EQBM

EQBM

Good Morning Traders So as of this morning Bitcoin is still ranging and is currently at $8300 at the bottom of VPVR support and under the hourly Span B cloud. The 4 hr looks even worse with a bigger Span B cloud looming above the current range. Buy volume seems very low right now and with the Bollinger Bands contracting it's likely that at some point today or...

EQBM

Good Afternoon Traders, Bitcoin is currently ranging between $8100 and $8300. It wicked to the top of the support box (on May 18th it had a decent range there) as stated in the last update by hitting $8100. Now, we're in a calm before the storm essentially before the drop into the support box, with the BBands contracting on the hourly and the Stoch resetting back...

EQBM

Good Morning Traders! Going on from yesterday's chart, we can see that Bitcoin did indeed fall past our previous support and is now at $8195, wicking down to to the top of our support box. Sell volume has increased throughout the night and a new Span B cloud has formed. The Stoch RSI has reset on the 4 hour for the most part, but on the 1 hour we have one more...

EQBM

Good afternoon, Adding on to the previous update, Bitcoin seems to have chosen the contrarian path. We weren't able to break past $8800 resistance, and are now breaking down out of the 4 hour bear flag. We wicked to the top of the Bollinger Bands and nearly touched the Span B cloud, but with no avail. The Stoch RSI is heading back down, and volume was fairly...

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Good Evening Traders, Adding on to the previous update, we can see that the bull flag and follow up prediction seems to be becoming reality. We wicked to $8800 at the top of the BBands touching the Fib level before touching the Span A Ichi Cloud and currently continuing the uptrend. We barely retraced and the Stoch reset to oversold, meaning for the next few days...

EQBM

Good Afternoon Traders, Looking at the afternoon chart, Bitcoin as expected is continuing its current upward momentum. It is currently at $8843 working its way to the Span B cloud on the 4 hour and will likely hit ~$9,150 before facing any significant resistance. As mentioned before we had a bullish Kijun cross breakout with the Ichi cloud at roughly 6 a.m EST....

EQBM

Good Morning, As we can see by today's chart, Bitcoin has fell over the weekend from over $9,000 to a range between ~$8275 and ~8750. After hitting support at the lower bound of the range, we did recover slightly as predicted. While the chart looked somewhat nasty and the idea that $7,800 support would be hit soon, we can see that there was a fairly big, abrupt...

EQBM

Good Afternoon, Looking at the four hour, it seems as though all the red may recover slightly. We've expanded under on the Bollinger Bands and the Ichi cloud, and have a bottomed out Stoch RSI. Previous support is around ~$8,850, so it is possible that we may form a bear flag on the 4 hour to those levels. However, it is common for Bitcoin in scenarios like this...

EQBM

Good morning, As expected by previous price movements, Bitcoin's lack of volume and retests of the 9k range had it break down. Looking at the daily, it is crucial to hold 8.6k, with the next support being 8.3k (50 day EMA at ~8280), and 7.8k after that. Realistically, it could be a stop run if we hold above 8.6k, but it seems rather unlikely with the sell volume...

EQBM

Good Evening, Price action on BTC is showing that it might need to retest the 8.8k level reached on May 1st. We dropped from VPVR resistance at 9.4k, and are forming a bear flag on the hourly. The 4hr Stoch RSI is oversold, long positions on XBT are increasing, and sell volume is gradually increasing. The BBands are squeezing tighter on the 4hr as well with a...

EQBM

Good afternoon, As exptected BTC made a sharp movement, but the lack of volume couldn't bring it any higher. We fell into the 9k range and are currently ranging just above 9.1k. The BBands were compressed highly at ~9.4k, and we fell through the Span A cloud to VPVR support in this range. There was compression on the 4 hour EMA's looking at the Guppy (not...

EQBM

Good morning, Bitcoin seems to be trying to continue the uptrend, but without any significant volume, a slightly overbought but very neutral MACD convergence, and a neutral Stoch RSI. The BBands are squeezing tight on all timeframes suggesting imminent movement, but it seems like the lack of significant volume may push it to the 0.5-0.618 fib levels to form the...

EQBM

The hourly is showing us we may range in the Senkou Span B cloud for a while longer, with the 200 day EMA acting as mid term resistance. However, the daily is sitting on top of moving Ichi cloud support levels and the hourly is continuing attempts to breakout, with a new crossover appearing. 9k held as strong support, and the uptrend should continue in the...

EQBM

Good Morning, Traders!  OMG has gone bearish starting at the beginning of March and just recently retraced 100% of that price. As the price went bearish, it was hit by the 2/1 Gann fan line matched with a previous support line of 1181 and caused a reversal in the price. Similarly just a few days ago the price reached the 1/1 Gann fan line and fell back beneath...

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Good Morning, Traders!  WAVES has just recently broke the descending triangle it was in since the start of the year. This descending triangle was met with the 2/1 Gann fan line that was recently crossed and a strong support level of 47806. Because of this break, it is predicted to continue going bullish. Looking at the EMAs, it can be seen that the EMA 20 has...

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Good Morning, Traders!  ZRX has recently been trading in the bullish direction since mid March continuously testing the resistance line of 4/1 Gann fan line and a trend line beneath it. If the price is able to break the Gann fan line, it is predicted to be a large breakout for the bulls. According to the ichimoku cloud the price is indicated to be bearish for a...

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Good Afternoon, Traders!  NEO has recently been trading in the bullish direction for the past few days in a channel. Currently sitting at the bottom of the channel, it can either break the channel or continue upward. The ichimoku line is in the green indicating it will continue upward. If it the channel breaks it will be hit by an existing support line along...

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Good Afternoon, Traders!  Siacoin has been trading in the bearish direction since the beginning of the year and has recently began consolidating above the 0.0103 support level and the 0.0140 resistance level. Along with this, the price as been running above the 2/1 Gann fan line creating a very short ascending triangle from the three lines. The Exponential...