IOTA CRISIS
https://www.tradingview.com/chart/IOTBTC/kbpB0rOb-IOTA-CRISIS/
Fundamentally, the crisis seems to be far from over, and a lot of weak hands need to get out before market start rising.
Short term, sentiment in IOTA is pretty bearish, as the charts show us: the RSI is below 50 level, the MACD below the centerline, and the EMA lines act as strong resistance.
So when Public Opinion will moves below the red dotted line or above the support level in the chart, it means that we must monitor the market to find the best point to open a long position.
Topic: [deleted] (Read 224 times)
QTUM price falling to the Support level
https://www.tradingview.com/chart/QTUMBTC/OhJXclr5-QTUM-falling-to-the-Support-level/
1-Day Chart:
QTUM seems to love the downtrend so much and I suppose on the daily chart, the price will fall lower to the support level at the 0.0018 area. It will act as support on the downway.
RSI is below 50 indicating a downtrend. The MACD is falling down, giving a sell sign. Clearly, QTUM isn't oversold on traditional technical measures such as RSI, MACD, and Moving Averages and more, so that is one warning flag.
The falling trend that has been support since the rally started in Feburary continues to hold indicating the market rally will continue. However, volume is below average, a sign that the downtrend can continue.
4-Hour Chart:
We fell into a bear market as the price dropped below 0.0033 area. The price fell through the rising ex-support level and the 100EMA and MACD crossed below zero.
Conclusion: I will wait a support level to decide when the best time to open a long position.
https://www.tradingview.com/chart/QTUMBTC/OhJXclr5-QTUM-falling-to-the-Support-level/
1-Day Chart:
QTUM seems to love the downtrend so much and I suppose on the daily chart, the price will fall lower to the support level at the 0.0018 area. It will act as support on the downway.
RSI is below 50 indicating a downtrend. The MACD is falling down, giving a sell sign. Clearly, QTUM isn't oversold on traditional technical measures such as RSI, MACD, and Moving Averages and more, so that is one warning flag.
The falling trend that has been support since the rally started in Feburary continues to hold indicating the market rally will continue. However, volume is below average, a sign that the downtrend can continue.
4-Hour Chart:
We fell into a bear market as the price dropped below 0.0033 area. The price fell through the rising ex-support level and the 100EMA and MACD crossed below zero.
Conclusion: I will wait a support level to decide when the best time to open a long position.
EOS. Sell and Go Away?
https://www.tradingview.com/chart/EOSBTC/vyKiuEZv-EOS-Sell-and-Go-Away/
3-Day Chart:
The rally in EOS price looks to be continue. In the middle of February, EOS price turned down. This aligns with the beginning of the rally in the Bitcoin. The drop in price doesn't end yet, I expect to see the price around support level at 50k area.
While there might be a minor support level at the 60k area on the four-hour card, the downtrend has much more room to fall. As long as this downtrend continues, the rally in the market will continue. The RSI, MACD, and EMA indicators confirm the downtrend in three-day chart. The also show the trend should continue for many more weeks.
1-Day Chart:
Looking more closely at the daily chart of the EOS price, we can see the precipitous drop in the price that began in the February. With support at the 60k area, we might see a brief rally at this point back to the 100EMA area, a place that closely correlates with the downtrend on the daily chart. If we get such a rally, it will be a negative for price, indicating we might pull back in the market.
The RSI is below 30 level, indicating an oversold territorry, someone can think, this is a good moment to enter the market, but when we have a rally on the downtrend market, I prefer to wait some time. The MACD is below centerline, confirming the bear market.
4-Hour Chart:
On the four-hour chart, the EOS price has a significant resistance from 20/50/100EMA lines, if the price break through resistance lines of the falling trend, we can see a support from the 50EMA.
RSI is below 30 indicating a downtrend and oversold territory. The MACD is turning up to the centerline but it seems the MACD can make a bearish crossover again.
The 100EMA is an excellent indicator of the longer-term trend for the market. When the slope of the 100EMA is positive (trending up) it means the market trend is up. Should the slope of the 100EMA become negative (trend down) the market is trending down. At this time, the 100EMA is flat. Should it turn down, it will tell us the market is trending down.
For MARCH, I am expecting the market to trade in a range 60k area as the high 45k as the low.
https://www.tradingview.com/chart/EOSBTC/vyKiuEZv-EOS-Sell-and-Go-Away/
3-Day Chart:
The rally in EOS price looks to be continue. In the middle of February, EOS price turned down. This aligns with the beginning of the rally in the Bitcoin. The drop in price doesn't end yet, I expect to see the price around support level at 50k area.
