It appears DXY has broken above trend line and is not testing long top of trend as support
Everyone has been talking about how DXY is about to turn over and BTC will rally. No one seems to be zooming out. It appears that not only has DXY broken the trend line it's retesting. Furthermore, when zoomed out - there's a much larger bull flag coming from a breakout of a falling wedge. I want to see BTC break up as much as anyone else but I'm getting...
Everyone is talking about DXY turning around at the top of the blue trend line... maybe OR we would be seeing a much larger breakout when zoomed out. Broke a downward wedge and now above blue trendline now support
Bullish Divergence is seen on the 4-hr. Perhaps we have a bottom to this recent downward channel that we can get at least a relief rally out of.
Downward channel - inside a falling wedge - inside an ascending channel (which could be a bear flag) - inside a rising macro channel (which could break down - forming a massive head and shoulders). OR bullish divergence plays out, we rise up, and go to moon...
50/100 converging at the 618 right above us. Could see some good resistance here next couple of days short term looking good on 1/4 hour though per my previous post
Nice triangle forming on the triangle to extend the rise we've been seeing the last couple of days. Rebound from channel bottom will hopefully bring us back yo top and then retest of 200Day SMA
Looking like this pennant is forming nicely - gives a bit more credence to bullish sentiment. As per always, depends on BTC and top alts movements and lately, they're doing better
Contrary to my last update we could be seeing a bullish pennant on the 4hr. Still think we're too exhausted for that move but this is crypto...
-Landed at the .618 as my last analysis pointed out it would if we dropped lower. -Fortunately, we have strong support here with the fib + top of large descending channel + 50day SMA + a bottom trend line from back in Sept. 2020 -If we fall from here my next target is at the .718 and then down to around $.69 -As long as this market maintains, and hopefully, moves...
Wouldn't be longing this quite yet. Likely going to pull back into descending channel and head lower until BTC and the more established coins can get a rally back up. It's just another buy the rumor sell the news event
Right in the middle for KDA Caught by .618 and bottom of triangle. Waiting to break above or below for confirmation and next trade.
Thought we'd bust out from the .618. Now down at the .786 - Keeping an eye on how far low we can go but no long until breakout and re-test of descending channel
Bull: Retesting old large downward channel now support. Could come out of mini ascending triangle back into the sideways channel, test midline and bottom of channel before heading upward. Bear: Showing weakness and possible bear flag daily forcing it back down under the support and down to the .618
retest major down channel now support. Could ve forming triangle
Expecting a retrace to the midline of the channel and possibly further unless it can gain some momentum... or have some erratic price action like March 9th
BTC coming in hot. Hopefully, momentum stops or slows but if it keeps dropping, Expect to find support around $42K
Hit all targets (1,2,3) with a bounce from 1 to green 3 before hitting 2, and 3 on the last idea. Now, we're at the bottom of the channel. Looking to move up from here. If we break and retest the bottom of the channel as resistance then kiss your longs goodbye.