Goldencross
How soon we forget BITCOIN Death Cross and Golden CrossBitcoin is on a wild ride. Sometimes we forget where we have been. If you remember it was only a few months back when BTC had a death cross. Which was a fake out because soon after a Golden Cross triggered. And before both of those events BTC did a 500% gain in 2021. At the end of the day it seems the HODL strategy is the best strategy. Take a look at this chart and come to your own conclusion.
Be safe out there
~S
Double top in Bitcoin, Will it drop below it's support ?* Bitcoin appears with Double top in daily time frame with it's neckline as Support near $58300.
* If Bitcoin breaks it's support of $58300 we can expect a drop till $53500 ( Important support ).
* The RSI indicator is respecting the trendline by keeping the RSI above it.
Bearish divergence in Bitcoin* Bitcoin in Daily time frame is forming a Rising wedge pattern.
* If the price breaks the Rising wedge pattern we can expect a drop till it's important support around $58,000 or till the below major trendline.
* RSI bearish divergence also appeared on Bitcoin, Divergence appears when there is no longer the same momentum between price and the RSI indicator.
VERI VERY BULLISHOn 11/9 VERI beat EPS est on the top and bottom line. Priced gapped up to open from 30.61 to 36.03. Most of the gap up was sold off but the 11/10 candle managed to close higher than the candle prior to it. The 11/11 candle is an "inside bar" which is bullish in an up trend. It was followed by a bullish candle that closed above the .5 fibonacci level.
In addition the ADX is at 61 signaling a moderately strong trend. Finally we see a "golden cross" with the 50 sma crossing the 200 sma which is extremely bullish.
With inflation, hyper growth stocks are in demand so I feel VERI is in a good spot to rally to prior highs into year end.
Targeting: 43.05, 50 by end of year.
I am long VERI
www.tickerstickers.net
Alt Market Golden Cross, Beating Consolidation TrendThe alt market is looking really bullish. The market cap reads above the consolidation trend shown above on the 15m chart, and we see a golden cross closely approaching fruition between the 180ma and the 9ma. The visible range will give us levels of guidance as we see inflow/outflow accordingly. Good luck traders!
Disclaimer: These are my opinions posted for educational and entertainment purposes only. This is not financial, nor investment advice. I hope you all make tons of money, however I am not responsible for financial loss. This is one of the most volatile markets out there. DYOR
Falling channel in Matic* Matic in 4H time frame forms a Descending channel pattern.
* Descending or Falling channel pattern appears when the price moves between two downward sloping parallel trendlines forming lower lows and lower highs.
* If the price breaks the above trendline ( resistance ) we can expect a bullish move till $2.15
DENT golden cross.I think I've been looking at DENT from the wrong perspective. In the longer time-frames I can see how DENT did a golden cross in the daily chart. Last time it did that DENT went up almost 100x since the signal.
Don't get too caught up in the lower time-frames, the price is way too unpredictable there, I think.
But what do you guys think? Opinions?
ARKK 1D - Golden Cross Coming UpARK Innovation ETF (ARKK) led by Cathie Wood is shown a possible near break of the triangle with a possible golden cross on the MA coming up very soon. I plotted fib levels to see how I we can possibly go. There has been consolidation since March 2021. It seems that a breakout is coming very soon.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
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 #altcoins
LINK Chainlink Golden Cross 250%+ MoveI am showing this analysis on the LOG scale chart.
Chainlink (LINK) recently had a golden cross (50 crosses over the 200 ma) on the 1D Chart. Per the charts, the last time this happened was when LINK was around $2.84 and it went into a Death cross at around $20.52 (about 615% increase).
If LINK can get back to the top of the channel, that would be around $116 with about a 250% move.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
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 #altcoins
FallingWedge from last idea’s breakout confirmed; 1st trgt=53690I placed the dotted yellow measured move line slightly lower in the previous idea than where we actually broke out as shown here on the current chart and have readjusted the dotted yellow measured move line to the actual point of the breakout giving us a slightly higher measured move target of 53690. We can see here we have closed a large green daily candle above the key resistance of the hyphenated grey horizontal trendline at 51333. The current daily candle is also currently retesting it as support. If we can close 3 consecutive daily candles above this grey hyphenated horizontal trendline I’m confident we can reach 100% of the wedge target. On our way up out of the wedge we also formed a smaller bull flag as well which we have also seemingly just broken up from and that has a measured move target of 56000 so I we continue to rise after reaching the wedge target 56k would be our next target. I must remind you all to that the falling wedge was also doubling as a bull pennant on the weekly chart so it’s also quite possible we could head to the pennant’s target as well eventually which would be around 58k or so (the dotted purple line is the measured move target line for the pennant). Let’s also not forget that we still have a much larger bullflag on the monthly chart that price action is now working on its 3rd consecutive monthly candle above that bullflag meaning it’s likely to confirm the breakout there as well and the measured move for that flag is around 97k. Of course the monthly flag will likely take much longer than the others to reach its target if it does hit 100% of its measured move. For now the strategy is to focus on this hyphenated grey horizontal to maintain support. Now that price action is back above the orange 50ma and blue 200ma, we should sustain this golden cross which if so, will ensure we reach the majority of these targets, if not all of them.
$ALGO Symmetrical TriangleRSI is showing strength maintaining above the 46 level. The 50-day MA passed up through the 200-day MA signifying a Golden Cross.
MACD doesn't look the greatest but does appear to be moving in the right direction.
Scenario A: break-out of the triangle, zoom towards previous ATH, contend with it momentarily and then make new ATH
Scenario B: breakdown out of the triangle, fall towards 200-day MA or previous support.
Which scenario do you think is more likely?
Imagine when ALGO gets the market cap of ADA or SOL... Algorand would be at about $11 if that were the case based on current market caps at the time of this post.
Weekly Chart:
XRP about to pump * XRP in Weekly time frame forms a Symmetrical triangle pattern.
* Symmetrical triangle occurs when the price consolidates between two parallel trendlines slightly sloping towards each other. The price is squeezed until it breaks the pattern.
* After breaking the upper trendline XRP will move towards $1.57.
AXS is squeezed in Rectangle Pattern* AXS in 4H time frame is moving in Rectangle pattern
* The price is facing Resistance around $152 and it has support near $114
* Rectangle pattern occurs when the price bonds between two parallel trendlines opposite to each other. Rectangle is a trend continuation pattern.
* To continue the bull run AXS needs to break the above resistance of $152.
BUY/USDT GOLDEN CROSS It is time for Burency to moon now . Full send. It’s forming a golden cross where the 50 MAcrosses the 200 ma. This is bullish.
HBAR heading towards it's ATH* HBAR is in proper uptrend with respecting the below trendline as it's support.
* HBAR has a important support around $0.3 and facing resistance around $0.41, if the price breaks the trendline support we can see a drop till $0.3.
* To continue the trend HBAR needs to break above the resistance of $0.41.
Bullish continuation pattern in Tezos* Tezos in Daily time frame forms a Cup and Handle pattern.
* Cup and Handle is a bullish continuation pattern occurs during the uptrend. To continue the trend price needs to break the handle ( Falling channel like pattern).
* After a proper retest to the breakout level, we can see the continuation of uptrend in Tezos.