Madmantrades

Madmantrades

As we are closing in to key resistance area we can see that we are getting a lot of smaller bodied 4H candlesticks. This is indicating a weak buy side and that we are looking to top out! We also got overbought on the hourly RSI and the MACD has flipped bearish Combining a crocodile tooth shaped formation taking form on the 15min, a rejection from the...

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Keep in mind: With a big daily bearish engulfing candlestick we are most likely to continue the downtrend for the coming days. Looking at the RSI (daily timeframe) it is clear that we now are in a downtrend from previously being in overbought territory. We are most likely to go from overbought to oversold on the RSI and are now looking for a big downward...

Madmantrades Updated 

Looking at the bigger timeframes (4H) btc has been rejected on a major resistance level. This could potentially bring us back down ton the green support zone. But I am safing it and taking profits at the yellow downwardsloping line. Looking at the 15min it looks like we are making lower highs and soon to be lower lows. Looking at the 5min we get reminded...

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With the RSI being overbought on the daily and the MACD getting ready to flip bearish too, we are seeing the price of btc starting to correct. We just broke past the 95,5-96k support zone flipping it into a resistance zone. We broke through, backtested (doing it by the book!) and are now heading towards lower lows. Btc has been pumping lately but keep in mind...

Madmantrades

Btc recently had a nasty breakout from the given range. This made me think that we would drop hard and go deep into the abyss. But it turned out to be a fake out. Looking at the charts I can see that we have an ascending triangle within a bigger ascending triangle. The MACD and RSI is also looking bullish. I went in with 200x and at the time of writing. I...

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I see signs that we are ready to retest the demand zone between 56600$ to 59600$. These signs include the breakout of the descending triangle and a breakout of the micro trend. We also have a huge M pattern in play even at the 4H. What I look for is to at least get a double rejection at 58244$ and is eyeballing 56,6k if we dive deeper. As I saw the bearish...

Madmantrades Updated 

It looks like btc is bouncing off key support at 56500-59500 usd. Key resistance is now at 72-74k. It has stayed in this trend from going in between these zones since late February (last 4 months). The RSI was also oversold at both 4H and daily. We are now looking for the MACD to flip bullish at higher timeframes 4H-1D (it is already bullish at 1H). When btc...

Madmantrades

From my previous post where I started out having a bullish tunnel vision it actually ended up with me continuing to short bitcoin and make a really good ROI. Now that bitcoin has been gotten rejected from a strong resistance zone and has also created a big descending triangle I think BTC is ready to rip to the downside. It is currently backtesting the resistance...

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Hey! Looking at bitcoins price action from march to June I think most people would predict a downtrend back to 60-61k. In my opinion we do have strong support in the 66k zone. Which we are now bouncing out of and upwards! Combined with an oversold RSI on the 4 hourly and a weak bearish Macd (that will soon flip bullish). I would assume and have already put money...

Madmantrades

Judas coin has been surging since its recent creation and at the time of writing it has been backtesting support and is now looking to make a new all time high. When the price was at 0,0004026$ I owned 145$ worth of Judas coin and is currently in the greens. Name coins has been surging recently and with the famous name «Judas» it is not an exception. Since the...

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Mana has a long way to go deep down into the abyss. It has currently broken a key support level and it is a long way down to what I would consider the next key support. MACD is also bearish on the daily and RSI is looking to go down into oversold territory.

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On a macro level ftm has been breaking out of a felling wedge (bullish). On a micro level we can see that ftm has broken out of a small capitulation trend (bullish). We are now looking to get a nice 4 hourly close (as well as a nice daily close) and then the bulls could really get released. We also have the 4 hourly macd flashing a bullish signal.

Madmantrades Updated 

BTC is currently breaking out of a rising wedge and accourding to my analysis in «deep into the abyss» we should be going down

Madmantrades Updated 

We did get a bearish engulfing candlestick on the hourly timeframe. This happened basically out from the resistance indicating a continuation of the downard trend!!! Macd has also flipped bearish on the daily and the rsi is indicating a sell signal

Madmantrades Updated 

Since the bulls have shown strength and have sliced through the resistance like butter I am now long 10 x

Madmantrades Updated 

Having a look on the daily timeframe we can see that we got a couple of small red candlesticks with long wicks. This is indicating that the trend is about to change (bullish). Remember that the bigger the timeframe you analyze the more significant it is. When looking at the 4 hourly timeframe we can see that we got a big red candlestick followed by a couple of...

Madmantrades Updated 

MANAUSDTPERP is a highly speculative crypto. As we can see in the chart we did get a bullish engulfing 4 hourly candlestick that bounced out of the macro demand zone. This is indicating that the trend is about to change (bullish). Around this area I entered a trade with 5x leverage. Price pushed upwards and after that it started to consolidate. I believe that...

Madmantrades Updated 

BTCUSDTPERP is a higly speculative crypto The price moved down to a key support level and on the 15 min time frame we got a bullish engulfing candlestick. This is where I entered a trade with 10x leverage. I think the price will move up to the next key resistance level.