LOL the next bollinger support on the daily timeframe is at or near zero. Thats where the falling wedge ends as well. Good grief! With more expensive electricity that means miners will have to charge buttloads for transactions let alone mining for a loss.....They will just take the L on their equipment and move on. Also Tether is only 2-3% backed.
I see lots of posts about bullish RSI divergence and yet the MACD does not verify the bullish divergence. If the support line breaks look out below. Is it really worth going long to 4120?
wow yeah that middle bolli band would seemingly be the next target and it could be coming up real soon
The only thing bullish I can say right now is that the A/D has not created a divergence YET.....but we can clearly see the divergence in the MACD and the RSI. The A/D is in a rising wedge however and we all know how those tend to play out....
This one is for all the 30k+m bullies out there. I guess you sold the pump already but hey better luck next time!
The RSI support since June looks to break today. A/D at a very critical spot for a rejection off of the previous trenline. The MACD is in compression mode in a wedge formation looking for an expansive move. Bulls have to do the impossible here IMHO and anyone going long here is praying that JPOW pumps $$ directly into the veins of the market.
MACD in desceding triangle. RSI support looking to break here and go lower. PT 20k early SEPT.
VPOC on 4hr lines up with .618 retrace level. A/D at the top of the channel....will distribute to lower channel. RSI wedge compression looking to resolve. Mid OCT puts for this move.
Better look out Bears! This Trendline is gonna take the bulls to 4800 by the end of the month just from pure FOMO! (Sarcasm off)
Yeah this is not gapping above this volume antinode. Good luck bulls! The VPOC on the weekly chart for BTC is 9k.
Look at that juicy MACD resistance and RSI resistance lines....the bears will challenge the bulls heavily in this area.
That RSI trendline just broke on the monthly....16 has to hold or it is very doomy. Have you considered that the double top was a wave b and that would make our currect PA in wave c to the downside? It is something to ponder. Don't get me wrong I love silver especially colloidal silver and colloidal gold. Just something to keep in mind
Yeah so uh don't buy AAPL at these levels. In fact short till 115 then short again at 140 cover at 95.
Lost the mid bolli-band and if not regained will fall to the lower bolli band I'm guessing in 2024. Double bottom buyers here are ignoring the lower RSI and MACD readings indicating lower strenght than at the previous low.
Flagpole down should hit bottom bolli band on the daily chart for the measured move flagpole down. All these 4200 bulls are going to get rekt and all the dip buyers who haven't taken profit will get stopped at 3600 on the way down in a fast liquidation event. Just waiting on AAPL, GOOG and AMZN next week for confirmation.
Doubtful these negative Nancy's will be able to puncture the trendline to the downside.
Yeah this little ER FOMO rally is hitting 2hr RSI resistance + 1/1 Gann line resistance + 2hr bollinger band resistance. Gann for the win again!