Today we had a spike up which could have been expected, but I still don't see any change in the bigger picture. We are seeing a correction and it is very likely that we will see a new bottom.
I will watch how these two setups develop over the next few days. In the upper scenario I will be looking for a breakout of the flag to the downside. For the lower scenario I will wait for an entry signal. Right now there is none.
I think we are at the end of this big Tron move. But I am in for one last upward move. I will take profit in the 0.02880 area.
We are still in the middle of a bigger correction meaning that downside is expected but currently there is a small buy signal on H1 and H4. Wait for confirmation before entering. Take profit as the long term outlook is returning to 3k or lower.
The volume is getting low and an impulse could end this correction anytime now. Nearly the same flag pattern on all major crypto charts
The latest H4 candle has just closed and it doesn't look good. I think we will see a retracement to around 3555
History repeating itself over and over again
The sellers are still in favor and each time we see a small push upwards the sellers are still to strong. I think that we will see another sell off soon.
EOSUSD is forming a huge divergence. It might be too early before it turns, but when it does there is at least a 10% upside - at least. So look out for this one. Be aware that it could take one more down before going. Ultimately the low would be at. 1.6 - 1.8.
We have already seen some movement to the upside on ETHUSD but there is more to come. We might go down one more time however there is a strong divergence on the MACD which indicates a reversal is just around the corner. BTCUSD is also looking good. As we all know it keeps dictating which direction we are going but the MACD and a divergence has also been spotted there.
XRPBTC to go down a bit more before we will find next trendline and hope for support
For a long time I have kept an eye out for REP. After the huge drop in Bitcoin and basically all cryptos we are getting a rebound. REPBTC has already begun to turn and I see a really good opportunity to trade this rebound for some good profit. The divergence in the MACD shows that we are at a turning point and I will go in now with a tight stop. Good luck out there!
If the next H4 bar closes in green then I think that the MACD divergence is a strong indicator for a possible rebound. However I also see a bearish flag on M15 which could give us one more down. Worst case we will end up in the area of 4500. #BTCUSD #BTCUSDT #BTCUSDC #Bitcoin
We will most likely see a small retracement before further upside
A nice flag on XRPBTC. I think we will see further downside the next days
Nice flag on ETHUSD is forming I think this is a good time to take profits.
I think it is very likely that BTC will fall 10% very soon. Even though the MACD is looking good I fear that we haven't seen the bottom yet. I am ready to sell out.