I like the TA on here. It’s not hard. S/R, triangles & low risk
And found many confluences 😂😂 bitcoins bull moves confirm we’re an uptrend & alts will move soon
Descending triangle + support bounce at $7.50... breakout appears it's coming. RSI +MACD look nice too
Buying volume for bitcoin has weakened but this setup looks too sweet.
Appears we may have another move up. Today may be the reversal. Lets see how this plays out
Weekly time chart- I've been eyeballing this trend-line from the peak and appears there's plenty of contact points to confirm it's existence. Year-end typically has been down for BTC in most years with a recovery the first week or two of January, which i expect since there's a 200MA hard resistance confluencing with the end of that downward trend. Capitulation can...
Some interesting patterns here listed on the chart. BTC has a previous 0.60 ratio between its energetic rise and recovery versus consolidation. Will analyze current trends next.
Momentum indicators swinging north on the hourly; in a nice channel and breaking a falling wedge. Nice RR ratio too
Noticing many flattening USD pricing along with curve bottoms. Some very rough EW lines on the bullish side. If it doesn't go north I see no end in sight for the bottoms of many alts lol. This could be the great flush.
One long term view assuming the brexit+china tariff wars + impeachment macro news makes a material effect on markets. VIX appears to be a good buy, and it's been having a tough time breaking that resistance in the box. Might be a good area to sell and short and/or get some spy when it corrects but it may break that trend line in the next 2 attempts and moon for...
This assumes a moderate recession triggered by brexit and impeachment occurs
Some EW+ fib analysis on #litecoin during this years bull trend
Keeping an eye on this guy for a small breakout in the coming days. RSI swinging up, 50Ma curving nicely also
I'm noting the brakes are getting pumped on many alt coins and have a favorable view of this curve along with a flat RSI. I think we may see some alt relief in the near future and possibly this is one that will be early on the bounce
RSI curving north, fractual patters appear to be changing. Keeping that stop tight
I've found it quite interesting how major pivot points in price occurred on the weekly fib time zone points. Also note that BTC bounced off the 200MA and for a short term rejecting the sub $3,000 levels many have assumed would happen.
Since it has little price action history I'm assuming a support level in the dash-red line is where it's currently at and appears to be about to break a downward wedge(?). Hoping some good news comes out soon as a catalyst to propel it up and out of the downward trend line.