mycotoxin

mycotoxin

Profiler shows a "fresh air zone" between 37740 and 32425. These are areas where price moved by rapidly and created no support or resistance . This also means that going the opposite way ( i.E upwards) there is also not much resistance . There is also a CME gapfill within this area at 35k and I suspect CME may move price upwards and close this gap.

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The Two day shows the following interesting setup a) BTC has pushed to the top of the trading range at the 30500 area. b) The MA13 /30 have crossed bullishly on the 2D chart . c) The last candle on the 2D chart is an extremely bullish candle . d) The large Bullish candle has supporting volume at the bottom of the chart and all is congruent , Considering...

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XRP appears to be eyeing moves to .67 and .72 . However this pattern is also an ascending triangle and could play out in the following chart pattern setup

mycotoxin Updated 

Looks like a head and shoulders to me with Target 34400. Strong Support is currently at 24857 and any moves below this level are detrimental. BTC - Head & shoulders to the North-side with Target 34400 This is also the same setup as the chart from June 6th below

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BCH has formed a head and shoulders setup and appears to be targeting the 195 area . This area is also the area of strong resistance

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This looks to me like a 3 Drives setup to the .618Fib at 28545

mycotoxin Updated 

under the wyckoff theorem after price has successfully cleared the trading range it can move back down to retest the trading range for sellers. In this case this will mean price can move down to the area marked as "Bounce Zone " to test for sellers . After such a move id expect price to then move back up quickly trapping shorts, and heading to the 34k area.

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The bounce zone has to be between the 25125 area and the 23329 . Why because as explained in the previous chart below there is a bullish crossover between the MA13/30 on the 2 week chart and the trajectory after such a cross has always been a bullish move. Thus The current bounce zone will have to fall either above the MA30/13 crossover at 25125 or between...

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The MA13/30 cross on the 2 week chart can provide insight on future price movement. As seen on the chart when the MA13 ( the white line) crosses above the MA30 (blue line) Price tends to move upwards. This has been the past behavior observed at points A , B and C marked on the chart. As seen at point 'D ' the MA13 is going to cross above the MA30 in 3 days...

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First Possible bounce location is the .382 Fib at 26065. From the chart the 150 Moving Average ( the red line ) is also at this area hence and could offer some support . If the .382 Fib fails to produce a bounce then the next possible bounce area will be the .5 fib at around 24700. As long as BTC remains above the .618 fib at 23400 the trend is still bullish .

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Possible BTC retracement to the .5 Fib area at 24700 before moving higher.

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There could be a test of the 34k area; However BTC may first move down and test the support at 25600 before pushing upwards.

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Right Angled Broadening wedge with 34k target . Alternatively BTC can also move down to test the top of the wedge at around 25k before pushing up.

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BTC - Could move lower to retest support at 25200 before pushing higher

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The CME chart on the right shows the possible BTC targets could be the CME gapfills at 29400 and also 35000

mycotoxin Updated 

BTC Hit the EMA600 and Im expecting a move back down to the next support at 23600

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The current rejection and move back below the top of the trading range at 25k is not a good sign BTC has not even once been able to close a daily candle above the top of the trading range and keeps getting rejected. There are 3 possible options on what can occur next. 1) BTC bounces at the MA20/MA50 which is the area between 23500 and 22600 and then breaks...

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Strong move upwards to break out of the top of the trading range . Id expect a retest of the top of the range down to the 23500 area followed by a move back upwards to 33k . This move upwards could be to fill the CME Gap at 33k as the last moved down to 19k filled the CME gap at that area