DGD current situation looks oddly familiar to last night's setup for the big surge... right around same time too....
again just playing around with videos; was asked to look at DGB for buckley!
just quick TA on XRP ...familiarizing myself with videos :)
CDT seems to be making a pretty solid base around this 500 area. From a longer term view...the daily chart shows its been basing for 30 days now after dropping from 1800ish. Definitely seems to be the accumulation zone, as this was general area it vaulted from the first time back in late 2017. shorter term view...4 hour chart.... 470 to 530 has been a pretty...
OMGBTC looks poised for a bounce. very nice RSI divergence on 4hr chart, as well as a slight divergence on the daily chart. It also just recently broke out of that down-trending channel. Profit potential ranges anywhere from 12% (recent high from earlier today) all the way up to 62% **Those are from CURRENT price levels around 1200ish...NOT from low 1100 lows
FCT looks poised for a bounce assuming BTC bounces at some point here over the weekend. It has been holding support nicely in the 250-260 range and assuming it continues to do so; i see a bounce up to the 320 area as being likely, which is a cool 23% (260-320)
DGD has been oddly quiet lately. It has been confused as to whether it wants to continue being an inverse BTC play or not. But, it has not stayed in such a sideways range for this period of time in quite awhile. Interesting too, i was just playing around with time based fib lines, and the correlation there is something to keep an eye on. Its not a perfect...
update on chart from few days ago. 8.3k retrace now looking likely
i like DGD here. it has found support at that rising trendline multiple times now, and it currently converges with the 40500 area, which also seems to be a good level of support. Furthermore, i expect BTC to drift back to 8.3k sometime in next day or 2, which should also prove a boost for DGD. Ideally, would like to see it test 50000.
i think the most likely of scenario's is that we just kind of bounce around lower trend line until the 2 major trend lines converge at 8500ish level around early april (the 2nd)..... as shown by the squiggly lines...yay squiggly lines! blue arrow most likely black arrow 2nd most red, least likely
BTC is currently testing support on its major ascending trendline. If we breach this trendline, i quickly expect a retest of the 6k lows. If we continue to bounce off of that trend line, depending on the speed of the bounce, i have labeled price points for when it would meet the shorter, descending trendline. the price points from highest to lowest are...
interesting time based fib trend correlation going on here. if the trend continues, then look for a change in market direction on march 14th. i am NOT predicting which direction BTC will travel now UNTIL the 14th , for the purposes of this chart... i am simply pointing out the probability of the 14th being a direction change...WHICHEVER way that may be
BTC looks ready to make a move one way or another. I still think market shifts directions in a big way tomorrow (at least, the general trend will become clear) on the 14th, based on fib time scale trend. I posted a chart about a week ago with a more detailed description of that trend.
if the pattern completes itself, it SHOULD do so at roughly 6pm EST, while going parabolic the last bit to complete right side wall. It looks better on a 5min chart, but wouldnt let me publish anything less than a 15min
BCPT, after testing previous high of 150k, it pulled back and selling has been heavy due to the airdrop they did a week or so ago. The shaded area has acted as support numerous times before, and i like it for a nice bounce back to 10k sats. Assuming all the sellers of the airdropped coins are about done 4hr rsi at 24 buying volume on the spikes far outweigh...
i like XMR on continuing its trend of bouncing off both, its 55ma on daily AND the uptrending channel. Both of which happen to be converging right around 286 area. Was a quick pullback on BTC selling and test of 340 highs. I like this for a bounce off channel/ma and another run at 340. i jumped in around 294, after first pullback off 285-286 support. stops...
BTC in danger of making a new lower low, after failing to make a higher high. 2/20 high was 11786.01 2/25 low was 9274.80 3/5 high was 11710.00 current dip low? 9256.50 is also the .236 fib retrace from 20k ATH's to 6k low Bulls need to take a stand in this 9200 area, otherwise will start to look more like a bounce within a larger bear market
POE is testing 786 retrace level around 410. if it can hold, a bounce to the trendline is likely. the faster the bounce, closer to 580 my target would be. the longer it takes, closer to 460. Either way, both are solid % gains from current price good r/r ratio. currently 410-412ish. stop loss at, say 395 ~3.5% downside risk upside potential anywhere...