reees

reees Updated 

another one approaching the bottom of the channel, so i might add a little here. i missed the deep discount on MANA in june, but luckily it's lagging behind a lot of the other alts so prices are still relatively low. watch BTC though - bulls don't have control of this thing yet. if BTC takes a dip it's almost definitely taking MANA with it.

reees Updated 

here we have a perfect rejection/confirmation of the downtrend on a logarithmic scale (top), and a breakout to the upside of the trendline on a linear scale. this is more of a question than an idea. haven't found anything on this so i figured i'd throw it out there on TV. the question is: which is more reliable for determining a breakout vs fakeout? i generally...

reees Updated 

anyone who tells you this isn't a tough call is lying to you. we knew where/when this retest was coming since june, we saw evidence that price might be topping out last week, and now we're faced with a critical decision: to buy or not to buy. we've had a few months of deep discounts now, and most of us have been averaging back in here and there. if you're...

reees

bottom of the channel is usually a good bet, so i'm looking to increase my ALGO bag here. strong support around $0.70, and a long ways away from the ATH, so this is a no-brainer for me. market still make take a dip, so this isn't a trade setup necessarily, but averaging in long term. don't forget MIT has been working with the FED bank of boston on a...

reees

it continues to amaze me how this pair sticks to the fib channel levels like glue. the 1.618 extension has been money for picking targets in the past , so, if it ain't broke... i've been accumulating ADA for a few years now, and hoping to finally unload some later this year. basically looking for targets anywhere along the 1.618 extension. any time price touches...

reees Updated 

i thought we may have been topping out , but we're awfully close to invalidating that idea. for the moment, we've found support on that downtrend line and bulls are knocking on the door of the local high resistance ($46788). as luck would have it, it's also the third retest of the bull trendline in the past week. a new local high here and a break above the...

reees Updated 

looking like we may have a rejection at the intersection of the bear and bull trendlines (bump & run). let's see if we catch support on the down trendline or shoulderline ($41.5k-$42k). if not, we're headed back to the 30s. if price breaks above the bull trendline (white), i'm buying.

reees Updated 

we've been talking about it for 3 months now, and here we are. this is probably the most pivotal moment since we broke below the bull trendline in june. if this down trend line is confirmed, i'm thinking we'll see a longer period of consolidation within the current range ($30k-$40k). if price breaks out above the trendline, the sky is the limit. :popcorn:

reees Updated 

looking like we may break to the downside of the ascending wedge. in the process of retesting the bottom of the wedge. also seeing bearish divergence of the RSI, which increases the probability of moving lower. target is $36.5k where i may look to open a long position.

reees Updated 

this job posting may have given us a false pump, but there's really nothing false about it. it's no secret that every company worth its weight in sh!t is exploring its possibilities in the crypto space, and i think this is just another pleasant reminder of where this train is heading long term... needless to say, i might start averaging in a little "harder"....

reees

could we finally be headed for a retest of that down trend line? last month we predicted this would be the most probable path there, and i really wish i listened to my own advice. for me, the big picture here is that there's a reasonable chance that the down trendline is confirmed, and price gets rejected right back down into this range between the neckline...

reees Updated 

catching knives is dangerous, but also super fun. price has broken the key support at the neckline . this is the first time price has dipped below that neckline and hasn't sprung back up, which is why i'm assuming we're heading down. and also why i'm eyeing a retest of the neckline as a target. potential bounce zone around $27.1k-$27.5k. this is the area...

reees Updated 

i'm still leaning short here, but looking at current margin pressure levels to get a better idea of where price might find support/resistance. next, i'm expecting we'll test the key support around $31k where the H&S neckline, the minor down trend line, and the 4x selling pressure level intersect. if price finds support there, we've got more than enough recent...

reees

sometimes you gotta stand on your head to see things more clearly

reees Updated 

everyone is focused on BTC right now (and for good reason), but i thought it might be worth pointing out that ETH is technically at a key juncture: we're looking at a simultaneous retest of the .618 fib retracement level and the bull trend line. in a vacuum, i might be looking for an entry here. if only it were that simple. i'm still expecting the rest of the...

reees Updated 

holy consolidation. price hasn't squeezed this tightly in a loooong long time - safe to say a big move is coming. bottom BB has acted as dynamic support throughout this consolidation period, but price seems to be favoring the bottom band more and more. could price be hinting at a break to the downside? or does this just show that bulls are standing their ground...

reees

keeping my eye on the hidden bullish divergence (RSI) that's potentially forming on the weekly. we're still not even halfway through the week, but signals like this are worthless if you're not on top of it. if price makes a lower low (below $28.6k), the divergence would be invalidated and this would appear quite bearish. if price finds support at the neckline...

reees Updated 

looking pretty wedgie here, so i'm expecting price to go a bit lower in the near future, but going to try to make a few bucks while the pattern plays out.