Currently, KNC is testing the .618 of the previous move. Given the current action in the market and the previous EQ bottoms occuring in the Daily OS RSI area for KNC, I'm expecting this to retrace passed the golden pocket and test the .786 area at 16.759k sats. As for a target when the next weekly bottom is in, every bull move prior from the bottoms atleast...
Everything is looking solid here from the historgram, to bullish rsi divergence, to increasing bull volume, to a higher low being set on the daily. As long as ETH can keeep setting higher highs and btc can stay at the very least stagnant. This looks like a solid short term winner! Will be keeping tabs on the 4 hour MA 4. My first target is 25.3k sats
Pending a 1 hr bitcoin higher high, BNB is due for tapping on the 15$ door IMO
Lots of strong bearish volume candles with some major nasty wicks. After no follow through with the higher high this morning, it looks like the market makers are trying to muscle up for some consolidation and likely a new 4 hr EQ pattern!
We have been in a 15 min channel all morning since the downside on btc began! We are currently close to OS on the hourly and likely testing the top side of the channel real soon! I'm definitely hoping for a bull break here because a daily bearish engulfing candle would not be good for the markets in the short to mid term.
BTC is currently setting up a pattern for a wider bull flag channel or a possible bearish consolodation channel. A short term 5 min descending triangle pattern is also possible to find more footing to establish a longer term time frame. Considering ETH has been leading the markets bull run and is currently setting atleast 5 min lower highs and lows and is...
With a current bearish engulfing hourly candle and what appears to likely be a lower 1 hour high being set, ETH looks like it might be moving towards more long term consolodation especially if btc continues to struggle to get over its 1 hr EMAs as well!
Considering we just had the 4th biggest volume bear candle we have had all day and the biggest bear change in price action we have had all day and had a perfect 15 min doji rejection right off the bitfinex log trend line from the ATH, consolodation time potentially could be about to happen. Should no soon!
If bullish it will likely run for as long as btc lets it.... if bearish it will likely bounce off the 4 hr lower bollinger band or 4 hr 55 ema for a quick profitable flip at the very least
Bitcoin broke bearish out of its prior ascending channel and appears to be setting up for a possible 1 hour Head and Shoulders pattern for some more long term consolidation. It also rejected from the previous channel lower bound upon a retest and the 26 1 hr ema. It could potentially play-out on the 4 hour time frame as well which would obviously take more time...
Spy broke bullish from its ascending triangle pattern and QQQ could be following suit by breaking bullish on this C&H. QQQ has clearly been making higher highs on the longer time frame charts and will look to continue those patterns with a bullish break here in my opinion.
The Crypto Markets appears to be turning around and breaking out of the bear market relative to the daily time frame! This is the first time since the all time high that the a daily candle has closed above the most conservative of daily bearish downtrend lines! We also had a daily inside bar break bullish in the current day candle to confirm the break of the...
The bull party is running out of time to salvage this potentially sinking ship. I am of the opinion that bitcoin needs to start gaining some ground if it doesn't want to be sub 5k within the next 2 weeks. The bulls need to prove they can change the trend or the bears will take a lack of volume as a sign to crush down bitcoin even more. We are approaching a 4...
Major pattern over the past 1.5 weeks regarding a lot of dump action at basically the same time everyday. P&D / Collusion Schemes possibly with someone not observing DLS??? I'm inclined to say yes! $BTC
Major pattern over the past 1.5 weeks regarding a lot of dump action at basically the same time everyday. P&D / Collusion Schemes possibly with someone not observing DLS??? I'm inclined to say yes! $BTC
Crucial point for BTC is coming up. Given we have already broke the bottom line of the 1 hr bear flag and have declining bull volume presently, I'm learning towards the bears being in control still and idealy setting up a double bottom for BTC to finally get some long term bullish moment going.
We have 2 separate RSI trends currently battling it out on the 15 min time frame. Frankly i think we are going down more to hopefully set a 4 hour higher low somewhere around the 8450 - 8550 range which should line up with some the outer range of the hourly bollinger bands. The key indicator that has been sending us into a bear attack these past couple days has...
All i know is we are setting a 15 minute lower high inside a 1 hour bear flag.... thats bad news bulls... good news bears! Here we come to test 9k / 8900 IMO