jpbrown1023
ADA ran into some resistance stemming back from it's high in early January. But it has a nice cup and handle pattern that has formed as it tests this purple resistance line again. Price action has been in a upward channel, so I am hoping for continuation through this overhead resistance. Keep on eye on BTC as well. We are currently in a rising wedge and a breakout...
Looking at the 4-hour chart, Bitcoin appears to be in both an upward channel and possibly a rising wedge. RSI and MACD look great. I'm expecting BTC to make it around the purple resistance line before breaking out of the wedge to the downside.
Looking at the 4-hour DGD chart, I see lots of positive indicators. Inverted head and shoulders, bullish divergence on the RSI, a break through resistance and bullish crossover on the MACD. I'm buckling up!
Overbought RSI, 86 on 4-Hour, 81 on 30 min. It may go up a little more, but I expect a retracement here soon.
Keep an eye out for this possibility.
Bearish divergence on the RSI and bearish cross on the MACD. Looks like BTC is prepared to go lower.
Looking at the 4-hour chart for NEO, we can see that the price found support just below the 61.8% Fib retracement level before exploding out of its falling wedge pattern. It is currently finding resistance at the .008sat level and on the RSI/MACD indicators. It has formed a nice cup and handle pattern. It is important to remember that Bitcoin is hitting a...
Looking at the 4-hour Bitcoin chart, I see a failure to break the downward channel and a bearish continuation of the price more than likely to $6000 where I am hoping for a strong bounce. There are new massive players coming into the cryptospace (Soros and Rothschild), which I think will be the game-changer we need to get out of this bear market. I believe USDT is...
1. Nearly completed pennant 2. Uptrend still intact 3. Near reversal on daily MACD 4. RSI demonstrating falling wedge pattern 5. Moving inversely to BTC - so if you think Bitcoin is going to drop to $6k, $5k, $4k, or worse? Here is your doomsday salvation.
DGD is moving inversely to BTC. This can be an alternative to USDT if you anticipate Bitcoin falling in price.
Hey folks, XVG is on a roll again so let's look at the chart. Since its initial pop from the bottom, the price action currently finds itself in a broadening wedge (or megaphone pattern) and after its most recent jump has formed a continuation pattern outlined in light blue. It's a bit oversold on the 30min chart, so it may take some additional time to consolidate...
Hey everyone! This morning DGD blasted off the support level for a massive 25% gain where it met the wall of resistance it has been battling since hitting the .053sat level in mid-March. But this resistance is nothing new to DGD. Looking at the 4-hour chart, you can see that DGD has battled this resistance two times before and each time made it to the .053sat...
Hey guys and gals, looking at the 4 hour chart I spotted a repeating pattern in the price action for Bitcoin. If history repeats itself, I am anticipating the price going back to $6,000. How did I get that price? Well I took the ratio of the price jump vs. price dump from the first pattern and applied that ratio to the lower pattern. Near bearish cross on the MACD...
Hey ladies and gents! Looking at the 4 hour chart for VeChain, we can see that we broke out again only to find ourselves back into the wedge. It looks like it will be a battle of the bears and bulls. Here is an interesting observation I made regarding a double top and double bottom pattern that VEN seems to be repeating. VEN has double topped twice and double...
The last two times Bitcoin Cash hit below 20 on the RSI, it grew 11x and 4x. BCH recently went below 20 again and is currently sitting at 27 on the daily. The price action is currently in a falling wedge (within a falling wedge). History has a way of repeating itself. I've got the popcorn ready. Now to sit back and watch!
Looking at the 1-hour charge, you can see that Verge had a great jump from the 498sat mark on 3/29 and now has a nice pennant forming. Looking very bullish. I'll be looking for it to break the 700sat mark where it will meet some resistance around 710sat.
Hey folks! I originally tried to keep this simple, but as I started identifying all the indicators and patterns, I realized it got a little more hectic than anticipated. Sorry about that, but bear with me. There is just a lot of things to consider. Being new to the crypto world (May 2017) I feel for myself personally as well as many other new traders in the crypto...