It had that little breakout from 405 satoshi's but couldn't push past that resistance at 420 which I had posted yesterday. Right now I've drawn out the "BEAR FLAG" and have measured the % retracement from 420 to the bottom of the first leg down at 386. Then I measured from the peak of the flag at 397 to the next support level. Both measurements equal to around...
Potential Double Bottom on VEN/BTC. Currently monitoring volume and setting up some entry points in a few.
Possible Bear Flag forming on BNB/BTC. Measuring the peak to the bottom of the flag to the second peak has us dropping down another 6%. I've got some alerts set up for this and am going to accumulate BNB before the next coin burn in April.
I went ahead and drew the bear flags out. Additionally, I measured each "peak" of the flag to the next leg down before the rebound which came out to around 23% each time. That being said, the possible final leg down will hit around $6.5k. The G20 Finance Summit is on the 20th (next Tuesday) so the news from there will most certainly affect how the market...
Bear Flag BTC 4hr. I shorted at $8320 after my stop limit buy hit at $8k this morning. Expecting next support at $7.5k with another dump to $7k. Lots of people are saying BTC will drop to $6k to get the double bottom on the daily. I'm moving into tether and waiting for the $7k bounce and possibly shorting there.
Quick update with NCASH/BTC on the 4HR As you can see it's pulled back 50% on the Fib Retracement. RSI is irrelevant here because the MACD is still showing downward momentum so the selling hasn't finished just yet. As far as the Volume goes, the buyers haven't gotten a good foothold yet. I'd like to see at least 1 or 2 good volume bars and candles on the 4hr...
BTC had a sell-off due to the news from S.Korea (again). The last candle has closed lower than the previous low. These are my support levels that I'm looking at. Currently, I have some orders set up at $8400 and $8000. I'm sitting on the sidelines at the moment.
Looks like we have a Cup and Handle on the 4hr chart. I'm looking at this price right there as the target, I believe it is around a 13% gain. Don't forget last date for people to lock in a Masternode is the 20th so I will not be surprised if we get some movement.
Ascending Wedge on the BTC 4HR. Today started off with a nice little rebound from that bottom support level I had. Alt's went on a nice little run, however, I'm staying in Tether until BTC has found a good base. BTC is not getting enough volume and I am expecting that the traders who bought earlier will be doing some profit taking real soon.
Daily shows a double top (Obvious) 1 HR shows a possible bear flag forming as well so definitely keep tabs on those charts!!! These are the support levels I'm looking at. I've relocated all assets into Tether and am waiting for it to bottom out and the EMA's to catch up.
Looks like a little pennant is forming, keep tabs on the volume for a possible breakout on the upside. I'd also make sure to also watch that little support level.
BTC is seeing resistance at $10.4k .Short term target is $11k. I'd like to see more volume push the price up. That being said, the EMA's are crossing over on the 4hr and the candles are closing above the 10 which is good. As always I make my charts in the morning and my final trades at night. One thing I've noticed is that when the U.S goes to sleep, the...
Looks like we are going to get a possible Cup and Handle on VeChain over the next few days which would coincide with the rebranding. We will possibly test the ATH. #allthewayup
Bear Flag. Expect a test at this next Support level. If we get enough buyers to step in and push the volume then perhaps the 10 EMA will have caught up. BTC is currently oversold. Today will determine where we go.
Got a possible Head and Shoulder Pattern on VeChain. We won't get a confirmation for a few more days, but if it does happen, it will coincide with the rebranding on the 26th. Keep in mind, this will happen over the course of the next 3-4 days. Just something to keep in mind.
So, I went ahead, did a little Fib Retracement to confirm the pull back and corresponding rebound. It is a little choppy but it seems like the patterns are starting to tighten up. That resistance line will be your target price if you're selling, but if you're just holding, then keep tabs on that to confirm the breakout and rally. The EMA's are still playing...
We have been due for a pause for a few days now. On the plus side, we've established a few good support levels. The next 12 hours will show which direction we go in as the Asian market begins to trade. If we do see a little more selling off I fully expect for BTC to test the support levels mentioned. Overall, I'm still bullish on BTC.