Lines on charts for the end of December 2021 through February 2022. Winter is here, with some storms ahead. Bitcoin looks to continue to follow the short-term trend down from the recent all-time high. I believe we broke up and are currently in a retest. Unfortunately, I don't expect it to hold. The next support is from a previous higher low at ~$45,475. No faith...
Lines on charts Bitcoin/USD weekly • We're in a rough area ATM • Volume is low and trending down • RSI looks to retest the previous trend line • we may also be in an upward channel but this is a leg down • on the weekly, you have to back to May 2020 to see more than 2 red weekly candles so... I think we see a pullback to $55,800 and possibly further to...
More lines on charts... Solana 6hr/200EMA Based on breakout, retest, and respect to the lower trendline; looks to be on its way back up. If the 200EMA flow holds, chance we see a new ATH but ultimately back to $200 1st week of November. Just be ready for an October surprise. Good luck!
Lines on charts... LUNA/USDT, 8hr 200EMA So my last chart for Luna worked out pretty well. In fact, I think Do Kwon borrowed my path up for Luna's trajectory. ;) LUNA has been in a solid channel up since the Col 5 upgrade. I'm still bullish but I think we're going to see a pullback soon, then a period of consolidation. Watch the 8hr/12EMA which it seems to be...
Lines on charts (probably too many) Looks like we're in an upward channel while continuing to respect the lower trend curve. (I should have moved it up higher in my previous outlook, not sure why I didn't.) Anyways, here are my scenarios. 1. We maintain the channel and possibly break out/up looking at new ATH. I think this is where the momentum is headed....
More lines on charts... Cardano 12hr, 200EMA Ultimately up but, for October, most likely back to the 200EMA. Careful with these little rallies, they haven't been holding. Good luck!
Just drawing lines on charts. BTCUSD (Coinbase), Weekly Looks like BTC is heading down to a critical support area around $35,500, coinciding with a breakout event in RSI by late October. If that area support holds, look for a reversal that needs to break out the upper trendline around $46.5k. IF we break through, then we need to break resistance around $52k...
Possible scenarios for Luna. With recent pumps, and the following dumps, looking ahead as many lunatics are to the Col-5 upgrade (Google it...tons of info out there). Thinking there are 3 scenarios here: 1. We continue to drop to the lower trendline (also roughly the 4 hr / 200EMA) and bounce on Oct. 30 with the upgrade...hopefully moving past the upper...