Not trading advice - for educational purposes only. There could be a head and shoulders developing on XRP (and others) that is located on historically significant support/resistance. If the right shoulder continues to develop, it could lead to a fall to somewhere around .12. This would align with previous support, but price could also fall lower due to the...
BCC has been in a falling wedge and appears to be nearing the end, which may set the occasion for an increase. As can be seen, BCC has seen very rapid rises in the past. RSI appears to be on a slight increasing trend (also seen in the 4 hr, see below). MACD could become bullish (or remain bearish and is flip-flopping in the 4 hr, see below). Volume is very...
WavesBTC can be seen on the daily chart to be at or near the lower resistance. For educational purposes, this may be a good place to consider a buy. RSI is near oversold level and appears to be showing higher low while price showed a lower low. Keeping in mind the time scale, WavesBTC 0.37% appears to be well-positioned to move up as things play out with BTC...
ZEC can be seen on the daily chart to be at or near the lower resistance. For educational purposes, this may be a good place to consider a buy. RSI is near oversold level and appears to be showing higher low while price showed a lower low. Keeping in mind the time scale, ZECBTC appears to be well-positioned to move up as things play out with BTC over the next...
ETH (and BTC) have been moving in downtrends for a couple months. Within these channels, they have been following HS patterns on differing scales. ETH is setting up for a larger HS pattern (as is BTC) which could signify a final move to break through the correction channel. For more discussion, see BTC link below, including relation to RSI patterns. This is...
BTC has been in a corrective movement for a couple months. Within these movements, it appears that there have been recurring head and shoulders patterns of different scales. Within the last couple weeks, there appears to be a head and shoulders within a head and shoulders. In terms of predicting future movements, this analysis is more than just an illustration...
Looking at recent patterns with ETH since the high, we have seen a drop then sideways trading, then another drop. In looking at the trading following this second drop (black line), it is very similar in pattern that seen with the previous drop (blue line). If this pattern continues, ETH may be setting up for another drop. To be clear, the black data path is...
XRP may have completed a cup and handle formation and is in the early process of moving up. This would follow with the recent trend in breakouts from other coins and suggests a shift in market confidence (for at least the short term). A move up is also supported by RSI on 4 hour and longer time frames. An increase in volume would be another strong indicator...
Since December, BTC has been going through cycles that can fit with several different analyses (e.g., the use of bear flags to illustrate periods of decreases followed by increases along a trendline to the next decrease - it could also be examined using wave analysis). The following analysis is used to illustrate the similarity of these patterns and examine...
BTC has had a nice run, but traders may be ready to take some profits. RSI and MACD on the 2-hour charts has had lower highs since December and it has moved through the top of the triangle. If this previous triangle pattern holds true, then BTC will drop again. This isn't a trade recommendation, but highlighting a potential change. If it drops, it may drop very...
BTC has had a nice run, but traders may be ready to take some profits. RSI on the 3 and 4 hour charts has had lower highs since December and it just touch the top of the triangle. If this pattern holds true, then BTC will drop again, possibly to retest the 5-6000 resistance level and potentially lower. MACD also shows a similar triangle formation that needs to...
There continues to be evidence of bearish trends and currently, there is a very nice Bat pattern forming. If the pattern holds true, we can expect a reversal to decreasing trend and head toward 7500 levels. This is further supported by RSI on daily charts, suggesting, based on history, BTC will drop for a while longer. **This is not trading advice, and you...
BTC appears to be aligned well with a Gartley pattern that suggests BTC may decrease to around 6000 before resuming a more sustained bullish trend. Evidence -The increases through December and subsequent drops form a appropriately-proportioned bullish Gartley pattern. -Looking at RSI patterns, (daily) similar high levels were seen last year and over the course...
BTC is down, ETH is down, stock market is down . . . can BTC short term movement be predicted. In looking at RSI, we are approaching low levels seen with some of the previous drops. If we use these levels to examine the conditions preceding the drops and the low RSI levels/reversals, it appears we may be setting up for a similar drop. If these patterns...
BTC has been moving in a broad channel for a couple weeks. It is currently making a run at the upper resistance of the channel and may finally be able to push through. If it does, it will test a narrower channel that been in place for less time, but has been tested several times. It is unclear which of these channels is a truer index of market sentiment. If it...
BTC appears to have gone through a couple triangle patterns (currently appears to be wrapping up a second one. Evidence for the triangles is supported by the lower highs and higher lows as opposed to a hard resistance level (shown in by the rectangles). If this pattern holds true, BTC is setting up to drop in less than 24 hours. If the drop is similar in...
SPR looks to be heading for another nice jump following completion of the current pennant formation. Based on past patterns, it appears likely that it will break up out of the pennant. Then after it breaks out of the resistance, it will move up through the established channel and continue through the top of the channel. Finally after passing through the top...
Wings looks to have a Pennant and will be moving up relatively soon. This is following a steady increase along the pictured channel. RSI also suggests an increasing trend. Bought a little extra as it touched the lower support line - Looking to take some profits after it jumps up.