platymetheus

platymetheus

Seems simple enough. BTC is sitting on the 50 day, looking down at retesting the 200 SMA. the volume profile on the daily sits right at the 200 day as well, and the trend line BTC has been following for the last several months is also at the 200. Looks like a retest. If the 200 holds, which I believe it will. We should see the next leg up in the bullish trend

platymetheus

Rejected by the 50 D moving average again. BTC is headed back to the 200 D MA for a retest. If it can stay above and the 50 doesn't cross under the 200 we will be good to go for a Long. I'm temporarily bearish until I see a bounce off the 200

platymetheus

Lots happening this week! Resting on support and a new bullish trendline with midterms tomorrow and a cpi Thursday. It could get wild. What do you think will happen?

platymetheus

Support building on top of the channel. If this holds we should see a continuation to at least 25k. This will be dependant on the CPI next week. But if the inflation numbers are lower that expected then we will see a pump that may last a month or more. If it breaks above 25k people will speculate that the bottom is in and start buying.

platymetheus

We broke through both medium term trendlines. Investors are speculating that the fed will soon be slowing or pausing it's rate hikes. This will most likely result in temporary optimism and a short term bull rally. This is not the real rally though, don't be misguided. We are heading into a global recession next year. That'll probably cause a quick but drastic drop...

platymetheus

It's reached the top of the channel. No good macro news. I don't see any reason for a significant trend reversal. At best we might get a continuation of the sideways trend we've been locked in for the last few months. But I'm not buying any right now. What about you?

platymetheus

Hitting the top of the channel. Make or break soon. I can't think of any positive macro news to support any significant rally. But maybe it'll break the trend and run sideways for a few months. But I'm not buying any. What about you?

platymetheus

So on the 15m we seem to have a tiny Adam and Eve bottom, the Eve if which is a reverse head & shoulders the structure of which exits a descending channel it has been moving down for several days. This local bottom forms a double bottom on the 1 hour. But the entire structure since the latest crash is a bear wedge. So what do we make of this? My guess is a...

platymetheus

Maybe so. If it is it'll go back to 21-23k. Then back down. I'm Long in the red box. Stop loss at 27400 This is not trading advice. I lose money. Lol

platymetheus

Reaching the upper trend line of the descending channel. Hard forks aside this is not a market for excitement or optimism from a fundamental perspective. Long term ADA is gold though and accumulating now and especially at the .3-.35 range is prudent. Short term (weeks-months) bearish Long term 🤑

platymetheus

Is it a reverse head and shoulders or a bear flag? We'll find out soon. Since the s&p broke out to the upside after forming a similar formation I'm bullish in this with a tight stoploss. Target. 23-25k. I'm bearish overall after that for non technical reasons

platymetheus

Is it a reverse head and shoulders or a bear flag? We'll find out soon. Since the s&p broke out to the upside after forming a similar formation I'm bullish in this with a tight stoploss. Target. 23-25k. I'm bearish overall after that for non technical reasons

platymetheus

Maybe we can ride this to 25k before we continue down to 12k

platymetheus

Maybe? If so back to 28-30k or one of several moving averages

platymetheus

Bear flag again. 20k is acting as resistance so far. Not good. If it doesn't flip it it's going to 14k.

platymetheus

I don't know what it means but it's pretty steady!

platymetheus

Is this a reversal back to 25k? Or a bear flag down the hole to 15(ish)k? It's up to Jerome 😬 Though if it's either it will break it before tomorrows announcement.... I'd like to be neutral about it but I'm leaning towards the bear flag

platymetheus

The drop we saw last night meet a stiff buy up. There is some resistance at 28k so far. But on the 15m chart a reverse head and shoulders looks to be forming. Also, the trendline starting from the drop Friday May be supporting the price, which is also the 20 period on the hourly Bollinger. But i see that the daily RSI has made a huge reverse head and shoulders...