ENGBTC has one of the most beautiful charts I have seen in the past few days. A few bearish indicators, yet the falling wedge, along with bearish RSI and RVGI, might be signs of a trend reversal and breakout in the next week or so. Altcoins are at the mercy of BTC, though, so if BTC maintains some sideways action, which might be unlikely, we might see a nice pump...
MTLBTC on the 1D chart is looking absolutely juicy. As consolidation into the apex continues, we see declining volume tightening as it prepares for its move up. The symmetrical triangle is indicative of a continue uptrend, of which MTLBTC has been in for a few months now. Purple zone is the desired breakout/breakdown point, while the pink zone is the potential...
One of my favorite projects, SCBTC, is seeing a beautiful descending wedge, heading to the 80-40 satoshi range. Declining volume, along with a declining RVGI might show signs of a trend reversal as we near apex. What may pull SCBTC out of this wedge sooner is the public release of RC 1.3.2 and sticking with their timeline(trello.com), especially the releases in...
As per my horrible TA, BTC is showing signs of a bearish divergence, specifically in the RVGI indicator. Bulls seem to be trying to muster up some strength to try and gain some ground in the daily green candles. Original resistance was broken through, but hammered down back under. Teal ray shows previous support siding with the original push through of resistance....
