RLCBTC 4H. Pumped even further right after Chico Crypto's uTube video the other day. Probably not a coincidence. In a nice descending channel. RLC has retraced somewhat now and is finding support at Fibonacci 0.5. Probably some upside from this level for a scalp but I am looking for a retest of trend line 'A' partly as I believe BTC is heading for 9600 and RLC...
Price broke trend line 'A' decisively and made gains. I sold too early at 13040. Had I been paying greater attention I would not of missed the formation of a lovely cup and could of raised my price expectations accordingly. Still, about 5% for me and the prospect of jumping back in - if we're lucky we just might form a handle for the cup yet... Trend line 'B' the...
Assuming RSRBTC advances and closes above 11952 I will open a long position. This may also put the closing candle above the 21EMA.
Looking at the possibility of a retest of 10775 where there is reasonable support correspondent with the Fibonacci 0.382 position. Also, price is under the 21EMA & in a bearish descending channel currently. The daily closed 21st July with a reasonably proportioned 'Shooting Star' on the daily. I'm looking for slight decrease in price from here to then springboard...
ETHUSD 1H. Is within a smaller ascending channel within a larger bearish descending channel, channels eventually break down particularly when trying to correct against a down trend & after price challenged several times the recent highs of around Eth at $250. This effort which weakened each time it tried has been rejected so far. Within the smaller channel the...
BTC.D. Falling wedge on the hourly. Precarious support identified with the boxes. Despie this I am expecting BTC to hold. Expecting some upside and ALTS to correct.
Looks short to me, I note price dropped out of the ascending trend line & appears to be trying to climb back in, but, on the 1Hr we have a nice bear flag forming and on the 4Hr we have a gravestone doji. My short target is indicated with the white arrow.@$7800.
Greetings. An update. Continuing early warning of trend line direction idea. The upper trend line based on close together touches appears to be playing out well. If Etherium can now navigate the green rectangle of S/R then Etherium @ $300.00 a very real possibility. This update relates to my previous published idea. Trend line first proposed on September 21st at...
Greetings. A committed learner here and I would appreciate comments. Upper trend line shows limited support at the top left start portion but sometimes despite the close proximity of the touches they still play out. We have a larger descending channel with an ascending channel moving within. This smaller ascending channel seen with purple trend lines formed after...