My take on the current $btc correction, showing alot of similarities to the previous one, fractal panning out so far. Support on previous ATH.
As we can see there have been a LTF and MTF S/R flip, giving us a good opportunity. Don't forget to set a stop-loss below support.
Hello Everyone, Thought I'd give an update on BTCUSD , as after its return from the correction it is now showing more bullish signs. Please do keep in mind it does not necessarily have to wind up going the same way as pointed out in the chart. The blue LSMA and red RSI do have to cross and close above 50, before these signs are valid. We could end up seeing the...
Currently, the race between the white energy in the 12h and the red RSI in the 24 hour is still going, and its looking to be about 50/50 chance(see the white dotted lines) with 1 hour to go on the 12h candle. For the possible return of upward pressure we need to look for the green line compared to the white energy in lower timeframes. As of now, the green is...
After a previous breakout from the downtrend, DOTBTC is now forming a wedge, despite BTC rising, support seems to hold on the lower part of the wedge. RSI is low and showing hidden bullish divergence. MACD is about to cross and go up. An increase is likely, but don't forget to set a stop-loss.
As we can see on the daily chart, OMGBTC just broke through the downtrend. RSI was at its lowest and is starting to rise, and MACD has just crossed over, all signaling a bullish movement. Targets at previous highs. Trade at your own risk.
Just like back in 2018 after a meteoric rise, the RSI and MACD are on dangerously high levels indicating a selling point.
DOT started breaking upwards through the falling wedge, despite strong BTC push, pushing most alts in the red. Short term target of 32k satoshi.
Even within the logarithmic scale the uptrend line is increasing its angle. BTCUSD still above the steepest one. Forming a pennant since the recent hike, with a bottom at around 0.5 fib level. RSI nearing oversold, stoch being oversold and MACD nearing equilibrium. Expected to rise to about 30k by march. Remember to do your own research.
POWR broke out of downward wedge. resistance/targets at previous peaks.
100&200 day MA converging and a pennant: bullish signs On the larger scale there's a symmetrical triangle: neutral in character
Neo is nearing the end of its downward wedge after which it will probably continue the longer term uptrend. Hopefully passing a couple of resistance levels based on previous tops, coinciding with fib levels.