L3gOnD

L3gOnD

Market: BTC is in a correction that we have seen many times. It is not yet time to panic as BTC has shown numerous times in the past that healthy corrections are due after run-ups. This is a young market and when hundreds of billions of dollars come into the market in a matter of weeks or months then a correction will follow, especially when a lot of those people...

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I mainly post these divs on these short time frames for my own viewing later. But another divergence has occurred and trading BTC has been very profitable the last two days off of these. That support level around 9050-9100 is very strong. Using Tether due to Binance.

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These Bull Divs have been very telling the last two days .

L3gOnD Updated 

Bear divs on RSI and SRSI...MOON!

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One Idea: One of my first charts was one similar to this. BTC has notoriously dropped around 40% of all time highs on this current uptrend. Each time it has fell to the RSI midpoint as well as a massively oversold StochRSI. The midpoint RSI has bounced the previous four times as well as a KD cross has occurred simultaneously to see a strong uptrend rebound. The...

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Bitcoin is in dire need of high volume green candles. Could see a Kijun and Tenkan test around 15.2k which could also coincide with being the top of a right shoulder and also the top resistance line of the descending triangle and also the top of the Kumo cloud. This resistance level will be extremely strong and will take significant volume to break. Overall, not...

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Notes: RSI: Bear Div lead to the downfall from all time highs. Candles: Double doji at the top was confirmed to the downside by the third engulfing bear candle of the dojis. Trend: Currently in a bullish channel inside the overall bearish channel which could very well be a bull flag. Descending Wedge: Volume is relatively low and no RSI or SRSI divergences are...

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Need a breakout through this wedge here or WABI could see continued retracement. A rise through the wedge could lead to a KD cross as well as a bounce off the RSI midpoint and to/through the pitchfork midpoint. Volume is not there though.

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Currently channeling between trend channels. The buy zone listed before would have been good for a nice quick trade from the bottom of this current channel to the top which this channel top is the midpoint of the overall pitchfork. Currently EDO is battling against the 50EMA (I used a 48EMA previously) it has battled with many times in this trend. Could see it...

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Possible double top and tweasers on corn. Barely afloat.

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Breakout to the top of the pennant could lead to another LEND run. This is its biggest pole and accumulation so could see a pretty substantial run if the pennant is broken upward. If broken downward then could see a big downtrend.

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Inverse H&S forming. Chart is on log which is why the target line seems smaller than the head to the neck line. If able to break the neckline which is also a strong resistance then ZEC could head for the other side of the Kumo for the edge to edge trade and ultimately break the cloud as the TK cross has already taken place. Fundamentally anon coins should be big...

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Will check back.

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Had a bounce off the Kijun which signals good bullish momentum and continuation. Also currently forming a descending pennant as the volume aligns with that as well. A break of the pennant and we should see the next target at the 1.618 Fib level of the previous retracement which also happens to be the same distance as the pole.

L3gOnD Updated 

ICX marketed as the NEO of SK is nearing a breakout. Long-term hold but in the interim if it can break it's resistance level then I see it reaching it;s 1.618 and 2.618 fib targets from its previous downtrend. StochRSI and RSI signaling bullish as well as the EMAs.

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Breakout of a falling wedge in a previous uptrend. However volume is not agreeing with the breakout and we can see a bearish divergence is occurring on the SRSI and the RSI is not signalling heavy buying either. Volume indicator shows this as well that they buying is not there. Something to keep in mind is a break of a wedge/channel or pennant/flag should also...

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ETH showing signs of a pennant in the 4H as volume is waning and a triangle is occurring. Bullish hidden divergence in the oscillators as price is making a higher low and the RSI and SRSI are making lower lows. Signalling oversold yet price is increasing. A KD cross on the stoch may coincide with a break of the pennant which could lead to a wave up near old ATHs....

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Charting