While there might be a minor support level at the 60k area on the four-hour card, the downtrend has much more room to fall. As long as this downtrend continues, the rally in the market will continue. The RSI, MACD, and EMA indicators confirm the downtrend in three-day chart. The also show the trend should continue for many more weeks.
1-Day Chart:
Looking more closely at the daily chart of the EOS price, we can see the precipitous drop in the price that began in the February. With support at the 60k area, we might see a brief rally at this point back to the 100EMA area, a place that closely correlates with the downtrend on the daily chart. If we get such a rally, it will be a negative for price, indicating we might pull back in the market.
The RSI is below 30 level, indicating an oversold territorry, someone can think, this is a good moment to enter the market, but when we have a rally on the downtrend market, I prefer to wait some time. The MACD is below centerline, confirming the bear market.
4-Hour Chart:
On the four-hour chart, the EOS price has a significant resistance from 20/50/100EMA lines, if the price break through resistance lines of the falling trend, we can see a support from the 50EMA.
RSI is below 30 indicating a downtrend and oversold territory. The MACD is turning up to the centerline but it seems the MACD can make a bearish crossover again.
The 100EMA is an excellent indicator of the longer-term trend for the market. When the slope of the 100EMA is positive (trending up) it means the market trend is up. Should the slope of the 100EMA become negative (trend down) the market is trending down. At this time, the 100EMA is flat. Should it turn down, it will tell us the market is trending down.
For MARCH, I am expecting the market to trade in a range 60k area as the high 45k as the low.
What is your take with alts versus BTC in general?
Looking at the BTC dominance it's over 40% and many alts are failing to find support and might lead to massive sell off.
Look at the XMR and ADA and TRX charts wrt BTC
Looking at the BTC dominance it's over 40% and many alts are failing to find support and might lead to massive sell off.
Look at the XMR and ADA and TRX charts wrt BTC
Hello! I think that the market is easy enough to predict now, we can use all the same techniques as when trading a stock or forex. Therefore, there are no obvious reasons to worry that bitcoin will become the only basic payment system. There are people who are interested in a high price, this is a trend for the next two or three years. Next, we will see how the technologies will prevail in the world of crypto-currency. I believe that the story always repeats itself, and if we look at the Internet as a whole, after the boom of the dotcoms, the Amazon showed a vivid example of survival, where are others shit companies? In the world of social networks, MySpace left from scene to open doors for Facebook, there will be others. Bitcoin will always be here, and there will always be people ready to pay any money for it, but other coins/tokens will also be widely used.
Yes I like ADA, XMR, VTC, LTC, 0x and others, but the main question when does mass media will talk about them?
is NANO on the downtrend?
https://www.tradingview.com/chart/NANOBTC/mhMfSdXG-is-NANO-on-the-downtrend/
On Saturday while the markets were under serious pressure cascading lower, we did not have a buy signal because the MACD was very strong to the down side on the four-hour chart.
Right now, the 20EMA line is a key resistance for the price, so after the transition from a bull to a bear market this may be a a reason to sell or don't open a long position before we will see any positive divirgence from MACD and the RSI will rise above 50 level on the 1-Day card.
The four-hour chart shows more closely the transition from a bull to a bear stock market. So far, the 20EMA is the primary resistance levels for this view of the bear market and 100EMA is our support line.
the RSI is at 46. If it falls further, it will be a sign of a downtrend. The MACD turned down through the centerline, a sell sign. When the MACD reaches the zero level, a sign of weakness.
Conclusion. I will wait for the spike and a combination signs from the RSI, MACD and EMA to understand what's next with the price of NANO coin.
https://www.tradingview.com/chart/NANOBTC/mhMfSdXG-is-NANO-on-the-downtrend/
On Saturday while the markets were under serious pressure cascading lower, we did not have a buy signal because the MACD was very strong to the down side on the four-hour chart.
Right now, the 20EMA line is a key resistance for the price, so after the transition from a bull to a bear market this may be a a reason to sell or don't open a long position before we will see any positive divirgence from MACD and the RSI will rise above 50 level on the 1-Day card.
The four-hour chart shows more closely the transition from a bull to a bear stock market. So far, the 20EMA is the primary resistance levels for this view of the bear market and 100EMA is our support line.
the RSI is at 46. If it falls further, it will be a sign of a downtrend. The MACD turned down through the centerline, a sell sign. When the MACD reaches the zero level, a sign of weakness.
