- Bottom at previous highs - 21/50 EMA cross - Grinding retest 21 EMA - RSI reset at 50 - 55
China's Yuan plunging worsens risk aversion and leads to a surge in demand for 'safe-haven' assets such as Gold, Silver, Bitcoin and Japanese Yen. 'Risk assets' such as oil and equities are taking a beating as the trade war gets worse. Look at the SP500 for example. These trade war events are very important for us to watch as Bitcoin traders. USD/CNH charts...
USD pair ascending BTC pair near area of interest - Sweeping HTF lows - Approaching weekly breaker - 88% retracement
USD pair gearing up for a breakout BTC pair sweeping the HTF lows
A lot more to come from this one if we can hold the break out
- Daily golden cross (200/50 SMA) is occurring right now - Cloud flipped green - Broke daily market structure, formed a Higher High and Higher Low - XRP pumpcycle (267 days) is as good as here
Monthly is extremely bullish. Candle closing in 4 days. Above 8500 would be the best scenario Above 7731 is a must for bulls Monthly target is the equal highs at 11.700 Confluent with 50% of the move from 20K --> 3K
Weekly close confirming the uptrend - Above W50/100/200 SMA - Three White Soldiers candlestick formation - Broke downtrend resistance and horizontal S/R - Back above the parabola trendline - Increasing volume There is one counter argument - The weekly Stoch RSI has crossed down in overbought territory. Backtested this has a very high strikerate for BTC but it...
BTC and ETH compared. During the start of the 2018 bull run we saw Bitcoin pushing while Ethereum lagged. ETH followed suit shortly after and greatly caught up in terms of ROI.
OBSERVATION Typical uptrend after a long downtrend behaviour: 1) Uptrend halted by a blow-off top 2) Upwards channel >> Bears are stubborn and shorting 3) Long shakeout >> Bears euphoric 4) Break out Let's see if she unfolds another time!
Moving inside a symmetrical triangle Major supply zone and downtrend resistance at $39. Will require a lot of strength to break up here. More likely and healthy to get a retest of the S/R flip at $34.50 or revisit the triangle support, which is currently at $30.50 (and moving up). LTC is currently dragging the altcoin market and keeping BTC at it's feet. A...
Failed support now acting as resistance Rejected from the 200 MA with HVN confluence. 50 and 100 MA's already crossed the 200.
Rule while ranging : When one side is taken without follow up - The other side is often the next target. Targets for the expansion Up --> 3830 Clear skies on a break and close above. Down --> 3387 New lows expected on a break and close below.
SPX completing a bearish retest. Short opportunity.