As we can see here it's a very tricky and critical area we "seem" to be not having the enough support "yet" to push the price and break away the falling wedge then the down trend, but first IMO i see we need to confirm whether is this red line is supportive or resistance, pending on touch and bonce with a breakout of the wedge followed by a volume to confirm, that...
Divergent here is so obvious and I've to insist that all the factors are coming together, bears are exhausted at the larger time frames, weekly StochRSI over sold, monthly RSI meeting a very important level for reversal, daily is pushing upwards and forming potential bullish divergent
we have been waiting for btc for long time now even EOS couldn't wait much longer and made a beautiful retrace and bottomed followed by a breaking out of the downtrend unlike too many top cap coins, i'm actually expecting a lot from EOS i bought at many levels and accumulated my bag already .. this breakout is supposed to be taking us to a whole new price levels...
Try to find such coins which has similar listing dates or haven't got their market cycles yet and you will see wonders .. I'm somehow addicted and a big fan of the undervalued coins specially those with a real life projects and strong Fundamentals which also they got listed at the beginning of a huge correction wave in Bitcoin, these type of coins are few in this...
some notes than the previous cycle chart, to whomever believes in market cycles and wall street cheat sheet, also i still believe that our current phase is also a form of depression specially if it went in a V shape lower to 6k then bounced .. stick to what you believe in and play safe ;) Regards,
in case if you still don't recognize what's going on, in case you still denial this falling wedge, in case you are still seeking for a bounce so you can re-short, in case you don't understand the "oscillators / indicators" divergence, in case you didn't buy the bottom while btc gave you alllllll the time you need to do so, GOD MAY SAVE YOU ALL OUT THERE, followers...
Reversal from painted area or at the trend, but under 100 ? i doubt so
Didn't do anything new to the TA still same same as previous, just wanted to stress more on the huge opportunity i see here in the upcoming wave and bullish season we are heading though, fundamentally speaking this coin has a lot of potential to take over soon, technically speaking here is the chart and here is the weekly history i think its more than obvious what...
This flat breakout is something you see in crypto when btc is at uncertainty point " or bottoming from a huge downtrend " .. i would stick to the analysis and call this a breakout followed after volume and could be a bullish setup along with btc .. btg has been undervalued ever since forked that's long time past now .. by far poor coin forked prior to a big...
what i see here is " anger " phase has been taking its time and i believe its somehow combined with "depression" as forming this falling wedge .. we are also retesting previous 6k region on declining volume, but this decline will not stay forever a reversal is suppose to be just around the corner here matter of hours or may take this air gab from the cloud to...
Caution : this repetitive market cycle is happening everywhere yes, but it doesn't assure that history will keep the same fractal forever .. anyway we need to watch if this coin has a new plans or will just keep doing what's has been doing for a while ago .. what the chart is telling here that going to 20 area again going to take a long time so whoever is chasing...
what i'm seeing here is pretty close to XMR last year before breaking out to moon, for me i've missed my buy prime buy spot "green line" but its fine because this coin can consolidate more into this channel, my next buy is when this channel is broken and confirmed with a closed daily candle above at the green area, this area is going to be volatile either will...
Divergent is here inside a big falling wedge, this could be a second step of a bullish setup to higher levels and a breakout from the down trend so the wedge, i would raise my long at the right shoulder bottom if it performed or the break from the neck line directly and see how the volume going to behave, accordingly i will decide either i take my profit at the...
More repetitive market cycles everywhere also here, I'm expecting to hold a retrace from last dip and breakout very soon and if not then buying from the general uptrend would be nice too, just laddering my buys and filling all after a breakout
Hello, Few will agree on this perspective of the emotional market cycle and many will disagree, I'm Sure because of the feelings they are experiencing and getting from each other is might be different than the current phase or previous phases description, also they might get fooled by "where was the denial exactly" because apparently we have broke some major...
Nothing to say, just be careful bears .. this time is different !