L3gOnD

L3gOnD

I missed this but this is a beautiful cup and handle formation along a long-term support/resistance. Break out of the neckline saw a lot of volume to confirm the breakout. Looking to enter on a retest of the neckline around .00001170 SATs. Otherwise it may run to complete the formation just below 0.00001400 SATs.

L3gOnD

One of my favorite things to do is invert the charts to make all biases non-existent. Here we can see BTC is in a solid bear market (which on the inverted chart is a bull market). BTC is still in a downtrend. Lets not forget the bigger picture. This is not to say that BTC can't create a reversal however as we see on this chart BTC is constantly making higher...

L3gOnD

ETC looks poised to make a next leg up. Green Box (Long term support/resistance): After breaking through a major support level with solid local volume we are now retesting that level, likely to turn it to resistance. Ichimoku: The Kijun and Tenkan have both been tested (price has currently dipped barely above them) and they both reside in this major support box...

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RSI Divergence: We see a bear div on the RSI as BTC made two higher highs while the RSI made lower highs each time signalling a top may be in for the short term. Green Box (Price is there): There has acted as a strong support and resistance in the past so it makes sense BTC will need to cool off here as it may take a little more effort to get through this...

L3gOnD

Light Blue Channel: Long-Term Trend Channel. Has been support 3 times since 2016 and resistance 9-10 times since 2016. Also the top of the channel acted as support after being breached in November. We broke out to the top during the BTC crazy run but now have found our way logged back in the healthier channel. White Horizontals: 6k Area: Previously resistance...

L3gOnD

This is just a look at how BTC has performed previously when the Stoch RSI has a KD cross from the oversold levels on the 3-Day chart: This set-up has triggered immediate bull runs each of the past 7 times it has occurred with an average climb of around 152% which would put BTC right at about 20k where all time highs are. There is no telling what will occur or...

L3gOnD

Got in DNT on the break of the cloud with massive volume as it got above the Tenkan and the Kijun and had just come out of its long-term accumulation. I do not see much in the way to stop DNT from rising until the edge of the Kumo cloud where the VPVR shows resistance as well. I personally know 0 about this coin fundamentally, but it is/was too good of a setup not...

L3gOnD

ZEC has broken through an Inverse Head and Shoulders formation and is currently retesting the neckline which also has been a strong support/resistance line. If this hold we can expect to see ZEC move to the next order block which is coincidentally where the inverse head and shoulders target would also be. The only issue is that the volume was not there on the...

L3gOnD

There are two main divergences appearing on BTC: Both are Bullish First divergence (blue lines): We see a rather large bullish div over a long time-frame. This is actually better seen on the 3D chart, nonetheless it is still there on the 1D chart. BTC is making a higher low in price but the oscillators are making lower lows, meaning although there is more selling...

L3gOnD

The bottom trend line of BTCs larger trend (bottom light blue line) has been broken on January 16th. It appears it has been support switched to resistance as it was retested January 18th. I am currently watching this "bear flag" channel (yellow lines) to see what BTC will do next. A break above the light blue line (around 12k where flag currently is) with some...

L3gOnD

Yes, Tether chart for Binance. Head and Shoulders (Yellow): The volume profile is not quite textbook as the volume should be largest in the left shoulder and descend until breakout but the steady volume and then rise in breakout volume at the breakout is not far off. Also, usually the H&S is at the peak of the uptrend and we see this was almost a second H&S...

L3gOnD

This is BTC inverted and it screams buy which means it is a sell (or not a buy). Inverting a chart is a great way to take out bias and I have scaled out of my BTC and crypto expecting another dip. I am still bullish BTC long-term but I am not bullish BTC in the current form after today's price action. The numerous tests of the 11.6-12k region that could not break...

L3gOnD Updated 

I realize this is tether. BTC has turned bearish. Falling out of the wedge and falling out of its short term wedge after getting rejected numerous times today around 11.6-12k USD (not tether). I see a dead cat has occurred and I do not see a run coming. Volume today could not push BTC up and we likely will retest 9k tether levels (9200 USD) and then around the 8k...

L3gOnD

Another day and BTC is still trying to make up its mind. Here is what I am currently following in the mid to long-term graph. I have found the 3D chart to be a great indicator of what BTC is up to. Price is currently at its lowest point since the end of November, when all the media and retail money was flowing in from Holiday trends as well as the lead up to...

L3gOnD

The pattern is almost a mirror image of July. However, if BTC does not get real buying volume then it will head back and retest the 10k area. Buying volume is needed, urgently.

L3gOnD

Summer of 2019 will be lit!

L3gOnD

Volume profile isn't there but the patterns look solid.

L3gOnD

Are you buying this? I am not saying this is a parabolic asset, however it still is in a weekly parabolic trend. Ichimoku (Bullish): Kijun has routinely operated as a strong support for BTC as numerous times we have seen touches or attempted touches with long wicks to the Kijun. Tenkan is over Kijun, cloud is green, lagging span is above the cloud and above...