DREPBTC 1D. Watching and waiting. Although I am neutral Drep could well be consolidating a nice bullflag configuration here. Good local support including Fibonacci and also similar to the previous impulse to the upside - (both impulse candles marked with the arrow). Approach to the descending trend lines marked 'A' and price above the 50EMA will be further bullish...
RCNBTC. 1D. Slowly recovering from virtual capitulation. On support now and may well breach trend line 'A' from here. Worth watching for this as it should then have another go at the longer term trend line. When that finally gets pierced we should be looking at a good trade opportunity. Long term trend line corresponds well with Fibonacci.. The '$' sign is about...
ARKBTC4H. ARK broken out of trend and now retraced to test it several times and in the process forming a nice Bullflag. Nicely over the 200EMA and good S/L positions for a long trade.
STMXBTC 4H. Making Gains. Expecting 30Sats to becomes support soon, also looks like a cup and handle pattern, broke to the upside but lost momentum. I'm thinking it might try again.. Fundamental: I was perusing Yahoo finance and read a press release about StormX being the only Crypto based rewards scheme working with Walmart.
BTCUSD30M. In the course of my chart analysis I see this pattern more often than not. I call it the ' Wilting Flower'. It gradually rolls over at the top producing a gentle curve.
STMXUSD 1D. Progress made after the pump has been slow but solidly following the upwards trend. Reacted to BTC Drop.
STMXBTC 1D. Embarking its price action within the constraints of a neat ascending channel. Price has retraced to and closed at a reliable trade off Fibonacci level and within the bounds of the lower trend line. I have no idea what this coin does so I had best find out. Might get some rapid fluctuations with this coin...It's cheap! Buying here and setting a sell at...
AMPLBTC1H. Developed a falling wedge to what may be the bottom? Difficult to really determine as it's a new coin. I've added a bit to my portfolio here.
ARKBTC on the daily time frame. Looks to be accumulating within a what appears to be the formation of a bullish ascending triangle. Above the 200EMA by quite some distance which in itself is testament to ARK's upwards drive. I'm keen to see what happens when price meets ascending trend line 'A'. Arguably price action on the daily is in no-mans land for a scalp...
ETHUSD1D. Long in the very short term. With this significant impulse move to the upside as ETH has demonstrated it should at some point correct....Shouldn't it? If it does, after visiting around $450 I should imagine it will turn into a gradually declining channel to produce a glorious Bull flag pattern. Once that's unfurled I can see ETH achieving outer...
ZRXBTC. 1H. Nice break out of symmetrical bullish triangle. Not too much to stop this gathering momentum for some upside. 0x Protocol a seasoned & brilliant project destined to continue achieving excellent position within all aspects of the Crypto space.
RLCBTC 1H. Trendline resistance becomes support and on the 1 hour chart price may soon find itself sitting on the 200EMA. With this confluence of factors including horizontal support I am looking at a long trade once & if this candle closes above the 200.
I'm in and out with this coin for a little while and looking to possibly add more. On good support area above 200ema and breaking out of an ascending triangle. If it can close above the immediate support I'm adding a bit more to my RSR position. I can see this coin double topping. It has fared well against BTC's recent moves as well. Perhaps the coin is still...
BTCUSD 30M. Zooming in to see the price action detail. Creating a double cup pattern? The first one failed and as I write this BTC is still trying to go long. I don't think it will. But, I need confirmation. That for me is achieved if Trendline 'A' & 'B' are challenged and break. We have seen a wick down to 10808 and that I believe is a foot in the door for more...
BTCUSD 15M. Zoomed in here a bit to see what sort of pattern is being created by BTC price action. I see with my little eye a falling wedge pattern. But, I thin this will be a funnel to let BTC fall to support at 10800 and then to around 10300.
BTC.D. Daily. Descending channel variation. Picked out in green
I don't see a great deal of strong support for BTC.D at its current level, some stronger refuge to be found around the 60% region. My analysis indicates a touch of trend line 'A' is likely. It may well try to correct here and give us more of an indication as to what's next. But, I am mindful that we may be heading for confirmation of a falling wedge If 'A' is...
RSRBTC4H has found support at the Fibonacci 0.382.But, if 'A' proves to be weak and I suspect it may give way, we could be looking at an opportunity to scale in some orders at the 0.5 & 0.618 levels. See how trend line 'A' was once resistance & is now support? Let's watch this zone like a hungry hawk too, there could be a scalp trade in the offering there for the...