Broke the neckline on 20th of october on greater relative volume and has been retesting the neckline as support (or close to) on greater volume a few times since! Looking back in history we are statistically entering the most bullish week of the year... how will the statistics look this time? IMO this horse is now trotting... ready to hit the gallops! Im...
Daily chart, clear breakout of the Ascending Triangle on the friday on relativly good volume but nothing crazy... still in the summer doldrums. Resistance at fib 0.236 level Bullcase: Shortsellers liquidation levels are concentrated at around $70k and marketmakers are incentivized to run prices up to those levels to grab their bags. Target: 71k, coincides with...
Symmetricle Triangle on the daily chart. Breaking up or down? Bullcase: what speaks for a breakout to the upside is that the shorts liquidation levels are up around $70k which most likely is a area of interest for the marketmakers wanting to make hence meat by liberating the shorts of their holdings. Target: coincides with the range high at $70k Bearcase:...
Inverse Head & Shoulders pattern printing on the sell the news event on Ethereum ETF as it starts to trade. Validation of the Inverse H&S is on breakout of the neckline at $3451 (+/- 30$) on high volume and preferable later a retest of the neckline as support The invalidation of the Inverse H&S is a candle close below $2930. We might go there as Grayscale...
Start forming a Cup & Handle pattern. Waiting for the handle to form and as well the confirmation when breaking the upper resistance trendline on the handle Target: in the area of $440 - 470
I think BTC is in accumulation fase and what im looking out for is price to make its next higher low and in doing so I believe it is a good chance we print a Inverse Head & Shoulder pattern before blasting of to the range high around $71k sometime in september. On the 2h chart price is on its way to print a Head & shoulders and if confirmed the price target is...
More or less a picture perfect Inverse Head & Shoulders may be on its merry way to print on the daily chart. Volume is also fizzeling out on the head and shoulders so not much interest in selling in to it further. Waiting for confirmation on breakout + retest of the neckline as support.
Close below $3.9 first signal of possible head & shoulder is in play with a target of $1.4 that coincides with horizontal support zone ($1.4-$2) waiting to confirm a downwards bounce from $3.9 what speaks against continuation of move down is (if confirmed on daily close) Bullish Divergence on RSI / Priceaction and that volume is not high compared to previous...
Depending on when the pivot point actually sets in we are looking at Bullish Divergence on RSI / Price starts to print on the daily chart.
A bit of a long reach but why the heck not! If confirmed, an Inverse Head & Shoulders with a target of $73 is in play. these wild swings in the chart are most likely signs of heavy accumulation while not wanting to move price too much... yet.
Monday 24:th of June INJ printed Bullish Divergence on RSI, comfirmed same day. Piossible trend-reversal.
Printed Bullish Divergence on the RSI on Tuesday 18th of June. Signaling a possible trend-reversal. RSI momentum picking up last days