ZapRowsdower

ZapRowsdower

Now that the halving hype is dying down I’m expecting BTC to retest some lower support. The mid $6’s is my short-term target. The 4 hr chart is printing a potential H&S pattern with an ascending wedge. They are both complimenting each other and point downward.

ZapRowsdower Updated 

I'm going to stay neutral with this idea simply because BTC doesn't care. The price on the hourly chart is creating a falling wedge which is a strong reversal pattern. To add further support, the Stoch RSI and Mac D are both showing an upward trend is likely, at least in the short term. The 4 hr chart doesn't paint the same picture which is why I'm staying...

ZapRowsdower Updated 

Here's my BTC / USD long idea. Zooming out at the 4 hr or daily chart, you can see clear bull flag which simply shows a consolidation period after a fairly aggressive jump in price before the next run up. We will find out if this pattern is confirmed or not by July 10 or 11th at the latest. A break below the bottom trend-line would signal further lows, however, a...

ZapRowsdower Updated 

My apologies for the sub-par chart I shared earlier, this one is much more clear. Keeping things very simple, the Stoch RSI is printing higher-highs but the price is printing lower-highs which is a clear bearish indicator. Currently, the 200 MA on the 4 hr chart is crossing $9,500 so BTC should find some significant support around there or $9,700 if it even drops...

ZapRowsdower Updated 

It’s very slight but we have a hidden bearish divergence appearing on BTC’s 4 hour chart and the RSI (14 period). These “hidden” divergences are measured from top of the candles and RSI and signal a continuation downward.

ZapRowsdower

I think BTC has one more dip before reaching bottom. Personally, I am going to wait until the price gets closer to the buy zones before setting up any long positions.

ZapRowsdower Updated 

BTC has to make a decision here in the short term, the current pattern typically signals a continuation of the downward trend. Even though BTC has been ignoring most indicators, it is worth mentioning that the RSI (4hr) is overbought and losing steam and the MACD (4hr) is beginning a downward trend. In the short term I think we will see the price fall and bonce...

ZapRowsdower

BNB saw some significant losses that likely stemmed from the recent news of Binance.com closing services to U.S. traders. The sell-off formed the flag pole and buyers have failed to gain significant traction which is beginning to form the flag. This may result in another sell-off creating further lows. I recommend waiting for further confirmation on which...

ZapRowsdower

BTC is experiencing a brief moment of consolidation before its next jump upward. It has been creating a nice bull flag on the 15 minute chart with the StochRSI, MACD, and MFI all indicating strength. If you find any value in this analysis please click "like". Trade responsibly!

ZapRowsdower Updated 

I'm going long with this "ONE". The chart is showing a clear broadening wedge with one touch point on top (signaling a short) and the 3rd touch point at the expected bottom (signaling a buy). The #2 is another touch point but indicates a weak buy signal which was proven by the quick sell-off. The StochRSI is trending upward indicating strength in volume and...

ZapRowsdower Updated 

BTC is experiencing a pullback after today's gains. The Stoch RSI is beginning to bearishly cross downward, however, the MACD just passed up the baseline so we may still see some upward movement in the short-term. We should see a bounce off the $8,100 support and if the bulls gain some ground we could see the price pass up through $8,400.

ZapRowsdower Updated 

Harmony ONE just bottomed out 264 sats and retested a new support at 273 sats. We are looking very bullish which will be confirmed once we can cross the resistance at 310 sats and onward!