Hello, It has been a while since I have published an idea. There appears to be a diamond formation that you can see on the 15m -> 4h charts. Typically a diamond is a reversal on a large move up or down. Not saying it cannot move up more though. Time will soon tell us the answer.
Hello fellow traders, This last weekly candle is a clear bearish engulfing candle. In context with everything else; MA 200 rejection, 7 and 200 MA cross and the bear pennant formation things do not look particularity bright for bitcoin at the moment. Historically Bitcoin likes to fall and retrace to 61.8%. Off this current drop we have not made it to the 50%...
Hello Fellow Traders, It looks like we have a tweezer bottom pattern on the weekly chart. The candlesticks all line up nice and neat around 5 dollars for the last 6 weeks. There has also been a fair amount of accumulation. Furthermore, there is Bullish reversal divergence (RSI made a lower low but the price did not. These are my opinions. Good luck and have fun!
Head and shoulders pattern which looks like it can break down for a third push to a bottom. If/When it gets to 60 that could be a bottom. Breaking E gives us a rough idea of it's target which should be in the 170-180 range. This is a bearish/bullish combo.
Hello fellow traders, We have broken the falling wedge downtrend resistance with massive volume. I suspect that is the end of wave 2, meaning that this is wave 3 and we should expect a 1.618% Fibonacci rise. Giving us a target in the 1200 sat region. This wave can be extended. We have resistance at the 500,600 and 840 sat regions. Ultimately we have support...
Hello fellow traders, ADA experienced a double bottom with bullish RSI and AO divergence and broke out of resistance of its last high. It appears that it is going to be testing previous resistance. Making a new lower high is probable. Target 1: 3000 SATS Target 2: 4200 SATS Irrational Exuberance target: 5600 SATS Good Luck and have fun
Hello Fellow Traders, There is definitely compelling evidence that the tide has turned and we are starting our next bullish cycle after this long bear market. We formed an inverted head and shoulders and popped up massively liquidating many shorts that were lining up there. This current run should bring us to the neckline of the next inverted H&S pattern. This...
Hello fellow traders, XMR looks like it is going to get to 169, retrace to about 150s then hopefully take a leg up breaking the bearish trend line since December. When XMR moves, it moves swiftly, and quietly as people don't watch it as much as the other coins. Get your ladder in 155-145; BTFD and enjoy. Cheers, have fun and good luck
Hello fellow traders, The time has come. It looks like we are ready for the next leg up. If not now, very soon. There are multiple positive signs that this contraction is over: 1. Bullish RSI Reversal Divergence 2. Twin Peak on AO 3. Cup and Handle where the handle has completed (or very soon about to complete) a falling wedge with a perfect ABCDE 4. Broke up...
There are signs here that we are going to have a lot of shorts close. Someone people saw a cup and handle but that would have been the tiniest handle I have ever seen. 1. Bearish hidden continuation div. 2. AO says to get out 3. Symmetrical triangle on BTCUSD broke upwards. If/When BTC breaks 7k all hope is lost on your short. Good luck and have fun!