I know we're all excited especially with Alts taking off, but before we cross that line, I'd be cautious calling for a trend reversal.
Most bullish thing about these past couple days was the record breaking volume.
In my opinion, we're headed further down before breaking into an actual uptrend.
Based on the fundamentals, VeChain is probably my favourite project in the crypto market right now.
The price dumped after their rebranding event(buy the rumour, sell the news). The blue box signs strong support and has held up multiple times now.
We've been rejected by the 4h cloud and are on our way down at the moment.
Now two of the fibs line up around the...
Alright, here's a little summary of what to look out for with $BTC. This is an analysis purely on trends, no indicators are used.
A : We broke below the long time bullish trendline, when we went down to about 6k. This was a major bearish sign but $BTC, as it does, doesn't care for traditional signs and bounced back.
B : We had a bulltrap fool us in January,...
If this trendline is broken, the bears fully have $BTC.
We bounced off of it to perfection, now we just have to hope it's a reversal and not a dead cat!
HOLD strong!
One of the most undervalued coins on Bittrex. Huge upside potential. Volume has been picking up but we're still waiting for a major breakout.
The flat top of the daily cloud acts as a magnet, so the first target/resistance is at 0.009.
The next fib targets/resistances are 0.0117 and at 0.0167, all time high(closed candle) around 0.03.
It looks like a reversed H S H pattern has formed on the BTC daily.
That being said, I think we're in for some more sideways movement before that potential bullish trend takes effect.
