Detective_Conan

Detective_Conan

We've broke through our 200 SMA (red), 12/26 EMA( yellow/purple) which tested as resistance on the 1 Daily Chart. Could be good confirmation for some more downside action. There's a pretty good chance we go back to restest our 8,000$ support. Only support I see holding as of right now is our 50 SMA (green) which I don't find to be strong in the past. We could...

Detective_Conan

BTC has finally broken our downtrend channel resistance. Could be a mix of a short squeeze and also Bullish news from China that has caused this rally. Will that be enough to make a reversal from our downtrend channel? As of right now BTC is holding above 200 Daily SMA(red) which is a good sign but we can't seem to breach our 100 SMA(orange). Even if we break...

Detective_Conan Updated 

BTC landed support (pink dotted trendline) that existed from the beginning of BTC's bull run in April of 2019. We have our top blue dotted line that has been our main resistance for this run up. Together they form a huge triangle. BTC could be going range bound for the month of Oct, until the beginning of November is when we should see price consolidate until a...

Detective_Conan Updated 

ETH found support on our pink dotted trendline which seems to be pushing the price towards our main downtrend resistance line (top blue dotted trendline). We are near the end of our consolidation, will we breakout to the upside or fall back down within our descending wedge? EMA's'(yellow/purple) looking for a bullish crossover on the Daily. I have supports...

Detective_Conan Updated 

1 Daily Chart Overall, BTC is still in a downtrend. We're still below our 12/26 EMA(yellow,purple). We face resistance on our 200 SMA(which) which is one of our significant indicator. We made a 3rd bounce off of our S4 support line. Volume isn't impressive but there are some bullish signals as well, which I have listed on the chart. I use EMA's to see the...

Detective_Conan Updated 

After failing to break our blue dotted line resistance after many attempts, we have finally broken our S1 and S2 supports with a huge sell candle and have reached our next price action zone(green rectangle S3,S4). There was no bounce on our 200 SMA (red) and is struggling to hold as support. If we struggle to get a bounce at these levels (S3/S4) and S4@8000...

Detective_Conan Updated 

Some evidence: Daily Bullish RSI Divergence. ETH breaking through 12/26 EMA (yellow/purple). Just need a bullish crossover. Some Resistance to look out for R1 is by our 50 SMA (green) R2 was support at one point with good volume also near 100 SMA (orange) and .236 Fib retracement. R3 was a very significant support, also our PoC on our Volume Profile and near...

Detective_Conan Updated 

We have made a bounce yet again on our S1/S2 supports. Now we test our top blue dotted trendline as resistance. Has potential for a huge breakout seeing how the top blue dotted trendline has been very strong resistance since Mid June. BTC forming a descending triangle, which is seen as bearish. If we break S1/S2 supports. we could see S3/S4 at the next green...

Detective_Conan Updated 

The 12 EMA (yellow) weekly has been strong resistance for the past couple of weeks now. Price is consolidating between the 12 EMA and bottom yellow dotted trendline within triangle. I reckon everyone's waiting for the coinbase listing as Binance nears its deadline(Sep 12) for US customers to move out of their exchange. Could be a make it or break it moment for...

Detective_Conan Updated 

BTC still within this blue dotted downtrend channel. M pattern forming as BTC tests 12 EMA (yellow). Supports Support can be found in green rectangles between S1 and S2 @ high 9000's. After S2 we should have strong support at next green box below between S3 and S4 near our .5 fib retracement, also 26 EMA (purple) where we have High volume on our Volume...

Detective_Conan Updated 

Looks like we're in correction wave C short term. Once completed and we don't fall below our S2 support, could be the completion of wave 2 of a bigger Elliot Wave. S1 support @ 114 Sats. S1 has been the holding the market for quite some time until recently, but is looking weak at the moment. S2 support @ 80 Sats. Breaking below here would confirm continuation...

Detective_Conan Updated 

BTC still within this Downtrend Channel in Blue dotted Trendlines. EMA's(yellow and purple) showing uptrend signal. BTC is making it's way back above the 200 SMA(red line) which has been a very significant indicator. It'll probably still need some testing before we can conclude how strong it will hold. Volume really isn't quite impressive which would have me...

Detective_Conan

A bullish Divergence could be used as a buy signal. Immediate Support at S1 can be found at 0.0208 Satoshi. Immediate Resistance at R1 can be found at .0225 Satoshi. Next resistance at R2 at 0.0250 Satoshi that used to be a very significant support. From our swing high to low, it's on 0.236 Fib retracement.

Detective_Conan Updated 

BTC has broken our S1 and S2 supports with confirmation of resistance at S1 sending us to S3 yet again. S3 is significant because it's sitting right on top of our 50 SMA in green and also our .618 Fib rettracement and BTC is already breaking through its support. A close below and our chances of going lower raises. After S3, are some levels to watch out for next....

Detective_Conan Updated 

S1 supported by High volume node on our Volume Profile to the right and also .236 fib retracement. Stop loss 5% below here. R1 is where we have our 26 EMA(purple line) acting as resistance. Also an area with significant support in the past. R2 Our 50 SMA (greenline) and also our .382 Fib retracement. BE AWARE, MATIC has a inverse relation with BTC. When BTC...

Detective_Conan Updated 

If we look at the bullrun of 2017, BTC made it to 20k within a day after breaking out of its .618 fib retracement at 13k. Will history repeat itself?

Detective_Conan

Using some of the top 5 Crypto as examples we can see that the best point of entry was when BTC topped at 20K. Not to say that 20k is the top for this BTC bullrun. ETHBTC is orange line. LTCBTC is blue line. XRPBTC is purple line.

Detective_Conan

Since alts seem to drop whenever BTC makes new highs, I'm expecting ETH to do the same and follow this wedge with the red dotted line as support and green dotted line as resistance. Descending triangle or Triple bottom? I say triple bottom. Short term wise we are currently in a descending channel(blue dotted lines). Expecting to make an entry whenever price hits...