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EssentialADA failed to signal a Long back in October. There's a new opportunity now, one month later. We have a falling wedge, bullish divergences and a bottoming CMF. Technically it's still early to call it a Long,you may wnt to wait for a wedge breakout. Personally, given current levels i think it's good enough already for accumulation. DYOD.
Ascending triangle forming. Watch MA20/W acting as support. *If* the latter holds the whole Alt markt may pump once again.
We have some bearish divergences forming. Rising wedge and volume going down. I suggest watching it for the next few days, as there's an increasing chance to see a quick move down close to the 15.000$ mark. Have a TP set.
This is a (huge) 2-month timeframe chart. I think it conveys a simple yet quite effective view on the trend. Watch Parabolic SAR and Bollinger Bands. We've an extremely bullish scenario above the 10.000$ mark. Upper BB breakout and rising volume needed. Looking forward to these last two months of 2020.
We have a triangle and -possibly- a pennant here. Slight bias to upside, Ether still bullish over 420$. Anyway, no hurry: carefully watch for triangle breakout on decent volume and play accordingly.
As you may appreciate, price action is bullish, but basically constrained to a rising wedge. Moreover price is already in touch with upper monthly BB, area of maximum resistance. October volume so far looks unimpressive despite the upmove and BBs are slightly shrinking. Overall all the above looks pretty bearish, of course. We do have to keep an eye on key areas...
Bullish bias, watch support, await a breakout.
Mind the 9 TD count on 3D TF and the falling wedge. Looking good for starting long term accumulation.
OBV broke resistance and CMF is pointing to zero. Possible inverted H&S. Slight bullish divergence on daily MACD. Keep an eye on ADA as it may break its range. Bias is upwards, we'll see.
Monthly Parabolic SAR is a very continuous indicator in Bitcoin trends. Moreover, as you may notice, once it flips it sometimes leads to big upside. You also may spot a double stepping pattern here: a huge price jump, followed by a consolidation swing. Let's look at the 4 historical Parabolic Flips and at the outcome we got so far: Jump (2011-2013) =...
A Long term, monthly TF analysis. March '20 "Covid" crash may have slowed things: as you see Parabolic SAR has still to flip (again). Anyway, provided price stays above (green) historical support , bitcoin is still on track for a year long bull run. Ignition of the hyphotetical rally likely to be bound to a confirmed monthly Parabolic SAR reversal ( > 12800$ on...
Monthly chart: look at MACD setup. It's a matter of time before reversal, so have some patience
Carefully watch support close to MM20/W. Be cautious and patient, look for a clear breakout of this triangle as it's likely to set-up next move.
Ether about to challenge its medium term support, wait and watch for the outcome.
Here is a contrarian speculative Long on KAVA, with a somewhat decent R:R ratio. Mandatory STOP under support, as there's an extremely high risk of H&S confirmation. This is a HIGH RISK contrarian trade, being stopped is a possibility and success is not assured (especially if BTC sinks) . Do your own diligence, then decide.
See weekly chart, self explanatory.