shooowan

shooowan

Just noting what I see here on the lower and higher timeframes for BTCUSD. Near Term : Bitcoin has recently been creating hidden bearish divergences non-stop on the lower timeframes. It hasn't let up since it started dropping from the most recent high in the ~40k area. Looking at this current bounce that started yesterday morning, the RSI will be getting...

shooowan Updated 

Just noting the bearish divergence developing here. In the past when this has appeared on the 1-hour chart, we've usually seen BTC shed between 1-3k in value, though it can be more than that as well. Good luck out there

shooowan Updated 

Loom has formed an ascending triangle over the last month. On the 6h chart we can see a line of resistance that's formed at 0.1856, however we also have a second line of resistance that's formed parallel to our support trend line. The price can break above this line of resistance but it has a hard time staying up. If it can break above BOTH lines, we could see a...

shooowan

It looks like LOOM has formed a small descending wedge on the 1H and may be breaking upwards. Volume has decreased over the last couple days as the wedge has descended toward the current support trendline, and buying pressure appears to be going up right now while selling pressure is settling down. As usual, we'll depend on BTC to keep steady in order for any of...

shooowan Updated 

Looks like we've got a nice cup and handle forming here. Some people like to see the handles descending a bit but this one is forming what looks like an ascending triangle on the 1h. Looks bullish to me. Volume is low but if it picks up then we should see another leg up