veerakumarnice

veerakumarnice

Don't get excited with the bullish moves btc is doing now. It is getting ready for a massive drop and then a massive raise. This wobbling of rates was seen in the right shoulder of the head and shoulders pattern in the 6.8K range. so we may face a massive drop soon.

veerakumarnice Updated 

BINANCE:TRXBTC TRXBTC seems to have bottomed out around 489 satoshi and finally making upward movement. It is notable that the pattern formation seems to be making an inverse head and shoulders. Need some momentum to get pushed upwards. But RSI is has bearish bias as of now. Profits can be made once it slopes upward.

veerakumarnice

BINANCE:TRXBTC TRXBTC is having a tough time as mentioned in the previous post. It is now trading at 0.786 fibonacci (April 4 low to High ) which is acting as a mojor support. MACD is showing bullish divergence with OBV raising. We could see a raise to almost 530 satoshi. Failure to find acceptance above 530 satoshi would push TRXBTC to 430 satoshi (April 4...

veerakumarnice

BINANCE:REQBTC Request network is having a stiff resistance at 50 DMA. We can expect high volume breakout from this range soon.

veerakumarnice

BITFINEX:XRPBTC XRPBTC has also created a bull flag suggesting gains. XRPBTC has a nice RSI breakout in both xrpbtc and xrpusd daily chart. the main push will be from xrpbtc as the 50 DMA is is about to cut 200 DMA from upside (death cross about to happen). It is usual that before death cross a security usually gets a decent gain. so the gains are almost...

veerakumarnice

BTCUSD RSI in daily chart is repeating the same pattern again and we can see btcusd slide lower and lower again. The nightmare is here. BTCUSD will be pushed far below with RSI dipping almost around 20 in the daily chart. 5400 is one of the major support lines as explained before. The bear has waken out of a short sleep and gonna hunt a lot.

veerakumarnice

BIANANCE:TRXBTC As you can see heavy sell happening now and then almost around 200 million tron tokens in binance. This doesn't seem good for trxbtc. There is a strong support at 50 DMA but still whether it holds it or not has to be seen. Further RSI is bearish biased and left the support and moving towards oversold territory. and it has formed a bear flag...

veerakumarnice

BINANCE:TRXBTC TRXBTC has a bullish RSI breakout in the 1 hour chart and it has formed a bull flag in the RSI and in the chart itself. A break above 480 satoshi with RSI break above would give a push to 527 satoshi as it is the height added from the breakpoint to pole height( also 0.386 retracement).

veerakumarnice

BTCUSD Whenever a bottom is found btc is followed by a quick bounce with high volume. But from the chart it is seen that heavy buy at the bottom with decreasing volume with increase in price suggesting lack of confidence of the movement. And BTCUSD has put a inverted head and shoulders pattern. If at all it breaks below 6900. The pattern would become failed...

veerakumarnice

BINANCE:TRXBTC trxbtc broke the trendline as seen earlier due to the head and shoulders pattern seen in the RSI and doing it's correction now. The correction is seems to continue until it takes a support at 50 DMA currently seen at 452 satoshi. As of now it can bounce from 490 - 500 satoshi to 560 satoshi possibly extending gains to 583 satoshi. As the drop...

veerakumarnice

BINANCE:TRXBTC trxbtc sees a doji reversal with overbought conditions in daily chart. Could mean the rally has ended for short term. 4 hours chart shows RSI with head and shoulders and now at neckline resistance. If trxbtc is able to break down the neckline resistance it will break the ascending trendline and immediate support is at 490 satoshi . ...

veerakumarnice

BINANCE:TRXBTC There is clear head and shoulders pattern visible in the RSI in the 4 hour chart with btcusd in a state to drop. TRXBTC could drop heavily.

veerakumarnice Updated 

BTCUSD As you can see, the heavy sell happened immediately after the btc dropped below the logarithmic support lines. But the point 5400 is crucial as it is the 0.786 fib calculated from the previous cycle high 1175 to the current cycle high 19891. Hence there could be reversal. If it didn't hold 4K is the next support.