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PremiumBCHABC Trend Hypothesis > Green sphere represents buy zone, trend reversal > If the trend continues down this path, BCHABC seems to indicate over sold conditions (RSI level matching previous drop level) > Approaching strong support lines and backed by the 4hrly 200 EMA and Fib.level. 0.5 > Pattern flat towards the bottom > Seems to line up with BTC imminent...
Based on a number of observations, as well as reviewing other peoples materials, assessments, market sentiments, 1 has to admit, no-one really knows and no-one can say, as to what will happen in the next month as its all new and not regulated (susceptible to many elements to sway its trend\prices). My thoughts are the following and I admit I can be influenced by...
Observation: OES chart shows all elements within acceptable Fib. metrics. 200 Daily MA also approaching 'buy zone' As you can see, its also withing the bounds of the wedge channel. Point 4 also in line with fib wave measurements Point 5 is the selling point\target based on previous support in September Please, take a second and support my idea by hitting the...
Observations are similar to BTC. 1) High RSI, due for a restracement 2) Gantley formation in play with 2 hrly (needing C to be confirmed as bearish formation) 3) Next resistance is as per November 2018 resistance, our target 4) Fib. observations all line up 5) Elliont wave in play, seeing wave 4 path Please like and any comments welcomed.
Observations: 1 We have hit resistance (assumption wave 3 completed) 2) RSI is above 80% 3) Nice to see 100 and 200 Daily MA coming to cross over soon (both can act as strong support) 4) Volume is dropping 5) Moving from 3 to 4 on wave cycle 6) BTC has been aggressive and there is a likely chance that the re-stracement is less than 0.618 and that the 200 MA is in...
Observations: * Bullish trend, moving within a upward wedge in the Daily charts * Potential Inverse Head and Shoulder completion if BTC reaches 4000. It will also then complete Adam and Eve (double bottom) formation in the Weekly charts. * Daily 20 and 50 EMA crossover (bullish) * Trend above the 4 Hrly 200 MA * Sentiment in the market is positive from many TA *...
Pay attention to the following points: Historical data and how the bottom was identified\pattern 200 Weekly moving average and its role Sloping trend line (downwards) shows consistency Volume Note: I believe the uptrend in the past days is to hit the 200 W MA (resistance) and then downwards to continue the bear trend.
Observation: Bull flag created with a Pennant, after falling wedge. Pennant breakout weak. Volume is weak at the Pennant (edge) breakout, cannot see much of a bull followup momentum December the 18th, nearing Christmas holidays which are traditionally selloff to mid early January Pullback from the peak does not fit well into the Fib chart replacement, should have...
We are in a health consolidation mode as anything that goes up quick with volume will have a timely consolidation pullback. I don't claim to be an expert but I like to share my ideas that make sense. Observation: Bullish trend (short term) 1 hrly Candle sticks are above EMA 50 and 100 range, plus cross over over, indicating BULLISH RSI in 4 hrly...
We are in a health consolidation mode as per BTC. Observation: Bullish trend (short term) 1 hrly Candle sticks are above EMA 50 and 100 range, plus cross over over, indicating BULLISH RSI in 1 hrly overbought conditions Double bottom completed for a reversal Volumes are appearing to return and at this moment, dropping off due to the...
Observations: 1. Obviously bearish trend 2. Looks like a downward wedge > looking at 136 as the major support. If that fails, volatility between 110 -145 range at the bottom for the coming weeks\months. This reflects BTC 3k to 4k range. 3. Pay attention to the volume. We note in YELLOW when we had a bullish trend in the 6k range. If we are to have the bottom or...
Observation: Still below EMA 10 and 20 which will act like a resistance Volume low as expected because everyone is now looking at low 5K as for possible entry. RSI over 80% We have higher lows on the 1 hrly and 4 hrly RSI Daily candle states we are oversold. But RSI is not reliable in a bearing trend. 5765 is the next major resistance. My thoughts: I feel we...
Just looking for any potential pattern. If there is a double bottom, then it increases the chances of a break out. Let keep an eye out for the coming weeks for going long.
Observation, descending wedge however we can see potentially 2 points for a reversal. The good thing is the descending triangle that past, was indicating a further drop. However just like ETH, its breakout was up. A good sign. I think with the recent announcement for Cardano Foundation CEO resignation of Parsons could only be a good thing. If your going to go...
Looking at the trend since last year NOV., we can see clearly a down trend. Pay head to the decending triangles. We have 2 that started and broke down further. But the 3rd, across Sept. Oct. and Nov. has a break in form and went up. This is significant to say that the trend broke and the sideways trading like BTC has started. We can see slight lower highs (as...
To be honest, I thought there was no point in the past few weeks to publish anything because of the charts were not giving anything to go with. Hence I stayed away. Many people publish the "if this happens or that happens, then this is to be assumed" or still stating the long vision...Durrrh. No kidding. It is does not help for the daily trader or weekly...
Observations: We have lower highs of late We have not had a higher high, we are waiting for the daily green candle to pass the previous green hight of 6838 We have immediate resistances, horizontal resistance, wedge resistances and trending resistance The pressure is downwards (selling) with the higher lows but the lower highs give the bulls a chance towards the...