DOCK/BTC Buy - 274 T1 - 282 (3%) T2 - 289 (5%) T3 - 295 (7%) T4 - 301 (10%) Stop-Loss - 265 (3%) P/L Opportunity Upside: 3-10% Downside 3%
Chart points out a few things to pay attention to as we run up to the ETF decision on Sep 30th and the opening of Bakkt in November. (pending regulation)
ETC price has retraced and begun to form a falling wedge / bull flag. Stochastic RSI - Bottomed out and although there hasn't been a bull cross yet, I would recommend watching some of the smaller time frames to look for volume confirmation that would cause the signal line to crossover. RVI - The relative volatility index indicates that price volatility has...
After the ETF denial there has been continued FUD, fear selling, and about 30~ billion has retreated from the market overall. Currently, the price broke it's 8k, and 7.5k support, and it's next level of support lies at the 7k-7.2k level. Stochastic RSI - This is the lowest level the stoch RSI has seen since 5/28~ which means we are very heavily oversold at...
On 6/29 tweezer bottoms began forming on the weekly charts of BTC. There was also a strong buy signal on the stochastic at that time. Since then, MACD has exhibited a bull cross. The first one since December. Why is this important? Because that MACD is a lagging indicator. It's does not pick up quick market movements very well. Therefore, it is much more...
Price has gone higher than the 8k~ range it has been moving through the past few days. However, there are quite a few varying technical differences in this run that were not present in either of the past run ups. For example, the Kumo is much less volatile on the daily charts. Kijun & Tenkan are acting as support although they are ranging and hint at some...
Yellow = Buy Zone Green = Sell Targets Red = Stop Loss P/L Potential Downside = 5% Upside = 6-16% Risk = 4/10
Yellow = Buy Zone Green = Sell Targets Red = Stop Loss P/L Potential: 12% upside 4% downside Risk: 4/10
The price of Bitcoin formed tweezer tops (reversal pattern) 3 days ago, and after the FUD news in regards to ETF denial of the Winkle twins, we saw further consolidation down to the 7130 price point. There are two channel that contain the price currently. A larger ascending channel that the price is still within, and a potential downward channel. However, I...
Yellow = Buy Zone Green = Sell targets Red = Stop Loss Risk 5/10 (50% chance of success)
Yellow = Buy Green = Sell Targets Red = Stop Loss
Yellow = Buy Zone Green = Sell Targets Red = Stop Loss
Yellow = Buy zone Green = Sell Targets Red = Stop Loss Tweezer bottoms (Green Box) - Reversal pattern Falling wedge - Reversal pattern Stochastic RSI low. Bull Cross RVI - Need to break resistance to confirm continued momentum upward. Smaller timeframes are overbought which should pull the price back within to buy range before continued upward action.
The senkou span A is curling up indicating lessening volatility and this is confirmed by the RVI as it approaches a point of support. However, Senkou Span B is continuing to range horizontally but that is due to it being a slower indicator than Span A. Currently, the price has the Kijun indicating upward momentum and acting as support. Furthermore, the Tenkan...
There's a wonderful inverse head and shoulders currently taking shape on the daily chart. IH&S patterns are trend reversal, breakout patterns. If the price runs up the right shoulder, consolidates, and breaks above the neckline on the other side. That would be taken as a confirmation of trend reversal. However, one should keep in mind that this is a long...
Yellow = Buy Zone Green = Sell Targets Red = Stop Loss
Yellow = Buy Zone Green = Sell Targets Red = Stop Loss
Yellow = Buy Zone Green = Sell Targets Red = Stop Loss