ChartMeSir

ChartMeSir

my short-term target is $0.29 , but my mid- and long-term goals are far greater. This coin is screaming pump, has a huge user base and community for its technology, and has loads of utility so stakers may profit passively from the protocol.

ChartMeSir

I did advise being cautious and that you should avoid fomoing when your Twitter timeline is hysterical since rising wedge is a bearish pattern.

ChartMeSir

CRYPTOCAP:XRP ignited the whole market including bitcoin to break out we have broken out of the cup and handle, but there is also a rising wedge so be cautious you can see we have come to these levels before and come down after, we are still not in the 100% clear for #Bitcoin

ChartMeSir

Because we have been rejected at resistance too frequently, I have taken a short position in bitcoin and will take profit at support.

ChartMeSir

We have developed a bull flag pattern in response to resistance at the cup and handle, and if it plays out, the measured pole pattern might cause a price increase of up to $36,000

ChartMeSir

we are breaking out of resistance but lets see what the daily candle will close at.

ChartMeSir

It has been quite fascinating to watch this cup and handle develop; if we break it, the upside potential would be enormous

ChartMeSir

The 5D MA 200 is currently around $34k which is a crucial resistance level. Everything now depends on whether we can get above this resistance of the cup and handle pattern. To measure potential target for this trade, you usually measure inside of the cup, which equals about FWB:46K

ChartMeSir

Because of the optimistic news from Blackrock, I flipped long at the bottom, and now that we have a bull flag pattern, we may potentially gain another 60% on this trade.

ChartMeSir

I TP on short once we crossed back into the accumulation zone and took profits at R of the descending channel. I choose not to re-enter because Binance today released some unfavorable information on Pepe. I'll hold off until it gets cooler.

ChartMeSir

Bitcoin showed a lot of strength at that support level which we closed short and now in long position, we are now at R of the triangle, if that breaks out then we will TP our long to the R of the Falling Wedge Pattern @ $27400

ChartMeSir

At this point, a rapid decline to the MA 200 is extremely likely; the question is whether it will act as support or not.

ChartMeSir

I entered a short position with a DCA target of the support level, resistance is now my stop loss. Once we reach the support level region, I'll gauge our strength because it may be the bottom and time to long.

ChartMeSir

The market did not react in a positive way, lots of liquidity is leaving the market, especially #altcoins Previous support is now resistance, D MA 200 marked at $23673

ChartMeSir Updated 

Descending Channel Pattern Accumulation Alerts enabled for R and S Waiting for breakout

ChartMeSir

I have decided to zoom in closer via the 6h time frame for #Bitcoin, we have a 15 day gap and I will be paying attention to Wednesday as there will be statements and projections made by the FED FOMC and Powell will also be speaking.

ChartMeSir

Cup and Handle Pattern Falling Wedge Pattern 1D EMA 200 is support