MaximusEdge

MaximusEdge

Several confluences: - harmonic creating a downward target - ichi gaining bearish momentum - loads of liquidity waiting at the downside Don't bet against the market.

MaximusEdge

We'll likely to go sideways for a week or so until the US is done with the interest rate news and all the other BS. In the meantime, R1 level hit and R2 proved to be the next resistance. As long as we stay above the Kumo cloud and the liquidity trend line, alt season is only around the corner. This is further firmed up with the harmonic showing a bullish bat...

MaximusEdge

Enjoy the combo! Wycoff phases for the macro overview. Harmonics to wait for setup. Ichimoku or Kumo cloud for entry.

MaximusEdge

SOL and similarly with other alts are currently on a verge of a good pump or a break down before commencing any form of altseason. Specifically for SOL, it needs to close the daily candle above the cloud to have a better chance of a pump while maintaining price above it. If it fails to close, I'm expecting a retracement to a "distribution" phase. No rush,...

MaximusEdge

AVAX has closed it's 4HR candle above the Kijun or the dotted red line. Volume looks promising and if it stays above once the 1D candle closes, we good to go crypto bros.

MaximusEdge

Nice support established, if you had accumulated at the green level, you'll be sitting nicely. Time to just wait out and see how the cloud plays out. Enjoy the weekend!

MaximusEdge

Forget trendlines and shapes and divergences rubbish. The market will always, always chase after liquidity. There are still some upside in the short-term and after that, we have to see how the market develops. The past few days of pull backs were basically entry points where most money are waiting. Currently, there are PLENTY of liquidity waiting above on a...

MaximusEdge Updated 

Weekly trend is still on the downward channel meeting the upper line with resistance at $25100. This is further supported with the weak bullish RSI divergence (orange lines) on the daily chart despite bullish RSI divergence on the weekly. (blue lines) Looking at the Bollinger Band, BTC sits outside the lower band as shown in the circle which further suggest a...

MaximusEdge

50MA has crossed over 20MA on the daily chart for BTC. A weak bullish signal from RSI divergence was detected plus a reversal indicator from the Bollinger Band squeeze sent BTC to $21000. We need a confirmation on the daily reversal at $21800 and above, and close above the 50MA line. Weekly chart still has some downward pressure but if the daily is strong enough...