Another update from my earlier post predicting that bitcoin could bounce around in the weekly cloud. So far the prediction has played out and it will be interesting to see if this occurs. This one is just for fun!
Ether has broken out of the Ichimoku cloud (double settings) and can't sustain the 100ma. Ether has tested the uptrend line twice and with this level of bearish momentum seems destined to test at least the 200ma with a break of the downtrend line with the potential to fall to $150 with a quick recovery expected due to the RSI being close to oversold. Bottom line:...
Bitcoin is currently in a bull flag pattern on the daily time frame. This bullish pattern is expected to break to the upside. However, the recent failure to test the top of the bull flag suggests increased bearish momentum. Failure of the pattern to the downside and piercing the ichimoku cloud (double settings) may lead to a trend reversal if recovery is not...
Also touches daily bollinger bands. Still room for more up!
Ripple bounces off critical resistance turned support on both RSI and price. MACD continues to break upwards towards high's as can be seen to the left. Stoch is defended at the 20 level showing potential for continuation upward, although the 80 level needs to be broken. Golden cross (50MA breaking 200MA) has occurred, another bullish indication along with...
One triangle formation leads to another, continuation seems probable.
If BTC dumps hard, ETH could get hit hard against the BTC pair
3 day cloud break (double settings) has occured, this is the next logical resistance to test.
Short from 8k
Double cloud goes green and prior 38cent resistance broken. As can be seen the previous pump from 30 cents to 80 cents could not break cloud resistance. Here daily cloud resistance is finally broken.