(+)
-4h penetrated 10 and 20 EMA and closed above them
-we hit a region from where a 100% rally came, so some buy volume is expected in this area
-usually grows when btc is growing
-a few bullish patterns formed
(-)
-could just be a volatility
-increased volume after breakout, but still overall low
ICX broke out of accumulation zone and a while looked like a pump and dump pattern. Buyers stepped in and prevented the price from falling. 50% fib retrace level confirmed as support and 4h candle is now looking to close above the initial close. There is also a multi timeframe confirmation on the move, including 1d, 4h, 1h and also smal 30 and 15 min timeframes....
ERD is a coin with strong fundamentals, regular anouncements and low market cap. It also had a large pullback from ICO launch. It is listed on binance and other listings are coming in. At this price it is strongly underpriced. Buying at this price will also give you a nice ratio of 3%/pip, meaning a little move can provide reasonable profits.
KMD created a nice head and shoulders pattern which seems to provide enough momentum for it to breakout. KMD was also one of little alts that had sustained or even gained on btc while it went though a bigger selloff
SPX managed to gap down after a freshly created all time high (ath), which proved to be a strong resistance. Weekly close left us in no man's land.
The new ath also came short 5 points off 3000.
Hey,
for a long time, I was thinking about posting my ideas here and get some feedback on them from you guys.
So why should it break or even retest the border of the symetrical triangle?
Because the symtrical triangle on RSI failed to break into an oversold zone (looking at the 4h chart). It was confirmed on an MACD bull cross and thats why I'm SHORT TERN bullish on Btc.