Conclusion. I will wait for the spike and a combination signs from the RSI, MACD and EMA to understand what's next with the price of NANO coin.
The DGB tries to hold the Support
https://www.tradingview.com/chart/DGBBTC/Uz2g0jNS-The-DGB-tries-to-hold-the-Support/
The DGB tries to hold the 300Sats level. If this support level is broken then we could see another leg lower with the DGB sliding down to the 140Sats level. The reason I am mentioning this is because BTC surged higher on Saturday with big volume as traders start to anticipate this drop. If the DGB price starts to drop, then holding BTC may be the best safe haven.
3-Day Chart:
From the chart, it looks like the DGB trend may fall through weak support level and test the next support at 140-150Sats, I think it will be several weeks before we see such a test. The falling volume is a concern. If volume can rise above the monthly average, it is a good sign that price will test the weak support before the uptrend can start.
RSI is below 50, a sign of the downtrend. The MACD turned down through the centerline, a sell sign and it is still trending down, which is a negative sign. In addition, the EMA lines put pressure on the DGB price, as well as 20EMA and 50EMA can make a death cross soon, which will be the sign of the strong downtrend.
1-Day Chart:
I can't say it's a different chart, but the daily card a copy of three day chart, 20/50/100EMA is a resistance lines, the RSI is below 50 level, it's sad
and the MACD below centerline without any positive sign on the horizon to bounce from the first support at 280Sats area.
4-Hour Chart:
Volume has been trailing off, which is not a good sign for the price to keep going up. Watch for above average buying volume as a sign the DGB price will start it's up trend. Otherwise, we should expect a pull back.
RSI is below 50 indicating the downrend. The MACD is at a low point, so the price need a spike to end the correction and start it's uptrend
My concern is that most people seem to think the markets had bottomed, and if that's the case, everyone should be long right now. If the markets continue this downward slide a few more days we could see prices drop very quickly as I mentioned above. I would rather see the trend flatten more or start to head higher before I take long term trades to the long side.
https://www.tradingview.com/chart/DGBBTC/Uz2g0jNS-The-DGB-tries-to-hold-the-Support/
The DGB tries to hold the 300Sats level. If this support level is broken then we could see another leg lower with the DGB sliding down to the 140Sats level. The reason I am mentioning this is because BTC surged higher on Saturday with big volume as traders start to anticipate this drop. If the DGB price starts to drop, then holding BTC may be the best safe haven.
3-Day Chart:
From the chart, it looks like the DGB trend may fall through weak support level and test the next support at 140-150Sats, I think it will be several weeks before we see such a test. The falling volume is a concern. If volume can rise above the monthly average, it is a good sign that price will test the weak support before the uptrend can start.
RSI is below 50, a sign of the downtrend. The MACD turned down through the centerline, a sell sign and it is still trending down, which is a negative sign. In addition, the EMA lines put pressure on the DGB price, as well as 20EMA and 50EMA can make a death cross soon, which will be the sign of the strong downtrend.
1-Day Chart:
I can't say it's a different chart, but the daily card a copy of three day chart, 20/50/100EMA is a resistance lines, the RSI is below 50 level, it's sad
and the MACD below centerline without any positive sign on the horizon to bounce from the first support at 280Sats area.4-Hour Chart:
Volume has been trailing off, which is not a good sign for the price to keep going up. Watch for above average buying volume as a sign the DGB price will start it's up trend. Otherwise, we should expect a pull back.
RSI is below 50 indicating the downrend. The MACD is at a low point, so the price need a spike to end the correction and start it's uptrend
My concern is that most people seem to think the markets had bottomed, and if that's the case, everyone should be long right now. If the markets continue this downward slide a few more days we could see prices drop very quickly as I mentioned above. I would rather see the trend flatten more or start to head higher before I take long term trades to the long side.
Does XEM pull back or not?
https://www.tradingview.com/chart/XEMBTC/cXKoDZAx-Does-XEM-pull-back-or-not/
1-Week Chart:
The weekly XEM chart shows more closely the 50-week moving average are the primary resistance levels and 100EMA is strong support for this bear market.
Earlier in the Febuary the XEM fell through support at the 5k level down to the 3.6k area. I think the XEM price can reverse course and push through the 5k level and then create the small descending trend line. There is resistance at the 5k and the 5.5k areas that need to be overcome.
From the chart, it looks like the price will continue to fall to test 3k, possibly the 2.5k levels and the 100-week moving average as support. It will be a number of weeks before we see a test of the 20/50-week moving average. To accomplish this, volume needs to be above average.
