But can we go down another $500, Yes we can, I am watching $7222 as the best case scenario. It would be devastating if we were to go down further. The timing of another bear market and next block halving doesn't add up. This chart shows the RSI MFI & Finding Bottoms indicator oversold on the daily. What you do not see here is the Stochastic RSI oversold as well....
The Linear Regression is one of my favourite tools to use for my analysis. XRP poked its head out of the higher LIN REG line as the 100 day direction is down. Along with this the Price created a higher high. To me this shows a change of direction. Still looking for a possible support of .00002570BTC
Hi Just a short one here. I have been looking at Ethereum to make a trading decision. Yesterday the candle closed above the previous peak (CAPP) for the 1st time in a couple of months. Also it has followed by higher lows and now above the 20MA in an upward direction. Pay attention to where the Stochastic RSI is, if it closes below 80 we could see short term drop...
A short one here. $BCH Looks ready to break to the upside. I have marked in rectangle where I believe it will break upward of the triangle.
A case for the bulls here. Using the low of September 2014 & December 2017 as a trend line June - November 2016 it was used as support. Currently amazing enough the price is hovering around it again. Using the 2 CLOSED highs of May 2017 - Jan 2018 & the 2 CLOSED lows of December 2017 September 2018 we come to an Apex in October/November 2021 which again...
Using projection, historical Charting and time of next Block halving I'M looking @ $20,000 September 2020 Next parabolic phase like 2017 in september 2021 over $250,000. Take this as you please. 1st step 20k September 2020
As you may or may not know I spent 2018 back testing a system to get the best results, it was time consuming but also fun and rewarding. This works for BTC ETH BCH and LTC. Ive been backtesting financial products since 2003. This system had us out @ $16000 and $13000 BTC back December 2017 In 2019 we got back in @ $3622 10th Feb out @ 3791 Back in @ 4090 out @...
This is a very rare and explosive moment I see in the charts. The Bollinger Bands are tight and the candle above the Mid BBand with a strong Green candle Looking to test 2650 in the 4HRLY. 3400 to make a higher high XLM - XRP from here XRP a hedge against BTC
looking at patterns indicators, structures We are similar to January 15th week 22nd January 2018 which was a 55% drop. Although that was the end of the bull market, we are now at the beginning of one. But what will a recession bring? no one really knows 17th August 2015 brought the 1st and only drop below 20MA which was 22% drop which would equal $6900...
Recently I been using Linear Regression to find tops and bottoms. Ive been quite busy lately as My we Finally moved into a home we got built for us. Quite stressful I Might add and much more stressful than our 1st home we built in 2012. So using the Lin Reg with the Bbands has been making my trading job easier. Anyway I use the this strategy along with the...
Hello It has been awhile since I posted, been very busy outside crypto. But Looking at Litecoin mainly and have added to my exposure. As you can see the sell off was over done with the prices moving below both the Linear Regression and lower Bollinger Bands with the Stochastic rsi oversold. Now that the price is above and Stoch RSI moved off the oversold...
We haven't seen these prices since December 2017 and looks like a big area of support if broken than we are going to 0.00000023BTC, Looking at where the price in relation to the Linear Regression is it is looking likely But only if this area of support is broken. Ill be waiting and watching for my next move on this one.
Using linear Regression and Bollinger bands together gave us a perfect signal to sell the top candle pushed up above both. The momentum for now is up looking at where the stochastic RSI is. So we could see $12k before we drop. The perfect dip would be around where middle Lin Reg and BBand are (using the weekly), which is $6500 but could be higher when the...
I was meaning to post this yesterday before the Pump we just had. We had the price crossed the LowerBband and back above it and still the Stochastic RSI being oversold (Although we should have it out of there) The Bottom Finder was above 30-40 signalling a bottom this week on 3 occasions which is very strong. What I would like to see is a close above the 20MA...
Last month I titled a post "XRP I wouldn't wait" However if you are holding BTC the price has been shot down heavily last couple of days and again providing us with another buy opportunity. This time on the daily though, although I prefer the weekly chart as it is much stronger and shows a sudden price surge can happen within 24 hrs. But WEEKLY showing still more...
Litecoin has made some ground this year in terms of USD, However I'm not to concerned about USD A FAILED BROKEN SYSTEM. Looking at LTCBTC we have a SCREAMING buy on the daily MFI signalling a buy , STOCHASTIC RSI moving off the oversold area, Finding Bottom indicator stating bottom is in. Also the candle is back in the Bollinger after moving out of it.
Alt season is here and could start anyday now. Ive been saying for weeks money will be moving away from Bitcoin and into Alts. So lets take a look at the Market cap without BTC. MACD: We have 5 months of Buyers outwaying the sellers although against BTC Altcoins have been getting hammered. Stochastic RSI: Completely out of the oversold area and Momentum for...
IOTA Looks to have bottomed out Currently price bottom of channel Plus Stochastic RSI, RSI & MFI oversold However thats on the daily, when you look at the weekly which is more powerful it looks possible for a 50% drop