BNB really starting to reverse trend on higher TF... watch out!
Bounce points for long trades to watch are the previous highs that align with weekly EMAs
If XRP can hold this line, great risk/reward trade long setup. I personally hate the cripple token, but this is noteworthy. If/when XRP breaks below 28 cents... lookout below. Target is a few pennies which could knock cripple out of the top 20 tokens.
Couldn't ask for a better setup of divergences in the stock market and underlying economic fundamentals. it could take another 2-3 weeks to start unraveling as the weekly TDSA count is on a 6 and an 8 or 9 will help the algos trigger the selling.
I hope this consolidation last at least several weeks to months to provide a stronger base for next bull market runup to $275k target. three green areas of long interest shown to possibly play the swings. DYOR - this is not investment advice.
Long term trend is still very bullish. However on a shorter timeframe that can evolve over a few weeks, I'm expecting a move up perhaps to ~12.4k and then slow grind down to test $10k and possibly as low as $8500, but I don't see yet why we would wick anywhere below $7k best case as the purple value line sits below around $8k.
This area I have highlighted is HUGE confluence of support or massive breakdown resistance. Since bull trend is still intact on higher time frame, I am LOGICALLY leaning 80/20 bull support here because EMOTIONALLY I am leaning 80/20 breakdown. And whoever is trying to accumulate a sh!t ton of btc is doing a great job shaking out the weak hands on this historic...
silver on similar chart - need to see a push and weekly close above this trendline for continued move to ensure... for now expect a pullback
refer to green channel. I'm longing at key levels in green - next stop is daily 55 EMA at $9k
What if the composite operator/whale(s) set out to enable massive liquidity by shaking out all the weak hands through an algo that created a weekly closing incredibly bearish doji (gravestone/shooting star)? If so, then they should enable the shorts to pile on towards $9700 or so and the squeeze the heck out of them up and through $20k. I'm buying the dips down...
The EMAs may soon turn and if bullish volume doesn't pick up we could dump hard once 4 hour 21 EMA crosses below 55 EMA.
Does anyone have a roadmap like this??? Buy anytime we are near the PURPLE DOTTED LINE. In fact, if you believe in bitcoin, DCA (dollar cost average) on the way up and now! Anything below the purple value line is a spring/shakeout. By my estimates and how the parabolic ascents of support and resistance line up, bitcoin will eventually and soon approach...
1 day candlestick zoomed in version of previous post which was weekly view all the way back to start of BLX tracker. Does anyone have a roadmap like this??? Buy anytime we are near the PURPLE DOTTED LINE. In fact, if you believe in bitcoin , DCA (dollar cost average) on the way up and now! Anything below the purple value line is a spring/shakeout. By my...
I can see the purple line as future absolute bottom if this trend stays intact. It the value line of bitcoin. Today it's at $7850 and rising fast. Will be near $10k by end of september.
See blue text in the chart
If we track % of stocks above or below their 200 day moving averages on a WEEKLY time basis - there are some very clear bull market reversal signals as denoted. We are back to a very critical resistance area that once break up, we could see a very sizeable extended multi-year stock market pump. This would in turn seal the deal I believe for a second presidential...
Cleaner chart of previous posting (got rid of arrows and old notes) Does anyone have a roadmap like this??? Buy anytime we are near the PURPLE DOTTED LINE. In fact, if you believe in bitcoin , DCA (dollar cost average) on the way up and now! Anything below the purple value line is a spring/shakeout. By my estimates and how the parabolic ascents of support and...
If you read the headlines since we breached $10k calling for 40-100k bitcoin soon, we know we should be ripe for a FOMO pullback.