Current activity current price hit resistance @ +/- 65EUR and bounced off 1H: SMA 50 / EMA 21 crossed in the 1H interval, price action hitting the EMA 21 from underneath 2H / 4H: hammer and indecision patterns 1D: indecision candle stick pattern Potential scenarios 1) sideways action, before moving higher (move closely...
As already posted a year ago, most coins are very tightly coupled and spreading money across them, is just an illusion of risk management. I don't pretend to know much about trading nor analysis, but one could ask him/herself the following question: for such a diverse variety of coins which all try to solve some kind of problem in their own way (and each of them...
Almost completed C leg of BAT pattern. If the pattern continues, might see a nice leg up. In addition might bounce of S1 pivot with a double bottom.
ETC is entering wave 5 which will most likely make a push towards the +/- 33 EUR resustance zone, as this is a major fib cluster
Several indications that might suggest that BCH is getting ready for a move in the not so far future. We have a wedge formation in place nearing final completion. We are currently moving sideways between a longer-term and shorter-term fib support/resistance level in a very tight price range (consolidation?). In addition we have arrived at a level that can be...
Similar pattern as currently bouncing of a double support level and most likely progressing upwards in the short term to the next resistance level mid-term seems to be still down trending from where it could develop upwards. If history/patterns repeat(s) we might see a large breakout soon. I personally am a believer in what Ripple is doing. and where they are...
First attempt on EW. Currently progressing in 3 until most probably next fibonacci level, 4 will be irregular flat-ish retrace before continuing towards 5
After recent developments, its obvious that risk management is everything. "spreading risk" over multiple currencies might just be an illusion.
The recent corrections for Bitcoin might just be the start of a larger and longer-term downward movement. Zooming out to a 1W time-frame, we can see that a potential MACD cross-over, together with a loss of momentum below 0 might signal a trend reversal.