Behold! The Metaverse is here. We can buy virtual assets with this token - or we can trade value on the range plays of the token itself! I choose Option 2, since I haven't figured out how to get into this Metaverse yet. We have here a beautiful range box. Price will for the most part adhere to the limitations of this range box and return to it when it does...
The list of probable outcomes for btc is starting to weigh to the bearish side and I'll tell you why. Retail is trapped now. There is no reason to loop in any more fresh money, since so many will be looking to sell their alt coins at just break-even at this point. It is probable that this massive expanding flat correction will lead to its completion over the...
I see that bitcoin is providing ample frustration for the vast majority, as per the usual. On the 4hr chart we have a massive inverse H&S being built. It is still early as we are topping on the first shoulder. 44k range is going to be the bottom, for awhile at least. We have that beautiful pink uptrend line which we will retest on the daily. Also the bottom...
SoFi Technologies looks utterly beautiful. A carved bowl of volume, resulting in massive increases in a contracting monthly triangle of consolidation filling out a large and strong weekly bull flag with buyers at the bottom of every point of the daily parabola. If you aren't longing this when it falls below $15 one last time, what are you doing? ...
I've got two potential paths for bitcoin over the next 24 hours. Both involve a retest of the local high due to bullish momentum. Will be monitoring for a potential reversal lower, otherwise I've already got my stop limit TP order in place. GL all 🙏
Lowering buy volume on the 2hr. Thinking we go for a .5 or even .618 retracement here.
The CME chart closed above the previous weekly close high last week. That's pretty bullish. Week-on-week buy volume has also been steadily increasing. Look at those gaps down below! Will they ever get filled? I know they will, over time. But in the meantime... what if we go all the way to the .272 extension at $82,000? There is plenty of trend line confluence...
A Q4 second corrective C wave upward resulting in a lower high and subsequent fall beginning somewhere around the middle of November. We also have a 5-wave count starting from late June.
How many times can this rising wedge get retested? As many times as it takes. Continuing trying to short this thing at key levels every time it pumps. Okay folks. There is confluence at the level of 67.5, but I do not think it will get there as that may invalidate this setup, which I am now playing as a giant ascending triangle. I am in a short now. If I get...
Price contracting on the 4hr. Buy volume decreasing however denoting further downside to come. Last 4hr also bearish engulfing. Hoping for a bounce though to 4-hr resistance to open a new short. I was in a short last night, took profits early on an order at 57k today. Finally won one again. Happy with the modest gains. 4hr 21 ema currently at 56.6 could be...
DYDX. I don't know anything about this crypto, but people have been throwing around the name on TradingView and so I thought I'd chart it. Very new coin. It had a nice little run-up for a couple of weeks, but we have obvious bearish volume divergence. Good consolidation in this new range, but I foresee bearish volume continuing to increase with an eventual...
A second attempt to break through this resistance level is so far not working. Potential retracement move back down to 54k support zone.
I've been mulling over this double-top fractal possibility since August. Quite interesting! At first it looked like Eth/Btc was having a strong bull flag break to the upside, but more and more I think I may be right in that we are going to head all the way back down to the monthly 21 ema first - and perhaps even below it - before the breakout-level gains are...
Shiba Inu. 4.3x this week. I don't know what you are. But the whales clearly like playing with you. Already found support and a strong reaction from the 4-hr 21 ema. If you want to take it higher from here. Cool. Have fun on that ride. I won't be going. If you want to drop it to acceptable levels. Awesome. We can go on that ride together. 5 months of...
This is how I am playing bitcoin over the next 2 weeks. We are currently in a strong uptrend. Volume has increased, we are above all the key MAs and have broken through some important resistances. Though we are due for a retracement soon (keep in mind we have begun a bear moon phase), the sheer power and momentum of this rally should propel us at least one...
Zoom out. As long as we close the yearly green (29k) this will set us up for bullish continuation in 2022. There are so many reasons to be bullish, the largest of which is an upgrade to the bitcoin blockchain called Taproot which is due out in November. After the last major btc upgrade (Segwit) the price sailed upward several times its value in a matter of...
Bitshares. This was wunderkind Dan Larimer's first project, before he moved on to Steem and eventually Eos. So what is happening with the Bts vs Btc chart? One thing I notice right away from this chart is a reliable trendline (in blue) with pretty much 4 perfect touches which can be drawn across the highs. After that there was more than a year before it broke...
Expecting btc to tag a bounce on the .5 fib and then move all the way up to the .618 extension to create a fake break of the local high of this trading range before falling again. - Wash the longs, rinse the shorts. Wash. Rinse. Repeat.