Hey! This market is incredibly bullish, but nothing can grow infinitely and bearish signals become more and more. It's time for a good correction! --- On three hour candles you can see an almost perfect Bearish Bat Gartley. Bearish divergence on MACD and RSI indicators. Hidden bearish divergence on Stochastic RSI indicator. MACD confirms the beginning of the...
Hey! It was a hard month for holders of Monaco, but I think that next week there will be a lot of positive news, which will positively affect the price of MCO. --- Technically, everything looks good. Quite a strong bullish divergence from the price and the RSI indicator. Not too strong a falling wedge was successfully punched by a large buy volume. But, the...
I still see a bear market. Bitcoin broke through the local 1.62% downtrend line yes, but could not break the larger downtrend line. Until it happens we are still in a bear paws. --- Let's return to Technical Analysis . I see the formation of the pattern "Head & Shoulders". The pattern will be confirmed if the market fails under the neckline. Stochastic...
Bitcoin forming a rising wedge pattern (bearish reversal). Indicators (cRSI, Stochastic RSI, MACD) show a bearish divergence (reversal). I expect a drop to the support zone at 3500-3400. If this zone does not survive, then the fall can be up to 3200 and even up to 3000 (a little doubtful). Stop-loss can be put on a level above the main downtrend line and 38.2%...
I see a good opportunity to buy bitcoin at 3200 Drawing the trend line from the peak of 2013 and the peak of June 2017, I see that a market reversal can occur here. Also, the MA 100 is at 3210, which once again confirms the strong support zone at this level. cRSI and Stochastic RSI are extremely oversold. If it falls below, then the potential reversal points...
Let's take a look at the hourly chart. The market rebounded from the resistance at 161.8 Fibonacci. I see two strong bearish patterns - the rising wedge and the harmonic butterfly pattern . Also Stochastic RSI and cRSI came out of the overbought zone and began to fall. Probably this means that the correction for bitcoin is not finished, there was only a...
Ripple recently broke the local downstream line, but the volume is not very big. Also the market rebounded from the next downtrend line. However, the ADX line (blue line in the DMI indicator) crossed level 20 and this allows us to open long positions. You can place pending buy orders at ~ .24 Good luck!
The market failed because of the news that China "potentially" will regulate the ICO. At the moment, I see that the RSI is near the oversold zone, as is the bullish divergence. On the chart, you can see the falling wedge pattern (reversal). Also there is a strong support at 29-30. The levels for buying can be about 33 and 35 if there is a good volume. Good luck!
Probably a bullish falling wedge pattern (reversal) forming. RSI also shows bullish divergence. But DMI shows a bearish trend, so I do not recommend buying now. However, sellers are weakening. Pending buy orders may be placed above the local swing high at .205 – .208 Good luck!
4 days before the release of the application ( Twitter ). The market shows a very strong uptrend. Probably in the near future, the price will reach 161.8% and 261.8% Fibonacci. We'll see. And be careful, very high risk!
Looks like that NEO has a triple bottom with a bullish divergence. DMI also shows that bulls are getting stronger. Break the downtrend line should be confirmed by a good volume. Pending buy orders may be placed above the local swing high at ~41.5. Good luck!
The market broke through the local downtrend and, probably, reversal Head&Shoulders pattern forming. Local swing high is approximately 43, I think it is a good point to enter. Someone very large entered the market, the biggest candle is seen on the chart. And some fundamental support: NEO has 3 meetings in the next few days. One of them is with Microsoft.
Probably the market is ready for new highs. The market is trying to break the downtrend line. MACD lines are crossed, the histogram also shows a positive trend. RSI turned around and broke the downtrend line. Local swing high is about $48.6. To the Moon!
Based on the daily timeframe, you can see that the Stochastic RSI is in a downward movement. Also MACD histogram confirms downtrend.
Unfortunately, it is impossible to predict anything because of the uncertain future of bitcoin. Be careful.