Currently Ethereum doesn't look too good from a TA perspective vs Bitcoin. On the 1D chart, we can see the red diamond on the RSVP Extractor called the drop, then the yellow shaded areas (oversold on RSI) called the bounce. Although there are 3 resistance points. The first is a trendline resistance around $3,600. The next is the immediate trendline resistance at...
On the 1D chart for BTC, we can see there was major support at the $40,899 level. This coincided perfectly with our trendline support AND our Moon signal on the RSVP Extractor. You can also see a descending wedge pattern forming (which is extremely bullish if Bitcoin can break the trendline at $45,000). This has been a major resistance level for BTC and if it...
Currently on my chart you can see horizontal support/resistance lines as well as trends lines all based off of the 4h Binance ETH timeframe. I also have my Trend Fusion indicator overlaid as well. The huge breakout on ETH occurred whenever it retested its trendline support on Sep 29th and also formed a double bottom. This is when we knew we were started a...
I currently have the 4hr Bitcoin chart up with major support and resistance lines, along with trend lines. I also overlaid it with my Trend Fusion indicator. As you can see, the major trend line along with the resistance line intersect at $44,654 (circled in green). I believe this will be an important point for Bitcoin. We'll need to at least hold above its...
Looking at my VP Extractor, we can see it flashed a green diamond which actually coincided with the bottom support at 1950 for a great long opportunity. It then caught the top at 2600 flashing a red diamond for an amazing short opportunity. Right now I'm paying attention to the trend line and horizontal support around 2150. If we can't hold that, then I'm looking...
As you can see above, two of my best indicators, (Whales Buy-Sell and Synergy (which is by invite link only)) have predicted every ETH long since October 2020! When combined, they work flawlessly on the higher timeframes like the 1D and 1W. You can see the vertical lines are drawn every time the Whales Buy-sell indicator flashes a Buy AND the Synergy indicator...
I am still currently bullish on BTC. Looking at the 12h Binance chart, we can see our VP Extractor called the top and bottom multiple times. It actually called the most recent pump and dump on the 5min but I couldn't share it as an idea because it was less than a 1h timeframe. This is an indicator that I will release within the next couple of days and combines the...
Looking at the 1hr chart for BTC /Binance, we can see that our Whales Buy-Sell indicator and Volume Extractor indicator called the top perfectly with 3 red diamonds and a Sell signal! We can see that Bitcoin couldn't hold above our support at $56,440 and went to retest the Daily diagonal support of $56,100. Unfortunately it fell through that diagonal support down...
Looking at the 1hr chart for BTC /Binance, we can see that Bitcoin dipped below our support of $54,300 but our Price Extractor indicator gave us a STRONG buy signal (rocket) near the bottom of the move while the MACD was just under the signal line. This is very bullish because the MACD was very close to crossing to the upside and right near a resistance meaning it...
The BTC short I wrote about yesterday is playing out exactly as predicted :) Based off the sell signal from my Whales Buy-Sell indicator and the MFI Pro, we accurately predicted that BTC would fall to at least the $57,853 support level which it broke and went to our next support of $54,180. Currently BTC is holding that support but if the 8hr candle closes below...
Based on my current S/R lines and the Whales Buy-Sell indicator combined with the MFI Pro, it looks like BTC may be headed for a short-term retracement. My Whales Buy-Sell indicator has been fairly accurate on the 8hr timeframe for BTC when combined with the MFI Pro (as seen above, it called the bull run), and it just now flashed a Sell signal. My MFI Pro...