At lastThe bottom could finally be confirmed if today's low holds.
If November/December highs clear, new ATH's are in sight.
Srflipretest
TOTAL2 Price Discovery ContinuationCrypto Market Cap Excluding BTC is looking
very bullish.
Ichimoku is bullish as can be:
-Kumo cloud is green
-Tenkan is above the Kijun
-TK is above the cloud
-Lagging span is well above price and cloud
-No C Clamps forming calling for correction
-Tenkan as the first line of support of the
Ichimoku system was tested last week and
the price bounced off there beautifully
Moving Averages are looking bullish:
-MA7 (not pictured) acted as support well last week
-MA7 is well above MA30
-MA30 is above EMA100 both are curling up nicely
Volume these last few months have been huge.
If price closes here above $575B or even just green
in general it will confirm the positive retest
flipping the previous Jan 2018 All Time High
resistance to support and we should expect upward
price expansion to continue, first targets being
the Fibonacci retracement lines of
1.618 @$749.398B
2.618 @$1.19T
3.618 @$1.63T
4.238 @$1.902
I fully expect this market cap to grow
exponentially more than where we are now past
these fib lines for these coming years.
Especially considering how much attention
finally cryptos are getting by institutional
investors and the mainstream populous in
general realizing the validity in blockchain and
decentralization as the big technological
advancement of this generation.
This is just the beginning of worldwide eye opening,
media attention and exponential growth in this
market.
Allocate your assets accordingly.
RSRUSDT Local S/R| S/R Flip Retest| POC S/R| Price Action|Evening Traders,
(Post is not on my usual computer, apologies for any discrepancies)
Today's analysis - RSRUSDT - Trading above Local S/R, holding these regions is deemed bullish for trend continuation.
Points to consider,
- Price Action Bullish
- Local S/R Support (.382 Fibonacci Confluence)
- Swing High Objective
- POC Resistance
RSRUSDT's immediate price action is impulsive above Local S/R, this allows us to have a bullish bias on the market.
Current Local S/R has technical confluence with the .382 Fibonacci, price action deviating towards it is likely to respect it.
The swing high is local objective, clearing this level with increasing volume will increase the probability of trend continuation.
Current POC is acting as resistance, this area being cleared in the immediate short term will be indicative of strength in price action
Overall, in my opinion, RSRUSDT is a valid long withj defined risk, price action is to be used upon discretion/ management.
hope this analysis helps!
thank you for following my work
And remember!
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
BCHSUDT Daily S/R| Swing High| Price Action| S/R Flip RetestEvening Traders,
Today’s second analysis – BCHUSDT- breaking key Daily S/R, holding it as support will solidify the level.
Points to consider,
- Price Action Impulsive
- Daily S/R Support (S/R Flip Retest)
- Swing High Target
- Oscillators neutral
- Increasing Volume
BCHUSDT’s immediate price action is impulsive above Daily S/R, a confirmed S/R Flip Retest will allow us to maintain a bullish bias.
The current target is swing high; exceeding this level will increase the probability of a trend continuation.
Both oscillators are currently neutral, trading in their respected bullish control zones. This is an indication of strength in the immediate short term.
The volume profile is evidently increasing, must sustain for continued follow through.
Overall, in my opinion, BCHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
‘’No on‘’No one strategy is correct all the time’’.- John Paulson
RLCBTC Daily S/R| .618 Fibonacci|Technical Confluence|Swing highEvening Traders,
Today’s Analysis – RLCBTC- in strong uptrend breaking daily S/R. A retest of the level will allow for a long.
Points to consider,
- Immediate trend bullish
- Daily support confluence (.618 Fibonacci & 200MA)
- Swing high (immediate target)
- RSI above 50
- Stochastics flat
- Volume declining
RLCBTC’s trend has been establishing consecutive HH’s and HL’s giving us a bullish bias on the market.
The daily support is a key trade location with multiple technical confluences. The .618 Fibonacci and the 200 MA is likely to be respected upon a back test.
RLCBTC’s swing high is the immediate target; price action breaking this level will increase the probability of trend continuation.
The RSI is currently above 50, likely to dip with the correction, maintaining above 50- midpoint will keep the bullish bias intact.
Stochastics is currently in the lower regions, there is stored momentum to the upside that will coincide with price movement.
Volume is currently declining; this is an indication of an influx being probable at daily S/R as it is the next trade location.
Overall, in my opinion, RLCBTC is a valid long at daily S/R, risk being defined below previous low. Price action is to be used upon discretion/ management of the trade.
What are your thoughts?
Thank you for following my work!
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
LTCBTC Level Trade|Trend HH|S/R Flip Retest|Volume Influx|200 MAEvening Traders,
Today’s Analysis – LTCBTC breaking out of its 80 day consolidation, setting up a clear level trade.
Points to consider,
- Trend higher high
- S/R Flip Retest (Local Support)
- Immediate target (Weekly Resistance)
- Oscillators above 50
- Noticeable volume influx
LTCBTC has established a technical higher high, early signs of a trend change – this gives us an immediate bullish directional bias.
An S/R Flip retest will validate a long trade with the .618 Fibonacci as an overextension, this will solidify local support.
The Immediate target is weekly resistance, LTCBTC also has the daily 200 MA to clear, profit taking zone.
Both oscillators are above 50, not over-extended, this signals a probable further push in the market.
LTCBTC has had a strong volume influx, engulfing all previous nodes, follow through is needed for continuation.
Overall, in my opinion, LTCBTC has a valid long play. A retest of local support will allow for a defined R:R trade. Price action is to be used upon discretion.
What are your thoughts?
Thank you for following my work!
And remember,
To be a successful trader you need to trade without fear. When you use fear as a resource to limit yourself, you will create the very conditions you are trying to avoid. Or to say this in another way, you will experience your fears - Van K. Tharp
