NCASH recent FUD has created a buying opportunity for those who want to enter. NCASH has fell to the edge of the Value Area in Price Volume. Ncash has a feisty volatility but we should use volatility to our advantage as a trader. With the overall market sentiment being bullish I would consider a small portion into Ncash and ride the wave. What to look for: Ncash...
Descending Triangle is a continuation to the bottom. ADX when hits 25 is a trend change. DI- is pointing to the bottom and hopefully DI+ will point to the top for the trend change. Price action needs to break the 50MA or see a new bottom. Strong support sitting around 0.00007127 Binance. Going to be long on this one even though its top heavy with resistance.
TRX is going to continue its bullish trend with volume confirmation. Overall performance rank (1 is best): 13 out of 23 Break even failure rate: 5% Average rise: 34% Throwback rate: 58% Percentage meeting price target: 50% thepatternsite.com
KMD has broken out of its bearish trend at the vertical blue line. KMD is looking to establish new support after it runs into oversold RSI and ADX. KMD is a legit project with the first decentralized exchange BARTARDEX to offer atomic swap. A very underrated project with strong developers, lots of github commits, and read this medium.com KMD will blow your mind...
BATBTC is in oversold and in the sell zone for ADXDI on the daily chart. BAT establishes new support and breaks out of a bearish trend. This is one of my long term holds that has a live product with open source github commits every day. Brave/BAT technology is integrated in Youtube, TwitchTV, and Washington Post. Amazon owns both TwitchTV and Washington Post....
Looking for Bitcoin prices to break the 50MA and RSI to break 60. This will break the bearish trend on the daily chart. What to look for: RSI to break 60+ Price action to break 50MA and into the clouds. Chikou Span(lagging Span) breaks Kijun-sen(base line). This will show long term trend change. ADX has been sloping down to 25 showing consolidation even...
Wanchain a community favorite along the lines of Aion, Wanchain, and Icon. It looks like a solid consolidation and steady growth building support. Looks like after it hit the exchanges lots of people are still holding onto this asset. Don't forget their Blockchain Interoperability Alliance, a shared goal of promoting interconnectivity between the isolated...
Ark is showing bullish movement breaking out of the kumo on the 4H chart. There is some room to go up on the daily chart as well until it hits resistances on the daily. Keeping a close eye on the RSI and DI for any movement. Entries Targets & StopLoss are all estimates: Entry - 33400 First Target - 37000 Second Target - 3900 Stoploss - 30800
ETC looks bullish despite the weak looking BTC. While ETC has been trading over a billion in 24 hours BTC continues to break support. I like what I am seeing on the daily chart. ETC is showing a lot of strength and has the potential to break out of the channel to the upside before the Callisto airdrops. I would expect that there is going to be a dump before and...
I thought BTC was going to be bullish but I spoke too soon. It looks like its hitting all the right marks.
Bitcoin looks bearish breaking supports on the 4h chart and indicators. If BTC price action is in the kumo cloud breaking top support and the 50MA/EMA. RSI also broke in the oversold and broke the black support trend. Green circle marks the best time to buy bitcoin - on its way down. Make sure you buy in small increments on its way down. Bitcoin is never in the...
Los Angeles 12:14AM. BTC Falling wedge is a bullish pattern that beings wide at the top and contracts as prices move lower. The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and...
Los Angeles 11:42 AM. I'm invested in ICX especially with the mainnet launch coming soon. ICX looks bullish if the following occurs: RSI breaks 60+. Price action breaks resistance. Adx black line crosses 25 with fat DMI spread. Macd doesn't have the best setup so it looks like it can run sideways for a bit until bullish break. BTC can outperform ICX in...
BTC is over extended and you can use MA EMA lines to see the crosses. In this example, I used 50MA and 50EMA to show where we found price drops below the 50MA and consolidation. Currently BTC is missing a reset that is needed before losing strength to the upside. Correction is healthy for BTC and helps investors find better retracement levels and targets. At the...
LTC ready to run Los Angeles 11:57 PM. LTC looks ready to run with the right setup: Litecoin needs to break downtrend RSI. Price action needs to break triangle to the upside. BTC needs to remain stable for LTC to breakout. Reaching target is easily doable. Macd ready to cross Not sure how LTC is going to move compared to BTC. I usually see BTC as the...
KMD is on a bullish continuation. Los Angeles 4:42 AM. KMD is consolidating for a break to the upside.
OMGBTC is showing upward trajectory. Bullish. Los ANgeles 4:20 AM. I think the only way OMG prices will find itself near 20MA is if BTC drops significantly or goes up significantly. If BTC remains stable OMG will continue to rise.
BTC sitting on 50MA support - If it breaks support we will see lower prices. Los Angeles 5:33AM. What to look for: IF RSI breaks 40 its going to be bearish. IF Price action breaks 50MA support we are going to see lower prices. IF Price action finds support on 50MA it will continue to uptrend. Price action breaking 100MA/EMA is a healthy correction and its...