


eBlockChain
PremiumAs shown the Ichimoku Signal turned green on the daily chart and the Ichimoku Cloud turned green as BTC is breaking out of the daily RSI resistance. Next stop as per the BB is 52k. It is a weekly candle close today, expect more volatility to follow.
EOS has been dragging its feet all year... it is one of the worst performers along with XRP. However, we see EOS is at a major RSI resistance on the daily chart. Still no Ichimoku cloud confirmation, and far from Ichimoku Signal confirmation. Will these get triggered as EOS breaks out of the daily RSI? I am betting my money on it here.
Check the 4H RSI, Bitcoin broke out of the resistance. Now 45.5k is the 200D SMA. BTC will either go through violently or get rejected towards 42.5k at first before going back up through the 200D SMA. Either way it is going to be volatile.
Enough said… the price action says it all. Be warned that’s it’s a monthly candle close… it’s gonna be very volatile.
As marked with the arrows on the RSI chart, Bitcoin has formed a LL on the RSI while the price formed a HL at these points on the daily chart. That is a Hidden Bullish Divergence. To those who shorted the market, I hope you closed your shorts early. To all the Bulls out there, enjoy the confirmation plotted here. It is a monthly candle close, so bring your...
As shown in the 4H RSI, both the support and resistance are at a crossroad. If today the RSI goes through, then it’s all green from here. Otherwise, there’ll be more squeezes to go through. The bias in me, called two weeks ago that the bottom of the squeeze is in already. And we didn’t get back to sub 40k since then. And as the bloody September monthly candle...
As shown, although the 4H RSI shows the support has been broken, the Inchimoku Signal shows it’s a fake breakout… if this materializes then we are heading north from here. Personally, if anyone is trading on leverage it’d be safer to buy upon Inchimoku Cloud signals confirmation at the 200D SMA level. But if one is buying spot, there’s no harm from loading at...
As bears getting burned, next main resistance is the 200D SMA at 46k. Reclaiming of BTC for the 200 daily SMA is important for Alts market, and for the overall trend. Expect resistance at that level today, before Bitcoin goes through it very likely not today though.
1) For a start, Fed Chairman Powell is expected to announce the Fed’s interest rate decision for September in 1.5 hours from now. So volatility is in the cards. 2) 44k level has the 4H RSI resistance and has the 4H 20EMA resistance set at the same level. 3) I am pretty much bullish after the healthy retracement, consolidation and retest of all important SMAs &...
Looking at all the charts, I see the 20W SMA has been tested for Bitcoin, and for the Total Market Cap. Yet, the Alts Market Cap remain to test the 20W SMA at 1T as shown. That said, unfortunately expect more Alts squeeze in the coming hours. As stated in my previous charts, the weekly candle close for Bitcoin is the most important indicator of its strength yet...
Will, will, will... What a bloody day we survived here! Here's a recap of what we went through: 1) Bitcoin tested the 21W EMA at 43.6k 2) Bitcoin tested the 20W SMA at 40.5k 3) Many Alts lost all their gains from July bull run, while others retained their new ATH achieved 4) TMC & Alts. MC tested their respective FIB and SMA levels 5) Bitcoin went all the way to...
As Wall Street fears grow, BTC bled and blooded the market along with it as it broke several RSI supports across different timeframes including the 4H RSI. While there could be a relief for sometime, still in the cards: 1) BTC is to retest 43.5k where if so, it’d remain healthy. 2) If BTC tests 41.5k that’d be edgy but healthy if it bounces off it with a wick. 3)...
If and only if BTC doesn't close a 4H candle below 44.3k we will have a 'hidden' bullish divergence as per the marked RSI & PA ray that would give the price a boost up. Otherwise, yes expect a retest for the 21W EMA at 43.6k then 20W SMA at 40.8k if the first doesn't hold.
It is clear that TMC has been battling the TMC ever since it tested the 50D SMA back in Sep 7th. A retest for the 50D SMA seems in the cards at 0.618 FIB level in the coming days, could be very much this weekend. That would be a 7% drop to 2 trillion for the total market cap. This would translate to the Alts averaging a 15% drop, while BTC drops 7% to 10% which...
Against the sentiment in the market, I see 1) Bitcoin RSI on the 4H chart & RSI on the 1D chart indicating a retest of the $50,000s at the edge of the BB. 2) The daily RSI 2nd resistance has been breached on the daily. 3) the 4H MACD showing a bullish divergence
Yesterday this sleeping beauty showed strength breaching $5.5 threshold. Then retrieved back retesting the 200D SMA, and the RSI support before pumping again. Looking at the RSI, if EOS manages to breach the RSI daily resistance, then expect a test for the 0.382 Fib level at $7.57 in the coming days.
Another lagging (late boomer) Alts I am holding is XRP that I grew to love to hate for it pumps only after the market subsides down. Looking at the chart, I see XRP holding the 50D SMA and testing it repeatedly. If this doesn't hold, and I am having my doubts that it could, expect a retest to the 200D SMA at $0.9 before it pumps north which could serve as a good...
Few days back I posted how EOS is showing strength in this blooded month. And earlier today we saw it breaking out to $5.35 as the RSI continues to show strength bouncing off both supports on the daily RSI. Keeping in mind that EOS is among the few that didn't pump yet and still at 0.236 FIB level, it should pump hard in time as I am long on EOS as shown in the...