I could be wrong, so don't burn me at the stake - but here is what I see: If you’re looking at the 1D chart for Bitcoin, this is what you’ll see (at the time of writing). The downtrend resistance from March's high of $11.5k is still alive and thriving at this moment in time. Specifically, this zone is between $6.18k and $6.5k (approx.) Currently, it...
Hey, everyone; so I'll explain to you all below why I'm actually very neutral on ZCash. As you can see from the picture above, the price has been getting throttled as of recent. However, more importantly, the price is nudging right up against a really solid support for Zcash. Now, if the support can hold and the price bounces from here, then the gains will...
You better listen to old man Bitcoin, he is not playing any games today! It’s pretty clear from the chart above that the market made their decision definitively. If you remember from the last price analysis that we did, we mentioned that $6.8k-$7.2k would be the zone that would lock in the price of Bitcoin until there was a strong movement in either...
As you can see the price drop is looking a bit over-extended on the 4H chart now (finally). It’s hanging outside of the bottom of the Bollinger’s Bands, which means that an impending price increase is pretty much fair game from that point. RSI(14) has been shooting down on the daily chart for $BTC #Bitcoin. Typically, there’s some sort of bump in the RSI...
As you can tell from the very first chart, $XRP looks like its ready to take off on a rocket ship soon. Above you can see a chart of $XRP on the $BTC pairing. As should be obvious, you can see that $XRP has been sort of going crazy lately on this pairing ever since approximately July 30th/31st. Now, please take note that this is just the 1H Chart that I’m...
As you can tell from the very first chart, $XRP looks like its ready to take off on a rocket ship soon. Above you can see a chart of $XRP on the $BTC pairing. As should be obvious, you can see that $XRP has been sort of going crazy lately on this pairing ever since approximately July 30th/31st. Now, please take note that this is just the 1H Chart that I’m...
The cover photo for this idea submission pretty much covers it all. Just in case it is not shown clearly (they always show all of the other indicators on the chart for some reason), but here is the TradingView picture where you can see what I am outlining: Basically I see that $ETH is looking to break out of the trading range that it was in for some time,...
The chart above is the daily for $OMG. Short-term downtrend still holding steady on the $BTC pairing for $OMG. Lots of red candles at the end here. RSI = dramatically oversold. Remember, we are in a bear market, so it can remain oversold for as long as it needs to be oversold. In other words, don’t adopt the fallacious trading logic (in a bear...
As the chart above shows, $7.2k is the next likely stop for Bitcoin. Right now the price has consolidated upward toward the $7.4k range for $BTC. One of the main factors that I personally attribute to this is the fact that $BTC got a boost from CMC this morning from their exchange API messing up (so they say). Basically what happened was that that their...
Ripple $XRP is one of my favorite short-term picks because of the price range that it's at currently. Ripple hasn't hit this price specifically since December 14th, 2017, so we're at our all-time low for 2017. Last candle on the 1D chart significantly smaller in nature. The orange line on my chart is the EMA-26 and the Neon-Yellow line = EMA-12. As...