RockinHood

RockinHood

BTC got into the zone of low historical volume resistance, but the histogram on the NoBrainWaves is touching the bottom, and the ribbon is touching the Zero line. Because of this, rejection from 95k is possible. If not, the big resistance is just below 92K.

RockinHood

Here is one of the reasons why I expect the dump. Since this “bull” market started, there have been two trends in volume, and both are downtrends. Which creates a massive divergence with the price. The only volume candle that broke both trends with almost double the volume of the yearly trend at that moment - was bearish. Rejection from reaching 50k. Less and less...

RockinHood

Double Top pattern with target of 25800 broke down and now being retested. POC is very close to the apex (end of the pattern) and there is a quite a gap on VPVR below the current price. This pattern started with manipulation candle. That can make it both more and less dangerous, depending on the strategy of those who manipulated the price.

RockinHood Updated 

Check this out. "Satoshi" mined 1M BTC before everyone else started mining. "He" is blue. Since then, his balance remained intact. Red are the biggest mining pools; as you can see, they sold almost everything. They have 150k BTC. Green are all the other miners. And they currently own 650k BTC. Everything else is distributed (traded or lost) to the retail....

RockinHood Updated 

Double Top is a bearish formation. In this case, it's being formed on the Point Of Control (POC) as a neckline, the strongest support/resistance on Volume Profile Visible Range (VPVR), which shows what price bulls and bears fought the most. If this formation breaks the neckline, the potential target price is exactly 26000. We can predict the potential target by...

RockinHood

I tried to explain this the other day, but I made a mess, being tired and sleep deprived. First, I noticed the H&S forming on the 1W timeframe, shown by VWAP. Although it's an intraday indicator, I also leave it on bigger timeframes for this purpose. It showed a pattern IN the candles. I tried at that point to draw it on 1D, but the pattern wasn't so obvious,...

RockinHood

The price of BTC broke down from a bullish ascending channel. Right now, it has a VPVR resistance at the 28550-28450 level range, which, if broken, leaves the price without significant resistance until 28000. Trend waves are exhausted at the one-hour timeframe on my indicator at the bottom, so rejection is possible at this point, but the four-hour time frame is...

RockinHood Updated 

Looking at the weekly chart, I noticed a clear H&S pattern on VWAP. VWAP is an intraday indicator, but it can show a pattern in larger frames, like now. I was trying to find a way to draw and measure it clearly on commonly used timeframes, but it is most apparent on a 2h chart. As you can see on VPVR on the right, the neckline is below the 27100 resistance,...

RockinHood

Inversed Cup and Handle is a very strong bearish reversal pattern. I should have noticed earlier, but I do my own analysis and was looking for something else while this cup was being spilled in my lap. Why am I posting this late, then? Well, there is one crucial thing left on this chart. And that is that this pattern has a target price target of 27600, which is...

RockinHood

In this chart, I used Fibonacci Channel and VPVR to show the current trend's confluence between support and resistance levels. This is the current playground. I will not be overexplaining since this is only an observation.

RockinHood Updated 

We have a school example of the bear flag formed on under-hour timeframes, and it targets the price of 28300, which perfectly fills the gap in historic volume shown on the VPVR on the right.

RockinHood Updated 

Head and Shoulders fully formed in 15 min timeframe. Neckline is a VWAP that is being broken and retested at the moment. The target price of the formed pattern is below 28650, which is the beginning of a VPVR gap on the right. Fibonacci 1.618 regression support is at 28300, a target price of the bear flag I posted about yesterday. You can see it in the link below.

RockinHood Updated 

We can use candle patterns on the oscillators too. On 1h my waves oscillator, we have a double top, ideally rejected from the 70 lines, and it broke down the neckline. A pullback in strength could go below a zero line. In that case, aggression (grey wave) would be rejected in the area of -50 to -70. The head and shoulders pattern formed on a 15m timeframe, and...

RockinHood

This is very simple observation so I will not get too much into it, because chart speaks for itself. The fact I remain bearish doesn't mean I don't trade along the current trend. I'm saying that despite everyone on social media yelling bull run, I see bulls, but they are not running.

RockinHood

I continue to be bearish and, by all my logic and knowledge, think that this market has been heavily manipulated since the Genesis bankruptcy. Just think about it. The moment when the biggest crypto lender needs to liquidate their assets, the price goes up. Also, if you follow the social metric, you know that creators of the crypto content are struggling to get...

RockinHood Updated 

Double Top is almost formed, and Powell's news could bring this formation to its knees. The target price is 25800, where VPVR shows some resistance, but right under that is another hole in VPVR all the way to 25k. At the same time, waves on 4h chart crossed the local top, starting a jump from 50 RSI level.

RockinHood Updated 

H&S developed the top of the right shoulder. Based on the current sideways action, it could be invalidated soon, but we also need to consider a current FUD around USDC. A price target is in the low 19000s, Which corresponds with yesterday's invalidated double top formation.

RockinHood Updated 

The double top we had was invalidated twice, creating a smaller double bottom pattern, which is already broken and now retested. A potential target is 20320, and above that price, we have a big hole in VPVR, which can help the price rise above this level too. To me, this seems like a fake out, based on the waves indicator at the bottom, but the long option is possible.