Deftsuo

Deftsuo Updated 

NANO/BTC is showing bullish divergence on both the RSI and the CMF on the 4-hour chart. We've also been in this fairly long downward trending-flag-type pattern. I could see the argument for this being a very over-extended bull-flag. However, there is a bunch of uncertainty given the USDT issues and the massive premium for Bitcoin on tether-based exchanges relative...

Deftsuo Updated 

Bitcoin is currently trading within a very tight range. We've got overhead resistance from our long-term descending triangle or wedge formation depending on how you look at it, and we've got our support trend-line(s) from our previous bottoms and previous support area's that we hit earlier in the year. I believe there is 2 scenario's which could play out here over...

Deftsuo Updated 

ADA/BTC is showing some signs of upward momentum. So long as Bitcoin can hold steady, we could see a 5-15% move in ADA over the next few days. On the 4-hour indicators, we got a MACD bullish crossover on October 13th, and our Squeeze Momentum indicator is showing upward movement. RSI is sitting at 36, which is close to oversold, (oversold begins at 30) so we...

Deftsuo Updated 

ICX/BTC appears to be within an ascending triangle pattern. We got a nice bounce off of a previous support zone around 950 sat's, and we've been on a steady up-trend on the 4-hour chart. So long as Bitcoin holds steady, we could see a 5-10% move in ICX in the next few days. Good Risk/Reward on this trade in my opinion. On the 4-hour indicators, ICX got a bullish...

Deftsuo Updated 

ICX/BTC appears to be within an ascending triangle pattern. This type of pattern is usually bullish. I've laid out a few scenario's of what I think will happen. Scenario 1 (Green Arrow): ICX/BTC bounces off the sideways support (around 1000 sat's) and moves to the upside breaking through the top of the ascending triangle (around 1090 sat's), of which the target...

Deftsuo Updated 

NANO/BTC appears to be within a bull flag formation. NANO/BTC has performed well even in the face of Bitcoin's recent drops, and it has maintained it's current levels quite well. I've laid out a few scenario's for what I think will happen. Scenario 1 (Green Arrow): NANO/BTC moves up from it's current position and breaks above the bull flag and begins it's march...

Deftsuo Updated 

ICX is forming a possible bullish pennant on the hourly charts (1-4.) RSI is turning up and has plenty of room to run, and the MACD on the 4-hour is looking like it will cross over (bullish cross over.) The Stochastic indicator is also turning up. Target 1 is along the pennant near 1350. If it is rejected here, it will most likely retest the bottom part of the...

Deftsuo

BTC has had a nice few jumps from around the 6200 level all the way up to the 7100 level. Stoch RSI on the Daily suggests we are immensely overbought at the moment. 1 hour and 4 hour RSI are also showing overbought. However, the Daily RSI is around 60, so it isn't quite into the overbought territory. Risk/Reward at this stage is far too skewed on the side of Risk....