This is a pretty clear cut chart. NDX is heading down and its going to be nasty. we have had our retracement from february's big move and have lost all steam. There is another active divergence with Bearish market structure and a death cross. The next few weeks will be brutal. ive set my target at a 14% loss but if we break marches lows and they end up turning...
ETH is currently ranging along its current uptrend line and awaiting its next move. My guess is that a short here is not the play but a strong break of 212 to the downside would definitely change my opinion. If that happens I will be targetting the 165-175 area for reentry. As a general rule of thumb, never trade against the trend and in this case, since we are...
Great long position here for XRP. Price has retraced perfectly from the previous move and found support printing bullish structure on candlesticks, macd and RSI. target for this move is between 29.8 and 30.8 cents.
High probability XRP will find support at this level. long term resistance turned support level has now been hit, short term uptrend support line and sweet spot of 70.2 fib for entry. downtrend could continue but my bet is the next day or 2 will see a bounce up at the very least
Dont miss the weekly Divergence on the NDX. Good short opportunity. Happy trading
just a quick note as im walking out the door and havent posted in a while. Chart looks pretty good. as long as XRP holds 28 cents I believe its got its eye on 39 cents. a failure to find support at 28 cents and we are looking at 23. That being said I believe the last few weeks of bullish behavior have finally pushed us out of bear market and back into...
Just wanted to throw out a possible Harmonic pattern that finally completed with this last move. Although its a bit premature, if price holds here and puts in some structure then we can expect a possiblke price target of 36 cents for XRPs next move. This is just my opinion, always do your own research. Happy trading
Taking a look at the weekly chart here, XRP is currently printing a doji at a key support level. It is also forming a double bottom inside a larger double bottom at said support that has held since august. a strong close on the weekly could send us back up and I have posted a couple targets to look for given that bullish scenario. While a failure at .28 cents...
Hey all! Just wanted to take a minute to compare the last major Bear Market to our current bear market and give people an idea of when we might see a new ATH and what to expect over the next few years. History doesnt repeat itself but it sure does Rhyme! Enjoy
Here are a few likely targets if bitcoin continues bull off this gartley pattern. Indicators also forming bullish divergence as well
While the possibility of Bitcoin dropping further is there, if it does I think it will be sudden and have a quick recovery. as a rule of thumb though... "when in doubt, zoom out" To me the weekly BTC chart looks to be growing very bullish and this chart marks my prediction of its route. This is not trading advice but purely what i think will happen.
Right now with BTC we are trading in a range between 8070 and 8280. On a bit larger scale, we are still in an uptrend and are closely following the 50 moving average which I would currently mark as our biggest support zone. Theres plenty of arguments for both bulls and bears right now so I would say a good break and a close outside of the range will signal our...
After bitcoins short breakout from the inverse head and shoulders we have come to a strong resistance point. I just wanted to point out on the 30 minute chart that another "less perfect" inverse head and shoulders has formed. its a little rough but its there. a break of 7500 here will push us to 7700 at least. a failure here could result in another test of 7350....
From its pump at the end of last year, ADA has fully retraced to the 78.6 fib level and has formed a nice W. These next 2 candles will be critical to figure out its next move but all signs are pointing up. we have a good trade location and market structure but we want one of the next few candles to close above the top of that W to give us confirmation which looks...
After falling off a cliff, SALT has finally found some support and is forming nice bullish market structure. SALT has been in an active divergence of price since the end of june and is finally starting to make its move. a candle close above the W will signal the breakout with a first target of 28k and a second target of around 40k satoshi as long as we see some...
Here are more thoughts on BTC's current situation. 1) most other charts I have seen have been drawing their fib retracements dating back up to 5 years. which puts us currently right around the 70.2 level, however this charts fib retracements started in september of last year. 9/15 to be exact, as this is the date of a very notable sell off and subsequent...
While everybody is predicting our drop to 4k and even lower I have to disagree. Almost every previous bitcoin dump has been reversed around the 70.2 fib retracement level. Rather not a fib level but the midway point between the 61.8 and 78.6 levels. As you can see on my chart we have hit that level now for the second time. The Macd is showing less sell pressure...