Srflip
ETH ATH is currently retesting as supportEthereum has been an ass lately, stubbornly failing to have the anticipated pump after breaking it's ATH.
However, this chart is quite interesting. Previous ATH resistance is now being retested as support. I don't like the overall size of that big red weekly candle. That's usually bearish, but if the previous ATH continues to hold as support, we could be off to the races for ETH.
Only time will tell.
#TOTAL2: Retest of Previous All Time High Confirmed!At last, the altcoin market cap retested the previous ATH!
Many Expected prices to keep going up w/ no pull back based on BTC's Price Action. Sadly this didn't happen!
Although sentiment has been shaky, I remain Bullish!
OK, important to remember that pullbacks are part of it.. you have to stomach 30% pull backs to reap the 3000% profits..
When price breaks ATH Level, and come back down to retest the previous ATH level, it's the equivalent to a support resistance flip!
This is where the strongest group of buyers are, & w/out a 'blackswan event', this market should steam ahead!
People new to this market aren't used to this volatility but let me remind you, in march 2020, BTC & Altcoins all crashed 50%+ in a day! This recent crash was nothing and also should have been expected!
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BTC's 1.618 fib = 50k a logical S/R emotional zoneI'd expect BTC to have to fight pretty hard to get above that mental 50k level. However, the pitchfork and fib levels are providing a pretty nice little pathway to breaking through that. We're in a bull market, dips are for buying. The trend is your friend. If I wasn't already long on btc? I'd probably look for a retest of 50k as a good place to enter. I'd also expect BTC to fall through 50k on a retest as whales will want to hunt stops for fuel before we continue onwards towards glory.
TL:DR Let's see what happens at 50k. If you're looking for a long? Probably buy after a 4 hour close back above 50k when we retest it.
finders $kp3r 's 😬oof, pump it sirno idea wtf this coin does, something with defi I think. who gives a fuck, number go up wew
Crypto Keeps RunningIts crazy, the run the crypto markets have been on. Its just nuts. But its still going and going strong.
Let's take a look at a few coins.
Bitcoin
Blasting past $41k, its been mind blowing, the support behind BTC recently. Looking at our D+ indicator, we can see how overbought levels have made small dips in price over the past few months. (I like the 3h chart). But even on this 1h chart we can see the D+ cloud growing and shrinking, staying at relatively the same level. This is a good sign for growth, and that steady support is still here.
Ethereum
Just as crazy as Bitcoin, ETH has been on an amazing run as well. I wish I bought more! (But hey, who doesn't?) On the ETH chart is the Raygun script, showing support and resistance levels. What's cool about Raygun is you can see price helix around these levels, and use the colored dots to visualize which way its going next. You see all those big green dots in a row along the red dotted line? (The red dotted line is a S/R level.) Seeing all those green dots is clear support at $1170. Its been tested multiple times and continues to hold. Looking good for ETH.
Nano
This coin popped on my radar recently as a coworker of mine mentioned he is still holding a bag from 2017. I'm not sure how much he lost back then, but I bet he's made it all back and then some in this run! Here, with the Auto Fibs script, NANO is showing perfect fibonacci retracement price action. It rose up to a high, retraced back 50%, then turned to continue upwards. Now, its playing with the 23.6% which seems to be holding as support. We'll have to keep an eye on NANO and this fibonacci script levels to see how its going to behave.
All in all, this has been a crazy run. I'm still long, and of course wish I had put more in to my crypto bags. When will this run end? Who knows. its a different game being played now in the crypto space it seems.
Do you sell your bags now and run, locking in your profits?
Or do you hodl and wait to see what happens next?
If the latter, just be sure you have a good script or indicator you trust to alert you to get out when things turn. I'm still in...and watching these scripts closely.
#XRP Dominance S/R Flip Support Resistance Flip On XRP...
The asset has had enough time to cool off for next rally!
Maybe A Crypto Christmas Gift is Coming!
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FSLY hit support! Let's go up from here...FSLY's massive after-hours drop today was caught perfectly by our Raygun support/resistance script.
I think we'll bounce back up from here.
If not, these levels will be important as we helix around them fro seeing where we're going to go next.
I'm keeping my eye on this for a S/R flip...
NDX | Trend Analysis | S/R Flip | Bearish Retest Todays analysis – NDX – Consolidating at a key below the multi-month trend line
Points to consider:
- S/R flip of dynamic support
- Overextended trend
- Fibonacci retracement targets
- 200 EMA mean reversion
NDX finally breaking below its strong multi-month trend, failing to break above the dynamic resistance, price is likely to have a steeper correction.
Downside targets derived from Fibonacci retracement are the .382 and .5 levels, also coinciding with market structure support.
As we get confirmation of further downside in the coming few days, price is likely to find support at the 200 EMA before further bullish continuation.
Overall, in my opinion, price action in the coming few days will indicate the direction of the next impulse and allow us to establish a bearish or bullish bias.
#LINK - HTF still bullish! updated chart for -
we broke out of ascending triangle, on the log chart as well we broke from the triangle on weekly, I checked a few charts on other ALts they look bearish not the sure cause of BTC dump or PUMp incoming, whatever it is if Link comes down to buy range will enter a good long position & HOLD IT!!
#notfinancialadvisor
#DoYourOwnResearch
BNBBTC S/R Flip| .618 Fibonacci| 21 MA| Swing HighEvening Traders,
Today’s Analysis – BNBBTC – respecting weekly support and breaking above a key daily level, swing high is the immediate target.
Points to consider,
- Local trend impulse sell (oversold conditions)
- Macro weekly support
- Technical confluence (.618 Fibonacci & 21 MA)
- Oscillators overextended
- Volume below average
BNBBTC impulse sell lead to an oversold bounce from key macro weekly support, this relief rally gives us a short term bullish directional bias.
The daily has multiple technical confluences, the .618 Fibonacci and the 21 MA. Price is likely to put in a retest for a confirmation of an S/R Flip. Price acceptance will increase the probability of testing swing high.
The oscillators are both overextended; a retest of the daily level will bring them back to neutral territory. This is healthy for the overall short term trend.
Current volume profile is below average, an influx is probable when testing daily support. Follow through in volume is important for trend continuation.
Overall, in my opinion, an S/R Flip retest will allow for a valid long entry into swing high. Price action is to be used upon discretion / management of the trade. Price breaching daily support will negate the trade idea.
What are your thoughts?
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“A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee