It seems that the descending wedge that has been forming for quite some time is finally breaking out. I see bullish hidden divergence on both the MACD/RSI at the daily level. Let's see if the daily closes above the 0.618 fibonacci level ($7675)..
Bitcoin appears to be in another descending wedge. I see bullish hidden divergence on both MACD and RSI at the daily level. Watch for the break above the upper band of the descending wedge for a breakout..
btc looking pretty good.. strong candle print yesterday, and most of the day's trading is above the fibonacci level / 200 moving average. So long as that stays true, most likely a reversal at least until the edge of the wedge.. Then it'll either break out for a nice surge or be pushed back into the wedge.
Once bitcoin breaks out of the descending wedge, is when we will see the next bull run IMO.
Even though BTCUSD is down, ETHBTC seems very strong. The market seems to be challenging old resistance currently. MACD MA crossover on the daily chart may indicate a change in the trend. It will be interesting to see if the market blasts through old resistance, and challenges it's previous ATH relative to BTC.
Watch for a break above the current level.
The Dow Jones Index is the real bubble, not cryptocurrency like the media may want you to believe. Once the top is found we will likely return to the 0.5 fibonacci level or 200 MA at the monthly level. RSI is at the highest level that it has been at since 1998..
As long as USOIL is rejected at the 200 MA at the monthly level, I believe that USOIL will eventually fall through the bottom of the marked descending wedge, for a nice short to the marked demand zones. I believe this will happen as soon as the new oil pipelines in Texas begin to pump oil.
Despite the news of Intel's Meltdown and Spectre vulnerabilities, I expect AMD to remain in the long term channel I have drawn for an elliot impulse wave. Support was found at the 0.786 fibonacci level and the bullish movement we have seen may have been accelerated slightly by the fundamental news. However I do not see any of the movements on the AMD chart to be...
I believe that intel is a relatively safe short both technically and fundamentally. With the Meltdown and Spectre vulnerabilities being the fundamental news. Technically this pair is breaking out of a rising wedge. On the weekly level the MACD MA is crossing over as well which is a strong indicator of a change in trend. I believe we could see a retracement to...
Look for the break, and trade accordingly. Lately I have noticed bitcoin has broken to the top of an ascending wedge, which is rare. But it seems that the market has been irrational lately so I am neutral at the moment.
It seems that we might have some correction on the stellar market in the short term. Posted here is the weekly chart, and RSI is oversold with hidden bearish divergence. I will post the daily chart below, but it appears that on the daily chart we have a MACD MA crossover, which signals a change in the trend.
Tron may still be bearish and could possibly visit the marked demand zones. MACD MA is about to cross over on the daily level. I believe that we will remain in this wedge for some time. Once it breaks out, we will see a bullish movement.
Looks to me that support has been found and that the MACD MA is about to cross over on the daily level. This is a good level to buy at IMO, look for resistance to turn support at the fibonacci levels, and the previous resistance at $310.
Bitcoin cash IMO is nearing the end of it's bull run. I believe that support will be found at the 0.5 fib level, or in the marked demand zone right below it. Good buy opportunity.
ETH moved from demand zone to demand zone. If it breaks through the top of the demand zone it is currently in, expect more surging. If it cannot, we may have another drop to the previous demand zone to test support. Right now it seems like we have support over the 200 MA, but RSI is rapidly approaching oversold at the daily level.
MACD MA crossover about to happen on the daily level. Do you notice what happened the last time it crossed over? Seems that we may have further retracement. Also, hidden bearish divergence on the RSI indicator at the daily level.
To me Siacoin appears to still be in it's bull run, finding support above the current fibonacci level (0.382). I think that the market may continue to push towards the higher fibonacci levels.