pinkzigzag

pinkzigzag Jun 25, 2024

BTCUSD has dipped of recent days after been range bound for several months. It has seen a lot of selling pressure over the last week, while the bears have had some control. However, bears haven't been strong enough and price has failed to break through a key support level around 60,5 that has kept this rally in strong bull territory. Mt Gox news should have...

pinkzigzag Jun 11, 2024

Following on from my current ORDI setup, we have produced a fantastic cup and handle pattern on daily. This coincides perfectly with initial setup of reclaiming support and moving average cross. Has slipped nicely into supply zone and broken out back above resistance for a retest. Increased volume on daily green moves. Daily 12 and 21 moving averages have...

pinkzigzag Updated  Jun 5, 2024

As you can see BTC has reclaimed and retested a large level of support. After testing this level 3 times over, it was finally broken, only to fail right after and be reclaimed. After waiting to see how this level would hold it is currently being retested for the fourth time over, providing the perfect opportunity for a long. Several banks have indicated they now...

pinkzigzag Updated  Jun 5, 2024

After stopping me out almost instantly on an idea earlier ORDI has returned back to a key level of interest for me. Wanting ORDI to hold a key level between 40 and 41.7. If we see this level hold successfully I expect us to 12/21 EMA cross and hopefully some volume behind it. I will be longing this pretty much as soon as this cross happens and be target the...

pinkzigzag Updated  May 17, 2024

Ordinals has had a fantastic run from November. After reaching nearly $100 it has begun ranging from $40-$80. Its so far been an amazing range to play and has now set up once more. Inflows vs Outflows in the spot-market have just switched positive. Stoch has bounced of lows and is looking to regain strength. ORDI often moves independently and before big moves...

pinkzigzag Updated  Nov 2, 2023

TRBUSD has posted a bearish divergence on 4h and daily. This time price has broken above range and deviated back inside the range for a clear short trigger with easy invalidation at the range high. Different to previous breakouts, this one hasn't been so large and makes for a clearer top. Hoping this finally puts the nail in coffin of this ludicrous liquidation...

pinkzigzag Updated  Oct 23, 2023

Currently evaluating BTCUSD and looking for price to clear the 27511 mark, above here we have acceptance of a higher high, after already producing a higher low. Failure to break above trendline at 27240, could mark a reversal of this brief rally and see us back at support around the 25260 region. For now awaiting a breakout of the trendline and possible...

pinkzigzag Updated  Oct 6, 2023

TRBUSD has posted a quite big bearish divergence on the daily chart. We've now broken down a bit and started consolidating. I still don't know the reason for this pump in the first place, but looking for a breakdown of this pennant and price to head back to fair value. Confirmation on break below and potential retest of underside of pennant. I've been short for...

pinkzigzag Updated  Jul 13, 2023

is Bitcoin back? potentially. zooming out we can see that there is a confluence of the 21 monthly moving average, as well as a key monthly s/r level at 31500. with the full force of the blackrock news + all following bullish announcements from, citadel, fidelity, the fed etc i think theres a high chance we break through the 31500 level. before we the...

pinkzigzag Updated  Jun 21, 2023

BTCUSD has deviated the lows, reclaimed and retested 25200 s/r level. i previously had a short from here expecting more lows and price around 22k, however would of silly to fade the news of the most powerful asset manager in the world. So when i heard the news i cut the trade. Looking for a solid reclaim and retest of s/r level at the red line to enter into some...

pinkzigzag Updated  Jun 16, 2023

BTCUSD - Following on from my last successful idea, we can see level to level there is clear weakness on BTC. Despite the recent news regarding SEC/Binance lawsuit, it was already heading down. Looking for a break of the 25250 s/r level. Hopefully we can get an underside retest where shorts can be loaded up. Alternatively if bulls show some strength, we could...

pinkzigzag Updated  Jun 15, 2023

BTC has traded into local range highs. On higher timeframes BTC is sitting around 12 and 21 weekly ma's. On lower timeframes it has already broken below these. Expecting price to deviate/reject on daily timeframe above local range high here and then revisit the range lows. Looking for entry at an underside retest of 27460 and will look for first a T.p at 26600...

pinkzigzag Updated  May 28, 2023

BTCUSD has closed under key s/r level at $26600. Expected move down to key s/r level at $25200. If this level holds, or deviates below and reclaims then long towards yearly highs. A breakdown of this level means that we can expect a revisit of the yearly open. Currently SHORT BTC from $26600 and not expecting $25200 level to hold due to key macro-economic...