Hello all, the last few days I've been watching APPCBTC build a nice foundation for a larger push up through local highs. The On-Balance-Volume indicator shows a nice rising wedge which indicates that throughout this small fall in price volume has not really changed (which is positive news). This coin has so much room to grow and, given that BTC doesn't fall to 5k...
APPCBTC hitting a key support here and confirmed by an RSI divergence. Would definitely do your own research and look into going long here based on TA (Providing BTC doesn't plummet).
BTC was in trouble yesterday when it battled the major support yet it had some huge buy volume that launched it above local resistance and on-wards, pulling it out of the red zone. Most likely it will push up to the major resistance now and just cross our fingers this time it breaks through, because if it does then it has little heavy resistance till 20k. On the...
BTC seems to be holding around the 7.7k support and shows off a natural harmonic pattern. Optimistically, BTC could see a bounce off this support and up to the major resistance that it recently tested and will test again in future. Good luck trading!
ICX is slowly forming a falling wedge as is moves towards the 0.618 fib retrace. I've designated the small green box as a good LONG zone. If it falls below that support zone it could be more downhill. Otherwise it will break upwards through the wedge and reach for 6k easily.
It will be fun the watch the journey back up to 20k (if it does) as BTC battles through these crucial resistance zones which lay on the fib retraces. Expect larges pullbacks whenever BTC enters one of these zones. THIS IS A BULLISH PERSPECTIVE ONLY.
BTC showing a nice little RSI divergence on the 4hr. Usually an RSI divergence results in a reversal, so we also got that going for us.
We may have a falling wedge here with bitcoin. But it will definitely fall further so don't get to excited if we see a bullish run to above 10k again. Most likely will retest 9k in the future and even fall to 8k/7.5k if it gets really bad. Bitcoin currently holding on the 0.618 fib retrace based on where I placed my fib (its all subjective).
We've already witnessed a bat pattern leading to a further down trend. And again we see another bat pattern forming along a tested resistance line. If BTC cannot push through the resistance we will see another crash down to a lower support line thanks to the bat pattern. Will be interesting to see how it pans out.
Draw in trend lines with support and resistance aswell. Price currently sitting on the 0.61 fib retrace and consolidating before dipping to 600 or testing a new resistance at 1000. Going to be hard for XVG to break 1025 area and we may even see another dip to 590 if the market fails again.
If it breaks out the top of the wedge then we could see a retest of the ATH.
After ICX retraces to a strong support line we will see a large bullish movement upwards through the ATH and to the next resistance in the channel.
Exactly the title. When we hit the 50% expect a bounce (if the market doesn't crash again). There is also a support build at the 50% area aswell which will also help. Place those limit orders!
Massive bullish pennant in XVG. Place your limit buys at 1000 and also 900 if it decides to drop a bit further. Then wait for that 90% moon baby!! Price currently sitting around the 50% fib retrace aswell which acts as a strong support ALWAYS.
Bouncing off the 50% retrace and also hitting a large support previous to the last pump. Upwards from here.