BTC Bitcoin: Headed back downHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
BTC Price looks like it is headed back down based on the RSI. Focus on the Fibonacci Retracement levels.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Cryptopickk
BTC Bitcoin: A Drop Is ComingHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
BTC Price looks like it is headed back down based on the RSI and MFI. Focus on the Fibonacci Retracement levels.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
XRP Ripple: Lots of ResistanceHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ripple (XRPUSD).
Ripple price seems to be approaching multiple resistance lines. Keep an eye on the 0.618 Fibonacci Retracement level if price comes back down.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
APE Apecoin: Inside The TriangleHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Apecoin (APEUSD).
Apecoin is inside the triangle. Keep an eye on the RSI. It is in a descending wedge pattern with a possible breakout soon. For now, consider trading inside the triangle.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ETH Ethereum: Doesn't Look GoodHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum price looks like it is headed back down from the Support and Resistance Line. There is a rising broaden wedge forming as well.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTCN Grayscale Litecoin Trust: Another Pump Coming?Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Grayscale Litecoin Trust (LTCN).
It seems that based on historical trends, when the RSI is near the overbought region, the price pumps. Could that happen again?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC Litecoin: Prior Cycles ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Litecoin (LTCUSD).
The chart is self-explanatory. I am reviewing the current and two prior cycle moves and reviewing the Fibonacci Retracement tool at the 0.618 and 0.5 areas (dead cat bounce zones). Assuming history repeats itself, the price has a potential to get back over $200 before moving back down. This is on the weekly chart so have patience, and anything is possible as history does not need to repeat itself.
I have various LTC charts in the related ideas below. Check them out as well!
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin: Inside The TriangleHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
BTC Price looks like it is headed back down. The chart shows how many touches on the top and bottom of the triangle in both price and RSI. Keep an eye on the 0.382 Fibonacci Retracement level as well as the 0.618 level if price starts moving up. Also if price starts heading upwards, keep an eye on the Ichimoku Cloud resistance above.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BTC Bitcoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD).
BTC price is inside a triangle pattern and is back into a support zone. The BTC price may make an attempt to get back to the top of the triangle but will get resistance at the S/R line as well as the Ichimoku Clouds. RSI and MFI has room for growth and MACD turned bearish. The chart has multiple Support and Resistance lines and zones. Please review.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRO Crypto.com: 4H Chart ReviewHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Crypto.com (CROUSD).
Crypto.com price has been in a downward trend. There are multiple Support and Resistance Lines shown. The price may make an attempt to get to the 0.236 Fibonacci Retracement area with the Ichimoku Cloud possibly creating resistance. RSI, MACD and MFI look bearish. Price is below the 20, 50 and 200 SMA.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ADA Cardano: 4H Chart ReviewHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Cardano ( ADAUSD ).
Cardano price has been on a downward trend. There are multiple Support and Resistance Lines shown. The price may make an attempt to get to the 0.236 and 0.382 Fibonacci Retracement areas with the Ichimoku Cloud possibly creating resistance. RSI, MACD and MFI look bearish. Price is below the 20, 50 and 200 SMA.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
MATIC Polygon: 4H Chart ReviewHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Polygon ( MATICUSD ).
Polygon price has been on a downward trend with the price recently narrowing into the apex of a triangle. There are multiple Support and Resistance Lines shown. The price may make an attempt to get to the 0.236 and 0.382 Fibonacci Retracement areas with the Ichimoku Cloud possibly creating resistance. RSI, MACD and MFI look bearish. Price is below the 20, 50 and 200 SMA.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC Litecoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Litecoin ( LTCUSD ).
Litecoin price is made a recent attempt to move upwards in a rising wedge however the price fell and has been trying to recover. It has very strong resistance ahead as noted by the various trend lines in the chart. There is also the Ichimoku Cloud around the 0.50 Fibonacci Retracement level. RSI, MACD and MFI are not looking bullish. Volume needs to come in to make the price move higher.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ETH Ethereum: 4H Chart UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Ethereum (ETHUSD).
Ethereum price is in a downward trend with the price currently sitting at the 0.236 Fibonacci Retracement level. It may make an attempt to get back to the top of the local resistance line where the Ichimoku Cloud and 0.382 Fibonacci Retracement level is. If price falls, expect it to get to the support line. Keep in mind, RSI is below the S/R line and may make an attempt to get back above it. MACD went bearish. MFI is almost at the apex of a triangle. Volume is consistent.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
XRP Ripple: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ripple (XRP).
