gingerbre4d

gingerbre4d

Welcome to this quick review of NEO/BTC We see that NEO has seemingly found the base of its H&S pattern from February, nicely coinciding with the 38% fibonacci level or 0.00700000. Note that the Stoch RSI is showing oversold and similarly on most hourly time scales. There is not enough momentum to push it up. If it does, some key levels are the 50MA (in green)...

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Jumping right in, we see that BTC has indeed fallen downwards, out of its bear flag. Still trading within the downward trend (in red), we are looking for the lower threshold of the long term support trend line (in blue). The MACD is printing a slight bullish divergence, signalling a reversal pattern could ensue. If history repeats itself, we should be...

gingerbre4d

Hi all. Jumping right into it, BTC has reaching the bottom of this big blue wedge. Seeing how it failed the reverse H&S and the psychological 10k barrier, its come back down to it 7200. I'd propose the idea that this may be 'scooping bottom' already. Looking at the RSIs, i'd say its rather oversold already. Taking a long position at this level is generally...

gingerbre4d

Welcome to this quick analysis of ICX. Diving straight into this, ICX seems to have been trading within an upward channel, printing higher highs and lower lows... I am leaning rather bullish on this set up for the following reasons, 1. We are sitting on the lower end of the channel 2. RSI is low 3. Stoch RSI is low Also note ICON's DEX is due to launch 30th...

gingerbre4d Updated 

Quick analysis of long term BTC setup. The latest blow to BTC was failing the huge 10,000 psychological barrier despite the reverse head and shoulders pattern. On a more positive note, we're seeing BTC build a strong support level at the 6000 - 6500 level. I would say the risk-to-reward ratio is generally favourable from this side of things. BTC has seen lower...

gingerbre4d

Taking a quick look at IOTA/BTC, we observe that a H&S formation has been printed over the past couple weeks. It has however found itself moving towards the green 50 Day Moving Average. The strategy here, Look for that 50% Fibonacci level, right around 0.0002000. If it doesnt hold, and closes a strong candle under this level, we should see IOTA to falter to lower...

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A quick review on LTC/BTC, we see that price seems to be, (1) consolidating within the red Fibonacci band (short term) (2) creating a large descending wedge (longer term) Levels to watch for, 100 Day Moving Average (orange line) has proven to be key resistance on 3 occasions, which coincides with the 23% fib level. Inversely, 0.01600000 - 0.01580000 has proved to...

gingerbre4d

The bearish case: We've seen the 850-900 range as a key support and resistance level for ETH. Given that ETH has failed at the 50% fib and at lower end of this range at 840, im relatively bearish on ETH. Also given the likes of NEO/EOS/ICX, being almost direct competitors to ETH, first mover advantage may be the only trump card that it has left in its arsenal....

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Simply put, ADA has just landed nicely at its 50% Fibonacci retracement, which coincides the support level on 25/04. Formed a 'double bottom' pattern (which is the inverse of what was printed at the 0.00004000 level), held strong on the longer term trend line (as indicated in blue), showing some signs of a reversal on the MACD, and oversold on the RSI. As a...