DOGE near resistance. Potential BreakoutGoing long here is looking like a good risk to take. Sure there is the danger of a bounce at resistance but that is why you should use stop losses. Going into the trade with 1%-2% risk is reasonable.
M-RSI
Bitcoin at the apex. Final shakedown then xmas present. OK. There's great chance honeybadger could hit the 2.7-2.9 support levels in an extended wick and reverse for a short xmas into new year bull rally to get everyone hyped about before more pain.
While I feel the brief visit to bellow 3k is possible we should pay attention at current price level because price is showing some signs of strength and volume in lower time frames
Bitcoin bullish move incoming. It's time for a few days fo correction. Price levels, Trendlines, Momentum and Volume suggest that bias.
Bitcoin/Gold M Ah! "capitulation" LMAO A look into monthly chart confirms that we are way far from a bull run. It is also pretty evident based on volumes and candle rejections that we didn't see yet any meaningful signs of capitulation.
There more downside ahead. Perhaps a strong support at the next technical level wich also coincides with marginal cost of production less hardware costs price zone.
1300k Price range support seem crazy think about but just notice volumes at early stage of previous bull If we get under 3k we could see massive shake off pushing towards a potential capitulation.
Apple Monthly - Up n Down - Trading range likely Price heading towards resistance. Expected to be bounce to outlined support. Overall looks like a trading range is in the cooking.
Bitcoin Monthly Heuristics Let's highlight some heuristics on the chart. It looks like we have more downside to explore.
Cardano (ADABTC) - Looking for green zone for an entry.Cardano (ADABTC) - Looking for green zone for an entry.
If momentum developers into opposing direction, perhaps, an entry sooner. As of now... patience.
ETCBTC D - Seeking a bull div. Not yet! ETCBTC Weekly is starting to look good but Daily is telling we are not yet ready for optimum entry. It is likely to see the trend developing a bit lower to the HL and TL support zone for better levels and potential divergences.
SPX - Bounce or Full Bear ? SPX is looking tremendously bearish. Price heading towards Monthly price and rsi support lines for a possible bounce. If that bounce doesn't happen. I promise to light up a candle in name to all perma stock bulls.
Bitcoin triangle and support channels brokenBitcoin has broken the compressing triangle near the apex and now broke the closest support line based on triangle lows.
Oscillators also show broken structures.
If short placed before breakout good. Stick to it - It is not yet time to exit since nothing suggests otherwise. But adjust the stop loss to decent level in case of surprising reversal (wouldn't be surprised to be honest) and bear trap confirmation.
We shall see if we are going to see more sidway and price consolidation or continuation. If price consolidates for awhile and show some rejection from the downside showing bull presence it is more likely we could see massive pump to 7k levels. Too soon to hypothesise on that.
Atm short bias but not anymore a good time to enter now short until further evidence of weakness.. Time to be very careful because interest is still significantly low and this last move is indeed possibly a bear trap at weekly support levels.
DCR listing on Binance - Support found - Lets take this puppy UPStochastics, clouds, MTF RSI, and the Mode of God are all giving the same signals and signs that this will keep grinding higher. DCR is not just any old project. It holds its weight through bearish times, and now hey, its coming to light during a bullish time! YAY. I expect an edge to edge KUMO grabbing 12% for this first impulsive move off the found support. Targets are in the box.
Namnaste'
NEO ready to fly.NEO seems that is back in the Matrix. Volume increase on rejection.
Clear Bullish divergences showing up. Once Price above the Hull MA (34) seems good chance to go long.
Ethereum Classic getting ready...OK Ethereum Classic is one of those shitcoins looking in great position for possible long position. Would wait for one or two candles closing above the Hull MA (34) .
RSI 5 and 13 showing divergence. Yes i know recent close is not exactly same level or lower but the geometry of RSI is too steep to not consider these.
Volume increase on rejection also show interest in this zone. Definitely feels that something is going to happen soon.
Bitcoin vs Gold (Daily)We all know USD is another shitcoin like XRP and eventually will go to 0. How about to comparing Honey Badger to Gold?
Bitcoin Renko + Hull + RSI Delta Map Signals viewQuick update with signals produce by RSI Delta on Renko chart. Lookin neutral leaning bearish.
EURUSD Short opportunityConfirmed divergence for MACD and RSI - showing a reversal
MA (100) and MA (50) are crossing = signal for sale
target is 1.5400 as a strong support level
Short Position Confirmation Signal on 1H XBTUSD, BitMEXThe Market is testing for third time a major resistance level and gives us a sell signal for my previous idea on the same pair, daily chart. We have Major Structure Level on a HTF and TTF as well, RSI Divergence, Triple Top and we are on Overall bearish trend based on 1D,4h HTF. I think I'll jump in , wish me luck ! :D
ETCUSD Ready for Positive MovementThere are many things happening with ETCUSD which makes now an especially good time to take a look at Ethereum Classic.
