ClearOpenDoor

ClearOpenDoor

As per request, I have charted a bearish scenario on ALGO and this is what I have found. We have what looks like a giant cup and handle formed on the weekly, but there is declining volume. Unless we get a strong surge of volume upward soon we will most likely revisit some lows in the short-term. Now there are several opportunities to pick some ALGO up at much...

ClearOpenDoor

Yesterday I talked about our target of $57,400 representing the daily resistance level, and indeed upon reaching our target it did not continue much higher before a substantial reversal began. We are now falling again as expected. Today is much trickier. We have a bitcoin that has fallen back out of the rising wedge structure that has been fought so hard for...

ClearOpenDoor Updated 

We are back inside the rising wedge on the daily. We may move sideways and upward slightly for the next day or so until we hit the daily close resistance level of around $57,400. When bitcoin falls to the bottom of this little wedge it is currently building, that could be a good time to long your favorite alt coin and wring out a few percentage points on it...

ClearOpenDoor Updated 

So are we doing this or what? I stayed up all night waiting for Doge to fall to the bottom of the falling wedge so I can buy and be able to monitor the trade in case btc goes haywire again. Of course, then we developed an ascending triangle on lower time frame that I did not buy into. Apparently these Doge whales are very well connected and they just anticipate...

ClearOpenDoor

Ethereum has just showed its first signs of buyer exhaustion during the last bitcoin dip. One further dip is expected, which should make eth do a .382 retracement to around $3,340. Since eth is still bullish and its previous weekly candle so strong, more upside is expected. Profit taking will occur at just over $5,200. After that a massive correction will...

ClearOpenDoor

Bitcoin will finish the day at the very bottom of this rising wedge. It will then sweep the lows of May 5th around $52,000 before climbing back into the wedge by the end of the day. In a few days we will see bitcoin sweep the highs as well and top out at over $62,000. Finally, bitcoin will enter into a massive and earth-shaking fall which will take it far below...

ClearOpenDoor

I just wanted to include the target for the next upward impulse wave of Doge. I nailed the last one down to a 'T' at .70. This time I've highlighted the 1.272 fibonacci extension as the profit-taking zone. I do believe this will be the last target it reaches for awhile. I am mid-term bearish on btc and alts but I believe there will be a last push into...

ClearOpenDoor

Please buckle up your seatbelts. We are about to flex a massive reversal candle which could cause whiplash. force = mass x acceleration As Newton's second law suggests, the level of your resultant force will be higher the larger the size (mass) is of your carry-on luggage Therefore, a 50g packed bag x (a change of) +1.1 cents per hour = ... ? Can anyone...

ClearOpenDoor

I fully expect this to play out over the next 3 weeks. (with some small variation of the downward trajectory)

ClearOpenDoor

Dogecoin is going to the moon. But it has to stop at a satellite back in mid-earth orbit first. For those who think it won't go that low again. Check your Likes at the door. This puppy is winded and needs a breather. For those who think it will go much lower than the price zone I've indicated for you. Keep saving your money for that perfect trade. You...

ClearOpenDoor Updated 

Doge looks good for re-entry here. This is a solid supply zone where price has bounced hard 4 times in the past. I will update targets and such as this unfolds. For now .90 is the 1.272 extension of the previous swing low to high, so that should serve as a good target.

ClearOpenDoor

I'm very bullish on XRP in the mid-term. But in the short-term timeframe we are looking quite bearish. We have systematical lessening on daily buy volume creating a divergence in the recent upward price movement. I've created a potential down-channel path in which it could travel as I fully expect some major downside over the next few weeks. It is possible we...

ClearOpenDoor Updated 

Candles are on the hourly Purple lines represent the 4-hour triangle currently trading within 2 possible scenarios. We break out from here, or we touch back down to the 4-hour supply zone for more jet fuel. Either way, price should break out before the daily candle close. Fasten your seatbelts ladies and gentlemen. By this time tomorrow I am predicting .90...

ClearOpenDoor Updated 

What runs faster than this Doge? For now, this coin is enjoying a massive rally that is almost ready to reach its fever pitch. I do not think it is too much to ask, however, for an asset that just reached the major resistance zone (representing the .70 area) to make at least some small pullback before it starts running even faster. My hope is that Doge...

ClearOpenDoor Updated 

Good morning all! Analyzing the current price structure of bitcoin is becoming part of my daily routine. It appears to be forming a rising wedge today on the hourly. If so this would be bearish more often than not. Whichever way it breaks, wait for an increase of volume on the breakout. Thoughts, Likes and comments are appreciated. Thank you.

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Does this look familiar to you?

ClearOpenDoor

Bitcoin did react today in my pink buy zone and when it reached that point I purchased an alt coin for a swing trade. I paid more attention to bitcoin than the coin I was actually in however. The goal was to get up to the blue line which represented the last 4-hr zone which I believed would act as resistance. Unfortunately btc failed long before it reached...

ClearOpenDoor

Ethereum has officially blown the top off of this Livermore accumulation cylinder. The question now is, will it continue up to .1 and beyond now or will we get a pullback first ? We've printed a strong reversal candle on the last 4-hour. There's a good chance eth just does a tiny bit of consolidation before some major continuation. But if btc falls and...