erctrades

erctrades

The RSI is heavily overbought on daily time frame. We've seen sharp pullbacks before when RSI reaches these levels. Shorting here. On the other hand, if we break above $40k and start seeing support build up, that will signal a trend reversal.

erctrades

Looks like the previous ATH might become the next major floor if we continue to go lower. Nice confluence with the 200 period EMA. Additional confluence is provided by the Fibonacci golden region between the 0.618 & 0.650 levels. $5,000 seems to be the ballpark price target for the bears based on this chart. Let me know your thoughts below :)

erctrades Updated 

Fibonacci Golden Zone adding to the confluence. Nice support at EMA Ribbon. Textbook double bottom + bull flag. Beautiful 10% Scalp. Let's see how it plays out.

erctrades

I haven't done much market analysis in past months; only been peaking at higher timeframe charts every so often. Curious to see if this plays out.

erctrades

This is just speculation. Of course, it would not be what I would like to see happen, however, we are quite overdue for a market flush. Money typically rotates back into BTC after microcaps pump. Saving this to see if it plays out. Let me know your thoughts down below :)

erctrades

We bounce off the Fibonacci golden pocket perfectly. After bleeding through September, I can definitely see us pumping back up to $200 and perhaps beyond. I'm long here. Leave your thoughts below :)

erctrades

Falling wedges typically break out to the upside. Crypto seems to follow TA on large time frames very well. Now that we've bled through September, historically speaking, the following months typically play out green. (Also, not seen in this chart, we are now bouncing right off of a support trendline running since around this time last year that) Let me know...

erctrades

Saving this bc curious if it plays out. October is typically bullish. but the stoploss is very necessary in case we start heading back down to 30k again.

erctrades

Solana has been drawing a bull flag with a mini ascending triangle inside of it at the bottom. We just broke through the 200 EMA on 15m timeframe. Looking very bullish. Let me know your thoughts down below :)

erctrades

Got a beautiful descending triangle getting drawn on the 1hr chart. These typically break out bearish. This is very bullish in the mid-long term. 1. Nicely resets the MACD & RSI on the 4hr. 2. Lines up perfectly with previous support/resistance when drawing the price target. 3. Should bounce perfectly on the bottom of the channel, great long opportunity if we...

erctrades

Ascending Triangles typically break bullish. Seeing one on a large time frame like this is a huge signal. Closing a green (or in my case, blue) candle above the top resistance to confirm the breakout will be huge. Not to mention, ETH/BTC looks absolutely amazing right now. Leave your thoughts down below :)

erctrades

Looks like we're beginning to confirm the breakout to the downside out of this rising wedge that BTC has been drawing on the charts the past couple of weeks. If we get rejected by the support line of the rising wedge, it will be confirmed as new resistance and you can expect a retrace down to the 0.618-0.65 Fibonacci golden pocket. Feel free to leave your...

erctrades

We have: 1. A descending triangle (orange)... 2. Breaking out of a rising wedge (yellow)... 3. Breaking out of an even larger wedge... 4. That formed a triple top. 5. The largest rising wedge (red) formed a bearish divergence on the RSI. 6. The MACD just flipped bearish. Yes, of course, this might not play out. I guess we'll have to see. Leave your thoughts...

erctrades

The more you knock on a door, the more likely you are to open it. Multiple touches on the horizontal resistance. Ascending triangles typically breakout bullish upon a breakout to the up-side confirmed by a bounce off the horizontal resistance. By the way, those low-opacity Fibonacci lines are drawn using the top/bottom of the 2017/2018 market. It's incredible...

erctrades

Looks like a typically-bearish descending triangle is playing out a bit differently this time. ETH/BTC is beginning to breakout to the upside. If we get a confirmation here, that will be incredibly bullish for ETH/USD. All of that happening in the week leading up to the launch of Ethereum’s long-awaited London hard fork . (Not to mention, check out how...

erctrades

DO NOT TRADE BASED OFF THIS !!! I am making this post so that I can look back at it at a later time to see how well it plays out.

erctrades

Falling wedge indicating a retest of the $30 support. Looks like it might break out assuming the support holds up. Looking forward to catching this trade :)

erctrades

Ascending triangle (bullish) on the 1hr chart on the verge of breaking out. MACD on the 1-hr also on the verge of flipping bullish. Just waiting for Morgan Stanley to officially announce their $150B investment .