This trendline has acted as support since 2009 and we are now at support again. I do believe we will see a bounce here but will it keep the trend going that started in 2009, that remains to be seen. We can also see the support was broken and it did go above and retested it again. Unless things change drastically, I think this line will continue to act as support.
The bulls have had it pretty good lately but I think the euphoria is about to die down and bears are going to have their moment. Let's see.
It seems like it's following the same pattern as the past two rallies. If you look closely, each time it rallied, the volume was declining and same is happening with the current rally as well. The first rally hit the bottom trendline in 36 days, the second rally hit the bottom trendline in 18 days (in exactly half the amount of days it took the first one to touch...
Here's what I see. I was set on things being bearish but now looking at it again, I do see a bit of a rally before it follows the downtrend again. Let me know what you guys think and please share your analysis as well. Thanks!
So here's what I am thinking. I do think we will trend higher and hit the $380 area and head back down. Thinking we hit $380 by the end of October and with FOMC we break the support at the bottom and head straight down.
I think we are going to see a small upside before we head further down. I initially believed we would see $430 but I don't think we will get there after how things played out on Friday. If you look at the chart, we can see liquidity areas and it seems like this is the are they are targeting next to liquidate. If all goes according to plan, I plan on shorting if it...
That's the plan for now. This is what I have mapped out for myself. Going to wait until it hits $430 (resistance) and buy puts with a strike price of $350 and expiration of June 20-Jun 25th and wait. Unless it really buckles and moves in another direction willing to wait and see how this plays out. Not financial advice, simply my journal.
I think this makes sense depending on how it has played out in the past. Hope this makes sense. Would love to hear your take as well.
Looking at the chart it seems like this is a fake out to trap all longs before heading significantly lower. Take a look at the chart, a similar setup has played out before and this seems to be exact setup once again. Most likely wrong but it seems pretty plausible. Could see $430 before we head down though.
Please take a look at the notes in the chart. The way things are currently, I think this will play out quite nicely. Not sure of the timeframe but I do think this will all play out by mid May. Let's see. Would love to hear your thoughts.
This is how I see $ETH playing out as of now. I think we are going to form a head and shoulder pattern and liquidate shorts and longs along the way. The final liquidity event will happen once the H&S has formed and everyone is short, that's when it will liquidate all the shorts and push upward. I am very bullish but first we are going to see liquidation both at...
See notes in the chart but I think this is how it's going to play out. Of course, it could go totally the opposite way. NFA.
I think we will see things dip down before another leg up just so all the longs are liquidated before moving up.
Inverse Head and Shoulder on 1H, 4H, 6H and the daily so hopefully it plays out.
The PA on $ATOM is starting to trend upwards. Obviously we are not going to see HH anytime soon but as long as we keep making new HL we will be in the right direction. Would like it to breach the bottom of the top rectangle and start ranging within that box though. Hopefully within a day or two. There's also an inverse H&S forming which to me seems like it's going...
$SOL has tried to break out of the downward trend many time since November but hasn't been able to. Given how many times it has touched and even had a couple false breakout, if it does manage to break to the upside, I think it's safe to say it will be a trend reversal. If it goes below $137, it just might be lights out and we wait a while before we continue the...
I think the bull market isn't over yet. We are seeing a lot of crypto bounce from key support. Anyways, for Tezos, this is what I think is going to play out - see note and correlating numbers in the chart.
I strongly believe that we are going to see a similar pattern emerge here as we did in the past since everything seems to line up quite perfectly. The key here is that it needs to hold the $39,500 area which still puts it at Higher Low from overall trend standpoint. I think February is when it will start to bounce back but until then it might hover around between...