Title pretty much says it. Makes me pretty bullish if we hold. Prolly will not just bounce off this... let's see what kind of volume we get in the next 12-48 hours atleast.
Testing 50 week sma for the first time in quite a while. Thinking it's prolly more bullish than bearish.
Look at a monthly chart and stop being a derp. Until this breaks down there is nothing to worry about. If it does, switch to the percentage chart and brace for impact. FFS
This is the time to buy, if the weekly candle closes below the red line brace for 5k. but i doubt it'll do that since, ya know, monthly. Also golden cross on weekly MAs. If are selling/shorting here you probably have a 2 digit IQ. That's ok though. we need someone to buy from. Subscribe if you naturally need a longer term perspective. I'll be posting more often....
XLM volume is starting to look like a big move is incoming. Being that the supply just halved I'm leaning toward a move to the upside. Likely a move toward the red dotted trend line.
Just an observation
Just something to keep an eye on.
Just a quick chart to show some of the support areas for RVN. Some thoughts - 530 Sats is the only area that was tested twice - 530 Sats is also at the 68 retracement range - 4 hour MACD has crossed bearish - Daily RSI will be out (14 bars) in a day or two so if it does manage to stay at current levels or moves up from there it will be severely overbought - 4...
These are the wedges I'm currently keeping an eye on. Sideways trading can still go on for another week or so, I'm waiting patiently and being leary of traps. Prepared for a move in either direction. Green wedge crux is around the 12th Red wedge crux is around the 18th
I've been waiting for a chance to get my 40,000 yoyo traded for the Binance contest (missed the boat on that) but noticed this set up since I had it on my radar. Why I like it: Bullish divergence Just bounced off a key support level Things to watch for: Macd is increasing but looks indecisive Volume is super low today
Macd about to cross agressively. We are also below all MA's for this timeframe. Short 15 min candles. keep an eye on this!
Bearish engulfing forming on the daily (especially if it goes another leg down) at what appears to be a bear flag on the daily. Today already has average daily volume and we have nearly 8 hours left (something like Aug 8th and 10th's volume). I really think BTC is heading for 5200-5400 range for the next flush out. Your alts will get destroyed if t his happens. ...
Guys, I really think ALTS just "pumped" today because they simply needed to. It wasnt news or a slew of new retail/commercial investors coming on board. RSIs were oversold on the daily for nearly all alts. BTC price and dominance have stayed roughly the same while alts have gone up over 30% in the past two days. I think today was just oversold RSI pump and BTC is...
That green line is the 50 MA. This chart is in months. If this were a newly released ICO on Idex with that chart....would you buy right now? Until there is a REASON why there is NEW $ coming in it's just hopium.
EVERYONE is thinking there will be a short squeeze. It's all anyone is talking about anywhere. Do not assume twitter is giving you the correct info. Remember when they told you everything would be ok and to HODL back in April?
Idea is pretty much explained on my chart. Please comment and leave a like. :) Oh yeah, and the last few bars on volume are decreasing
Just my thoughts. Good luck out there and be patient!
I personally am have my limit buys layered in from 5800 to 5000. We are in a downtrend and nothing is indicating a change in direction. Bearish til I see something that indicates a clear change in trend and Bart Simpson patterns aren't doing it for me. Please leave a like if you agree, it gives me dopamine and I love that sh*t. Oh yeah, incase you haven't figured...