I can see a head and shoulders pattern forming looking at the Crypto Total Market Cap on the 4hr timeframe. There is also similar patterns going on with the BTC and ETH charts as well. The right shoulder on the BTC chart is approximately at the 50k mark. If we can see BTC holding above the 50k it will prove my head and shoulders theory was false. If not I see BTC...
I can see a head and shoulders pattern forming looking at the Crypto Total Market Cap on the 4hr timeframe. There is also similar patterns going on with the BTC and ETH charts as well. The right shoulder on the BTC chart is approximately at the 50k mark. If we can see BTC holding above the 50k it will prove my head and shoulders theory was false. If not I see BTC...
This is probably a complete noob question, but I've only been observing the Crypto Total Market Cap chart for a couple weeks now. Generally what I've seen is that as the total market cap goes up the trade volume goes up. Not until this week have I seen those two indicators diverge into opposite direction. I hoping someone has some past insight on what this has...
I've been tediously studying the charts for the past couple month. One thing I've really been noticing is the trend is always moving forward and never backwards. It will move at different angles forward. Kind of at an and upish angle or down angle or just straight forward. I think were going to continue to see Bitcoin and other cryptos moving forward in the coming...
Look's like were starting to potentially see a cup and handle formation playing out. Still need to correct and complete the handle. On hold until then.
Looks like DNT is about to become TNT. Excuse my horrible explosion joke. Were starting to see higher trade volumes and potential breakouts. This one's gonna be on the move fella's
This chart art is pure speculation, but I'm curious if anybody has any input on what they are expecting to happen to Ethereum in the days leading up to the CME Futures Launch? It's a very interesting time for Ether it breaking its 2017 all time high twice now. We saw similar movements with Bitcoin breaking its 2017 ATH where it barely broke it a couple of times...
Looks like Bitcoin is once again holding support at around the 29-31k range. The trend is becoming a triple bottom pattern on the 4hr timeframe. With such strong support I believe we will be seeing a bullish trend reversal in the coming weeks. Bitcoin is still in a consolidated channel so we will wait until it breaks up and past that channel to confirm. We are...
Just a quick technical analysis on the movement I'm seeing in the charts right now. Usually when I go to the laundromat I play the quarters machine. If more quarters drop out of the machine than I put in it an obvious sign of a trend reversal into a bullish market. Just my two cents.