RSI is below 50 level. If it can rise above that level and stay there, then it will be a sign the uptrend. The MACD turned down through the nine-week moving average, a sell sign and it is still trending down, which is a negative sign.
3-Day Chart:
I expect we might be seeing the formation of a minor support level at the 3.6k area. Volume remains at low. The indicators are alomost at low points where they are more likely to move up giving a buy signal.
Right now the RSI is below 50, a sell sign. The MACD crossed through centerline and it turned down through its 9-day moving average giving a sell sign.
While volume is below average, the market need a spike to start uptrend.
1-Day Chart:
The daily price chart is a bit complicated as the RSI says the market is oversold. There is resistance at the 5.5k level and then the 20/50/100-day EMA line. Right now, volume has been trailing off, which is not a good sign for the market. Watch for above average buying volume as a sign the XEM will change the trend. Otherwise, we should expect a pull back.
RSI is below 30 indicating that the coin is on the oversold territory at least 8 days. The MACD is at a low point where it normally turns up. This means we are more likely to see a spike in the near future. These are the signs that the market is oversold, yet it can continue to fall for a while.
The XEM price is starting to set up a basing pattern, which is necessary before it can start a new bull market. Horizontal support at the lows and horizontal resistance at the highs form a basing pattern. This is a positive longer term and creates buying opportunities on price dips.
4-Hour Chart:
The 4-Hour chart shows the pause at the 3.6k level that began in late February. The break through the 3.5k level will indicate the downward continue. The next support is at the 3.3k level, which can being tested. Average volume has been declining, this is a normal situation before the price can start rise up.
RSI is below 50 indicating the downtrend. The MACD is turning up to the zero level, that can give us a buy sign.
The indicators are telling us the downtrend remains in tact, though they are nearing low levels where they normally signal a uptrend. It will be important to monitor the average volume, MACD and RSI, to gain an understanding of how the trend proceeds from here.
Conclusion:
I want to discuss the recent news about "Coincheck NEM Hack". At first, every exchanges have closed the XEM wallet, this is mean that hackers cant sell their NEM directly at exchange to destroy the price. Secondly, if the wallet closed with mean the other XEM holders cant deposit their digital asset to exchange until the situation with the stolen XEM is not solved. So we have a limited supply of XEM at exchanges which can be used to manipulate the price on the future news.
The hack is allways bad for digital assets because this is a cause of stress for investors and holders. I hope the XEM dev team will find a way to talk with hackers to back stolen funds.
Back to the price: for me strong signs are 100EMA support at 1W TF and Oversold at 1-Day chart.
https://www.tradingview.com/chart/XEMBTC/cXKoDZAx-Does-XEM-pull-back-or-not/
1-Week Chart:
The weekly XEM chart shows more closely the 50-week moving average are the primary resistance levels and 100EMA is strong support for this bear market.
Earlier in the Febuary the XEM fell through support at the 5k level down to the 3.6k area. I think the XEM price can reverse course and push through the 5k level and then create the small descending trend line. There is resistance at the 5k and the 5.5k areas that need to be overcome.
From the chart, it looks like the price will continue to fall to test 3k, possibly the 2.5k levels and the 100-week moving average as support. It will be a number of weeks before we see a test of the 20/50-week moving average. To accomplish this, volume needs to be above average.
RSI is below 50 level. If it can rise above that level and stay there, then it will be a sign the uptrend. The MACD turned down through the nine-week moving average, a sell sign and it is still trending down, which is a negative sign.
3-Day Chart:
I expect we might be seeing the formation of a minor support level at the 3.6k area. Volume remains at low. The indicators are alomost at low points where they are more likely to move up giving a buy signal.
Right now the RSI is below 50, a sell sign. The MACD crossed through centerline and it turned down through its 9-day moving average giving a sell sign.
While volume is below average, the market need a spike to start uptrend.
1-Day Chart:
The daily price chart is a bit complicated as the RSI says the market is oversold. There is resistance at the 5.5k level and then the 20/50/100-day EMA line. Right now, volume has been trailing off, which is not a good sign for the market. Watch for above average buying volume as a sign the XEM will change the trend. Otherwise, we should expect a pull back.
RSI is below 30 indicating that the coin is on the oversold territory at least 8 days. The MACD is at a low point where it normally turns up. This means we are more likely to see a spike in the near future. These are the signs that the market is oversold, yet it can continue to fall for a while.
