NEO extra analysis:
No real set-up here as of now. NEO is currently at POC resistance.
This means that there is quite a lot of historically transacted volume weighing on price. That is, the POC is a strong resistance.
It's quite likely NEO will get rejected from the POC.
Though there is a weak bullish divergence on price, NEO has to continue to maintain this Lower Low & Higher Low combo on the RSI for bulls to stand any chance.
NEO tends to easily breach the dashed black in an uptrend but NEO is going through a sell-off right now.
So even if price manages to breach the POC - it might fail to press past the dashed black level.
It's likely we're seeing some short-term relief from NEO but if it'd like to gain any more traction from bulls, it would need to retrace to garner that buy interest.
No real set-up here as of now. NEO is currently at POC resistance.
This means that there is quite a lot of historically transacted volume weighing on price. That is, the POC is a strong resistance.
It's quite likely NEO will get rejected from the POC.
Though there is a weak bullish divergence on price, NEO has to continue to maintain this Lower Low & Higher Low combo on the RSI for bulls to stand any chance.
NEO tends to easily breach the dashed black in an uptrend but NEO is going through a sell-off right now.
So even if price manages to breach the POC - it might fail to press past the dashed black level.
It's likely we're seeing some short-term relief from NEO but if it'd like to gain any more traction from bulls, it would need to retrace to garner that buy interest.
Rekt Capital
GVT update: https://twitter.com/rektcapital/status/1165920210982973440?s=20
Twitter
Rekt Capital
$GVT / $BTC #GenesisVision Black dashed support offers a +7% bounce straight into the blue diagonal Once again needs to 1D candle close above the diagonal & S/R flip it to confirm a breakout This confirmation is important as GVT has faked out 4 times in 2…
Rekt Capital
NEO update: https://twitter.com/rektcapital/status/1166346043904135168?s=20
Twitter
Rekt Capital
$NEO / $BTC Rejected from POC resistance ✅ Small short-term relief from the purple trendline if it continues to hold Volume gap below the trendline so a trendline breakdown would lead towards 'bargain buyer' territory Extra analysis in https://t.co/6rq2ZDy6fK…
Rekt Capital
NEO extra analysis: No real set-up here as of now. NEO is currently at POC resistance. This means that there is quite a lot of historically transacted volume weighing on price. That is, the POC is a strong resistance. It's quite likely NEO will get rejected…
NEO extra analysis follow up:
Yesterday we spoke about how a rejection from POC resistance was likely and how NEO would need a retrace to gain more traction from the bulls.
Indeed, NEO got rejected from the POC and retraced towards the purple trendline.
Having said that, the Lower Low hasn't been breached. In fact, a long downward wick ventured into lower price levels in an attempt to garner that buy interest.
But this wick ventured into a Volume Gap. Are there many lingering buy orders in a Volume Gap? Not too many.
So though a bounce from here could happen, I expect this relief to be short-lived because the buy interest in a Volume Gap isn't too fervent.
At some point in the future the purple trendline may be broken which could send NEO towards 'bargain buyer' territory - an area where there is clearly a lot of buy volume.
Yesterday we spoke about how a rejection from POC resistance was likely and how NEO would need a retrace to gain more traction from the bulls.
Indeed, NEO got rejected from the POC and retraced towards the purple trendline.
Having said that, the Lower Low hasn't been breached. In fact, a long downward wick ventured into lower price levels in an attempt to garner that buy interest.
But this wick ventured into a Volume Gap. Are there many lingering buy orders in a Volume Gap? Not too many.
So though a bounce from here could happen, I expect this relief to be short-lived because the buy interest in a Volume Gap isn't too fervent.
At some point in the future the purple trendline may be broken which could send NEO towards 'bargain buyer' territory - an area where there is clearly a lot of buy volume.
Rekt Capital
BTC - 1W update: https://twitter.com/rektcapital/status/1164527748569817089?s=20
BTC - 1W update:
https://twitter.com/rektcapital/status/1166780932059254786?s=20
https://twitter.com/rektcapital/status/1166780932059254786?s=20
Twitter
Rekt Capital
$BTC - 1W Flips $10,800 into resistance on the 1W ✅ Follow through from this bearish confirmation is finally under way #Bitcoin #Crypto
My latest article got featured on Hackernoon as a Bitcoin Top Story today.
"Is Bitcoin in a Bull Market or a Bear Market?"
Check it out if you missed it:
https://hackernoon.com/is-bitcoin-in-a-bull-market-or-a-bear-market-rhao3cl3
"Is Bitcoin in a Bull Market or a Bear Market?"
Check it out if you missed it:
https://hackernoon.com/is-bitcoin-in-a-bull-market-or-a-bear-market-rhao3cl3
Hackernoon
Is Bitcoin in a Bull Market or a Bear Market? | Hacker Noon
Bitcoin has rallied over 300% since its bottom in mid-December 2018.
Rekt Capital
BTC - 1W update: https://twitter.com/rektcapital/status/1166780932059254786?s=20
BTC - 1W update:
https://twitter.com/rektcapital/status/1168154778687422464?s=20
https://twitter.com/rektcapital/status/1168154778687422464?s=20
Twitter
Rekt Capital
$BTC - 1W Price reaches $9,500 Weekly Close later today A 1W Close below $9,500 would likely result in a breakdown Until $BTCUSD 1W closes below $9,500 or above $10,800 - it'll continue to meander within the blue box until price compresses into a decision…
Rekt Capital
DUSK update: https://twitter.com/rektcapital/status/1168208959179755520?s=20
Twitter
Rekt Capital
$DUSK / $BTC DUSK decides to go with scenario b) Breaks out past the blue diagonal resistance for a +5% move DUSK is now exiting its brief range & is in the process of retesting the top of said range Doing so successfully will enable DUSK to continue its…
Rekt Capital
QNT update: https://twitter.com/rektcapital/status/1168205326774079488?s=20
Twitter
Rekt Capital
$QNT / $BTC #quant There it is - the retrace after the relief rally ✅ Now threatening to lose the purple wedge & blue Order Block altogether Should this happen, a retrace towards the purple is possible The momentum of the retrace could pull a few wicks to…
Rekt Capital
BTC - 1W update: https://twitter.com/rektcapital/status/1168154778687422464?s=20
BTC - 1W update:
https://twitter.com/rektcapital/status/1168485820677939200?s=20
https://twitter.com/rektcapital/status/1168485820677939200?s=20
Twitter
Rekt Capital
$BTC - 1W Weekly Close is in but doesn't change BTC's overall price predicament on the 1W chart As far as the 1W goes - $BTCUSD is sandwiched between $9,500 & $10,800 Blue diagonal resistance may figure as significant if the rebound from ~$9,500 continues…
Rekt Capital
REN update: https://twitter.com/rektcapital/status/1165927527690510337?s=20
Twitter
Rekt Capital
$REN / $BTC Finally reaches the green area ✅ Though it has rebounded +6% so far, historically REN has enjoyed stronger reactions upon a deeper visit into green So if REN offers a downward wick deeper into green, price would be able to produce decent upside…
Rekt Capital
LINK update: https://twitter.com/rektcapital/status/1146055131865108480 Extra analysis: Though LINK has broken out from its black sideways channel, it's important to note that LINK hasn't been able to print a higher timeframe candle outside of the channel…
Twitter
Rekt Capital
$LINK / $BTC #link #chainlink Fast forward 2 months & LINK has strongly retraced LINK will continue its retrace towards the first blue which could offer some reaction, especially if it wicks to green Second blue is a possibility after 1st blue has enjoyed…