MATIC looking poised to make a move. Potential cup and handle forming on long term BTC chart. Confirmation and subsequent breakout of this pattern could lead to a significant break out above $3 on the $ chart. $ chart itself is forming somewhat of a C&H, maybe more of an ascending triangle. Watch for possible breakout.
Undervalued coin? Lots of news and hype in the crypto sub culture. Holding a position (entry ~0.23 USD) and watching what happens...
Over the last several weeks there have been recurring cycles of inflow into ETC as both BTC and ETH continue to rise. This is to be expected with the USD pair, but the BTC pair has also experienced sensational inflow at times when BTC price action hesitates. There have been two instances of just a couple day's worth of time that provided opportunities to double a...
I'm sure most of us have seen a chart similar to this at some point within the last few days, but it bears repeating in light of a lack of serious analysis and explanation in most media outlets (who are more focused on politics and opinions instead of facts). This failure on the part of the media has led to generating an unnecessary amount of fear. In large...
Both USD and BTC price reaching areas of possible reversal on long-term weekly charts. Posed for potential breakouts at the bottoms of downwards wedges in both charts. Bullish divergence has appeared for the last two lows on both MACDs. RSI is not showing bullish divergence but has recently touched and rebounded slightly from oversold areas, also posed to...
Lots of good signals showing for both LTCUSD and LTCBTC pairs. On the BTC trade, a 50% retracement from the crash would bring price to ~0.016, a 60% gain. 3D MACD crossing to positive, price has broken out of downwards wedge formation, and has also blown through 50 MA. RSI heading into overbought, but still lots of room to run. Entering long position. Targets...
If resistance on XRPUSD chart can be cleared, XRPBTC could blast through cup and handle formation, target 1470-1600 at 1.618 fib extension. Beyond that, moon. Failure will bring ripple back to longer term support. Lots of eager crypto enthusiasts ready to add to any pump after a year of despair... could make for some amazing moves in 2019.
... for potential breakout/reversal. Tons of falling wedge formations on both BTC and USD pairs combined with bullish divergence in MACD and RSI.
MACD close to crossing over while RSI showing bullish divergence on the daily chart. Watching for further hints of bottoming out.
DASHBTC showing bullish divergence in daily MACD while price is looking to approach bottom of a falling wedge formation. DASHUSD RSI approaching the same point. Were these big dumps on Polo some attempts to shake out stop losses into stronger hands before a reversal?
Bullish divergence starting to hint at possible bottom for XMR. Wait for breakout of falling wedge and MACD flip to positive for confirmation of reversal.
One of my favorite underrated coins/projects... Bitshares has been strong since April, nearly tripling in BTC price. Hidden bullish divergence is strong on the 1H chart as price consolidates in a symmetrical triangle, suggesting continuation of upwards trend despite the long term chart showing completion of impulse waves. This is a high risk short term trade...
Since my latest educational post on divergence (linked below) received a lot of attention, I wanted to show a looming battle in LTCBTC. I see both bullish divergence and hidden bearish divergence battling it out to the eventual breakout or breakdown of formation. Who will win?
Key patterns to look for when attempting to gain insight into potential future price action.
DASHBTC could be coming to the end of a long precipitous fall, from which it has historically rebounded explosively, often more than 100% in only a couple days. Long term 3D MACD getting close to turning positive while RSI dipping into oversold territory. Shorter term 12H MACD and RSI showing bullish divergence. DASHUSDT is also looking overdue for a...
BCHBTC seems to be breaking out of a near-picture-perfect falling wedge that has formed since December. 24H MACD and RSI indicating a possible reversal. Combine this with fear in the BTC markets outlined in a LTC idea here , and we have the potential perfect storm. BCH may be viewed as a potential alternative to any disruption of the BTC network... keep an eye on it.