1-the
PREDICTING THE MARKET BEFORE IT HAPPENSAs we can see here, there is an enticing level of so called resistance on the daily and the 4 hourly chart. Price has moved away from this area and novice traders have gone short. It is very easy to predict where stop losses will be. Notice the decreasing volume as price shorts away from the "resistance". If the collective amount of people doing the same thing moved the market, the move and volume would be much more drastic. Only big institutions and news moves markets. I expect people who shorted to soon be taken out and a manipulation occur, however with all the Brexit news around the GBP I'm being cautious.
Enjin Coin, swing trade the previous peakThe RSI is centered out. The MACD is bottomed out and triggered the buy signal. The trend is bottomed out. The altcoins will start receiving some rallys very soon. Many altcoins have began to receive a huge influx of volume in the last couple weeks. Sell the halfway point around 6k satoshis. Then hold the bags and try to trade the swing to 12k satoshis. Should be one of the most profitable investments in the cryptocurrency market.
BITCOIN (BTC) isThis is a chart
It shows support and resistance
Some are supporting the resistance
Others might be resisting to support
While most just can't resist to support this chart
it also appears that some find resistance to support this chart
Either way Bitcoin will find support within resistance
as it will find resistance true-out support
BITCOIN is
Longs Lock & Loaded The chart tells more than a thousand words. Tomorrow RBA meeting coming should send this pair from these levels to higher and test trendline.
Also, there is FOMC coming up on Wednesday and if we see dovish fed then I see this pair breaking the trendline and flying towards 0.7050 ish.
For more confluence go to the weekly chart and look left. Buying these levels gives a good risk to reward and "safe" entry, so to say.
Has BTC Topped?BTC currently completed a 3 drive to a top, with FIB symmetry. Whilst also being in the middle of a a Right Angled Ascending Broadening Wedge, talk about fuckery. The bearish side of the wedge is, if price fails to reach the upper trend line, it's a big indication that price has topped, price should come back and test the lower support line, bounce, retest the support line and fall through it. The oscillators (RSI and Composite Index) are following their respective trend lines. The chart on the right is with a pitchfork added, it blows my mind that the fibs overlapped and crossed the 0.5 line at the exact place price topped out...
No doubt we are bullish, but the weekly chart of BTC 2011 the bear market ended with divergence, that's how a bottom is in
same here in 2014 -
for the end of the 2018 bear market there has been no divergence (except on the daily) -
the monthly chart for BTC in 2014 again ended with divergence -
monthly chart comparison - both have made W bottoms, a bottom isnt sustainable if its made by a W as seen in 2014 (needs divergence)
monthly C Index and RSI are both at their respective resistances - the RSI for the monthly is still technically in a bear market whilst below the 65 level
On the bullish side of things, lord have mercy on the bears if we breach this 3 drive to a top, price will moon.
The Fib Kid.