The XEM price is starting to set up a basing pattern, which is necessary before it can start a new bull market. Horizontal support at the lows and horizontal resistance at the highs form a basing pattern. This is a positive longer term and creates buying opportunities on price dips.
4-Hour Chart:
The 4-Hour chart shows the pause at the 3.6k level that began in late February. The break through the 3.5k level will indicate the downward continue. The next support is at the 3.3k level, which can being tested. Average volume has been declining, this is a normal situation before the price can start rise up.
RSI is below 50 indicating the downtrend. The MACD is turning up to the zero level, that can give us a buy sign.
The indicators are telling us the downtrend remains in tact, though they are nearing low levels where they normally signal a uptrend. It will be important to monitor the average volume, MACD and RSI, to gain an understanding of how the trend proceeds from here.
Conclusion:
I want to discuss the recent news about "Coincheck NEM Hack". At first, every exchanges have closed the XEM wallet, this is mean that hackers cant sell their NEM directly at exchange to destroy the price. Secondly, if the wallet closed with mean the other XEM holders cant deposit their digital asset to exchange until the situation with the stolen XEM is not solved. So we have a limited supply of XEM at exchanges which can be used to manipulate the price on the future news.
The hack is allways bad for digital assets because this is a cause of stress for investors and holders. I hope the XEM dev team will find a way to talk with hackers to back stolen funds.
Back to the price: for me strong signs are 100EMA support at 1W TF and Oversold at 1-Day chart.
STRATIS. This is the calm before the storm.
To make money in the cryptomarket it is important to follow the trend. I believe it is best to begin with the big picture in mind and then work our way down to daily and than 4h chart. The RSI seems to be a good indicator of the cyclical overbought and oversold markets. In addition, the EMA lines act as support in a bull market and resistance in a bear market. You will notice that these charts give you more information about market trend than one card for example with 30M TF.
3-Day Chart:
The RSI dropped below 50, indicates a downtrend on the market, as well this indicator is far from oversold area. The price fell through the rising EMA lines and MACD crossed below zero.
The price looks to be just above the 0.00065 support level. If we are testing the 20/50EMA resistance lines, I think it will be a sign of uptrend which we will see in the next few months. If this resistance level holds, then it is a sign that the market will fall to strong support level to continue an accumulation of this wonderful coin.
1-Day Chart:
In the daily TF above, the price don't try to break up through the upper descending 20/50/100EMA lines and I think it's because someone want to buy more at this dip before first ICO will happen. To break through, we need to see above average volume and price spike to 110k, or the market will continue to either fall, possibly testing the lows reached in April 2017.
RSI is below 50 indicating a downtrend however it's near oversold area. Earlier the MACD failed to rise up through the signal line. It encountered resistance with 9-Day moving average and turned down, a sign of weakness. The indicators are telling us the market is at a decision point, either continuing to rally if it can move up or pull back and test prior lows.
If you are long, you should wait some days to understand where the price will go.
If the spike will happen, then significant resistance will be encountered at the exponential moving averages, and at the resistance level at 140k.
4-Hour Chart:
The 4-Hour chart above, an accumulation market has formed, but my opinion the price is oversold right now, so the fair price for this coin starts from 75k. This is an accumulation formation indicating we are more likely to see a spike soon. If that happens, we will most likely test the prior resistance at 80k-110k.
RSI is below 50 indicating a downtrend. The MACD turned may be turning down or up through the 9H moving average.Just keep in mind, Warren Buffett's first rule of investing is to not loose money. Patience is the key for you and your future investitions.
Conclusion:
Look closely to this digital asset. I recommend you to read about the first ICO on the Stratis platform, which will have a private sale at 5th March. I want to quote one of our telegram members.
"with sidechains, ico platforms (the 2 icos gluon and beyond global trade) they have a serious platform
also a DEV from C# corner and microsoft developer with high reputation joint the strat dev team
march and q2 will be huge
solid coin"
https://www.tradingview.com/chart/STRATBTC/hch2iPCa-STRATIS-This-is-the-calm-before-the-storm/
To make money in the cryptomarket it is important to follow the trend. I believe it is best to begin with the big picture in mind and then work our way down to daily and than 4h chart. The RSI seems to be a good indicator of the cyclical overbought and oversold markets. In addition, the EMA lines act as support in a bull market and resistance in a bear market. You will notice that these charts give you more information about market trend than one card for example with 30M TF.
3-Day Chart:
The RSI dropped below 50, indicates a downtrend on the market, as well this indicator is far from oversold area. The price fell through the rising EMA lines and MACD crossed below zero.
