riskit101

riskit101

I'm looking at the weekly chart here, we have an interesting zone between 14.00$ and 14.68$. We've had decent amount of price action correlating to the areas going back to December of 2020. I set my trade idea with a stop loss at 12.95$ just in case of a liquidity flush , we're still getting at least a 3.5 to 1 ratio, with 2 other targets. This could take till May...

riskit101

We have our stop loss set at the local low at 14.10$ giving us 4.5 to 1 on our trade , targeting an old 2016 top at 49.67$. This is probably too messy to be called 3 rising valleys since the 2 first valleys arent too symmetrical but still looks like a promising trade if monitored correctly.

riskit101

With the MACD positive momentum waning, and the Stoch RSI crossing back under the Bullish control Zone i would look to the .236 fib retracement ( 4994) for the first target. The Bull Market Support Band will be closing in to the level in the future , may act as a magnet. This idea is on a weekly time frame so it could take months to play out.

riskit101 Updated 

If we look at the move from this cycle bottom to the current rejection at 454, that was a 30% move and if we look at the more recent bottom, it was a 20% move. A rejection at the 454 area was to be expected. If the recent bounce off the 20 w EMA marks a higher low, then we should rally to 480, just based on inflection points.

riskit101 Updated 

If you measure bitcoins bottom to top last 2 cycles you can begin to find a target date for the next bull run. both last two cycles botom to top lasted about 853 days, if we assume 15.5 k was bitcoins bottom 853 days would put us in in march 2025.

riskit101 Updated 

Twice in history holding 38 cents has lead to big gains, and now it seems like its establishing a nice base right around this price which is where the bull market support now lands.Iexpect a big rally if we turn 38 cents into support once again.

riskit101 Updated 

As illustrated by the white arrows the price of Cardano has been rejected by the 20 EMA a multitude of times. It seems we are getting close to a bottom but,until,I see the 100 EMA move under the 200 EMA I'm not ready to say for sure. Ideally, we'd like to see price move above and hold and eventually move above the higher time frames.

riskit101

American Airlines made 3 recent lows at an inflection point, made a slightly higher high and if reverses here at this current level ( a decent inflection point)it will make a higher low and a higher high. we have plotted a stop loss for a 3 to1 play.

riskit101

When looking at bitcoins weekly EMA's we have a few interesting things develop. First,we have the 20 EMA crossing under the 200 EMA, coincidentally, its also the first time the 50 EMA has crossed under the 200 EMA. ( side note , the 100 has never crossed under the 200 and i dont expect it to this bear cycle.) To me both of these occurrences mark the bottom...

riskit101

The left zone was acting as resistance for almost 3 months, no we are trying to build it as support approximately 2 months now...zoomed out analysis...not technical here ...

riskit101

was looking at these similar wedges , looks like strong support at 2$ will help launch a rally towards upper trend line set at 4$.