Rejected from 20MA on BB's and now fallen below basis (middle kelt) on 2wk chart. Next best chance to re-try the middle BB & Basis will come after touch to lower kelt @ approx $5100. This is also where the 30MA is. Unfortunately thinking we see $5xxx before $8xxx. Range on 2wk candles is large enough for smaller plays.
1wk chart with Heikin Ashi has been pretty predictable. High reaching the close of the 2nd previous candle. Volume profile in sync with price action (good news for bulls)
Despite it playing out wrong (instantly as I posted it), last chart posted broke down a possible drop to $6.9k prior to a move to $8.3k The call for a drop was wrong apparently. If 1D chart can clear $7630 (above previous close, 7MA, Keltner Basis, Middle BB), it should be a relatively quick trip to low $8.3 range by EOW The mystery of the 6th of the month and...
Majority of reasoning on chart as to why a drop may happen but TLDR: Price showing bearish signs, although we are consolidating nicely. Should be in the $8.3 range by EOW.
Lower kelt support has held on 3D --> Next move would be to middle kelt @ $8.3k Stoch, RSI & BB% confirm this suggestion
$TRIG looking really good for a bounce in the next few days. Waiting to enter just above 900, targets at 1300 and 1900 after. 3D shown here but 1wk RSI = 22 and is hard to ignore.
TA literally wont tell you where and when Amazon will stop. There is BB bullish expansion on the 1M. Incredible.
Bounce off top kelt on 1M - will make a touch to 2900 by end of 2018
Large bull divergence clear on 3D across several indicators when using line chart (showing price at close) I don't expect a close below this trend line. That doesn't mean we wont see price dip below, but I think any touch below will be met with strong buying volume. Enough volume to at least try the top of the channel shown in the analysis.
Current @ 231. Going down from here. I don't like the sideways/historic aftermath. Supports at 210, 133, 75 If needed. If I'm wrong and we go up, resistances are @ 245, 258, 284 Volume reflects bullish sentiment, giving indication that a bounce will be potentially fun to watch.
Standard alt-structure with decreasing highs, and loads of selling pressure.
For various reasons, I recommend shorting LTC / staying out entirely until its almost to the levels needed to see a large bounce again. All the big gains in LTCBTC history have came at the end of a big plummet into the abyss, and we are on the verge of a new one now. This is healthy for LTC in the long run, assuming it maintains the bounce tred-line it's had since...
Monthly view of Silver, with one of the most bullish Bollinger Band squeezes that I have ever seen.
Findings show BTC is not repeating 2014. 2014 has bear divergence on weekly RSI. It does not appear in 2017. Also, historical weekly RSI cycles suggest we have reached price bottom and RSI is soon to reach its own bottom, already working on a new bull divergence.
Another bull case. Bears won't even know what hit them.
1) Geometry says we are wedging 2) Wyckoff says we are accumulating 3) Fibonacci says this is where it should go if #1 and 2 are true JP Morgan would likely agree.