I see XMR/BTC finding support at the lower end of the long established channel. I also see bullish divergence on RSI at the daily level, and a descending wedge that may break out. With BTC/USD falling, It seems like there is a very good chance for XMR/BTC to rise and consequently, it's USD value to return to the old ATH or make a new one.
It seems like we have a descending wedge awaiting a potential breakout. Fundamentally I believe this is severely undervalued for the tech and low coincap. Hidden bullish divergence on both RSI and MACD on daily. This is a great buy if daily 200 ma is broken as resistance and holds as support, and it seems that the 0.786 fib is holding as support for now.
I believe that we are either in wave 4 of the elliot wave cycle and within a long term channel. We may revisit the bottom of the channel at fib level 0.5 ($206.18) and then begin onward to wave 5.. Or, if we break out of the bottom of the channel, then we may revisit the 0.786 fib level at $88.33 Will watch and see how it plays out. Currently seeing bearish...
If Gridcoin can break out of the channel it is currently in, the cup and handle may play out. Is Gridcoin about to go to the moon? :D If support is found and a bull flag forms above 0.000037, this seems highly plausible.
I believe that Bitcoin is due for a correction and that the end of wave 3 is near. Bearish divergence on Daily RSI We are the highest weekly/monthly RSI level that has ever been seen I think that we will stay within the bounds of the long term pitchfork, and may possibly see $1300 as there is very strong weekly support there. I am confident that we will see...
Ascending wedge on 4 hour. MACD MA crossover Bearish divergence on RSI Watch for the break of the wedge! I believe we could easily see $102 or $79 which are both long term fib levels.
Here is my ETC/BTC 5 wave pattern / cup and handle idea. I drew this up months ago and left both the cup and waves untouched. Seems like it finally played out and is hitting some fib resistance. Posting mostly for archival purposes.
XMR cup and handle to the moon if it plays out! I have been waiting a while for this. XMR is a sleeping giant and will have it's day sooner than later. Get in before it's too late IMO :)
It seems to me that BTC/USD may not be able to break out of this long term pitchfork. RSI is overbought on Daily, Weekly, and Monthly. If we have a pullback, it would be a great buy at the lower end of the pitchfork. Bitcoin has gone full parabolic and it may be time for the bubble to burst. If there is a pullback, I see this as the end of wave 3 and the...
Mad bearish divergence on daily, and oversold on RSI
Watch for the breakout of the descending wedge on USD/TRY Bullish divergence on 4 hour
XMR cup and handle. I expect some resistance around the previous all time high, and then lift off :)
We broke the previous ascending wedge, but then headed back up for some more consolidation. With Bitcoin nearing it's previous ATH, a panic is sure to happen shortly. Bullish divergence on daily RSI Target $1020-$890
I expect BTC/USD to hit the demand zone between $952-880 in the short term, before any additional rise in price. Ascending wedge broken Hidden bearish divergence on 4 hour MACD and RSI MACD MA crossover on 4 hour
Bullish divergence on 1 hour MACD and RSI Bullish crab If we can break out of the descending rising wedge this is a great buy signal TP1 (38.2% fib bullish crab target): 113.686 TP2: (61.8% fib bullish crab target): 114.38 My entry was 112.63-112.65 SL: 114.43, lower than a long term 0.5 fib This is a high reward, low risk trade as far as I am concerned. Will...
4 hour bullish divergence on MACD and RSI The descending wedge is about to break. Good luck :)
USD/MXN is still in a descending wedge We might finally see the retrace to 19.47 (0.236 fib level), if we can break out of the descending wedge Bullish divergence on 4 hour MACD MA crossover
We have bounced off the bottom of a long term flag Bullish crab Bullish divergence on 4 hour I expect heavy resistance at 112.45 (fib level), before heading up to test the upper wall of the flag, as well as fib resistance at 114