Quick and simple TA on Bitcoin After ranging between 7700 - 8700 for almost a month, this weekend saw a breakout that surpassed 10,000. - After a brief moment at 10,250, we saw price action pull back quickly to retest 8,750 - This is a good sign showing strong support (which was previous resistance) - We now observe a possible bull flag formation and price...
Most people have been very bullish on ETH lately, but i feel that the charts say otherwise. If we do break out from the current short term resistance line, there is a major resistance level sitting at 0.0250 The oscillators are telling me a different story BEARISH... why? - Signs of RSI divergence to the bearish side - MACD crossover - Stochastic still trending...
After the bull market from late 2017, we've seen a significant uptake in Bitcoin Dominance, as most altcoins proved to be worthless. This is demonstrated in the ascending channel However, a few things to observe - failed breakout from the overhead resistance line - coincides with 200MA (in red) - RSI turning down - MACD crossover - Stoch RSI visiting bearish...
Nothing too sophisticated here, but noticing very promising levels to go long on litecoin. - Price level around 0.0070 is typically favourable (buy zone) - Nice consolidation (look at shorter time periods) - RSI in the oversold region - MACD looking like its about to curve back up RR Ratio (no matter how you plot it), seems very favourable You determine your own...
Don't miss out on this longer term analysis, which includes the Bitcoin Halving Events in 2012, 2016, and the upcoming 2020 (vertical lines in green). This is a combination of 2 main indicators: EMA Ribbon - We observe longer line in green (indicating sustained uptrend) vs red (indicating sustained downtrend). historically, the red portions are relatively...
Large wedge structure developed on the daily THREE is the magic number !! 3 instances of price testing the upper wedge structure 3 instances of price testing the lower support level at 9300 Some indicators to look out for: - RSI is descending ever since the high on 25th June, with little sign of divergence - MACD also exhibiting similar traits, currently showing...
Looking at this longer term analysis on BAT, We've seen a sustained downtrend in the past few months, HOWEVER, Price point for entry is starting to become favourable - RSI and MACD divergence detected - Price is testing the trending support line Watching for volume and a possible reversal. Buy volume needs to come in, followed by two main requisites - Break past...
Quick TA on BTC Observations: - Price action trending within larger wedge structure - Respecting lower bound of Ichimoku Cloud - Seems to have broken out from the Bollinger Band squeeze, but to the downside - Bearish crossover 50MA over 100MA - Testing support zone (highlighted in orange) - If this fails, next support level is 200MA or $8000 - No divergence...
Hi guys, lets take a quick look at this long term TA on ETH/USD We observe that the region between $150-180 has served as a crucial pivot level as significant Support as well as Resistance. Currently we can see price action narrowing towards the 50MA (in green), coinciding with the lower band of the Ichimoku Cloud. We also see signs of a Kumo Twist foretelling...
Welcome to this quick TA on Bitcoin SO WHATS BEEN GOING ON IN THE PAST WEEKS?! We see that BTC has been bouncing within a descending parallel channel. Within this channel the price volatility has been decreasing, coinciding with the decreasing volume. You will notice a resistance trend line (white dotted line) plotted within the larger structure. This trend line...
Quick TA on our king Bitcoin We have observed the following, - Price action trending in a downward channel - Recent Death Cross printed with price action maintaining below the short MA (in green) - No divergence observed on RSI (downtrend maintained) - No divergence observed on MACD (downtrend maintained) - Volume is diminishing - ADX + DI bearish momentum is...
Does this mark the end of the short-lived bull market? - Massive Wedge Structure. Price action will have to break out from the overhead resistance to resume bullish momentum - Consistently finding support on the 200MA (in red) over the past months, but only to recently fail on this support level yesterday. Will need to observe as price action retests level as...
Just watching the dominance charts on 'shitcoins' A large wedge pattern has formed as altcoin dominance repeatedly tests the 5-6% level This coincides with high in 2016, followed by a cupping action and the massive altcoin explosion in 2017. Are we retesting the previous resistance as the new support level? Here we see a huge RSI divergence forming - could this...
First TA on BNB! Sorry to be the 'BEAR'-ER of bad news, but its looking bearish Large descending channel has been printed in the past few months of massive volatility, leading up from binance chain and binance dex. 'SELL THE NEWS' right? Anyway, just looking at the technicals, BNB has consistently printed lower lows and lower highs, with little signs of...
What an exciting week with BTC We witnessed a struggle at the 10k mark momentarily, followed by a surge in price action upwards after barely tasting sub-10k levels. For those 'stop-hunted' at 10k, im sorry... Marching on... We see a nice reversal on the MA Ribbon to the uptrend at the breakout zone of the large descending wedge structure, retesting 12k levels....
Quick TA on ETHUSD We see ETH price action testing the lower bounds of the upward channel Looking like it is priming for a parabolic advance, so hold on to your seats all you bulls. HOWEVER, watch out for a breakdown from the upward channel, with the lower bound at the 200-240 range. Bearish divergence on the RSI is forming, signalling bearish impulse and...
Quick TA on the Bitcoin Hourly! It's been a rollercoaster ride these past weeks, especially in the last few days as massive price volatility has gotten everyone in frenzy. After a breakdown from 13.7k, down to almost 10k, we observe the failed support of the trend line, testing the 200MA (in red). It seems to be consolidating around the 50% fib retracement. The...
Cardano! Shelley! Or just a flop? Buy the rumour, sell the news? Seems like this is what happened to Cardano, with a nice swing high, breaking out from its inverse HnS, together with much news on the explorer, partnerships, Shelley testnet etc. Anyway, enough ranting about old news. So what is the chart telling us now? I'm rather optimistic for the following...