Bullish divergence so me thinks we could get some small upside soon...
RLB or Rollbit is in a ascending channel and, looks like an accumulation cylinder has formed, also ascending triangle and potential inverse head and shoulders. Good coin, makes a lot of income from their casino and derivatives exchange and feeds a % of profit back into RLB stakers. New lower low, or break of channel would be my exit/stoploss.
Drawn out the levels which I am watching over the coming weeks. If we get a weekly close above 26k I will be more positive. Trend is still upwards until 25k support is lost and we set a new lower low which could be seen as the bear market rally well and truly over. We do have bullish divergence setting in the short term which is positive, especially with price...
If the trend really is your friend I would expect a big move from BTC any day now looking at the global market cap dominance of BTC over the rest of all other cryptocurrencies. Unless the bitcoin ETF is denied, or another catalyst comes in to break the momentous BTC dominance trend thats been happening recently. NFA -Just a friend snapshotting the trend
Some nice momentum from COIN, breaking long term diagonal resistance and now challenging local horizontal resistance line near breaking out of a ascending triangle pattern. Looks juicy, still to see the daily to 3 day candle close above this local resistance and form support. BTCUSD Cryptocurrencies Crypto ethusd
OG DeFi Play ALPHA has had some stick recently trying to get some funds back from a partner but prices is still showing some decent wicks up which appear to be getting sold as it comes inclose to the long down trend line will price action push above for a miracle breakout? Showing some bearish divergence which doesn't bode well for potential upside but at the...
Looking at 2019 vs today (2023) I can see som similarities on the chart. Ichimoki Tenkan-Sen crossed up above the Kijun-Sen as per 2019 RSI hit around the same (70ish) as the pre rally in 2019 Huge potential cloud incoming - seeing a 4d candle close in the cloud could be seen as bullish Sitting right on a long term diagonal trend line of which we had...
Some basic support and resistance analysis followed by layering the fib retracement shows confluence between the charted lines based on recent price history from 2020. 100 being the down target and 108 being the possible up target. If we get a drop down on the DXY I expect risk assets to continue another leg up. If we break through the upward resistance I expect...
Possible Accumulation Cylinder looking at the charts. Its hard to draw precisely so I could be well off! Worth seeing if it plays out though.
Breaking out of long term diagonal down trend and (potentially) turning resistance into support. Looking for a breakout of cloud next. SL is bottom of cloud $244
Spotted a pattern that reminded me of the out of no where drop that hit back half way through the 2021 bull run where everything crashed around May if I remember right. It was clear as day after, but at the time no one I followed or knew called it in time. I am not a Wyckoff expert but doing a little mirroring I can find a rough pattern that resembles Wyckoffs...
What a crazy time to be alive. The economic systems at full stress, inflation maxing out, uncertainty, nukes, peace talks, cost of living crisis, expensive electricity and gas in a only recently COVID recovering world. First thing I point out for everyone expecting a large drop of +-50% is that we have some strong incoming support for total market cap - Longterm...
Looking back in time we can see that resting on the top of previous ATH has been a strong point of support, I mean we have been 17 weeks or so rested here now! Looking back in time we can see that we always have got the 84% (roughly) retracement soon after the 70% (roughly) retracement. History would put the probability high that happens again. I would certainly...
ENS has been great to trade, its kept roughly to margin pressure levels and has been trying to break out from this downward resistance for a long time. Looks like some inverse head and shoulders which is a bullish pattern Crypto market needs some liquidity for this to continue and rally higher. Etherway theres a trade for up for down with ENS. I like ENS as...
Crust has found support down in this range and is forming a falling wedge pattern which is a bullish pattern. It's also down 99.6% since its ATH $178!? Theres been small volume coming in, its been in a range and is about to test its long term downtrend-line. This is a legitimate WEB3 Project which has been building the whole time They have kept active in...
Market is poop, but this could indicate a potential bottom for XNO seeing how the next week or two plays out. NANO is a long term HODL and accumlate for me, Bottom of the channel is the less risky place to buy. NFA. Bullish divergence on RSI along with some bullish activity on total market cap will be the clear indicator for me to go long. Just ideas of...
After yesterdays rally it could be that we have hit a possible top in the rise of 10Y Govt Bond Yield. If this is correct it could signal a possible continued rally in more speculative investments. If it breaks above and continues up this logic will be invalidated, and further downside to speculative assets may enroll. Not financial advise, just an idea, I...
The 10-year Treasury is an economic indicator. Its yield provides information about investor confidence. While historical yield ranges do not appear wide, any basis point movement is a signal to the market.