BTC is showing a bullish divergence in the daily timeframe. It is now battling the EMA20 and if it succeeds, it can move up to EMA50 at 7800$. you can open a long position after clear breakout of the current resistance.
ATOM is showing a bullish divergence. It is moving above EMA10 which is also a bullish sign. The next target could be 2.89$. Please hit LIKE if you find this idea useful:)
BEAR hits the bottom of the descending channel. if it succeeds to break the lower line it can go down to zero! but it might bounce up to about 40$. what do you think?
It seems like BTC is printing an H&S pattern. What is your idea? Please hit LIKE if you agree:)
I believe that there is not enough power to overcome EMA20 yet. Stochastic is bearish and the current candle looks like a doji. Even if BTC conquers EMA20, it hits the strong resistance. Either way, I think it will move down to the lower edge of the triangle. Please hit LIKE if you find this idea useful:)
If BTC breaks the 4076$ support, it could go down to 4120$. otherwise, it bounces back to 5300$ and then 5600$. Please hit LIKE if you find this idea useful:)
BTC has been playing to pass EMA20 for hours and has formed a triangle. It seems like there is no power to push it up and it might go down every moment. Wait for a clear break out of the lower edge to open a short position. Please hit LIKE if you find this post useful:)
If the monthly trendline doesn't hold, BIT will be dead!
It seems like that BTC is forming a "Double Bottom" on 1hr chart (It is not confirmed yet). If everything goes well, our potential target could be around 8600$. Please hit LIKE if you agree with this idea:)
As you can see, on the 1hr chart RSI has increased while the price has dumped which is a bullish sign. It won't be easy to move upward, because it has to overcome EMA20 and EMA50 which are now close to eachother. Please hit LIKE if you agree with this idea:)
RSI and MACD have increased while the price has dumped. This shows the possibility of getting back to the green daily uptrend line. But what is next? Does BIT get above the green line and continue the upward move or it dumps again to touch the resistance at about 7450 to finish the H&S pattern?
We have seen traders interpret the BTC chart patterns as Cup & Handle or Head & Shoulders: 1. Considering the h&s pattern, we have to move lower to touch the uptrend line at about 7400$ and then we can start the move up to 14000$. 2. Considering the C&H pattern, the handle has already formed and we have begun the move up to 14000$. The coming week will clarify...
On the 1 hr chart, BTC is moving inside a rectangle. The volume is low and RSI and MACD are heading down. Anyway, as long as the price moves inside the rectangle we cannot open any positions (either short or long).
On the daily chart, BTC is stuck!!! EMA20 and EMA50 are acting as resistances. It seems that bulls don't have enough power to overcome these resistances and I believe the price will retest the green uptrend line. Please hit LIKE if you agree with this idea:)
The previous H&S pattern shown on the chart failed and ended in a bullish move. There is another H&S forming on the daily chart. - We have to conquer very strong support to complete the bearish move of the newly formed H&S. - If the H&S pattern fails, at first we have to battle the red EMA50 and then the blue weekly downtrend line to complete the bullish...
We all have heard the fundamental news about Elon Musk Support for dogecoin, but there are also technical signs for a near bullish move! RSI and MACD have raised while the price has fallen and this shows that the price has to move up soon. Please hit LIKE if you find this idea useful:)
Matic just broke out of a daily descending channel. It can grow up to 0.027$. Please hit LIKE if you find this idea useful.
what do you think? It could be a move up to make a HH or it might be going to form the second shoulder!!!