Bitcoin Descending WedgeBitcoin has been in a descending wedge since May 16th. These are textbook bullish patterns. In 82% of cases, the exit is bullish. In 55% of cases, a falling wedge is a reversal pattern. In 63% of cases, the pattern’s price objective is achieved when the resistance line is broken. In 53% of cases, the price makes a support pullback on the falling wedge’s resistance line. And in 27% of cases, false breaks (false exits) appear.
A bullish breakout could be a sign that this bull market isnt over. However it could just be one last deadcat bounce before the actual bear market. Odds are were looking for a reversal. This can be a great opportunity for a long. Keep in mind were literally right at the 50 MA on the weekly. The last time we broke below the 50 MA on the weekly was in March 2020, and we all know what happened after we broken back above it. (almost a 7x and 50 week up trend, and a 15x from the bottom). Let me know what you guys think. Good luck !
Bullrunincoming
XRP is very close to breaking a 53 day downtrend! Here's a quick look at XRP 4 chart. As we can see, the price has been in a downtrend for more than 50 days now, and it is very close to breaking that trend! The best entry would be, when the price breaks above the yellow Trend line with good amount of volume . This is a sleeping beast! Keep an eye on this setup.
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The idea is: Buy the breakout from the yellow Trend line and take profits at the levels shown in the chart.
Targets:
1. 0.78$
2. 0.84$
3. 0.91$
4. 0.97$
- Profits can also be taken in the resistance zone.
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
MATIC close to a breakout!Here's a Quick look at MATIC 4 hr chart. As we can see, the price has printed a symmetrical triangle and is close to a breakout. The best entry would be, when the price breaks above the triangle with good amount of volume. This is a sleeping beast! Keep an eye on this setup.
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The idea is: Buy the breakout from the triangle and take profits at the levels shown in the chart.
Targets:
1. 1.428$
2. 1.51$
3. 1.6$
- Profits can also be taken in the resistance zone .
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Final Low of the Year? BTC/USD : Minority Venture Capital (MVC)NEW DAILY CLOSING SWING LOW
^Says it all. After not having enough strength to even reach the death cross of the 50 SMA over the 200 SMA, BTC is back down testing its lows. I think it's very unlikely that the ~30k area will hold the price up for a fourth time. With the 6th day of 9 just beginning on TD Sequential count, I'm looking for a 9 buy and reversal in the mid/high 20s. If this comes to fruition, I believe that there is a high likelihood that it would be bottom for the year. However, if the 9 comes and we are still floating around the 30k mark, I doubt it will turn into any substantial bull run.
IS OMGUSD READY FOR NEXT BULL RUN? #BLESSEDPIPSCRYPTOS HAVE BEEN VERY SILENT LATELY, WITH GOLD AND SILVER NOW BULLISH. WILL THE METALS LEAD THE WAY FOR THE CRYPTOS LIKE THE FIRST BULL RUN WE HAD THIS YEAR. VERY EXCITED TO SEE WHATS NEXT.
#BLESSEDPIPS
BTC Back on track to 43k?!Here's a quick update on BTC 2 hr chart.
As we can see, the price broke down from the yellow symmetrical triangle. The price stayed within the descending broadening wedge and bounced from the bottom of it at the 31k level. You could make the case that the price is in a bigger falling channel as well and the price bounced from the bottom trend line represented with thin yellow.
Now the bitcoin price has formed a potential double bottom with a higher low (HL) structure which is a very bullish sign of reversal!
Another thing to note is that the price broke back into the symmetrical triangle with enhanced volume!
If the bulls can hold the price within the symmetrical triangle and get above the red resistance zone then we will probably see a bigger reversal to the upside!
The most important level to break atm is the 40k level. If the price breaks 40k, then get ready for moon!
Note that the RSI is almost oversold. We might see some sideways price action here!
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My 100x Pick - BonFire token
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Big move coming soon for BTT !!Here's a quick look at BTT 4 hr chart. As we can see, the price is still in the triangle and if BTC moves higher from here, we should see a bigger breakout. The volume is very low and we should see a bigger move soon!
My 100x Pick - BonFire token
The idea is: Buy the breakout from the triangle and take profits at the levels shown in the chart.
Targets:
1. 0.0046$
2. 0.0056$
3. 0.0066$
- Profits can also be taken in the resistance zone .
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BTC/USD - Will Price Retrace to Neckline?So a couple months back a colleague and I joked about how technically, BTC's price should see some kind of huge pullback and retest its neckline area. With how much crypto has grown in previous years and seeing what kind of potentials it has moving forward, it was just kind of hard to believe that price would ever have that drastic of a pullback.
Well here we are today and now seeing BTC not being able to catch any kind of support and it just goes on to make me wonder.
Anyways, personally, I'm a bullish trader when it comes to the crypto market and I'm currently sitting on the sidelines waiting for price action to give me a sign that it's time to reinvest. I truly do believe that the growth that we have seen in the crypto market since March of last year is just the beginning of a massive bull run and that in years down "Crypto" will be added to the list of "Investments of the Decade".
As far as which coins make it, let's put it this way. Between CoinGeeko and CoinMarketCop there are between 7500-10,000 "legitimate" crypto currencies on record. Even if 99.5% of these cryptos were to die off by the end of the decade, you would still be left with 375-500 different cryptocurrencies.
In conclusion, I personally still don't believe BTC's price would ever fall to this level, I just thought it would be an idea that someone else out there might enjoy thinking about.
Until next time.
