Here is an example of a positive divergence on the 4h chart. Lets see if it can snap back higher. There are a lot of other different currencies as well that are good buys here. Ideas will follow.
BTC has been under pressure here the last few days, but seems to be forming a washout bottom. RSI as well is showing a positive divergence and we are trading at lower bollinger bands. I would get ready for atleast a snap back.
Just a quick heads up on ENJUSD. We recently hit short term lows and are now rebounding. This is something we can observe a lot of the time, and usually brings a good buy opportunity. This is not financial advice.
BTC to 8400 ? Ethos to 10 bucks this year ? Also looking at BCH, OMG, ETH and others.
Could we see higher prices here and a push higher soon ?
SOME NEWS AND POSITIVE PRICE ACTION HERE LATELY, LETS LOOK AT SOME NAMES AGAIN.
Gold and Silver is on the lower side of the bollingerbands here, which in the past indicated a buy area. Keep it on the radar screen.
BTC and other coins could be looking nice in a few months !
NEO, ETH, PIVX, XZC, VEN, BQX, BCH, BTC if you ever wanted to make an index of names in the crypto space now seems to be a good time, atleast you have levels here that are good, compared to the last 6 months.
After the recent hit on privacy coins, and other names as well, a few names stick out here on an oversold level.
PIVX trading below bollinger bands on the 2 hour chart
2 hour oversold, trading below the bollinger bands recently or right now. If you like to pick up stuff when its cheap then now is a good time.
XZC, one of the most private coins based on the zerocoin protocol is in an oversold condition here on the 2 hour chart, and could be setting up for a buy level.
Could ETHOS be moving higher here ? Looks promising on the 4 hour chart and daily as well. Look for a break of usd 4 to really get things going here.
The index is stuck between 2 fibonacci levels, but if we can rally from here, there should be more upside to come in the near future. The line in the sand is at 2615-2620, in that area.
XAG-USD on the 2 hour chart is coming back down again from the bull run last week. It could represent an interesting level to buy again. Keep it on the radar screen.
SPX index is at a decision point. Watch out for a bearish reversal to potentially confirm a continuation of the negative trend.