BCHSV/BTC Outlook

4 giu 2019

in 4 hour chart, Ascending triangle pattern sighted very clearly..
but it tell something different by looking with indicators
see a potential support or resistance through fib retracement line.




DMI : DMX is still rising mean momentum strength is still strong for bull for mean while.. DMI+ is decreasing but still maintain above DMI- which is bullish momentum still dominate

MACD : Macd line is decreasing, see a orange line for divergence with price action. also the buyer volume is not following a price action as it's lower higher than previous high..

RSI : though it still moving upward entering overbought area, it still lower than previous high,

the divergence is invalidated once the indicator line move above the orange horizontal line i mark in each indicator.. also invalidated ascending triangle as a whole if the price action do broke down the below triangle's trendline or prolonged sideway.

Volume MA also show a divergence as it is decreasing from previous high.

please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.

4 giu 2019

Nota

recently testing it's last high and if it manage to get above that level.. 0.031 satoshi is the next resistance and 0.30 will be a short term support..

5 giu 2019

Nota

potential inverse adam and eve's pattern. invalid if the top price is breached and created a significant new high.

6 giu 2019

Nota

ascending triangle is invalidated since it's already broke the trend line