phoneywc

phoneywc Sep 24, 2021

BTC is currently fighting at the SMA200 (44290) on its way to contest the nearest support line (43370). If it breaks through and if the next few candles closes below 43370 then potentially it will test the 1.618 level (39987.56) and likely to retrace back into the trendline at the bottom of the triangle. The 2.618 level (34514.36) is only possible if any 8hr...

phoneywc Sep 20, 2021

Huge battles happening all over crypto this week. ETH has now defended the 3150 support level. Bearish momentum is still very strong and if it fails to hold, the next support level is at the SMA200 level at 2980-2990. For me, to be fighting for control at the 8 hours time-frame indicates that a trend reversal is going to take some time to happen before we can...

phoneywc Sep 17, 2021

We now have 7 consecutive red candles (bearish trend started by a Death Cross) coupled with weak volume (which supports the initial bearish trend). Currently it breaches the 142 trendline support. If it closes below this support, the next candle may be fighting at the next trendline support / 3hr SMA200 support at 130.8 and/or the 4hr SMA200 support at 118.

phoneywc Sep 16, 2021

BTC is currently battling at the 5hr time frame. Bullish case: With a Golden Cross of 14th Sept at its side and a successful rejection of the SMA10 support of 16th Sept, the trend has potential to continue. Bearish case: The VWMA is flat, and if this persists, it's likely to pull BTC down into under SMA200 (need 3-4 more new candles (i.e. 15-20 hours) to confirm this).

phoneywc Updated  Sep 14, 2021

The next 2 candles may have a potential to cause high volatility as the bearish trend gets more confirmations (getting closer to SMA200 or even breaking below it, also breaking through support levels)

phoneywc Updated  Sep 13, 2021

Until the golden cross takes place, BTC is to continue its current bullish trend. edit: typo error

phoneywc Updated  Sep 11, 2021

On the 5hr chart, The bulls are battling the bears to see who gains control for the next period. BTC prices should meet its Support and resistances level in a systematic order (1hr > 2hr > 3hr > 4hr > ... > 1d (that's where everyone panics and it becomes a global news in the next day)) (GMT+8) 11pm and 4am the next day should provide more clarify on the next...

phoneywc Sep 10, 2021

So I zoomed out all the way to the 14D chart (the longest time frame that can show SMA200 readings) and found some info: 1. The 1.0 level has been tested twice, albeit 3 years apart between the 1st and the 2nd one 2. The golden cross looks ready to happen, but with such a long time frame, this is going to ask for a lot of patience. 3. Higher Lows + Some retests...

phoneywc Sep 8, 2021

Once SMA10 (red) , SMA5 (green), VWMA (purple) crosses below SMA200 (yellow) and the next candle open remains below it > End of this current bear run

phoneywc Apr 28, 2021

Following its ascend to a new ATH, Ethereum is now due a short correction. I am seeing it potentially falling to $2510, worst case $2375. Overall optimistic about its bullish structure.

phoneywc Apr 6, 2021

Coins below BTCUSD - Room for growth. First idea posted, please comment with your feedback. Thanks!