S&P 500 4hr view said "Psych!" showing a strong rejection at 5260 again today. Everybody plays the fool sometimes. I don't want to be one this week, so I'll be watching to see if we struggle getting back above 5250-5255 soon. If we can't, looking for a break and hold below 5229 to target 5200 (where we had a major bounce last week). Short term bearish if we fail...
As BTC was recently rejected from the 200 day SMA (~$28,000) as well as the 0.5 Fib level (of rally June 16-23), the potential for Head & Shoulders pattern is coming into play. SPY is also testing lower trendline of it's rising wedge ("recession news" likely coming) and could capitulate, leading to further pressure on BTC. Just some Wine Wednesday speculation,...
MTF Analysis Check annotations in the anchored notes for M-W-D-H4 analysis.
Just stating where I think important places are for BTC. You gotta stay for 2-3 more years.
Hello Padawans, first of all, do not take this as a piece of financial advice. Link is forming a rising channel in 4h, ricing wedge in 1D. I see the link as a strong coin, which has survived the bear market. There is a huge supply zone around 38, let’s see what’s gonna happen. cheers. May the force be with you!
BTC and ETH trading bearish at the lower edge of a falling mid-term channel (which I have called in my ideas since Sep-03), after decisive bearish moves on reasonable volume . We are continuing Since Sep-22 for at least yet another swing up/down. Trading setup*: - in a falling mid term channel since Sep-07 from 52.9k - two decisive moves to the downside...
BTC and ETH trade at the lower edge of a falling mid-term channel (which I have called in my ideas since Sep-03), after decisive bearish moves on reasonable volume. I think we will continue for at least yet another swing up/down. I will trade this (on ETH for higher volatility) between the two fib lines of the last large uptrend, where I will look for exit /...
The recent BTCUSD movements have proven my perspective from Sep-03 right. We're heading down and a new trend channel to lower regions is about to open. Price retraced from the top of the last mid term rising trend, down to the 0.382 fib level. It retested the 0.236 fib level in a fresh swing to the upside. Now it looks as if it would get rejected there. This...
Guys, have you seen this live? :-) In my last chart idea I already looked sceptically at the volumes of the last "range breakout" - they were only a third of the least of range breakouts in the last year. That didn't look like the way to the new top to me. Today, Tue 2021-09-07, a heavy pullback hit BTCUSD and virtually all major cryptocurrencies. It started...
I stay with my view on the mid term development of BTCUSD price move. Missing upwards pressure and a breakout that failed due to low volume one week before were followed by a massive downside correction. This move set BTC back into an new falling channel which will lead prices down to the base path of the long term fib channel which has been valid since at least...
Got a beautiful descending triangle getting drawn on the 1hr chart. These typically break out bearish. This is very bullish in the mid-long term. 1. Nicely resets the MACD & RSI on the 4hr. 2. Lines up perfectly with previous support/resistance when drawing the price target. 3. Should bounce perfectly on the bottom of the channel, great long opportunity if we...
For me, a likely scenario could be BTC dropping until Q2-2022, then long-term building up for next ATH. Why? Using long term fib channels we see that sell territory has always begun above the 0.5 line. When this had been reached, a correction to the channel below 0.236 followed suit - time for buyers. After BTCUSD has been in the channel above 0.618 it didn't...
BINANCE:BTCUSDT SHORT TERM We can see rising wedge on btc usdt ... Thats should be short-termed trend reversal . I think price can go down to 20.000 in short term ... Iam selling 30% CRYPTO now and if BTC falls more than 10.000USD i will sell another 30%... LONG TERM If my SHORT TERM thinking will be right ... it will be possible to form very BIG...
Hello traders and investors!!😄👋 Let's see if Cardano falls after reaching a new ATH very recently. If we see the fall, I have points set up that I am expecting ADA to reach in the range of. This is a short technical-analysis👇👇. Fundamentally, Cardano (ADA) is a very strong blockchain network. In the event that we go up for another ATH, I have bull target...
Hello traders and investors 🙂👋! Today I was checking out some CHAINLINK, and I noticed I am seeing a similar pattern to BTC. I suspect we are headed down in the near future and will eventually intersect with the Purple trendline drawn, and then shoot up ⏫ to create a new ATH (all time high, at ~$45.56.)💜🤔✔↗ At that time it will be very important to watch...
Short term bearish, but if that is a broadening wedge superstructure, then we may go down a bit at first, but the rip higher should clear recent activity. Also depends on what happens in Equity markets on Monday, I have a feeling though, with stimulus passing, being short will be short term lucrative, but I would be using tight stops and don't forget to buy back...
Not that stable, has seen much action since 2019, and now, we have a curve, a deep one at that. Inflation is being miscalculated (if you go by CPI then I have a bridge to sell you). We can see a bit more down, but if this manifests as a curve and gradually moves back up, the handle will be formed and then probably a good idea to be hodling some of the yellow stable coin.