The price looks to be just above the 0.00065 support level. If we are testing the 20/50EMA resistance lines, I think it will be a sign of uptrend which we will see in the next few months. If this resistance level holds, then it is a sign that the market will fall to strong support level to continue an accumulation of this wonderful coin.
1-Day Chart:
In the daily TF above, the price don't try to break up through the upper descending 20/50/100EMA lines and I think it's because someone want to buy more at this dip before first ICO will happen. To break through, we need to see above average volume and price spike to 110k, or the market will continue to either fall, possibly testing the lows reached in April 2017.
RSI is below 50 indicating a downtrend however it's near oversold area. Earlier the MACD failed to rise up through the signal line. It encountered resistance with 9-Day moving average and turned down, a sign of weakness. The indicators are telling us the market is at a decision point, either continuing to rally if it can move up or pull back and test prior lows.
If you are long, you should wait some days to understand where the price will go.
If the spike will happen, then significant resistance will be encountered at the exponential moving averages, and at the resistance level at 140k.
4-Hour Chart:
The 4-Hour chart above, an accumulation market has formed, but my opinion the price is oversold right now, so the fair price for this coin starts from 75k. This is an accumulation formation indicating we are more likely to see a spike soon. If that happens, we will most likely test the prior resistance at 80k-110k.
RSI is below 50 indicating a downtrend. The MACD turned may be turning down or up through the 9H moving average.Just keep in mind, Warren Buffett's first rule of investing is to not loose money. Patience is the key for you and your future investitions.
Conclusion:
Look closely to this digital asset. I recommend you to read about the first ICO on the Stratis platform, which will have a private sale at 5th March. I want to quote one of our telegram members.
"with sidechains, ico platforms (the 2 icos gluon and beyond global trade) they have a serious platform
also a DEV from C# corner and microsoft developer with high reputation joint the strat dev team
march and q2 will be huge
solid coin"
https://www.tradingview.com/chart/STRATBTC/hch2iPCa-STRATIS-This-is-the-calm-before-the-storm/
Are You Bullish or Bearish on LUN token?
1Day
The 1-Day LUN trend chart shows that the market has bounced from support level at 0.0015 area.
The rising trend that has been support since the rally started some days ago, continues to hold indicating the market rally will continue however I recommend to monitor any retest to see if it holds. If EMA support fails, look for a pull back to the support level at 0.0017 area again.
RSI is above 50, a sign of an up trend. The MACD is below centerline, indicating bear market but it has a good tendency for uptrend because a few days ago, when the price spiked, the MACD made a bullish crossover.
Monitor EMA support of the rising trend. If it holds, it is a good buying opportunity. Otherwise, wait for the 50-Day EMA to act as support.
4Hour
I expect the market to move down to test the recent EMA support. On the other hand, if the price breaks through the dotted line, then look for the LUN to test the 0.0028 level.
RSI is above 50 indicating an up trend. The MACD gave a buy signal indicating a move up that is continuing.
In bear markets it is best to trade from 50EMA line and sell at a resistance level.
30M
On the 30M chart, the price broke through support of the rising trend, the 20EMA. The 50 and 100EMA are holding as support.
RSI is below 50 indicating a downtrend. The MACD turned down through the 9MA, giving a sell sign. I think this chart is telling us the market is turning down after having fallen through the rising trend. Monitor whether the market can regain and hold the 0.002 area. The 50EMA will supply some resistance.
Conclusion.
"Lunyr (pronounced “lunar”) is an Ethereum-based decentralized crowdsourced encyclopedia which rewards users with app tokens for peer-reviewing and contributing information. We aim to be the starting point of the internet for finding reliable, accurate information. Our long-term vision is to develop a knowledge base API that developers can use to create next generation decentralized applications in Artificial Intelligence, Virtual Reality, Augmented Reality, and more."
The idea is really interesting, besides, I like the fact that have a fixed total supply of 2,703,356
I think that such a small number of tokens are very easy to manipulate, so any analysis can be destroyed at any time. I'm sure that we'll see $ 100 for the LUN token before the project moves from beta to public. Look at SteemIT, it is popular, it means that decentralized crowdsourced encyclopedia will be in demand too.
https://www.tradingview.com/chart/LUNBTC/HjZwJ0NF-Are-You-Bullish-or-Bearish-on-LUN-token/
1Day
The 1-Day LUN trend chart shows that the market has bounced from support level at 0.0015 area.
