Trump pump trap underway. Pretty obvious bear flag especially when daily RSI did not support the aggressive move upwards (news driven). No pullbacks on recent move up suggest it will retrace the entire Trump pump and then break down the bear flag. Bulltards will be in full disbelief.
3 Targets derived from the rising wedge that developed into the Trump Speech looking for a final low before the Bull Run can begin. 1) Rising wedge target ~57k lining up with 0.786 fib of that move. 2) Bear pole leg into the rising wedge gives us target 2 around 52K if 57k does not hold. 3) More unlikely we go this low but ~49k for the entire bear pole leg...
Trump speaking at BTC conference is setup to be a huge sell the news event imo. Hidden bearish divergences, CME gaps to fill galore below
Bounced too hard into .618 fib. Hidden bearish divergences on 4hr indicate could be a right shoulder here if we start sell off. Head and shoulders target around 41-43k. Cheers
Significant bearish divergences on the Monthly and Weekly chart. Bulls won’t show you this
I am shorting till 4422-4250 area NFA - Scam pump by powell on FOMC after 8 weeks in a row up - plenty of gaps to fill on downside - historic overbought levels and greed
Backtesting ascending triangle potential giant pattern #NotFinancialAdvice
XLM Has been building this potential cup and handle since the '17 top. Has Bitcoin topped and we are starting a new bear market without coins like $XLM $DASH $EOS $XRP etc not hitting previous ATH's? In my opinion this could just be backtesting the handle (Last shakeout) before really something special here. #NotFinancialAdvice
Weekly and Daily bearish divergences showed up at the top after a monumentus run. Standard head and shoulder top potential formed. Lines up with LOG fib at 990-1000 range.
Broke structure with recent BTC dump. Expecting a 1.618 extension move which coincides with bear flag breakdown if it plays here.
Absolutely beautiful inverse head and shoulder bottom. Measured move lines up with .618 fib on Gemini exchange around $221 I myself think privacy coins could go much much higher eventually when the whole BTC and DEFI craze euphoria cools down. No one is talking about privacy coins i wonder why. Are the whales trying to keep it hush hush while they accumulate?
20 percent buy wick on 4 hour candle Off of the .618 fib from swing low Closed above 4hr 200 ma after touch it first time Still within flag structure Hidden divergence on daily, 4hr
4 hr hidden divergence again showing up in a highly bullish trend
No commentary really needed on this one. As textbook as they come
Bearish Target $1600 golden retrace on the monthly if the bearish divergence on the daily stacks into monthly divergence also would be strong momentum back to downside. The entire run up we created little to no support. Sentiment most bullish of time. People think BTC only goes up. 3700 bottom in March 2020 was never remotely tested
A lot going on here on the 4 hr chart: - RSI reach oversold level of 19 and started bullishly diverging for a full day - 4hr/12hr/Daily Hidden rsi divergence higher low possible - Macd overstretch diverged and now is crossing up Possible corrective move back up before doomville?
AMD one of the best performers of the year hit a 2.272 fib extension on the monthly previous swing in '06-'08 Bearish divergence formed at that extension perfectly on multiple time frames Weekly, Daily and 4 hr. Could have a head and shoulders top/into a descending triangle possibly with a measured move of around $ 59-53 Fuck ur calls bruh not financial...