xtremerider8

xtremerider8

JUST SEE CHART Metals are getting some life at last!

xtremerider8

Link saw a decreasing volume while going down signaling the end of consolidation. Potential H & S measured fall may play out first before a big rally similar to BTC which may go down first to make a right shoulder of an inverse H & S before big rally. However, this may not happen coz STOCH is near oversold so it may just rebound from the neckline To target next...

xtremerider8

I recently found an impt trendline connecting the Dec 2020 low of 42k to the Mar2020 zone. This trendline is actually the neckline of the Inverse Head & Shoulder forming in BTC so this must be impt. BTC already completed the RS & Head & recently went down to make the LS. Suddenly I remember the 1.5 B Elon Tweet last AUG 2021 which started a big rally to 69k. Well...

xtremerider8

Atom (Cosmos) may range trade for a while bounded by the support & resistance zones until a BO with conviction. In the short term, it may still go down to retest the low or the uptrend line before a reversal rally. I’m not sure if you can consider that a diamond reversal pattern. Not trading advice

xtremerider8

The reason why DOT behaves like BTC may be because like BTC & ETH, many institutional investors are holding it. It was one of the first big winners last year. After plummeting straight down with decreasing volume, I think DOT is ready to reverse. It was recently rejected by the 23 pivot so it may go down first to retest previous low before a big rally. Note the...

xtremerider8

HBAR, recently added to eToro with AVAX, only has dma50 & a thin cloud to prevent it from BO of the wedge next few days. Entry at this level have a very large risk to reward ratio. Note that HBAR has been consolidating inside this falling wedge for a long time with decreasing volume as it plummets down. I think most of the weak hands are already shaken out...

xtremerider8

Good news: eToro just added AVAX & HBAR my favorite. AVAX chart behaves like BTC. I think its hidden agenda is also, like BTC, to retest 115 which is the intersection of 3 impt lines: the GANN fan line, a horizontal resistance & the blue uptrend line started in Aug 2021. It broke this line last Jan & is now going back up to retest it. (BTC already went back up &...

xtremerider8

In my last post I said BTC at best can reach the 46700 to 49700 green zone where the Pitchfork median (yellow eclipse) is located BUT will still be rejected down. However BTC fails even to hold the red 42k to 43500 zone that it broke thru 2x last week. Worse, it did not even broke thru the very thin Ichimuko cloud & turned down yesterday with a big red candle...

xtremerider8

SHIBA had a little bounce temporarily evading a deathcross. (Green dma50 x the red dma200). There are many possible supports just below like the GANN fan line, the horizontal support zone, the converging dma 50 & 200 & the Ichimuko cloud if it is able to break through next few days. (That will be bullish) Resistances above are the blue dma150 & the violet dma 100...

xtremerider8

MATIC not yet oversold yet, may retest the low side of channel, then bounce up to make a new high. (wave 5 of wave III)

xtremerider8

Just an update on my recent ETH post The flagpole was not able to touch the upper side of the falling wedge. ETH right now is fighting heavy resistance in the 3050 to 3330 zone trying to get inside the Ichimuko cloud. Overcoming this zone may lift ETH to 4000 to 4200 zone, the measured move of the flag formation. However, failure to hold 2900 will send ETH back...

xtremerider8

XRPBTC completed a very big diamond reversal pattern & is also forming the right shoulder of an inverse head & shoulder pattern. Measurered move of H&S shown on this weekly chart. The Bollinger Band is also very constricted in the weekly but have already expanded upwards on the daily. (BIG MOVE IS COMING!) It came down to retest a pivot support & so far holding...

xtremerider8

ETH now at the heavy resistance zone. It is also near the edge of the falling wedge as well as the cloud. Good news is that ETH bounced off the lower upchannel ( also the pink dma20 line) with a big green candle launching it into the cloud & right now it seems to be consolidating & forming a flag to push it exactly above the cloud in this daily chart. That will be...

xtremerider8

Mana just broke out of cloud & the violet dma 100 & is now technically above all short & long term moving averages all properly sequenced except this dma 100 but it will soon. BO of the long downtrend line early FEB may have confirmed the bottom for ABC correction & MANA is now In the new ELLIOTT WAVE cycle. It bounced with a big green candle from the pink dma 20...

xtremerider8

ADA definitely has form a diamond reversal pattern but after being rejected by the green dma50, it is fighting hard to hold the compressed short term dma lines( 5,10,20) Notice that volatility is greatly reduced & the Bollinger Band is getting very narrow signaling a very big move coming. Although my bias to to the upside, however, bulls need to hold the 1.0...

xtremerider8

BTC looking bullish for now, staying above all short term DMAs (5,10,20 & 50) Bollinger Band & the pink dma 20 are pointing upwards. There is only a thin resistance at the cloud so maybe a 5 to 10 % upward move still possible. However, the violet dma 100 is coming down fast to stop the bulls. The red dma 200 line is almost crawling on the very strong pitchfork...

xtremerider8

Doge is still at the lower half of the diamond so there is a good risk to reward ratio. Sorry for all the crowded indicators, I just want to point out some impt things so bear with me. Bollinger Band is getting narrower & expanding upwards. The pink dma20 changed from maroon to pink & start pointing upwards. Candles holding above the pink dma20 for a week now &...

xtremerider8

XRP have strong big green candles lately but few small red candles…& a good reversal set-up. It formed a flag pattern with the violet dma100 & the blue dma 10 as the boundaries. The pink dma 20 turned bullish pointing upwards at a 45deg angle…just crossed the green dma50.(20x50) It seems it finally broke above the Ichimuko cloud which is very bullish & the future...