If TD doesn't lie, after 9 candles, we will see some movement. 4H chart also shows this coin is ready to move. Volume catches up on major on major support area. CMF is indicating on accumulation. Money are quietly flowing into this coin.
This article was written with the purpose of getting the better market timing. RSI and MACD showing bullish divergence. Though, these indicators suck when the market is in the established trend. Price action went parabolic downward. This is a good sign that the end of sell-off is approaching. Will it end now, on Fibs ext. or old support zone, I don't know. But...
RSI and CMF show bearish divergence. Possible cypher pattern is forming. TD sequential hit 9. Short only possible if we break RSI 62. Sitting on 200 sma (4H chart) 10 ma(4H) is acting as support. If 200 crosses with 10 I will consider it as dead cross
Reasons this trade can be interesting for fast Break out Traders: Price is currently sitting on pre-pump support area. Price action formed a falling wedge, which tends to be bullish formation. Volume expanding significantly, somebody is definitely interested in this coin. It also can be just momentum players manipulation. Technical indicators on 4H chart...
Reasons to open a swing trade: Price action formed a falling wedge ( or descending triangle) on falling volume. (Both tend to be continuation patterns.) On IOTA/BTC chart, price is currently sitting on 100 day simple moving average. If we look at IOTA/USD chart, price broke through falling wedge forming invH&S. Price also is sitting near pre-pump support area. ...
Just a little fundamental analysis on bitcoin: Twitter started talking about lambos. If bitcoin will fall more, twitter will officially become my primary dumb money indicator. Finex longs at ATH and shorts almost at this support zone . If manipulated bitcoin price, I'd made more traps as possible. Just compare longs and shorts price to BTC price over the...
H&S on 15ming chart? If it is, then the whole bounce was the bull trap and we will see another leg down.
Long only will be possible if support at 8000 holds. (Strong psychological support) In a bear market, the performance is about what you would expect from a countertrend breakout. Throwbacks occur in nearly two out of three trades. Dope volume confirms the pattern Interesting thing - on this pattern, BO on light volume performers better then heavy, if Bulkovskiy...
RSI on 4H chart shows ber div. Stoch is also pointing down.
RSI and stoch show hidden bearish divergence.
Macd is crossing and pointing out. BB reentry. Volume expansion indicated on accumulation, now volume is back to normal.
Fundamentals: Their service is almost ready to use. Next months will be interesting
"Only one way out" was just marketing to catch you to read this idea. I was trying to fool you. On 1D chart, RSI's showing clear bull divergence. Stoch is almost pointing up, wait a little bit. Failing to close under BB, the second time, can be a good entry. 4H stoch and RSI are oversold, we need to wait a little bit. The Descending triangle can be "the top",...
Though i see, BTC is going up, the overall market is week. Move your stop loss higher and take profit.
RSI history. BB width is getting tighter. I placed buy orders at 8700, but I will sacrifice it. Looks like we are at the bottom of the descending wedge. Huge volume expansion on coinbase. Stop loss - 8500
thepatternsite.com - how to trade diamonds (look at 4H chart) hackernoon.com - describe about fundamentals of this coins. I will try to enter long position in IOTA, but not today, probably. Bear market is to risky.