Worth_The_Ri5k

Worth_The_Ri5k Updated  Jul 30, 2020

Symmetrical triangle on LINK, it looks bullish to me but need to consider that GOLD, SILVER, BTC, ETH are on the verge of breakout, they are closely tied and a viotaile BTC move can see alts take a hit which could see this setup play either way.

Worth_The_Ri5k Updated  Jul 30, 2020

ADA Shelley hardfork in 2 hours, its already pumped and i would avoid buying unless we see a very clean flag structure play out. If the flag structure does not appear or breaks downwards i will expect a sell off on ADA to test the lower zone again which is the top of the consolidation before we broke out.. if this happens this is the level to look at the next...

Worth_The_Ri5k Updated  Jul 29, 2020

Keep a eye on the price action of Gold here We may form a bull pennant.

Worth_The_Ri5k Updated  Jul 28, 2020

Bitcoin broke out of a earlier bull flag now seems to be painting a bull pennant or falling wedge. The 15m stoch and RSI is in a good position to consider the scalp and we are also on the previous supply zone so if it holds we can see this attempt to play out Keep a eye on the price action

Worth_The_Ri5k Updated  Jul 28, 2020

EOS is trying to put in a ascending triangle. Pay attention to the price action we may rejeciton off the upper resistance soon of the triangle where we can then look at the long opportunity if the diagnol support is respcted. Otherwise a breakout upwards now looking at support resistance flip.

Worth_The_Ri5k Updated  Jul 28, 2020

Ethereum at a significant resistance here, to me it looks like we are in for some retracement. Keep a eye out for a possible SR flip at one of the below levels and a stoch/rsi reset on Lower timeframes if sell off does occur. We may paint a large flag pattern and bounce off one of the support areas. 280$ and 250$ are strong support areas if we do come...

Worth_The_Ri5k Jul 28, 2020

XRP Showing investor interest lately and possible bottom setup. Watch for a flip of the above zone into support, but cautious and respect that we are under resistance here and may come down to test the 2000 area; if we hold the diagonal support we can look at a possible entry here for the triangle if sell off occurs now.

Worth_The_Ri5k Updated  Jul 28, 2020

We need to watch the price action on silver The structue of the flag needs to keep forming and a rsi/stoch reset with a pin bar shakeing out traders at the bottom flag support may be a sign of good entry. If the flag structure does not appear, or fails then we are looking at 23$-22.5$ again

Worth_The_Ri5k Updated  Jul 26, 2020

Wyckoff is a type of accumulation range whales use to control the market and fill there bags before the price shoots up. We need to flip the level marked "Resistance" As support now for this to play out. ADA a cryptocurrency looks exactly like one in this current idea of mine linked below.

Worth_The_Ri5k Updated  Jul 26, 2020

Possible bull flag here on SXP can lead to new price discovery..

Worth_The_Ri5k Updated  Jul 26, 2020

Wyckoff is a type of accumilation range whales use to control the market and fill there bags before the price shoots up. We need to flip the level marked "Resistance" As support now for this to play out. ADA looks exactly like one, check my previous ETH idea linked below for another wyckoff that played out recently.

Worth_The_Ri5k Updated  Jul 23, 2020

Looking around social media etc i still see quite the bullish sentiment on LINK. We had a bit of a downtrend and now breaking out of a larger flag structure again. Might have another possible leg up here as the stoch is over 30 and rsi 50 on the 15m tf. The higher timeframes are coming into overbought so manage your risk of course if you are trading link.

Worth_The_Ri5k Updated  Jul 23, 2020

EUR/USD Just broke a 12 year resistance.. looking a s/r flip here for entry if it even gives us the chance May paint a flag structure now which would be good for a long attempt here. EUR/USD Has some correlation with Bitcoin and that looks quite bullish also.

Worth_The_Ri5k Updated  Jul 23, 2020

Bitcoin needs 1 more touch to validate this rounded top structure, a breakout of the circular structure with strong volume and a confirmation of a support resistance flip can be a sign of the trend changing with backtesting giving Rounded Tops a 80% upwards breakout rate according to backtests. miro.medium.com But if 9400 is not claimed its wise to consider...

Worth_The_Ri5k Jul 22, 2020

Very obvious falling wedge pattern on GBP/USD The falling wedge has 5 touches between the pattern for validation. On the 5th touch we can see a breakout, a sucessful bullish retest can confirm the breakout, whereas if the price breaks out and fails and is rejcted off the previous resistance we can see a pattern failure setup. The Monthly RSI and Stochastic are...

Worth_The_Ri5k Jul 22, 2020

OIL had the craziest shakeout with coronavirus leading it to go under 0$ and suppliers paying people to take oil off their hands. So far we have reversed and looking quite positive, the main price action i will be looking for is a reclaim of the previous support outlined in the white lines/blue zones as the Risk:Reward is good from that area for a trade.

Worth_The_Ri5k Jul 22, 2020

The monthly is looking interesting to me here. -Broken out of a possible demand zone -Clearly broken downtrend on the RSI and stoch 1M and starting to look positive for a swing I think its logical that AUD JPY has a attempt to go to 80 cents here at least. This is not a call to say buy now it will go up with a instant 10% increase lol.. It can pump but looks...

Worth_The_Ri5k Updated  Jul 21, 2020

ETH has been in a trading range for quite some time and failed to breakout of it earlier, if we dont succeed in claiming it again soon ETH is looking at a major sell off. The signs are there for ETH to continue up though here if these setups play out. The amount of ETH wallets holding 0.1 coins is also still rising which is a positive sign new investors are...