Hi, Bitcoin has swept 48k level which was followed by a strong break in daily structure. The price is now balancing liquidity within d1 gap. If the price fails to push the price to new highs now, it should trending down from here. possible mid-term targets are: 40222 - previous range lows 34025 - 50% of the weekly move, weekly gap, volume gap (most...
-the price filled monthly & weekly gaps -crossed 50% point so is now on the expensive side -reached into previous distribution range -low volume on all exchanges -the price will most likely find a local top soon, or top is already in bias is down from now on awaiting shift in daily structure for now standby
Hello, In my opinion after yesterday's drop lower timeframes are showing strength, which makes me think that bitcoin might be preparing for a bigger move up in the upcoming days/months. This is a very early assumption, because first we need to see: 1) a breakout from current local range 2) re-accumulation higher If the above won't happen, the idea is invalidated.
Doge has reached into previous distribution range and broke market structure. Setting 0.071x as main target. Stop above previous high.
APT is retesting it's first distribution range since listing on Binance and is now headed lower. Possible targets: 8.27 (safe exit) 7.70 7.25 -lower Stop above previous swing high.
OI divergence on today's drop. Possible reversal soon. * the arrow on _OI was supposed to point down lol
Levels to look at for potential setups: longs: whole D1 VA -- 1257, 1086, 988, 758 shorts: 1409, 1557, 1696, 1853
It seems like over the last 2 weeks bitcoin has been working on some sort of flat correction. What we're seeing right now is most likely a final impulse that leads to confluence zone of 32-33k with a lot of extensions there, previous highs awaiting a sweep and a price gap/1d. This move should see exhaustion soon, and most likely will be followed by a drop to the...
Keep in mind that the whole move is considered to be a bearflag which in theory should lead us to believe we're going to break down eventually But in my opinion the accumulation at lows is way more apparent than distribution at highs. Notice, that the two previous wicks at the bottom were immediately bought back causing rapid recovery, while tops have been rather...
The idea here is that the whole price action since March 2021 is a running flat correction and is about to fill it's last (5) leg of wave (C) Fib extensions are pointing at about ~0.81 as potential bottom . Even if the idea is wrong, the price is about enter previous zone of accumulation, so it's likely that soon we'll see a bounce anyway👍
The price reached previous accumulation zone and formed an expanded wedge (increased volatility) If we see a breakout from the formation followed by a successful retest of current local resistance (~0.38) we can expect another bullish wave soon.
BINANCE:PHAUSDT is on the way to 0.33x area to test dynamic and static resistances as well as EMA 100; and possibly try to break out from the channel. But rejection from this level shouldn't come as a surprise either. If we see a successful breakout, we can expect further continuation to the upside in the near future (too early too speculate) Long term targets...
In my opinion BINANCE:RUNEUSDT rally needs to take a break. The last 3 day the price was moving up in a rising wedge formation with lowering volume and bearish divergences all across the board. The price just broke the dynamic support and I think it is now headed towards 8.00 - 7.00$ to complete wave (4) Take profit: between 8.00 - 7.00 !!-- always DYOR and...
On a bigger scale the price can definitely go for one more leg up, but I think before it happens it needs to correct further down. This gives us a potential short opportunity. Trade idea setup: (visible on chart) Take profit: between 23.00 - 22.60 !!-- always DYOR and remember about risk management 👌
The coin was listed during strong downtrend in crypto market. It is most likely highly undervalued (if anyone cares, just saying) Near-term targets: TP1: 1.22 TP2: 1.41 Long-term: Waiting for the situation to develop..
The price reached strong support, left is previous trend forming a potential double bottom there (confirmation after breaking above >0.10$) Multiple bullish divergences can be spotted on various indicators => (RSI,MFI,OBV) The divergence on OBV is insane. - The chart with longer price history from Bitfinex BITFINEX:DATUSD (different ticker) looks ok (the price...
CRYPTOCAP:BTC.D reached an area of strong resistance. The confluence of levels in this zone along with a bearish formation (descending triangle) favors a bounce back to 39% If it breaks the resistance (~44.50%) we can expect a quick rally to 49% The next few days/weeks will tell us more about where we're headed. !! be prepared for a small altseason🤑 as well...
Recently the price reached last zone of support (blue), 1.618 fib extension, and node of high volume. After 200 days of downtrend, this could be a potential reversal zone. It won't be easy though, there's a lot of resistance ahead. 🟢 If price action turns bullish I expect the ~1.60 area to be a local top, then another break above this level would confirm a...