spaznull

spaznull

Playing devils advocate. I said if BTCUSD broke through the downtrend channel from the 20k all time high. My views will change. This channel is lasting about 70 weeks. The next steps for Bitcoin seem to be testing the upper limit of this well established downtrend channel. More info on this trend channel can be found on my charts HERE and HERE . The...

spaznull

I said I will change my mind about the market the moment BTCUSD is out of this channel. We are nudging against moving out of it right now. Here is a macro view on the down trend in it's entirety. The most recent week's candle fits right between a 50/200EMA. Our Squeeze momentum indication is turning over to positive volatility, I have marked the 6k we all see as...

spaznull

Here's a further back view of the ETHUSD pair from Coinbase. This downward channel has held since the last all time high. Looks like a 50/100 MA cross over shortly. The squeeze momentum indicator is wanting to have a cross over to positive volatility. There was a breakdown of the channel from Nov. 18, 2018 to Dec. 17, 2018 with prices between $79-$100. There's a...

spaznull

Here is the BTCUSD channeling one year later. Formed between an inside pitchfork from Sept. 11th, 2017 - Feb 5th, 2018. The 0.75 inside range has held true and helped me for a year now. I have marked yellow dotted supports for the next however long it stays within this direction. All the way down to the $700's area. The blue solid lines are old up trends from...

spaznull

A year later and we are still within this same channel. I see a continuation of our current state for Litecoin until this breaks. This next several weeks is a key moment for this market. Good luck and be smart.

spaznull Updated 

BTC is about to have a 25/50 MA bearish crossover on the weekly candles. Still within the pitchfork from mid Dec 2017 all time high. Squeeze momentum shows increased negative volatility. Watching for drop below $5900.

spaznull

I hope you all have been taking advantage of the raise in value of TRX. I opened this 1W chart for the first time in months. Finding this orange trend line. Only to be surprised that it has been holding up for about a year. Both as support and resistance. The white horizontal line was the closing value of TRXETH at it's highs. The red line being the wick of the...

spaznull

I can see which way TRX is going. What a fun project to trade. Perfect for intro traders. Keep an eye to see if this breaks below the 10MA I have here. I will be watching for a 50/100 crossover as well. If this works it's way up to test the skies. I will be selling half my bags around the 2k sats.

spaznull Updated 

Even if tomorrow BTC tumbles down the frozen mountains of Mictlan to face Mictlantecuhtli. I would say this has been a crazy successful last 3 years. Cheers to all the developers and investors to get it this far.

spaznull

SUB recently broke from a wedge reversal. When the candles started moving up, the Squeeze Momentum Indicator shows a sign of a squeeze in volatility noted by the black crosses on the median line. Circled on both the chart and indicator. Currently we are pushing against the 6100 sat resistance line I had noted in my previous analysis with a nice full body...

spaznull Updated 

I wanted to explain one of my favourite tools that has benefited me in recent weeks. My goal is to open people up to alternative tools that may not be within their immediate choice. This will be a simple introduction with an aim to help inspire people to study further. Squeeze Momentum Indicator The indicator designed by LazyBear is a good tool based on the ...

spaznull Updated 

For every action, there is an equal and opposite reaction. A broader picture: At times like this. It's probably best to take a step back and look at a broader duration of the chart. BTC has been a confusing mistress the last few months for a lot of newer faces diving in the later half of last year. People who have been around longer than a year have seen times...

spaznull Updated 

SUB has had a breakout of it's semi long downtrend channel (Shown in red) that stretches back to early Jan. It has not broken through the channel's 1.75 and 2 deviations (Black lines) yet. It is currently testing the upper and lower lines of the breakout pitchfork channel. The 4H had failed it's first attempt to break the 6050 sat resistance (orange line). If...

spaznull Updated 

TRX is having a little bit of momentum in the last couple days. From my previous post HERE . I was saying to keep an eye out for a boop right through the 1.5 deviation of the downward channel (Yellow channel, 1.5 deviation being the lighter background shade). The sideways market pulled the candles right through. This happened right where the orange 50MA was...

spaznull Updated 

BTC seems to be heading for fortune. It BOOP'd out of the downward channel stretching from Dec 17, 2017. It looks like it has full confidence to break through the 1.5 deviation (Cyan lines) I have highlighted in green some key levels I will be keeping an eye out for. These are approx values. If this is indeed going up and up and starts breaking through...

spaznull

Tired, oversold and losing momentum. SUB is stuck in the 1.5 deviation of the downtrend channel it has been stuck in since the all time high. I often keep the 1.5 line in place to make sure it has fully made a trend change. It had failed to bounce up before a threshold I was keeping an eye on. Some positive news can help this BOOP right out. Some swingers who...

spaznull Updated 

Here we have a channel that had been formed using an inside pitchfork. I believe it was below the median line due to people losing faith in such a large sell off of TRX mixed with the FUD in the crypto space. Those who HODL will do well. What I am seeing is a nice little bump in faith around the Feb 9 moving the candles above the median. We have tested the upper...

spaznull

Here is another view of my LTC post from Feb 14th found HERE . Setting it to a 1D view not in Log format. Pitchfork fit's pretty well still. Once again I think one more Boop off of the support would make this channel stronger. Here is the MacD that looks like it could possibly be setting up with a familiar shape from the mid December 2017 run up. IF this is...