We are seeing btc.D in a descending wedge pattern. Short term we see bullish RSI divergence and I believe we have more upside short-term When we reach top of the wedge I believe we will then go down and likely break through the bottom support BTC.D may help navigate what asset (bitcoin or alts) are better to hold. I do think short-term this uptrend will coincide...
Please reference my previous post on the weekly. It appears we have just a little more time to close in the yellow triangle on the weekly. This chart demonstrates the daily time frame. Last time RSI was this low there was a rally of 100$. I expect that there may be more touch of the major support level and then reversal with uptrend. Place stop loss at ~70...
On the monthly view of Z cash it appears to have turned 40 RSI into support zone. We may have more downward trending before a reversal. At reversal point this would indicate continuation of wave 3 via Eliot Wave theory and I am targeting ~ 400$ Open to all thoughts and discussion
Hi all, just keeping things practical - my opinion only. On the monthly time frame I am seeing RSI look exhausted and BTC will likely retrace into the green zone of its logarithmic regression band. I think 30 k BTC will be the new accumulation zone where its had strong support in past I wonder if that means Alt season will come upon us in the coming...
Each time the yellow triangle broke on the weekly to the downside, there was a reversal over the upcoming weeks to the top of the trend channel. This is the fourth time there's a breakout below the yellow triangle. I expect a break to the upside. Set stop loss below the very strong resistances mapped out as horizontal blue lines (very strong levels of support)
NVAX has been in a large triangle forming, A-B-C-D-E if this is the reversal. Short term there is bullish divergence on the RSI between the lows and PT of 150-160$ is reasonable. May be some pullback afterwards, very volatile stock On the bigger picture volume profile is perfect and if triangle breaks to the upside seeing a potentially explosive wave...