Using the daily Stoch RSI, you can see it has bottomed out on BTC the 1hour and 4hour has bottomed out too. If bitcoin doesnt bounce off the 50MA and create a double bottom we may see 85k! Or less I find this unlikely because of the stoch RSIs over sold again. My strategy says buy and sell at previous high to create a double top. This is a bearish pattern called...
TRX forming a beautiful bullish wedge, 21 EMA moving toward trendline resistance to create a support for TRX, along with a small bullflag in its region of support and resistance, TRX is priming to blow this week, ill be taking entries on the break out but at the moment just short term to the 200MA congrats to those who won on Supra! I got a few wins, to see more...
Supra is relatively new, but using trendline support and resistance its forming a bull flag from a breakout of a bullish wedge, currently sitting above the 21ema on 4hr, Stoch RSI forming a cup n handle, with alot of room to 0.059 - 0.06, ill be looking for entries on the break out .
If you follow the 1Day chart you'll see that the 50 day moving average is close to trend line support, ideally we need bitcoin to stay in this channel to reach a higher high before correcting properly, Christmas is apon us, usually some sell offs a week before, Trumps inauguration is January im sure alot of professional hodlers and traders are waiting for that and...
By understanding the stochastic RSI and how it works, you see that its the end of the run on the weekly, the weekly stochastic RSI is strong. And the 21EMA and 50MA will line up with the previous higher low. Going to the hourly time frame we have a symmetrical triangle, which should dump to the downside if it doesnt break out. Careful out there traders, this is a...
Eth has hit its Trendline Res, id be looking for shorts with low risk
I would be very careful longing past 2265, if there is a breakout it could be a fakeout.