ADA is still trading in the same ascending channel since the beginning of the year with no daily closes out of this zone. We have yet to even enter the equilibrium zone of the Ichimoku cloud and are still floating nicely in the bullish zone. The conversion line and base line right on top of each other with many of the recent daily candles closing below them. But...
Your guess is as good as mine (or probably better)...
Updated previous idea on the DOT bull run-consolidation-bull run-consolidation pattern. Adjusted the fib time series to better match earlier data series. This adjustment fits the current consolidation period much better. We are at the end of the current fib time zone which corresponds to a consolidation period. So if the pattern holds, we can expect a bull run...
Textbook bearish bat on the 3hr time frame. Bounce at the local pivot points (daily and weekly).
Bearish bat formed after hitting the daily R1 pivot resistance point. I would expect a drop down to the daily S1 pivot support point (also the new weekly pivot point - convergence of these points offers strong support here) or even farther to the back to the new weekly S1 or monthly pivot. Support can be found at the daily S2 and S3. Let's see how London and New...
Descending triangle with the daily pivot point as the bottom. Looking for 1 hour close or aggressive moves out of the triangle for quick longs and shorts to the next pivot points.
Bearish cypher harmonic pattern forming after the sustained upward movement. A few ideas for levels it might retrace to based on the daily, weekly, and monthly pivot points. Bulls have shown a lot of initiative, but we might not be out of the woods yet...
Lots of room to move in March. The convergence of this weeks weekly S2, monthly S1, and the fib 78.6% (Jan. ATH) lines at 33k is happy news for bears. Lots of resistance points on the way back up for bulls. I will DCA this month in the daily S1-S1 zones and watching the BTC dominance to fall for chances with alts. Happy trading!
The previous idea on the daily time scale was confirmed. A daily close below 54.3k (monthly R2 pivot point) and the next support level would be at 48.8k, which is right were we are at. Following the same idea, if we get a daily close below the 48.8k level and next strong support level is in the 41k range. The convergence of weekly and monthly pivot points as...
The key range seems to be 54.5-57.3k A close above this range and the next resistance should be at 61k. If that is broken 68k is definitely possible by the end of the month. A close below that range and we could easily revisit 48k before moving back up again. There should be strong support here (including mine) with everyone and their grandma buying the...
DOT is looking very bullish and is working its way up this nice channel to our next goal at $60. Since the initial run from $5 to $20 it has made new highs at each of the fib levels almost exactly, then consolidating. I expect consolidation in the $40-44 range before the next break out. The fib time series lines up nicely with the daily chart, so lets see what...
BTCUSD failed to break the weekly R1 at 52.9k so we might see consolidation in the 52k range before pushing up to 55k. If the local support line is broken we might fall as low as 48.5k before really gaining momentum again. Monthly R2 (48.5k) and Monthly R3 (54.9k) seems to be the current volatility range.
Looking for ETHUSD to retest the previous resistance in 1.5-1.6k range and grab some more liquidity before moving to 2k. Has formed a massive extended W and should retrace. Good good opportunity for a short.
Things are looking up at the moment, but the bearish harmonics at daily R1 suggesting that the resistance may still be too strong. If we cannot break this daily resistance at 32.3k we should get another opportunity to buy lower at 30.7k or 28.8k as this sideways movement continues. Waiting for the big moves down to 28-25k or up to 35-37k.
Following this descending channel on the 4hr time frame since the ATH, we see that each week when the price has dropped through the weekly pivot point it has hit the S1 each time before recovering. This week we haven't been able to hold at the weekly pivot, so down to 28k we go... From that point, there should be enough interest to recover and hopefully break out...
We smashed through the consolidation triangle and are testing the weekly S1 level at 30.6k. A daily close below this level and we may be back to test 25k (Weekly S2 and Monthly Pivot). If the bulls can get us back in the 33k range (Monthly R1) we should find ourselves back up to the Weekly Pivot Point at 35k and get back on our parabolic track.