The rising trend that has been support since the rally started some days ago, continues to hold indicating the market rally will continue however I recommend to monitor any retest to see if it holds. If EMA support fails, look for a pull back to the support level at 0.0017 area again.
RSI is above 50, a sign of an up trend. The MACD is below centerline, indicating bear market but it has a good tendency for uptrend because a few days ago, when the price spiked, the MACD made a bullish crossover.
Monitor EMA support of the rising trend. If it holds, it is a good buying opportunity. Otherwise, wait for the 50-Day EMA to act as support.
4Hour
I expect the market to move down to test the recent EMA support. On the other hand, if the price breaks through the dotted line, then look for the LUN to test the 0.0028 level.
RSI is above 50 indicating an up trend. The MACD gave a buy signal indicating a move up that is continuing.
In bear markets it is best to trade from 50EMA line and sell at a resistance level.
30M
On the 30M chart, the price broke through support of the rising trend, the 20EMA. The 50 and 100EMA are holding as support.
RSI is below 50 indicating a downtrend. The MACD turned down through the 9MA, giving a sell sign. I think this chart is telling us the market is turning down after having fallen through the rising trend. Monitor whether the market can regain and hold the 0.002 area. The 50EMA will supply some resistance.
Conclusion.
"Lunyr (pronounced “lunar”) is an Ethereum-based decentralized crowdsourced encyclopedia which rewards users with app tokens for peer-reviewing and contributing information. We aim to be the starting point of the internet for finding reliable, accurate information. Our long-term vision is to develop a knowledge base API that developers can use to create next generation decentralized applications in Artificial Intelligence, Virtual Reality, Augmented Reality, and more."
The idea is really interesting, besides, I like the fact that have a fixed total supply of 2,703,356
I think that such a small number of tokens are very easy to manipulate, so any analysis can be destroyed at any time. I'm sure that we'll see $ 100 for the LUN token before the project moves from beta to public. Look at SteemIT, it is popular, it means that decentralized crowdsourced encyclopedia will be in demand too.
https://www.tradingview.com/chart/LUNBTC/HjZwJ0NF-Are-You-Bullish-or-Bearish-on-LUN-token/
The Battle of Bitcoin
1W
It is best to begin with the big picture in mind and then work our way down to three day, then daily and four-hour views of the charts. You will notice that the chart and the value of the indicators change as we move from a weekly to a daily and then a 4H chart. This is a normal part of the technical analysis.
Let's start with the long term view of the Bitcoin price. In January, we fell into a bear market as the RSI has been overbought. The price fell through the rising trend line (20-Week EMA) and the basic MACD trading rule is to sell when the "slow line" of the MACD falls below the faster 9-Week EMA line (known as a "bearish crossover"). This is consistent with the fundamentals of a weakening trend, and a recession. It is best to remain nimble during times like this.
In late January support at 11800 and 12770 failed, as well as a few days ago the price has failed to break through the resistance at 11800, indicating further weakness was ahead. RSI above 50 indicates an uptrend, though it is close to breaking up through 50. So far, the the 20-Week EMA is the primary resistance for this bear market.
The MACD is trending down, as well it isn't at a low point and it normally continue falls down. When the MACD line rises through the 9-week moving average, we will have a buy sign. Long term the trend is still down, but we are likely to see consolidation at the next level and possibly a rally down to the support at the 4k area.
3Day
The three-day chart shows more closely the transition from a bull to a bear market. So far, the descending trend line is the primary resistance for this bear market, very soon we will see the new resistance from 50-Day EMA.
RSI below 50 indicates a downtrend. MACD is below zero line, indicating the strong downtrend. When it rises through the 9-Day moving average and the centerline, we will have a GREEN FLAG, to re-buy bitcoin again.
By the way, I expect the price will execute the first death cross when the 20-Day EMA falls down through the 50-Day EMA support line, this is again a sell sign.
The support from the 50-Day EMA is so weak, that I think it can be breached very fast.
1Day
In the daily chart a horizontal channel is forming with support at 8k and resistance at 11k. This is a good sign that the market is forming a support base from which it can bounce out. However, it can also fall further.
RSI is below 50 indicating a downtrend, though it is close to falling down below 50 level. The MACD rose up through the 9-Day moving average, a buy sign, but don't worry, it's a bull trap because the MACD is below centerline. The indicators are giving a sell sign, indicating a downtrend is likely will continue.
Look for a break through the 12k level as a sign the Bitcoin price will go higher. If that happens it would indicate a new rally is underway.
