As of time of posting CRYPTOCAP:BTC is on a down day, and would need to hold here at the Volume Weighted Point of Control (Volume/Confluence). At this time it's approx $92.3K... Thoughts to add? For my opinions on potential #Upside & #Downside levels I'm eyeing, pls see text in chart notes. Any confluence from the charting community, that (kinda) lines up with...
I'm seeing this Green Daily candle push it's way up and out of the "Demand Zone", while running into some expected resistance from a recent downtrend line (Red), a couple High Volume Shelves, and some Fib levels that coincided with recent price action & short-term reversals (Within the Red Circle or Elipse, and Horizontal shaded Rectangle slightly above)... What...
*Fib Retrace & Extension based off: Low point $66,784 (Nov 4th), High point $108,389 (Dec 17th), Pulled back to $91,271 (Dec 30th). I'll maintain this range until price breaks above or below* Looks like BTC got bought up when it skimmed the top of what I have as a Demand Zone... The Horizontal Volume Bars show BTC fought its way through peak volume shelves + POC...
XRP/USD Looks to be forming another Bull Flag. Last 2 Bull Flags (shown here with Green lines for the Flags and Blue lines as poles/pointers) ended in nice run-ups... Fib Retrace on Daily shows price action pulled right back into the Golden Pocket after hitting most recent ATH. Met strong support at Golden Pocket as expected, so I'd expect it to remain bullish...
Keeping an eye on this range within the Orange Elipse on the Daily chart. This is a follow up to the chart I posted 12/31... XRP price action seems to be forming a flag after run-up (Bullish). It did get rejected at top flag downtrend line, which also coincides with some Fib levels... BTW - These fib levels were drawn to represent the price values during the...
Just a look at Fib retrace & Fib extension on BTC/USD Dec 30th, 2024.
$BTC climbing back to retest the HNS neckline breakdown from a few weeks back. We'll need some strong buying pressure here, as we're also approaching a heavy supply zone approx $45K levels... I'm bullish above $45K 🚀 It may get rejected at neckline, but that doesn't mean it's "doomsday" just yet lol There's a lot of uncertainty in Global markets + Geopolitical...
Multi-day analysis on $PTON. These are pretty low (relative) levels... Watching this into close today, to see if it holds and shows sign of stabilizing, or fades to the downside as rumors fizzle... Fun speculation: What's the better buyout - $AMZN $NIKE or possibly "what if" - $AAPL? 🧐 LMK your thoughts!
Multi-day analysis of $GOOG 2/7/21. Waiting to see how this plays out into close today... 🧐