dymomite2

dymomite2

PA for BTC has been stubbornly close to the monthly resistance line. It appears that BTC is running out of steam... for now, that is. Don't forget that China just recently banned all the crypto transactions. So a new impulse from fearful traders can start to emerge. What I find intriguing is that China decided to ban all transactions at seemingly the "perfect"...

dymomite2

There is a massive ascending wedge forming on the weekly timeframe, which is an overall bearish pattern. Not to mention the double top that just recently formed. Also, there seems to be a bearish Exaggerated Divergence, which happens when the oscillator makes lower highs and the price creates equals highs. Whenever price touches a support line or resistance line,...

dymomite2

Astra broke its major support and is currently trapped underneath it. Without a successful breakout to the upside, it's toast. The good news is that the RSI is relatively low and is currently staying in the moderate Bollinger band, showing the potential is there. But that's only to regain the most critical support. If it were to break out and turn it back into...

dymomite2

Combining BB and RSI together is something magical. ETH is experiencing some major resistance combined with RSI being really high. On top of that, the price is exceeding the top Bollinger band. Just like everything else, ETH will return to its middle band and a moderate RSI, sooner or later. But probably real soon.

dymomite2

Let me know your thoughts and questions down below!

dymomite2 Updated 

ETH has recently shown to all how powerful it is, with 13 consecutive days of continuous growth! As amazing as it is, what comes up must come down. Don't get me wrong I love ETH and I believe it is a wonderful investment and the future it can bring to the world. But in the meantime, I think this pattern will break our local 4-hour support and test our previously...

dymomite2 Updated 

ETH looks to have a head and shoulder formation coming along. Expect a drop to the 3550s. If you look back on the 15th of this month, when one of the major dips happened, you can see the resemblance.

dymomite2 Updated 

Every time ETH touches that resistance line, It goes back to the support. The event we just witnessed is on a smaller scale than what is actually happening. ETH is definitely in an ascending triangle, but it still has time to take off. I predict for it to be at the 2355s later on today.

dymomite2 Updated 

Hey guys I believe this to be a bullish divergence because even though it had made a lower low in price, on the oscillator there was a higher high. Let me know what you guys think.

dymomite2 Updated 

Watch out, on the 3 HR time-frame, there is a 3 method bearish pattern that just formed. If the first support cannot catch this fall it will test the second @ 2k. If it breaks and closes below that, run home. If you look at the size of the symmetrical triangle it makes sense why the dip will be massive. BUT... There has yet to be confirmation of the downtrend...

dymomite2

like my last post, I believe that ETH will bounce off of the support line around 2300. If not and it happens to close below on the 1D, expect testing @2K. If it falls below 2300, that support line now will become.. a rather annoying resistance. But we are still in the ball game as long as we don't break @2K. That's game over. If ETH follows the support at @2k...

dymomite2 Updated 

I believe that ETH is forming a huge W!! If it plays out then it is for sure a reversal!

dymomite2

There is currently a huge descending triangle forming that will most likely break through the 3500 I expect it to go to at least 3k- major support is around 2.7-.8k