DerrickGibson

DerrickGibson

Watching this pattern closely.

DerrickGibson

This is not an asset I would want to be buying here. There's several red flags in the chart. #1 Declining volume. While the price is going up, the volume has been dropping off. This shows less and less participation as the price goes higher, not a sign of strength. #2 Hidden bearish divergence up to the 3 day timeframe. You have price making LOWER highs while...

DerrickGibson

ETH bulls need to make a move here or support will likely break. The moving averages are in a very bearish posture now as they continue to apply bearish pressure at the support level.

DerrickGibson

Identifying key levels to watch for support or rejections.

DerrickGibson

This is unlikely but should be considered as a possibility.

DerrickGibson

BTC not doing much of anything. Need to see a spike in volume to signal a clear direction. For now I am still biased bear as they have control of the higher timeframes.

DerrickGibson

XRP/USD is death crossed up to the 3 day time frame. Critical support is at $0.26. If support is breached we can expect a retrace down to $0.15. If that level doesn't hold the next clear support is at $0.035

DerrickGibson

Not a confirmed pattern until the neckline at $114 breaks with strong volume. Target is $68.

DerrickGibson

Time to start quadding shorts.

DerrickGibson

The price action and volume indicate consolidation with no clear direction. If the symmetric triangle pattern holds and volume continues to drop off, a break of the triangle will most likely be in the direction of the prevailing trend (bear).

DerrickGibson

Quad up

DerrickGibson

I'm looking for GBTC to hit $1.50 after the $3.80 level breaks.

DerrickGibson

You have to admit, the similarities are spooky.

DerrickGibson

SPY has bounced nicely off the 200 week MA. Watch for the highlighted area to reject price in the next few weeks. If we see a strong rejection in that range it will likely lead to another powerful bearish move.

DerrickGibson

ETH is setting up a short opportunity. The price action and volume indicate a rising wedge is forming. Ideal entry is $165. Waiting for the pattern to continue to develop before I enter.

DerrickGibson

Hope u quadded up

DerrickGibson

Quad the top fam

DerrickGibson

I am looking to close the 3865-3925 short at 3575 and enter long with exit target 4150.