pc_wave

pc_wave Updated 

BTC is above 50MA and reaching the 200MA, while main altcoins are struggling below the 50MA. I'll post the alt pictures below as i don't know if we can compare charts side by side in tradingview. This shows quite clearly that BTC is more 'advanced' than its peers in its cycle. To me this suggests an altcoin phase about to come, even if BTC goes down to test the...

pc_wave Updated 

BTC has shown extra-ordinary bullish behaviour in comparison to other coins in the market, with little retracement at all in the past 10 days. This may change soon: the 4h chart is showing a bearish divergence. The 1D RSI shows no divergence but reached overbought, which hints that despite a retracement, we'll still go higher in a few days time because of the...

pc_wave Updated 

BTC has shown extra-ordinary bullish behaviour in comparison to other coins in the market, with little retracement at all in the past 10 days. This may change soon: the 4h chart is showing a bearish divergence. The 1D RSI shows no divergence but reached overbought, which hints that despite a retracement, we'll still go higher in a few days time because of the...

pc_wave Updated 

It is interesting to compare the charts of the main coins. Let's take BTCUSD and ETHUSD for now (LTC and BCH follow ETH closely). BTC has clearly been sustained, whereas ETH/LTC/BCH followed an expected retrace. This shows to me that there is an ongoing effort currently to push the BTC price up, while there is no such effort on the other coins. Is that good or...

pc_wave

We're currently crossing into the top BB on the weekly chart, which except for the short lived rebound in feb, last happened in... October 2015. We will probably be meandering a bit and might have to recross this line a couple of times before the next bull run, but this is clearly a bullish sign if it is confirmed next week. The MACD is also looking to cross...

pc_wave

It's been a while since such a pump has been spotted in the BTC jungle. We're overbought on the 4H chart (but were already before the last big pump), but reasonably far from it on the 1D chart. MACD has good momentum upwards. So to me there's definitely room to go up. Moreover we completed the head&shoulders reversal pattern, which should make for a good support....

pc_wave

Interestingly we went up to reach the tip of the blue arrow i drew following the last dump (while the more likely scenario to me was the orange one downwards), which goes to the 6350 level from which we dropped earlier on. There have been quite intense bear-bull fights with strong wicks on the 1H chart. On the 4H, MACD has a nice movement upwards, with some room...

pc_wave

Trying not to fomo... but this could be good. Nice green candle on 1H chart could be impulsing some stuff. We can be on the lookout for a few things in the coming hours+days: 1. getting out of that downwards channel that has been cursing us for 2 months, and past the middle of Bollinger bands in the same time, ~6.4k 2. yume crosses the middle with a blue twist 3....

pc_wave Updated 

A welcome bounce for BTC is giving some relief for bulls. A Head and shoulders is developing on 4H which could provide some support. There is clear bullish divergence on 4H and 1D charts. MACD is also pointing up. We passed middle of Bollinger Bands on 4H (still far on 1D), which are squeezing... so a jump can be expected soon, and the bullish divergence may...

pc_wave

BTC has resisted falling down and is showing a rebound after being oversold. It also broke upwards from a triangle, which is a good sign. Maybe we have completed wave C down and are ready to stabilize for a move upwards. However we are still in a downwards channel - it will be critical to pass the 7k mark, which also happens to be the middle of Bollinger bands,...

pc_wave Updated 

There has been a cyclical pattern as mentioned somewhere else, i'm just putting it down again, highlighting the monthly swings. And we've reached oversold on RSI on daily chart. Looks like bulls are fighting back and seizing some opportunities. We're definitely not out of the bushes yet but the setup is encouraging. We might still go down but i would not think...

pc_wave

BTC USD setup points clearly towards Feb low at 5.9k. A light of hope comes from RSI being oversold, and EW pattern showing we're in a 3rd leg down. A more pessimistic outlook is the bear point of view, which would impose a 12345 pattern down instead of ABC. This may bring us to 0.786 fib retrace from december bull run at 5.5k. The following supports would be 5k...

pc_wave Updated 

"In a gold rush, invest in shovels" As BTC is back to depressed levels of April, it brings all other coins down with it. All? No! A small coin is resisting... This is a comparison of BNB-USDT (bright colors) with BTC-USD (faint colors) charts. It seems like traders have been reverting back to BNB as a safe asset, as BTC was weakening. This should bode well as it...

pc_wave Updated 

The 1D chart shows a bullish setup, having crossed the middle of Bollinger Bands, with bullish MACD crossing and RSI pointing upwards. Volume is not great but not bad compared to the past few months. The 4H chart has hit overbought, but that suggests for enough momentum to still go up a bit before facing some resistance possibly at 1220 (0.5 fib level) or 1290...

pc_wave Updated 

BTC/USD seems to present quite well on 1D chart - closing in to middle Bollinger band, currently trying to break the oblique trendline down, MACD crossing towards bullish, and RSI pointing up, and potentially having completed downward waves. The volume however is even lower than before. It will be important to first cross 7.8k (conjunction of 0.618 fib retrace +...

pc_wave Updated 

1D ETH/USD has low volume but good MACD/RSI setup, flirting with middle of Bollinger band. Breaking the oblique line could spring the price to 700, which would coincide with resistance level and top BB limit.

pc_wave

Market still fragile, maybe we're not done yet even though we're breathing a bit. The 1D chart still has room downwards, whereas the 4H chart is pointing upwards. I've been looking more closely lately at Bollinger Bands with one guideline in mind, which is buying in when we cross into the upper band and selling when we go into the lower band. That seems to work...