Massive head and shoulders formation on the 3W chart of TOTAL2 #CRYPTOCAP (orange line): The candle stick chart represents the Altcoin dominance which is currently breaking through the upward-sloping trendline (red support line). #Altcoin EXIT opportunity at pullback to the neckline (violet neckline of SHS pattern). If the TOTAL2 CRYPTOCAP can get above the...
On the Bitcoin / Gold chart a warning signal flashed on April 16th! We are nearing a 50/200 MA DEATH CROSS which will occur on May 4th on the 3-day chart! 50/200 MA death cross are quite rare, especially on the 3-day chart. The Bitcoin price drops on average approximately 50% (measured from the day the warning signal of the death cross indicator flashes - to...
Short-term analysis of #Bitcoin on the H6 timeframe: For several months #BTC was trading inside a bear flag which has finally broken to the downside. However, Bitcoin remains strong and the bearish breakout was not as harsh as expected. BTC is currently trading inside a bullish wedge which has in general a probability for a breakout to the upside of...
About 1 week ago #Bitcoin got rejected at the daily 200 SMA and has now fallen below the 350 SMA which means that Bitcoin was too weak to break out. #BTC price will drop into the support zone which is between $40888 - $37497 and will go range bound in this zone for several weeks I think. BTC should not retrace much below the 0.618 Fib retracement (~$38780),...
Swing trade opportunity with #EGLD / #BTC! Price is bouncing of the support trend line (thick red line). Stochastics crossover on 3D TF and a bullish crossover on the Wave Trend oscillator is nearing. Pair: EGLD/BTC R:R = 4.5 Entry: 0.005255 - 0.005350 TP1: 0.005838 TP2: 0.006427 TP3: 0.006999 (3-4% TTP) SL: 0.004869 (timeout 19000s, move to brake...
Bitcoin shows bullish signals on StochRSI, MACD, and on the Wave Trend oscillator on the 3D, 4D and soon also on the 1W TF. StochRSI has a bullish crossover on the 3D TF and also the Wave Trend oscillator shows a bullish crossover. The MACD will also create a bullish crossover soon on the 3D TF. Also hidden bullish divergences can be found on the MACD histogram as...
BTC has found support on the 200 DMA (at approx. $46.7k), 34 W-EMA (at approx. $48.8k) and 50 weekly SMA (at approx. $47.4k) which is a very good sign for the short & intermediate term. It looks like a completed wave 4 correction with an aggressive C-wave which wicked down to $43 and that wave 1 of superordinate wave 5 has now started. Also oscillators on the 1D...
BTC has bounced of 100 DMA (at approx. $54k) / 21 W-EMA (at approx. $53k) quite well which is a bullish sign for the short & intermediate term. It looks like a completed wave 4 correction and that wave 5 has just started. However, some oscillators on higher time-frames (1W, 2W and 3W) still show bullish momentum exhaustion. If BTC can mange to close above...
Dow Jones #DJI is bouncing of the 200 DMA after Doji reversal candle. Exit or reduce short positions! Disclaimer! I´m not a financial adviser. For educational purpose only! You can use the information from the post to make your own trading decisions. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
🚨 S&P500 has hit a strong resistance trend-line 🚨 S&P500 has hit a strong resistance trend-line (violet line) and has formed an Evening Star Candle! This means that there is a very high probability for strong pullback. If the S&P500 can not find support on the red trend-line (at about $4600) we should see a correction down to the 50 DMA or 100 DMA. 50 MA is at...
🚨We are nearing a Dow-Sell-Signal acc. to the new Dow-Theory🚨 We had a drop of more than 3% S&P and Dow which is causing a secondary reaction. If the S&P stays below $4400 the secondary reaction is confirmed. This is the FIRST step acc. to the Dow-Theory system by Jack Schannep! The economy is still in a major post-pandemic depression and many S&P500 companies...
Oscillators indicate strong buying signals for Kyber Network on the KNC/BTC chart on the 1D and 3D TF. It seems like KNC has completed its correction and that it has found support on the red trend-line from where it has already bounced (see red line). There is strong bullish momentum for a pump up to 60% (entry between 0.00004924-0.00004956)! Swing Trade KNC-BTC...
Oscillators indicate buying signals for Swipe on the SXP/USDT chart on the 1D and 3D TF. It seems like Swipe is stabilizing around current price levels after this hard correction and that it may close the day with a Doji reversal candle. There is strong bullish momentum building up which could result in a pump up to ~ 30% (entry between 0.7600-0.7555). Swing...
Oscillators indicate buying signals for Celsius on the CEL/ ETH chart on the 1D and 3D TF. It seems like Celsius has completed an ABC correction and that it has found support on a Low-Volume-Node (LVN) from where it bounced hard which is a bullish indication. There is strong bullish momentum for a pump up to 30% and maybe oven more! Swing Trade CEL-ETH...
Oscillators indicate buying signals for NEXO on the NEXO/BTC chart on the 1D and 3D TF. It seems like Nexo has completed an ABC correction and that it has found support from where it has already bounced (see red support trend-line). There is strong bullish momentum for a pump up to 30% (entry between 0.00001450-0.00001411). Swing Trade NEXO-BTC...
Oscillators indicate buying signals for ENJ on the ENJBTC chart on the 1D and 3D TF. It seems like Enjin Coin has completed an ABC correction and that it has found support on the 200 SMA from where it has already bounced. Currently there is sufficient bullish momentum for a 16-23% pump (entry between 0.00001625-0.00001642) before a further correction to the...
According to Elliott wave analysis RCN is in an ABC correction and according to the Squeeze Momentum indicator and Wave Trend Oscillator (@ 3D TF) wave B will start soon. Wave B can be traded as counter-trade inside the ABC correction. It looks like that this ABC correction is a wave 2 on a higher TF and wave 3 will start after the C wave finds its bottom. For...
Oscillators indicate buying signals for LINK on the LINK/BTC chart at the 1D TF. LINK has completed an ABC correction which has found support on the 50 SMA and now there is enough bullish momentum for a 13-23% pump (entry between 0.000691-0.0006674) before a further correction to the downside (which is indicated on higher TFs). Swing Trade LINK-BTC...