What's going on to Qtum? Quite a naive downward to the mantle? Looks like Qtum is forming an ascending triangle pattern. Can we wait for the trend reversal soon? It has been broken the long term falling wedge. it's a good signal for Qtum w/ this triangle. Anyway, everything depends on BTC's direction. Keep watching. Good luck.
EOSUSD has a good signal for the upward market. But at the same time, it looks like it has a bearish chart pattern also. In case of the successful completion of the symmetrical triangle, EOSUSD might reachs to its 0.618(USD 9.1) near its 200MA. But in case of the confirmation of the possible double top pattern, EOS might falls down to USD 1. At this phase it...
As you know, Serial LL & LH means downward trend. We are at the downward trend now. I see double top pattern has been repeated many times at BTC market. Anyway I think BTC has to break out the previous double top patterns neck line for the trend reversal. Good luck.
Quite a simple symmetrical triangle. Wait for breakout its' support or resistance. - if BTC could breakout its resistance(yearly downtrend resistance = symmetrical triangle resistance), it could go up 9000 or so. - if BTC couldn't make it, BTC could fall down to around 4K by falling wedge. All we have to do is just wait for the confirmation of the...
Boring but very important days to find BTC's next move. Falling wedge vs. triangle short term upward trend vs. long term trend still dominated by the hidden bearish divergence I hope you guys be rich. Take care.
Wee need to check out some other neighbors such as DOW, Nasdaq.... Yesterday every stock market made some dump with the rising interest rate news. I wonder BTC could make its own bullish market without any influence by the rising interest rate. Anyway BTC is trying to keep its price just above the short term uptrend line. Trade by your own strategy and be...
I still have very pessimistic view on BTC USD. But this is the very optimistic short term view. BTC USD is just on the main yearly downtrend line(Blue line ; Top to September peak). If BTC try to sustain is price above the downtrend, it would makes some sidewalk or correction just over the downtrend until it meets the short term upward trend...
Another Bullish divergence occurred. Can it boost BTC to 6615 or more over? Strong down trend is just above us. Let's see its direction. Good luck.
Broadly, it looks like double top pattern and it means no good sign. Anyway, some bullish divergence occurred in hourly chart. Can we expect 0.618 bounce up? Good luck.
Trend tells a lot to us. Of course we got rather strong uptrend these days, but do not forget the long term trend is far below us. IMO, we are just standing behind the failed uptrend now. It's too early to spend all you have. Anyway, keep your SL strictly then you probably win the day trading. Good luck & be rich. XD
MM looks like draw the guide line. 1. Brown dot is the line from the all time top to the peak of July. Now the price ts trying to keep the brown dot. It would means rather strong upward signal. The price is on the upper side of the downward trend line from the top. 2. MM is trying to keep the Blue dot line also. That means MM shows us some strong support...
Bullish divergence & 0.618 retracement = worth to take some risk? But I'm still waiting my position. I'm just a timid little bear. XD Good luck