jpbrown1023
Bitcoin has managed to break the downtrend set from its all-time high back in December. What once was resistance is now acting as support which is a bullish sign to me. We have a new trend line (in purple) is acting as resistance, but Bitcoin has continued to hit higher lows and as I highlighted in green, has formed a nice pennant. A bearish cross of the 50MA over...
Bitcoin Cash has a history of big pumps followed consolidating falling wedges. We just hit a key support line which has ignited two previous pumps. Will history repeat itself?
Bitcoin Gold is in a falling wedge and is currently at all-time BTG/BTC lows. It definitely needs some good news here soon. Looking for it to rebound here soon. I used some historic trend lines for this idea. I see the RSI falling to the support line before rebounding. Let me know your thoughts.
Looking at Bitcoin Cash on the 4 hour chart. You can see BCH has been consolidating since the November pump and formed a nice big pennant. It is oversold at the moment, hitting a historical trend line, and is in a descending wedge. Every previous time the price has hit the bottom of the wedge it has bounced. Looking for a potential jump to the neckline before...