TonyTheBullSeverino

TOTAL3 (Altcoins) Triggers Weekly SuperTrend Buy Signal

TOTAL3 made an extremely incremental new ATH, but the weekly candle close last night was enough to trigger a SuperTrend BUY signal on the weekly.

These tend to do a fairly good job of capturing the overall trend. If the signal is as accurate as it has been in the past, we should see an uptrend for several months.

TAO Analysis via Chart Request

TAO is a tougher read on most timeframes.

However, the weekly Bollinger Bands are the tightest ever, suggesting a huge move is coming. It doesn’t tell us a direction currently, but a close above the upper Bollinger Band will generate a buy signal. The trade is closed when price closes back below the weekly Bollinger Band basis line.

If the rest of the market moves up, the pent up energy in TAO will release to the upside too.

Bitcoin BTCUSD Daily (1D) Analysis – More Downside Ahead?

I'm sensing another leg down in Bitcoin before we get more of a bounce

Price rejected at former resistance turned support, now possibly back to resistance – which is the neckline of a double-top pattern

Especially if the LMACD diverges downward further below the zero line

Target based on the measure rule is a move back to $101K