travislester37

travislester37 Updated 

Well, after a strong rejection from $3.00, $2.00 is holding thank goodness, and we've seen a good uptick in the past few days. However, we are not out of the woods yet, and where our current weekly candle closes will be a big tell for the next few weeks of price action. Firstly, above all else, SOME kind of green candle here is important if we are to find a...

travislester37

Ah yes, the subjectivity of TA. BTCUSD has shown a clear falling wedge, supported by a positive divergence on the MACD. However, there's some ambiguity as to where we should draw the top resistance line. Did we break out already? Or not? Depends how you draw it. There's a potential volume confirmation there but a clear drop afterwards. What do you guys think? Let...

travislester37

Stratis has posted some strong gains as of late, in a move that people more experienced in TA probably saw coming. I honestly feel a little silly for just now seeing how far back the divergences go. Really makes a case for having patience in the crypto world. Now that we've started breaking out, how long will it last and how far up will we go? Hard to say, but I...

travislester37

Ascending wedge on LINKUSD. 50 day SMA has held as support thus far. Lets hope it continues to hold up... I really want LINK to do well but the technical analysis of it makes me nervous.

travislester37

The divergence I noted in an earliver post a few weeks ago has continued... Should we be worried?

travislester37

Instinct would tell me that NEOUSD is a bit overextended and that we should expect a small pullback... but then I saw this. What do you guys think?

travislester37

I really, really want Chainlink to shoot for the moon. Overall I'm a fan of the project, and I think it has a very strong use case. That said, this is hard to ignore... What do you think? Is this bearish divergence?

travislester37

Normally, I stick to the daily and weekly timeframes to monitor for any longer term trends. However, after watching the price of BTC break below the 200 day MA and hold beneath it, I'm dying for some optimism here, so I took a look at the 12 hr chart to see if I could spot an emerging trend before it shows on the daily. And would you look at what I found!...

travislester37 Updated 

Short answer; too soon to tell. However, a couple of common indicators offer some optimism. The 200 day SMA held as support yesterday, and considering that the price hasn't crossed below the 200 day SMA since March 2018, that's a good sign that a "bottom" for this downtrend may have been reached. Moreover, yesterday's dip was so sudden and deep we managed to break...

travislester37

For the record, I'm pretty bullish on the price of BTC over the next few months. HOWEVER, if we were to see a dip, this is how I see it playing out. I marked where I feel the "point of no return" is, aka the "oh ****" line. If the price stays above this line, I don't see a significant dip in the immediate future, but if the price falls below the "oh ****" line, I...

travislester37

Remember how much influence the top traders, whales, institutional buyers, or whatever you want to call them have on the price. The activity of that group (and the market in general), is going to be based on news, hype, overall sentiment. The data indicators use, and the trends we observe, are based purely on numbers and numbers alone. Those numbers won't adjust...

travislester37

The last time the 12 & 26 MA crossed back above the 50 MA after crossing below it months prior (as it did in May), we had an uninterrupted bull run that lasted over two years. Something to remember, if we can rely at all on the past to predict the future, that is. (; Included halving dates and Bakkt launch for reference, as I feel that we sometimes forget that...

travislester37

First time analysis = slapping some lines down and seeing what sticks. Added fib pivots on a monthly timeframe for some reference. Overall the forecast for BTC appears to be optimistic to me. This consolidation is very close to coming to a head and it seems as though the Bakkt launch is going to line up perfectly to be the catalyst for the next big move. Uptrend...