In lieu of the pending release on Coinbase's main platform, those who've wanted to make their exit have all left, leaving a void ready to be filled by the bulls.
This correlates nicely with the recent time cycles that Ethereum Classic has been trading in these past couple months- Ethereum Classic closed its most recent short and long cycles by touching the key 12-13 support range.
In tandem, the most recent P&D is showing a strong bullish RSI convergence. RSI is sitting in the slightly bearish zone, however, and this may reverse soon. The Stochastic RSI is approaching zero, setting up a new reversal.
ETC is trading along the lower bound of the Bollinger Bands, and is showing a green candle for the day- marking an end to the week long slump.
The only indicator which doesn't support a new bull run is the ADX/DI. While the DI- made a crossover, the ADX is riding low. I would consider this to be neutral (a small positive correction would not considerably alter this weak trend).
While this is not displayed, ETC has been trading in a downwards channel with a false breakout, however it may breakout soon as it is sitting at this key support range.
I expect this bull run to most likely happen within the next 4 days. Due to the strong pressure of the overall bear market, it is not likely to cross the key local resistance around the 18.5-19 range.
For those who bought earlier following the Coinbase announcement, this may be a good exit for the short term if bear pressure overcomes the positive sentiment following the Coinbase listing.
Good luck to you all!
LAST KISS or FAILURE TO HOLD - BTC LONG TERM WEDGEBitcoin has broken it's longer term wedge and has been moving above it for the last several days. There is a very clear divergence on the OBV RSI on the 4hr, OBV RSI & Twiggs MFI on the 8hr and Twiggs MFI on the 12 hr. Failed higher highs all over the place when comparing indicators to price. Breaking this wedge back to the downside would provide large players an opportunity to accumulate more at lower levels and shake out weak hands that have been buying on this last rally.
Conversely there could be support at the trend line and a push higher after correcting to the 1/1 Gan Fan line. The new of a BTC ETF could create a sustained rally into the 1/1 channel which would move us up to higher resistance levels, at which point we would have to analyze the market at that point based on ETF news and other factors.
Bitcoin (BTCUSD): 3 key info. to keep in mindThe 4 hour timeframe of Bitcoin (BTCUSD) is shown in this analysis and commentary is provided below based on the numbers marked on the chart in an ascending order.
(1) Bitcoin bullish price channel that arose from a Head and shoulders bottom (inverted Head and shoulders) pattern that confirmed after price close above ~$6,869.60.
The implication of the Head and shoulder pattern based on price projection has run its course leaving the current bullish channel in Bitcoin (BTCUSD).
Also adding to the current bullish scenario is the break above the long term bearish trendline with price action establishing higher highs and higher lows.
(2) ~$7,554.80 and $7,296.60 indicate support region for Bitcoin (BTCUSD) with price reaching the top of the channel at ~$8,500.10. The horizontal support region is well within the bottom of the channel, which increases the chance of a possible sell off that should target the support region as mentioned above. Price reaching and consolidating around support implies higher price that should see Bitcoin move above $8,500.
(3) The green line marked on the price chart and on the RSI indicates a bearish divergence which suggests also that the current bullish momentum has run out. It is therefore better to have momentum confirm the resumption of the bullish trend before establishing long (buy) positions.
ETH Bullish DivergenceIt is very clear on any time frame from the 1H to the 4H, that bullish divergence seems to be forming. We are seeing the price slope downwards, while the RSI is making higher lows and sloping upwards. I am long here, expecting a bounce to occur at some point. This bullish divergence has been forming for a while, and I expect the price to follow suit soon.
Additionally, on the 4H, the volume has been decreasing, hopefully leading to some breakout volume that will give us a nice bounce.
Good luck,
Vik
Bitcoin - Bullish DivergenceWhilst a break below support is still a very real risk - there is clear bullish price divergence on the 4 hr chart as well as the daily chart. This would suggest that support will hold - at least for now...
On this 4 hr chart we can see the red line and green lines linking respective low points on the Bitcoin price and RSI. Whilst the price falls over these periods, the RSI is rising. The suggests that price momentum is transitioning from bearish to bullish.
This may provide reason not to dump everything right now, but not enough to be loading up on a large long position. I'll be waiting for a clear break of either support or resistance trendline before making a directional call with any strong conviction.
