melonfarmer5

melonfarmer5 Updated 

Bitcoin is in an uptrend. For the first time since November 10th, BTC has shown strength as it broke a previous high and claimed weekly support. The bear market might be over, but only time will tell. Invalidation at clear break below the weekly support zone. Happy trading. -Melonfarmer

melonfarmer5 Updated 

WILD has reclaimed the major trendline support. Not too many words necessary for this one. You know what to do 👀 Happy trading. -Melonfarmer

melonfarmer5 Updated 

A tired WILD has pulled back to the intersection of two key levels: the .618 fib and a major trendline support. If volume shows evidence of price acceptance above support, a strong push upward may ensue. Invalidation at clean break below .618 fib.

melonfarmer5 Updated 

Bitcoin is in a downtrend. For the first time since the December 4th crash, BTC has escaped its well-defined downward moving channel and into another downward moving channel. Higher highs are possible, but we must first maintain control of the weekly support. If we do hold this support zone, we may see movement to the upside of the channel (~52.5k) followed by...

melonfarmer5 Updated 

Bitcoin is in a downtrend. After reaching a new a new low ($45,467), BTC bounced back into the middle of the channel and into the value area. With momentum and volume, the naked POC (TP1) or the POC (TP2) may be touched, and a bounce back into the channel and downward may ensue. Conversely, if the VAH is flipped, we may see acceptance into a new channel with...

melonfarmer5 Updated 

After a quick retracement from today's over-stretched bull run, we may see it continue to the 34,400k resistance, after which it will plummet to lower lows (30k)