As we can see clearly on chart, orange line (50-day Moving Average) crossed green line (200-day Moving Average), which is called "Golden Cross" in literature. RSI Momentum seems bullish as well. I'm expecting a nice, satisfactory bull run from $MTL. Not an investment advice, please do your own research before investing.
Based on XRP market cycle, Bull Run is quite near. One last fall to between 5080-5350 seems to be the beginning of "the sunny days". My assumption is based on how first bear market ended (at the support of first bull run peak). So I think we will find a strong support at second bull run's first peak, which is 5080 sats.
As can be seen in chart, while price makes higher lows, RSI makes lower lows, which indicates a hidden bullish divergence. I expect a bull run for STORM. Not an investment advice, please do your own research. Kind Regards
Being one of the strongest alts during the bear season, OMG just completed cup with handle formation as it broke the downtrend after the cup shape. Two weeks ago, I shared another OMG chart when it formed a double bottom, and it worked well: Now it's second round :) Target: 0.0251 BTC (44% increase from today's price). Not an investment advice. Please DYOR.
Just like many other alts, NEO formed an Adam & Eve as well. Seeing this reversal formation in almost all the alts means that Bull Season is on. NEO Target: 0.0111 BTC. Not an investment advice. Please DYOR.
LTC has broken the downtrend channel, and almost formed an Adam&Eve (or you can say another type of double bottom). If formation completes, the target would be 0.0205 BTC. On the other hand, while most of the alts jumped up, LTC hasn't moved its play yet. Therefore we may see a bigger move. Not an investment advice, please do your own research.
Lately, I've been pursuing only some formations (e.g. double top, double bottom, head&shoulders, etc.), but this idea is apart from formations or technical analysis. This is purely market cycle idea. There are 7 similarities in two different period of WTC. According to this cycle, ATH is soon, I'm buying this. P.S. I feel like gambling when I invest without TA,...
Most of the alts are showing double bottom reversals lately. I shared $OMG and $ETH double bottom formations before, and they both hit the target. Now it's $LINK's turn! Target: 0.000066 BTC. Not an investment advice. Please DYOR.
When a chart forms a "Double Bottom", the price should go up as much as the height of the triangles. Target: 0.00171 BTC Not an investment advice, please do your own research.
Previously, I shared ETCBTC chart to show the similarity with the Psychology of the Market Cycle, and stated that I believed we were passing the "Disbelief" phase. I still think the same way. Today I realized that ETC holds strongly at 0.00198 level as it did last huge BTC drop. IF -it's a big IF- it doesn't break that support, it is quite likely that we would see...
ETH chart formed a double bottom inside a double bottom . The smaller one (shown as "1" in the chart) has completed its formation, and the target seems to be 0.0588 BTC. By achieving this level, bigger "double bottom" formation would be completed, and next target would be 0.064 BTC.
A double tops formation seems quite possible soon. If it forms, BTC may visit 7600 levels again, and hopefully that strong support will help BTC to jump back.
As I mentioned few days ago, a death cross is approaching on BTCUSD Chart. 200-day Moving Average has been a strong support so far, but it's likely to be broken soon. Since we saw a "double tops" formation lately, I expect BTC to fall to 7200$ at least. However, combined with Death Cross effect, we could go down further. Note-1: This is not an investment advice,...
50-day Moving Average is getting closer to 200-day Moving Average from above, and if it crosses we will see a huge dump. I have always been trying to ignore this, but it's right there and scares the shit out of me. There also seems SELL signal from MACD chart. I guess we are gonna visit 7300$, maybe move further to 6000$ again. I hope I'm wrong. Do you agree with...
It looks like an inverted head & shoulders formed in daily periot chart of DGBBTC. Usually, this is a sign of reversal. RSI is nearly oversold. We could see a bullish move in Digibyte soon.
Cardano is just touched the uptrend line which has begun on last November. If it stays strong here, based on RSI and MACD values, I assume we will see a rally. On 5th of April, Cardano Roadmap will be updated. It's big chance to see some exciting news. By the way, I don't have $ADA, it just picked my attention. I will observe closely how it plays, and then I will...
You probably familiar with the famous Pyschology of a Market Cycle graph. When you compare it with ETCBTC chart, you can see the similarity, and we are just passing through the DENIAL phase. I was planning to HODL until May, but recent news made me question my decision. Now looking at this similarity, I again decided to HODL.
When I looked at ideas about ETHBTC, I saw some negative expectations, and decided to share my opinion. As I set the chart's periot to 1D. I see 4 "buy signals": 1- Golden cross occured at the end of Jan. 2- RSI hit 30, and jumped back. 3- Macd: blue line is about to cross red line from below (also about to cross zero line from below). 4- Hull Moving Average:...