tradepsych

tradepsych Updated 

SOLANA has switched from a Bull Channel to a Bear Channel. We're now on the 7th day of this new bear channel. RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023. If you found this interesting or helpful, click the rocket! --------->

tradepsych Updated 

Gold has tried four times to push through the top of the channel. At the same time, the dollar has broken down and is likely to test the bottom of its channel. The dollar fall should give gold, the strength that needs to test the top of its channel again, and if it closes on the daily above the channel, then look for a big move higher. It will then retest the...

tradepsych

Bitcoin is consolidating for a potential big move up. In the meantime, STXBTC is barely holding the upper VWAP line. If/when Bitcoin starts a bull run, there's a chance people move into BTC. Just keep an eye out. BINANCE:STXBTC

tradepsych

BINANCE:NEARUSDT BINANCE:NEARUSD Hit the rocket! ---------------------------------------------------------------------------------------------------------------------------------------------------->>>>>>>> The oversold line (green) from the most recent high is converging with the overbought line (red) of the most recent relevant low. This also...

tradepsych Updated 

Solana is trending up in it's channel on the 30min chart. If it breaks out through the channel on a candle close, look for it to move higher. If it rejects the channel resistance, look for it to test the bottom the channel and repeat. BINANCE:SOLUSDT COINBASE:SOLUSD #Solana #BTC #SOL #SOLUSD

tradepsych Updated 

Solana has broken down out of a rising channel only to create a new channel. Volume falling for 2 days. What's next? BINANCE:SOLUSDT COINBASE:SOLUSD

tradepsych Updated 

Stacks STXBTC looks likely to pull back toward it's VWAP fair value as Bitcoin profit taking continues. BINANCE:STXBTC The daily candle for STXBTC has fallen below the short-term VWAP over-bought line and is bouncing off of the trendline as support. The trendline is also the same level as the long term VWAP over-bought line. Look for the price of STXBTC to...

tradepsych Updated 

Bitcoin has been in a sloppy rising channel for over a year. It tried 4 times to break out of the channel recently and is now back testing the bottom of the channel. If it closes below the channel on the daily, look for Bitcoin to fall to the support zone which is around $30,000. It's also the midline of a long term VWAP. Selling volume is much stronger than...

tradepsych Updated 

SOLana. Classic bear flag on the 15 minute. Prepare for a move down.

tradepsych

Solana is breaking down at a large symmetrical wedge. Daily time frame looks bearish. MACD weakening trend. Volume is breaking down. Just testing the top of the most recent VWAP range. If it continues down, look for support around the white VWAP line some where between the two yellow support areas. BINANCE:SOLUSD COINBASE:SOLUSD SOLUSDT

tradepsych Updated 

Bitcoin has been trending down in volume over the past few weeks. There’s been a price and volume divergence. Bitcoin just broke below, the trend line on the daily, which was expected on the declining volume. For now, the shorts are in charge until something changes. COINBASE:BTCUSD

tradepsych Updated 

Keep your eye on this wedge pattern for QQQ. If it closes below the wedge line, there is a good chance it falls more.

tradepsych Updated 

The INDEX:DXY is hitting resistance of massive broadening wedge. Big move up or down coming. If it closes above the wedge line, look for it to climb higher. If it can't break through, look for it to retest the bottom of the wedge. If it starts to fall, stocks and Bitcoin will rally. INDEX:DXY COINBASE:BTCUSD NASDAQ:QQQ

tradepsych

Solana is approaching the med-term trend line which is also at the point of a huge symmetrical wedge. Solana is going to make a BIG move soon. History says trend is your friend so if that holds true look for a test of the top of the channel. If it breaks through the top of the channel and resistance trendline and closes above on the daily, look for a big move...

tradepsych

Bitcoin is showing a massive price and volume divergence on the weekly chart. Add in the triple top and Bitcoin headed down IMHO.

tradepsych

MATIC (Polygon) in a perfect symmetrical triangle on the daily. Breakouts tend to go the direction of the trend. Breakout to the upside imminent. Be caution as whales are known to fake obvious breakouts like this, crash the price to scoop up the bags of weak hands then pump back into the upside.

tradepsych

4 Hour symetrical triangle and a MACD that is heading toward the bottom range.

tradepsych Updated 

Formation of an ascending broadening wedge after a trough www.centralcharts.com This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. Resumption of the bearish movement after correction. The break in the support line definitively validates the pattern. The price objective is given by plotting the wedge’s...