Right now the 100-Day and 50-Day exponential moving averages provide significant resistance.
4Hour
Bitcoin price broke through support from 20-Hour and 50-Hour EMA and continues to fall.
RSI is below 50 indicating a downtrend. The MACD turned down through the nine-day moving average and the centerline, a sell sign.
The break down through the EMA is a sign of further weakness in the market. Moreover, the pattern gives us a target of 8k. This does not mean the price will fall there in a straight line. Rather, we could see a rebound at the 9k level, possibly back to 9.8k, before the price turns down again.
Conclusion. Wait for the dip. Re-buy when you will have a buy sign from the RSI, MACD and EMA on the 3-Day time frame.
https://www.tradingview.com/chart/BTCUSD/mE7Dyrb1-The-Battle-of-Bitcoin/
1W
It is best to begin with the big picture in mind and then work our way down to three day, then daily and four-hour views of the charts. You will notice that the chart and the value of the indicators change as we move from a weekly to a daily and then a 4H chart. This is a normal part of the technical analysis.
Let's start with the long term view of the Bitcoin price. In January, we fell into a bear market as the RSI has been overbought. The price fell through the rising trend line (20-Week EMA) and the basic MACD trading rule is to sell when the "slow line" of the MACD falls below the faster 9-Week EMA line (known as a "bearish crossover"). This is consistent with the fundamentals of a weakening trend, and a recession. It is best to remain nimble during times like this.
In late January support at 11800 and 12770 failed, as well as a few days ago the price has failed to break through the resistance at 11800, indicating further weakness was ahead. RSI above 50 indicates an uptrend, though it is close to breaking up through 50. So far, the the 20-Week EMA is the primary resistance for this bear market.
The MACD is trending down, as well it isn't at a low point and it normally continue falls down. When the MACD line rises through the 9-week moving average, we will have a buy sign. Long term the trend is still down, but we are likely to see consolidation at the next level and possibly a rally down to the support at the 4k area.
3Day
The three-day chart shows more closely the transition from a bull to a bear market. So far, the descending trend line is the primary resistance for this bear market, very soon we will see the new resistance from 50-Day EMA.
RSI below 50 indicates a downtrend. MACD is below zero line, indicating the strong downtrend. When it rises through the 9-Day moving average and the centerline, we will have a GREEN FLAG, to re-buy bitcoin again.
By the way, I expect the price will execute the first death cross when the 20-Day EMA falls down through the 50-Day EMA support line, this is again a sell sign.
The support from the 50-Day EMA is so weak, that I think it can be breached very fast.
1Day
In the daily chart a horizontal channel is forming with support at 8k and resistance at 11k. This is a good sign that the market is forming a support base from which it can bounce out. However, it can also fall further.
RSI is below 50 indicating a downtrend, though it is close to falling down below 50 level. The MACD rose up through the 9-Day moving average, a buy sign, but don't worry, it's a bull trap because the MACD is below centerline. The indicators are giving a sell sign, indicating a downtrend is likely will continue.
Look for a break through the 12k level as a sign the Bitcoin price will go higher. If that happens it would indicate a new rally is underway.
Right now the 100-Day and 50-Day exponential moving averages provide significant resistance.
4Hour
Bitcoin price broke through support from 20-Hour and 50-Hour EMA and continues to fall.
RSI is below 50 indicating a downtrend. The MACD turned down through the nine-day moving average and the centerline, a sell sign.
The break down through the EMA is a sign of further weakness in the market. Moreover, the pattern gives us a target of 8k. This does not mean the price will fall there in a straight line. Rather, we could see a rebound at the 9k level, possibly back to 9.8k, before the price turns down again.
Conclusion. Wait for the dip. Re-buy when you will have a buy sign from the RSI, MACD and EMA on the 3-Day time frame.
https://www.tradingview.com/chart/BTCUSD/mE7Dyrb1-The-Battle-of-Bitcoin/
Impressive, love your organization as posts.. I wish your charts were slightly different colors but thats just nitpicking.. would give you merit if I could.
Thanks! What colors for example?
What is your take with alts versus BTC in general?
Looking at the BTC dominance it's over 40% and many alts are failing to find support and might lead to massive sell off.
Look at the XMR and ADA and TRX charts wrt BTC
Looking at the BTC dominance it's over 40% and many alts are failing to find support and might lead to massive sell off.
Look at the XMR and ADA and TRX charts wrt BTC
Impressive, love your organization as posts.. I wish your charts were slightly different colors but thats just nitpicking.. would give you merit if I could.
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