The recent LUNA, and UST fueled correction has driven down the price of BTC indirectly. EMA200 is flattening but not trending downwards yet. EMA50 is trending downwards. We see a consolidation for another 3-4 weeks. Indictors used: Demark, Stock to Flow v6, EMA's and volume at price
EMAs setting up nicely and bounce.
As 200 EMA has been uptrending since May, we have broken out of the range bounding and we expect more upside.
Following the slope of EMA200 to check if we are in the bullish phase or bearish phase. Currently the slope of EMA200 is slightly sloping upwards. Next target is 45K on BTC then a check of the EMA50. Absent world events like a cyber pandemic (internet is vastly shut off) I suspect that BTC is onwards to the path of $100K in 2021. Even if vast parts of the...
I looked at the long history chart for this one... -Bearish engulfing pattern -Hidden divergence on Stoch RSI -MACD is wide and increasing just about to turn. We are waiting for MACD, but there are a few pullback scenarios here at $7600 area and $7100 area. Watch those key areas.
Key technical supports hit. Pennant triangle forming on the weekly. Will squeeze to the upside. 5 count on the DM indicator for the downside (of 9 total), if the counts play out that is. Stoch RSI underbought MACD cross Always view SolarCoin with respect to what is happening in BTC. Because BTC is the dominant force that indirectly affects SLR...
ETC is approaching a previous support after a small bull run. If it breaks through that resistance and Stoch RSI and MACD crosses confirm, we are going to look for a good entry point for a LONG. Monitoring carefully in the next 2 days.
IF SLR stays in Bullish channel, new target. If not, then back to old supports.
SLR has been below Key Support for a while. Recently there has been news of the BTC Energy crisis, and mining centralization problems in BTC. Proof-of-stake coins will benefit, and not only is SLR POS, it is Proof-of-stake (POS) and Proof-of-Generation (POG) for 1MWh = 1SLR. So, if SLR does break up above the key support (0.00008 BTC) and consolidate, we have a...
Because we have a break of the trend, and are now firmly in the channel that was defined before the last few weeks of the mania phase.
SLR has currently broken the bottom of the long term support. If the upcount is not broken, the bottom of support will be reached.
If resistance is broken, we have a target of equal to the height of the triangle about 2,000,000 JPY. Stop 1,853,000 JPY
Info: POWR is like Air-bnb for electricity. Main focus in the Australian Market. Technicals are showing slightly overbought.
Target as bull run starts. Target: 0.00007851
There was the PBR pump last week. However BTC itself is surging since 17:00 JST yesterday. Entry 0.0041 Target 0.00345 Goal Short ZEN to buy more ZEN.
Demark combo implemented for the SLR/BTC pair. It is a sequential indicator. Best to use the sequential indicator with a 4 hour chart (because BTC markets are 24-7 markets), and also a 1 week chart. TomDemark Combo indicator implemented for Trading View.
Approaching long term support. Some large buys recently.