In a 2 year long descending wedge, RSI grinding up higher while price is essentially consolidating, barely making lower lows. This is due for a run eventually. Buying right now has good R/R with 3-5% stop loss minimum 12% gains on test of upper resistance area of triangle. Legit one of the easiest money making opportunities out there in this moment in time.
$SNAP has performed horribly in 2022 and had awful earnings report. However just as there is over excitement, there is over pessimism and eventually mean reversal is due in either case. I have no clue if SNAP will go even lower to 4-7 dollars area but the price structure, volume, and technical indicators clearly point towards capitulation and at least a short term...
Maybe I'm wrong, but I'm honestly not sure how someone can look at this chart and not think there is major potential downside in at least visiting this new MA. Especially combined with the economic situation, massive bubble pop, low faith in crypto, everything seems straight up awful. This is now in combination with the idea that everyone has where the most...
I want there to be an altseason, I want a ton of alts to fly to the moon and have a crazy fun time. ETH/BTC has broken under a trendline from 2019, never even managed to make it back to it's 2017 highs in the previous cycle. I don't understand how someone can look at this and not worry for the future of alts tbh
Clear potential breakout above long term resistance trendline for BTC dominance. Now there is always the potential for a fakeout and then break below which could lead to alts increasing, but this is something to watch closely for the time being.
The long term technicals show points of solid Risk Reward setups that are worth taking, If I entered now, I would have a tight stop under the daily low. If this breaks I would re-enter at the broadening wedge support, if that breaks I would enter at the trendline support from covid lows. Targets would be 20/50/100 daily EMA's. will this play out? idk. is the...
Long term Trendline breakdown -> Retest and potential rejection of trendline AND 200 Weekly MA.
Short term Trendline breakdown.
High interest rate environment which affects have not been seen on the market yet. Inverted Yield Curve, potential recession.
Will this play out or do we have a soft landing? I have no clue tbh, but in terms of risk reward, the...
When you look at the btc chart from the perspective of btc/spy, it seems like bitcoin's current price action is basically a break of the previous all time highs from the 2017 parabolic rally, and then now consolidating and retesting those previous highs, as long as it can consolidate above this level I don't think you can rule out the possibility of another...
Hello, I was looking at the long term bitcoin price chart and drew a simple curve trendline connecting the tops of each cycle. Now that there are 3 points of contact in 2011, 2014, and 2017 it's worth at least considering whether this trendline is valid. Most people are calling for around 150k to 300k top for bitcoin in this cycle. However, this trendline would...
