezquita Updated 

Litecoin has been bleeding out slowly but surely ever since it reached all time highs. This correction was normal and in fact maybe even an indication of what came to be later on a major correction in BTC. For not BTC is slowly recovering, this recovery is however not certain and the market still has to decide between a bear market or a bull market. Recent...

dereckmezquita Updated 

XRP having grown so much over the past few days, weeks, month is actually pretty difficult to study. We can have a better view of it's price action and possible movements on the log scaled chart. Let's dive in. It seems that XRP has been in a downward trend since it's all time high, as expected and much in the same way that the whole market has. XRP broke...

dereckmezquita Updated 

I have two trend lines drawn on my chart, seems that BTC has respected these two infallibly. Great volume has support it at the 5,9k level and at that point MACD was crossing! So up it was. It seemed to have formed a flag at one point I called this in a previous post but the breakout seems to have failed. We were stuck firstly on the fib level which coincides...

dereckmezquita Updated 

Looks like BNB coin has been in a downward trend for quiet a while now. It seems to have found final support on it's 50 EMA and the 0.5 fib level despite many other coins including BTC having broken their own 50s 100s and even 200 EMAs! So BNB is actually not look that bad. It seems the MACD is just going to flatten out over the next few days and the RSI seems to...

dereckmezquita

In a previous idea I had posted that DGB was forming a possible head and shoulders, which it did. Was the neck line violated? No it was not. How is DGB looking now? Pretty well! It seems that on the 1h DGB might be forming a possible bull-flag, this is of course hypothetical and just wanted to share some positive news. Please do not trade on this information as...

dereckmezquita

I've been watching BTC for a while, yet I have not shared any of my ideas on it because I am still learning and unsure. I will however start with this one. BTC seems to be having a very difficult time breaking out of it's downward trend and above the 200 EMA and a consequent fib level at 0.23. However, BTC has been showing a positive trend as of late and good...

dereckmezquita Updated 

Love this coin, show massive potential. Pick it up when it's cheap. As you can see DGB has presented to us a massive head and shoulders pattern this is not to be ignored. There seems to be some support on the 200ma and on the respective fib retracement level. This however, will not last very long. With bitcoin and the market as a general having taking a beating,...