Sponglewang

Sponglewang

As you'll notice from the chart price action has just bounced off of support at just below 36000. I'm expecting it to go as high as resistance at 38900. What's interesting though is that both the RSI and Stochastic indicators are showing oversold conditions on all the larger timeframes. The 1hr, 2hr, 3hr, 4hr and even the Daily. So yeah... I'm definitely long on this one.

Sponglewang

As you'll notice from the chart, price action has hit support at 37700 and is gradually rising and I'm confident it'll reach resistance at 38900. What's interesting though is that both the RSI and Stochastic are showing oversold signals on all the higher timeframes from 1hr, 2hr, 3hr, 4hr and also the Daily chart. So yeah, I'm definitely bullish on this one for...

Sponglewang Updated 

Ok, so I'm reasonably new to this although I did a fair bit of paper trading a few years back but never with crypto pairs. Anyway, I see resistance at 0.4000 which was tested after a huge drop in price action from the 5th of April 12:00. It plunged through a support and resistance point at 0.4500 and continued to fall until it hit resistance at about 0.4370 on...

Sponglewang

BTC is at an interesting place at the minute. Here's a daily chart showing a nice oscillating upward trend following a huge drop from 67525.00 way back in Nov 8th of last year, finally hitting resistance at 35000.00 on 22nd Jan. Price action has been kept within a nice channel and has just hit resistance at 40000.00 and is a smidge over that figure today 16th...