btc longs dumped, during volatility this normally means we've taken out any liquidity (take profits along the way up) and can pump! Not sure if it'll play out but it's possible
Longs closing, shorts opening = short squeeze incoming. Add the golden pocket support and this is a clear trade.
1.618 on a Fibonacci retracement from the 2018 high to low reveals support. we even passed into the new red line. 64.4k obvious next resistance
Many key levels down here and I think if we see shorts being trapped and good bullish divergences we can hit our targets.
Bullish divergences at a key level = pump pump imminent not financial advice
so much liquidity around our range as shown in the screenshot, we go down to 54k, get a small reaction before testing 53k and coming back up with the 53 liquidity. retest 60k later. My recommended position would be to set multiple limits. One at 54000 and one at 53000. If hit, follow my take profits and stop losses accordingly! remember to move stop to breakeven...
we just got bullish divergences on vmc oscillator on the way down, vwap crossed on 37 min and down and money flow green. GL to all. use proper risk mangement
Buy monero at 75$ target price. dollar cost average after that to get an even lower price as it falls or maybe pumps
5 wave Elliot crash structure followed by a failed Wyckoff accumulation followed by a crash
Now that Monero has broken out of bitcoin's grasp, it can start it's stealthy run-up to new (albeit, not as large as before) highs. After this period we will see another pull-back and I see this as being the halving-top of monero. Either that or we continue to run to the 600s-700s. Previous support helped us again on may 19th and if we get below that we will not...
There will be price action upwards over the next few days which will draw the right shoulder. A head and shoulders pattern was also drew in the smaller timeframe up at the top (45k~63k) which was confirmed by this large downtrend. I see this as the end of the bull market, retracting my previous predictions about the bull market continuing
I think fubo is going to rally for the next few weeks followed by an accumulation period. This accumulation period will lead to the november-december highs. This is based on the world cup streamings happening soon and further plans being announced.
The final bitcoin rally of this bull cycle will be to the 70k range and will happen over the summer of 2021. could go higher send your thoughts
After today's rally on fubo I think it is going to consolidate and enter an accumulation period in which it will drop to the low 20's and will come fighting back after to get back to it's december highs. I will update this thread often.
Accumulation over the next two weeks before a breakout to new all time highs.