The chart is self-explanatory. Keep a close eye on the 0.786 Fibonacci Retracement level which is near the edge of the red Ichimoku Cloud. This may come in sync with the RSI getting to the Support and Resistance Line.
Shown in the chart: Trend line, Support and Resistance Trend Line, Relative Strength Index, MACD, Bollinger Bands, Money Flow Index, Fibonacci Retracement, EMA Ribbons, Simple Moving Average, Ichimoku Cloud, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC/BTC Pair: Monthly ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for the LTC/BTC pair.
The chart is self-explanatory. LTC/BTC pair is at the apex of the descending wedge and there may be a major move coming within a month. Check out my LTCUSD chart review below. RSI and MACD also ready to make a move!
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC Litecoin: 1D ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin ( LTCUSD ).
The chart is self-explanatory. Litecoin has multiple bullish factors that may give it a nice push upwards. The RSI and MFI were supported by a trend line, the MACD had a bullish cross, the Market Cipher indicator shows a green dot. The price is entering into the EMA ribbons and below the 50 and 200 SMA, and Ichimoku Cloud. Keep an eye on Volume as it hasn't moved yet. The price broke above the median line of the Bollinger Bands. All the way on top is the Support and Resistance Line which is also around the 200 SMA where the price may make an attempt to retest if it can keep moving higher.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BTC Bitcoin Weekly Chart ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD).
The chart is self-explanatory. A recent Gravestone Doji Candlestick was printed indicating a bearish possible trend. There is also the concern with the bearish divergence comparing Price to RSI and MACD. Lastly, I showed the Fibonacci Retracement with the 1.618 level coming around $10K-$11K, which is also a heavy traded area on the VPVR.
This is the weekly chart so have some patience and until the chart shows something otherwise, the BTC price is looking bearish.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BTC Bitcoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD).
Bitcoin price broke above an Inverse Head and Shoulders Pattern which was forming over the past few days. The measured move is shown on the chart. There is a Local Support and Resistance Trend Line which has been holding the price down for a while which Bitcoin needs to get above and it is currently trying to get above it. The line is also at the 0.618 Fibonacci Retracement area where there is also a strong support and resistance zone. There is Ichimoku Cloud support and resistance ahead. The price has made its way above the 4H EMA ribbons. RSI is currently facing a major resistance area. The MACD crossed bullish recently. Volume has been consistent over the past few days. Until Bitcoin price does not break above the local S/R line, it is still looking concerning.
Lastly, since early November 2021, I have been warning people of BTC and crypto market in general price drop. Crypto Twitter and YouTube influencers have money to make so they will keep pushing for higher price indications but be careful who you listen to. November 30, 2021 closing price was $56,987.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
AMP Token: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for AMP token (AMPUSD).
AMP token is inside an ascending triangle pattern and facing various resistance areas - EMA ribbons, 50 and 200 SMA, Multi-month resistance trend line, and the major Support and Resistance Zone. Beyond that area, the resistance is at the Ichimoku Cloud above. RSI may come back down to the Support Line very soon (bounce possible), MACD is bullish, MFI is at the support line, Stoch RSI is about to reach the overbought region. If AMP can break out of the S/R Zone and Resistance Trend Line, I believe there is a good chance for price to move higher.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
DXY US Dollar: Historical ComparisonToday I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period.
I am showing a comparison of the DXY price from 1995-2002 with the Price, RSI and MACD resembling the current price, current RSI and current MACD. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price to see where the top may be before a reversal. Shockingly that price range is very close to my DXY price on the January 27, 2022 Idea I showed. Check that chart out as well!
When zooming out, the US Dollar price looks very bullish in the long-term. This is a monthly chart so please be patient with price action.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Palladium: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Palladium.
The chart is self-explanatory. Palladium Price has been moving up a Rising Channel recently but the overall trend looks like a Bearish Divergence. Since the RSI was recently supported by a support line, the price has the chance to keep moving higher, however if the price breaks down from the Rising channel, it may come down to the 0.618 Fibonacci Retracement level where the measured move is as well as that area being a strong Support and Resistance zone. If price moves up from the rising channel, expect it to be met with resistance at the multi-year resistance line.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Platinum: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Platinum.
The chart is self-explanatory. Platinum price made multiple attempts to get back above the 0.618 Fibonacci Retracement level but was rejected and now headed back down. Platinum price may be supported by the Multi-month support line. If it fails there then expect price to head to the 0.382 Fibonacci Retracement area. RSI just broke below a multi-month S/R line, which is not a good sign.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk