Current price action indicates a breakout is needed!
Updated
Hello everyone. All of my previous buy signals have so far been a success.
I am determined to continue giving this information away, so that I can
continue to challenge everything I have been learning. I recently decided
to start a public telegram, which gives this type of live information away
for free. I post BTC signals, and am now starting to post alt signals as well.
So, as for BTC.
Right now it is currently in an ascending channel looking to form support
at the $9,950 region. Problem is, there is very low volume indicated.
RSI has spiked, but with volume being low we need something fast or the
bears are going to take back control. Outlined in the above chart are two
very key supports. We are quite literally knocking on 10k's door, to see if
anyone is home. There is a HUGE resistance at this level, so bulls need to
break it in order to validate a buy opportunity.
OR
Bounce with serious momentum off of either 3 supports.
I do truly believe we will surpass 10k, and I believe we will have a final
profit target of somewhere near 11.5k-12k. HOWEVER. We have been
going up up and up, without testing supports to make sure they are going
to hold. This is a problem. Bears need to knock us down to test at least one
of the supports, to confirm there are still buyers in those regions. Right now,
I believe we do not have the needed momentum to break 10k. That being
said, I believe we will fall temporarily to a support.
I am live streaming on Twitch. I also now have a public telegram.
If you would like to learn something new about Technical Analysis,
Crypto in general, want a coin TA'd, or whatever, feel free to PM me.
My telegram is now public so anyone can join. PM me as well if you would
like the link to that as I cannot advertise either sources here.
This is not financial advice, just an amateur's thoughts, painted on a chart.
Always remember. Pigs get fed, hogs get slaughtered.
Good luck and happy trading!
PS- Feel free to take a look at my previous ideas listed below to get an
idea of the type of amateur you are dealing with. ;)
I am determined to continue giving this information away, so that I can
continue to challenge everything I have been learning. I recently decided
to start a public telegram, which gives this type of live information away
for free. I post BTC signals, and am now starting to post alt signals as well.
So, as for BTC.
Right now it is currently in an ascending channel looking to form support
at the $9,950 region. Problem is, there is very low volume indicated.
RSI has spiked, but with volume being low we need something fast or the
bears are going to take back control. Outlined in the above chart are two
very key supports. We are quite literally knocking on 10k's door, to see if
anyone is home. There is a HUGE resistance at this level, so bulls need to
break it in order to validate a buy opportunity.
OR
Bounce with serious momentum off of either 3 supports.
I do truly believe we will surpass 10k, and I believe we will have a final
profit target of somewhere near 11.5k-12k. HOWEVER. We have been
going up up and up, without testing supports to make sure they are going
to hold. This is a problem. Bears need to knock us down to test at least one
of the supports, to confirm there are still buyers in those regions. Right now,
I believe we do not have the needed momentum to break 10k. That being
said, I believe we will fall temporarily to a support.
I am live streaming on Twitch. I also now have a public telegram.
If you would like to learn something new about Technical Analysis,
Crypto in general, want a coin TA'd, or whatever, feel free to PM me.
My telegram is now public so anyone can join. PM me as well if you would
like the link to that as I cannot advertise either sources here.
This is not financial advice, just an amateur's thoughts, painted on a chart.
Always remember. Pigs get fed, hogs get slaughtered.
Good luck and happy trading!
PS- Feel free to take a look at my previous ideas listed below to get an
idea of the type of amateur you are dealing with. ;)
Note
REMEMBER PEOPLE. 10k+ with MOMENTUM is a buy
NO SOONER.
Note
If we break the above 2 resistances with high RSI and high volume, this is a buy opportunity. Possibly one of your last good chances.
Remember. We need A LOT of momentum. I believe getting above these 2 resistances should get what we need going.
Note
This is the most bizarre dump I have ever seen. However, if we reverse here, this is going to be even MORE hidden bullish divergence. I will update this tomorrow.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.