Get long if trades above 0.0845 get long , stop@ 0.815, traget price 1: 0,090 target 2 :0,10
Never seen any shit like this. I reall have no clue to measure and do tech analysis of a straigth free fall
We have reached the first target. Maybe some extention down to reach the green bar, only if to recover back to these levels can be ok. If these levels do not hold. We have to replan everything
All right it seems what I was afraid of happened. There are two possible targets that BTC may fall down to One is 3650-3700 area. This the bottom of a longer term trend on weekly basis.(1) And other target is 3.457 target where the neckline of this head and shoulders pattern started to form. (2) My take , and wish is 3650, asI have previously stated in my pervious...
Not as we used to know.Maybe OMG too crowded? A nice pop up not followed
Turns out that we have 2-3 weeks to stand still while BTC smoothly goes down and touches to the weekly channel support around 3.600-3.700 So, I took a look at the Bitcoin history, as we have time right? It seems, the excitement about bitcoin, has changed gear for the last 2 years. And if specifically talking, RSI , since the end of 2015 has been touching to 50...
I hate to think or say but. I am not liking the follow up reaction's volume or depth coming from 3900-4000. Not saying doomsday BUT there might a probability that , the wedge we are forming now, might break out downside and form a "Head and shoulder"'s patterns' right shoulder. And we might go down to 3550-3600 to find a bottom at the bottom of weekly charts trend...
I am not liking the follow up , generally, in terms of depth or volume. I hate to think that, if this reaction that we are seeing from 3900-4000 range might loosing steem by a rising wedge then to create a Head and shoulders right shoulder. Once again , I hate saying this but there is probability that we might go back down to 3600's area down to the trend chanel...
BTC when strongly demanded have the ability to pass the first gear trend line and enter into a steeper faster trend channel. This latest run seems to have that power to surpass the first gear and reach to a high as 5.380 level In this phase generally alts lag. We will see this time, what happens. Keeping an eye on the potential coins , if they do lag when BTC...
Not really a breakout with depth, hopefully Asian markets will give a hand
Bitcoin is heading 5.000 usd in this run nicely in the tunnel .It is a shame that it is so simply going on its way. No surprises. Altcoins lagging. Might see some excitement after bitcoin passes 4.400 previous highs Strong Altcoins I like NEO, Omisego maybe Litecoin
NEO Bottomed out qickly, a very nice momentum. Long target @49 then @59
There is slightly divergence between the price action and RSI And moment. Expect to reach to the bottom of the channel
Since the Mid March Dash has been performing weaker over Bitcoin but recently the trend might have changed in favor of Dash. Keep an eye on Dash , expecting to outperform