FuriousMoney

FuriousMoney

Most of the time, when price action is uncertain on lower timeframes, it's always worth zooming out... It's never a bad time to sit out, I myself have de-risked and would much rather get the bulk around the middle of the next move, than hunt for the extreme bottom's or tops.

FuriousMoney

Taking a look at a (what to me are ) very low timeframes, it's not surprising the structure is very similar to what we saw at the peak of the market a few months ago. Although I remain bullish on the higher timeframes, when it comes to the immediate future, I've positioned myself for a move downwards. Away from the charts we're also seeing several narratives...

FuriousMoney Updated 

In my previous post I speculated on a posibility of breaking the triangle to the downside. Looking at the hourly RSI, the last green candle marked a high, although the next candle registered a higher price, the RSI indicator did not. A good enough signal for me to break the "no trading on weekends" rule. As always, not financial advice, DYOR and good luck trading!

FuriousMoney Updated 

As the lines dictate, it's likely the price action will break to the downside, however given the volume and recent shenanigans during past weekend, probabilities are difficult to nail down. Trade at your own risk.

FuriousMoney

Just noticed Krown has almost exactly the same curve on his BTC chart, I'm less optimistic considering the latest in Tether saga, however, if one has a bullish bias, this may play into the narrative. Still think we'll test $20K range before trending up, I'll remain on the sidelines until things settle comfortably north of $40K. With anemic volume, weekends can...

FuriousMoney

Although long term the upside for Cardano is infinitely higher, short term we can take advantage of the overall trend driven by $BTC and market in general.

FuriousMoney

Per title and as you can see, CREAM has been trading within the same channel for quite some time, no reason to expect anything different for the foreseeable future. As always, DYOR, not financial advice, yada yada yada...

FuriousMoney

As most already know we've been trading in this channel for quite some time. If we go back to my previous analysis towards the end of May, the pattern so far has played out as I suspected. It would be interesting to see if we can reverse back to the upside after testing the top of the descending channel as indicated on the chart. If the downtrend momentum takes us...

FuriousMoney Updated 

After sustaining significant losses through Saturday, Sunday started with BTC slowly heading upwards and Cardano leading the altcoins. As Noted, the chart consists of fractals found in previous similar structures. It would be unexpected for us to continue moving down as it's unlikely introduce additional supply, yet remember to bi vigilant.

FuriousMoney

1. Not much to add on $BTC, more likely to break to the downside all things considered. 2. A lot of noise regarding $DOGE this week, oddly enough from several true maxies.... Perhaps I'm overly cautions, yet it's generally worth fading the mainstream narrative. As always DYOR

FuriousMoney

Assuming the conditions remain the same, could very well break out to either side, although the sentiment is swinging to the upside at the moment.

FuriousMoney

Using the fractals from the previous corrections, applying the latest Wyckoff craze, so far, the price action is identical...

FuriousMoney

While there are many drawing the Wyckoff doom's day, we'll offer another take on the current state of affairs. Assuming no significant geo political developments, the trend remains bullish. Not seeing the head and shoulders, but rather an overdue correction.

FuriousMoney

Although I rarely use indicators today, mostly relying on price action, one indicator I have always found to be fairly reliable in trending markets is MACD. There is plenty of literature on Tradingview and any other TA platform, I won't go into details here. If you're just starting out on your trading journey, take a look at MACD and see how, if at all in can...

FuriousMoney Updated 

BCH took a quick pause, presenting a breakout opportunity.. As always DYOR, the triangle confluent with all three EMA's compressed, VWAP turning bullish. May or may not retouch support before breaking out. Happy trading.

FuriousMoney Updated 

Bounce here

FuriousMoney

We continue to see price behavior suggesting more upside in the near future. The price continued to successfully rebound off key areas of the chart. The amount of time consolidating generally points to a significant upside in future highs. As always DOYR, don't hesitate to add your thoughts.