I think we will sit in bottom of this channel for a bit before the next move Where we would be consolidation under resistance, which is a bullish sign and there is a lot of buyers present This could send us through the resistance at high 22s low 23s and onto a new ATH Its hard to call now, but depending how long that consolidation is depends where we go. If it is...
Following our last post, evident the wicks meant strong buyers, BTC pushed into a new all time high just above 24K However rising prices means bearish divergence which amost always causes a pullback, especially in BTC and crypto Decent bearish divergence on the 1HR chart here, combined with strong bearish divergence on the 4HR chart has caused this sell off - was...
Instrumentally we properly broke the ATH With some help from sepculation of insututions getting involved, like JP Morgan and Greyscale we wrecked the previous ATH We did find a top for the moment though at 23820. Now the question is whats next? My thoughts are we sit in the upper half of this range for a little - the big wicks means buyers are trynna get back to...
We made brilliant move out the right angled triangle on XRP as BTC more brilliantly pumped into new territory earlier XRP not quite got the strength of BTC where I mean BTC is in price discovery and XRP is still in the shadow of its previous high - 0.8 but... I think this brake back into an uptrend means we should move to 0.80 minimum, it is just going to take...
This for me is the key level - 0.46, had it highlighted for a few weeks now Hard accumulation under the green descending trendline which forms a right angled traingle with the 0.46 support region With all the incredbile fundamentals these past few days and the confluence on the BTC/XRP chart also Now surely we can break, my target would be the previous top 0.80,...
Broke out of this smaller triangle (blue dotted lines) Climbing asscending support line from macro pennant If breaks the descending support line could be quids in Lets see how it pushes on from here...
This descending triangle is showing the holt to any momentum right now However, according to Bukowski they break upwards 63% of the time, when at the top of a trend which it is Also volume that slopes upward increas the chance that the shape will be a continuation pattern On the 4HR chart this is not the case yet, but during the next few legs in the triangle this...
Update: We fell out the bear flag, successful short, however that leg is finished for now having a solid bounce from 0.53ish The next move is around this pennant We either break upwards which could send us to re-test the most recent high of 0.80, or we fall out the bottom and create a huge descending triangle with the major level 0.46 as the bottom line From that...
For the bullish perspective, it has broken 1 of thje 2 trend lines down form 0.8 However if you include the wick up from the most recent high, it hasn't broke out If this was to break, should be an impulsive move upwards, remember to reduce risk trade most capital on a restest From the bearish side, it is just being supported by the bottom line of a huge bear...
The Market isn't shouting too much to me on the longer time frames That means try that 15 minute play I just posted, And watch from the sides!
Could be bullish We could have bullish or bearish break of this penant bullish break and we have or eyes on another test of $19800-$19900 or a bearish break and we enter a flat bottom triangle this could break either way though, up to market controls the white line is a diagonal SR from recent dip, will be highlighted on higher TF analysis
We have had 2 successful breakouts in this most recent run And the third formed a local top We can see this has formed a bear flag, which the downward move was 40% into it And a 40% move down would put us at the very strong S/R of 0.40 Numbers seem all too confluent to be true However, if we leave this flag I would expect a similar move, maybe it gets supports at...
BTC used the double bottom we saw yesterday in order to push on, also broke this triangle very convincingly! As they say "you love to see it"
We broke out of this triangle formation which highlighted a local top brake out was unsuccessful, hopefully next time it will be successful!!!
if it breaks the top line line of the double bottom restests and succeeds, BTC could be good to make the next push up However, if $16200 is lost, it could be a blood bath!!!
BNB is the token of the biggest exchange in the crypto industry Only provides good fundamentals and as the industry grows so does BNB Heavy accumulation at 32.83 shown by the wicks at the bottom of the candlesticks Maybe a negative trend line forming, and a bull flag to follow As long as the bull run and cash injections continue I see it rising still They bears...
Lets go BTC Good Candle pattern here New ATH inbound Up the Crypto
Left the bull flag positively Then double topped Gathering momentum again Might drop to 0.60 where lots of buyers accumulate on key resisitance Lets go to $1.00!!!