Hi everyone,
There's so much negative press every time Bitcoin drops more than $200 in a day. Fud creates more Fud until the weak are shaken out and the whales can scoop it up for cheap.
I'm here to tell you that this is not a huge surprise. Coindesk is claiming BTC has fallen out of a pennant and doom and gloom is upon us. That "pennant" which was neither at...
Quick TA on NCASH -
Following the massive breakdown on NCASH, we have found ourselves in a falling wedge pattern. The likelihood of this pattern breaking upward is higher than it breaking down from here, but keep in mind we have a 25-35% risk that it could go lower.
Tendencies of this pattern include false breakdowns/breakouts. These fakeouts will be outside...
Here's a quick analysis on IOST for the short-term.
Watching the 15m charts, a hidden bullish divergence is forming between the Price and RSI. This divergence, along with the support line in white and the .786 retracement level, should be enough to break IOST out of this descending channel.
For price targets, I'll expect any of these retracement levels, but...
Signs on the 4h chart pointing to BTC breaking the triangle pattern. This could result in 1 of 2 things.
Reversal: There's a decent chance that we see BTC start a new market cycle, given the constricting of the MACD ever since Dec '17. This will either be a breakout (treating the current wedge as accumulation) or begin a new accumulation phase in which price may...
