RSI shows bearish divergence. Stoch pointing down. Price is breaking through SymTriangle on small volume. I expect another leg down that can either be stopped by 20 wma or FibRes Levels. Red box will be mine buy point. We still can see plenty of fake bounces up.
I trade BTC basing on RSI and Stoch on 1D, 4H, 1H and 15m charts. On 1D RSI hold resistance. Looks like bears are exhausted here, though stoch is pointing down. On 4H and 1H we can see clear bull divergence, though Stoch is not fully oversold. I will open position when stoch on both 4H, 1H and 15m charts will be oversold and pointing up. We now are sitting...
We can see that V formation was formed on BTC chart, but basement reminds more of ascending wedge(bear pattern). Stop loss - 12700
Trying to break through POC on falling volume, prepare your shorts. Stop loss - 12 000. Things i do not like - on Gdax we still see a lot of buyers. Short carefully, no need to pay lot's of fees in case it will drop only tomorrow.
Macd is about to cross. Stoch is oversold. Touching it's parabolic trendline. Sitting in high volume profile area. Failing to close under BB. I am about to open long position here.
I will consider opening long position if: 1. Price goes to high volume profile area. 2. Cross on Kijun-Tekan on 1h chart.
Inverted broadening wedge usually acts as bottom pattern
RSI worked good at defining bottoms, Stoch even better. Volume is still expanding. On 4h chart, price failed to close under BB so I expect it mooning soon. Target by 2018-02-12 - 100k (the end of parabolic trendlines). Fundamental reasons: everybody is bearish and in my memory, majority sucks. whales need to wear off alt...
Bancor was one of the hottest ICOs that looked very promising, but the only thing this coin has done - massive drawdown in Satoshis. Right now, it's showing huge Ascending Triangle which was formed within all-time low. Triangles are usually continuation patterns, but sometimes they can act as reversal of the tops and the bottoms. We can observe an increase in...
In the market, as elsewhere, where is profit, there is risk. And, generally speaking, the greater the potential profit, the greater the risk. V formations are the hardest to anticipate but a lot of odds are stuck in our favor at this moment. The parabolic downtrend was interrupted by "consolidation" phase before the final low. Volume picked up during Initial...
Of all the chart patterns that signal a reversal of a trend, the "H&S" is by far the best known. This H&S with 2 left shoulders was formed on BTC chart should be regarded as complete until the price breaks down below the Neckline, what it's doing right now. Volume confirmes the validity of the pattern (Volume Left Shoulder > VolHead > VolRighhtSoulders). Rally...
There is a structural phenomenon in the market that has been observed on both bullish and bearish side for hundreds of years, that when stock move, they move in sharp momentum bursts. A good momentum burst candidate has 3 to 20 days consolidation prior to range expansion day. ETC has been one of the best coins out there in past... drawing show...