L3gOnD

L3gOnD

POE will need to decide which way to break this pennant within the next 20 hours. Also has a decision to make as a KD cross is imminent as well as a bounce off the RSI midpoint. A break to through the top of the pennant and POE will see a nice third wave run. Leg 1 was retraced nicely to the .500 fib level and leg 3 is looking to remain clouded at the 0.382 fib...

L3gOnD

We can see the trend channel is strong on ZRX as we look at the 4H chart the trend channel also matches up in the 1D chart. It is riding the top of the channel right now which means it is due for a correction and we also see a bearish divergence in the StochRSI as well as the RSI. I would not be buying ZRX at this price right now but on a dip to 7.5k sats where...

L3gOnD

Upon a break of the cloud I see a retest of the cloud followed by a run to old support and eventually a run to above 270k sats where the top of the cloud channel sits. Good bounce off midpoint on RSI and the Stoch is currently showing a KD cross as well as the Kumo cloud is switching bullish.

L3gOnD

BTC notoriously respects the KD crosses on the larger time frames of 3D and 1W. I would expect another cross to occur within the next two weeks launching another leg up for BTC. Would be a great time to fill some buy orders when the cross occurs as none of the previous crosses on this chart resulted in a loss when sold at the DK cross.

L3gOnD

This is a perfect example of StochRSI and RSI matching up and both signaling a bearish divergence in the past at BTC 19.8k ATH. Something great to learn from as BTC follows oscillators pretty well.

L3gOnD

Breakout of downward trendline as well as a break of ATH with a retest to old ATH. Now old ATH resistance acting as support. Should see a run from ELF.

L3gOnD

Looking at the time frames from Bitcoin bottoms matched up against the StochRSI bottoms as well as the RSI midpoints we can see Bitcoin is clearly beginning its uptrend now. It is oversold and we are seeing the beginning of its new leg up inside of its parabolic trend. The parabolic trendline is still in tact and we should see it follow its upward trendline inside...