$ABNB Awakening. Surge in Money flow and volume detectedMy understanding of this ticker is that it is moving because of large booking numbers that were revealed on the earnings call. This has resulted in a large amount of volume and money moving into the stock (See the OBV and the CMF listed above). This is showing early signs that the ticker may be "making a come back". My estimate on this trade is that it will complete by June 10th. I would look for this running up to the 150-160$ range and 160+ if it goes parabolic.
Trade at your own risk. This is early on in the movement so things can change. Best of luck.
BTC Rejected by the 200 EMA!Here's a quick look at BTC 4 hr chart. As we can see the price is right now in a bigger falling wedge.
Also the 200 EMA on the 4 hr chart has worked as a support throughout the bullrun. If we can get back above and close above it, that would be a bullish sign - otherwise we will continue lower!
Also the resistance zone is a very important zone to overcome. If the price can manage to get past the resistance zone, 60k is then very likely and i should remind you that we've got an unfilled CME gap at 60.3k.
The volume is decreasing and the price is increasing - that's a bearish sign! We are at the top of the falling wedge, and it would make sense to get a pullback or a bigger breakout to the upside.
If we break below the crucial zone, the price will very likely get down to the support zone.
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
XRP is getting closer to breaking outNot long now.
It looks like XRP is going to break out the resistance level any time. I guess that the court hearing from 30th of April will have it's say in the bull run. Hopefully, we get to have a very wild bull this time around.
Let's pack our bags while we can!
Cheerio,
CryptoYLY
XRPUSDxrpusd - based on that market structure, price made a high then a retracement which for me is normal..
Now we reached the level of support based on fibonnaci channel, this support seems to be really important because price at the past reacted many times at this level...
Price retracements are normally for the trend continuation, I expect price will create support and the ride the trend to the next target all time high or above that...
Also keep in mind, the fundamentals are being more solid(bullish) and normal for XRP after the SEC lawsuit which brought many fear and panic to holders..//
The judge granted the holders to intervene in case also the Judge obligated the SEC to provide all docs (required by Ripple) about BTC and ETH in which SEC need to prove why BTC and ETH are different than XRP.
Time will do it's job..
NOTE: this is educational chart only, is not investment advice!..
$ASTC Astrotech Corporation operates as a science and technology development and commercialization company in the United States. It operates through two segments, 1st Detect Corporation and AgLAB Inc. The 1st Detect Corporation segment manufactures explosives and narcotics trace detectors for use at airports, secured facilities, and borders. This segment provides TRACER 1000, a mass spectrometer based explosives trace detector to replace the explosives and narcotics trace detectors used at airports, cargo and secured facilities, and borders. The AgLAB Inc. segment develops AgLAB-1000, a mass spectrometer for use in the agriculture market for process control and the detection of trace amounts of solvents and pesticides. It also develops BreathTest-1000, a breath analysis tool to screen for volatile organic compound metabolites found in a person's breath. The company was formerly known as SPACEHAB, Inc. and changed its name to Astrotech Corporation in 2009. Astrotech Corporation was founded in 1984 is based in Austin, Texas.
MDCN Medican Enterprises Inc 10,000% Potential!!MDCN Medican Enterprises & Immediate Properties
Immediate Properties specializes in residential and commercial real estate investment and development. The Company's success has worked to form lasting, concrete relationships with top equity suppliers, such as individual, commercial and institutional sources. These relationships enable Immediate Properties to provide beyond typical market approaches to finding and acquiring income-producing projects.
The Company specializes in value-add investment and development in "A" locations in urban infill areas. It has expertise in multifamily, retail, office, mixed-use, adaptive re-use of industrial buildings and historic renovations. Immediate's current investment portfolio includes properties across Northern and Southern California, Atlanta, and Nevada. The Company is actively investing in California and other select metro areas where we believe relatively high cap rates are not justified due to strong fundamentals. www.immediateproperties.net
Dana Belle was immediately appointed as Interim Chief Executive Officer and as a director and has vowed: "Medican Enterprises Inc. has every intention of becoming current in its filing and reporting obligations. As such, with the assistance of two institutional investors, the Company's resident agent was forwarded the necessary funds with which to reinstate the Company with the Nevada Secretary of State. After this has been completed, Medican Enterprises can then start an application with OTC Markets Group Inc. in order to file disclosure statements as well as post news. The Company is expecting to be reinstated with the Nevada Secretary of State within the next few days."
Medican Enterprises is now a real estate company which will be the Company's focus, not cannabis as it was in the past. However, a significant asset of the Company's is a $10 million convertible note (plus accrued interest) in The Now Corporation. "The goal is to make Medican Enterprises Inc. into a dynamic real estate company. As such, once all the clean up has been completed and the Company is current, it intends to do a name change. For the foreseeable future, the Company does not intend on performing a reverse stock split."
Link to above information: www.newsfilecorp.com
Bullish Due Diligence Informational Links:
www.newsfilecorp.com
www.reddit.com
www.otcmarkets.com
Official Twitter:
twitter.com
www.reddit.com
Worthwhile notes:
Adar Bays LLC, which has the same address as a real estate agency, recently filed purchased ownership for 9.9% of the company with the SEC for 1.3 Billion+ share w/ voting power stake. This is confirmed as their largest holding in a company. Adar Bay is registered to Aryeh Goldstein with Guggenheim Partners, whom has over 246 billion in assets. Below is an SEC filing from MDCN for the Adar Bays LLC 9.9% ownership published on 2/11/21.
sec.report