Possible symmetrical triangle formed on the BTC PA. If up it would be a tag on the H1 200ema If down it doesn't really matter anymore lol
Watching a possible 'M' formation on the Bitcoin chart. There is still liquidity to be taken, the teal arrow shows in profit short positions while there are trapped shorth at the bottom of the pump, circled in yellow. The wedge formation we had a few days ago formed wicks and also trapped short positions, the Market Makers will be looking to recover those at...
$16'200 - HIGH $15'000S INCOMING.... IT'S WRITTEN IN THE BIBLE Give me $12'000 and I'll think about buying back...
Just another update for the daily chart.. BTCUSD looks right on track. Past couple days over the weekend, the 'over bought' indicators have been reset. The TD sequential was reset from overextended a day or so ago, daily RSI has come back down leaving more room to go up. Tagged the daily 13EMA but still have not hit that all awaited for touch of the 21EMA however...
Update: Still looking bullish to me, the daily 1.272 fib level is holding as support for now. If we go back down, I don't think it will be by too much or for too long. LTF's choppy but possibly down
What if...? Played out and hit the measured move target 100% on the previous pattern, why not this one. Also has confluence with a major SR zone.
*UPDATE* Just thought I would post this as we seem to be testing the major support we need to break to get back into what will be, IMO , a new trading range. This has been a long bear trend, I think it's about time we broke out and with Market Cipher and LUX, it's looking very possible.
UPDATE: Tagged the yellow resistance and heading back for another go. Looks bullish enough to me, above the 200MA, ribbon constricting and beginning to look as if it's going to flip green. If we clear it and close above the yellow line, bull run back on IMO.
Just a minor update for BTCUSD on the daily chart. Put some simple horizontals and the descending triangle we are currently in. I could extend the triangle but IMO the consolidation area I started the upper resistance from is good enough lol. Thinking if we can break bullish from this pattern, we have a decent resistance at the red line, if passed then there are...
Update: The triangle we have been watching for weeks has finally broken with significance, been retested and continued upwards. There were many smaller patterns inside, also some major resistance (esp the red box), but BTC seems to be on the way up. The measured move of the triangle is way up at 72.6k Will we get there....? (Anyone who follows me, I have...
Update... Watching SwissBorg #CHSB, a project I am very much interested in and think it will do well. CHSB has taken a hit over past few days, from $1.5 to just over $1. I hope this will be the end of it as with CHSB it pumps, finds a floor for consolidation (bullish consolidation) and then pumps again. The fundamentals are excellent and I can only se growth for...
Watching the CME chart, I see 2 patterns. I think it is unlikely to reach the targets due to the selling pressure BTC keeps getting rejected at but if it broke, those are some big prices. Keeping an eye on institutional sentiment
Just looking at a longer TF fib I have on from a while back. If this run continues and the levels continue to be respected as S/R, then next stop is the 1.618 up at $50.8k or there abouts. Honestly, after some more small shake outs, I think we are going to get there.
This is what I'm watching for ETHUSD. Bullish case being we retest the blue dotted line with a slight rejection then break through. If this happens I would expect to see new ATH but 'expect' is a bad word in trading lol. Bearish case is, we go up, maybe for a test of the dotted line then fall to the support box. Bounce a little then fall. Again if this happened, I...