After 11 months, the 50 day MA is looking to close positive over the 200 day MA. End of the bear market folks.
After crossing negative in March 2022, there now looks to be a strong possibility of the 50-day MA crossing positive over the 200-day MA in February. This would confirm a significant shift in the markets towards a new bull market. Only time will tell if this cross really happens or not.
After a month and a half sell off the market looks to be eyeing a another large bounce before reversing again due to broad economic conditions. A daily close above $3800 in the next week or two will confirm this. $4100 will be our predicted bounce height. Our MACD lines have crossed positive today, as well as our -DMI line crossing below our ADX trend...
If BNB/BTC hits our Resistance line, we can expect the price to then soon hit our Target 1 line. This will lock in a modest quick 4%. If the bullish trend continues, it may then continue to rise to our Target 2 line. Therefore, I would recommend the following trade procedure: 1. Buy BNB when the price hits our Resistance line 2. Sell 50% of your BNB when the...
Keep in mind that this is just me trying to find a pattern in the charts for fun, I could be totally off and BTC could super bullish right now like some others believe. What it looks like to me is that BTC is jumping down from support line to support line but is retaining that $6000 - $7000 support extremely well. From what I can see it looks like BTC is stuck...
BUY IN: 0.00004500 - 0.00005000 SELL OUT: 0.00006000 FALL LOGIC ∎ GTO falls to its support level around 0.00004500 - 0.00005000 We can tell this from: - High divergence on the Bollinger Bands , - A high oversold reading on the RSI - A TBC or Three Black Crows candlestick pattern (initial...
BUY IN: 0.00014600 - 0.00015000 SELL OUT: 0.00019000 - 0.00020000 FALL LOGIC ∎ TRIG falls to its support level between 0.00014600 and 0.00015500 We can tell this from: - A DTR or Double Top Reversal chart pattern signaling the decline to the support line at the beginning of the "M" shape of the pattern RISE LOGIC TRIG rises to its previous high...
BUY IN: 0.00004600 - 0.00005000 SELL OUT: 0.00007500 ∎ AMD falls to around 0.00004650 (we can tell this from the BEP or Bearish Engulfing Pattern ) ∎ AMD will then begin to rise to its next support level around 0.00007700 (we can tell this from the Ichimoku Cloud cross-point from red to green)