BTC.D 🧐 The altcoins usually are smashed in bear markets. Even if all the macro indicators are bearish for BTC, the dominance has one final chance to go lower.. The probability is low and the portfolio and percentages should be calculated accordingly. Always a smart plan is to be prepared for both scenarios. Tip: A plan that is written has more chances...
Chiliz is Testing a Double Bottom Neckline as Support above the 55 Day Moving Average with Hidden Bullish Divergence visible on both the MACD and RSI.
This looks to be in the Early Stages of Confirming a new Downtrend as it's attempting to test the 55 Month MA as Resistance after Breaking Below a long established Trendline while Taking the RSI under 50.
The SPY looks like it might be setting up for a temporary bounce off potential support and the 55 week SMA and EMA. We may see a rally up to 450 before continuing down later on this year off what could be potentially a Massive Head and Shoulders Pattern that would take us down to new lows.
Tezos has already had its retracement on the daily chart and is already rebounding in the value area as shown by the volume profile and the 55-period EMA, now with patience we will see a bullish run to at least $9 again.
LINKUSD has bounced off of a critical area and is looking to break out of a descending parallel channel and reclaim the 55EMA. If we can do that I will be bullish. As it sits I am neutral until the reclamation happens. If BTC can behave and start to range between 36/38k then it should be time for LINK to make back its' gains of the last week.
As I noted in my last post, if the 55 MA and the 618 Fibonacci level did not hold we would continue to make a downward move. That is exactly what has happened. we also have a perfect tap on the downward RSI trendline. Volume on this latest candle was extremely bearish. Now to see if the 200 MA will hold
Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! When looking at TSLA on the Daily TF we can clearly see that it is currently trading a triangle and has successfully bounced off the ascending S/R line. It is currently battling the 55 EMA and looks like...
Today’s Analysis – NANOBTC – consolidating within its daily support zone as holds above the 200 EMA Points to consider: - 200 EMA S/R flip - Macro trend reversal - 55 EMA visual guide - Increasing volume - Oscillators neutral Nanos recent strong price action forming a successful S/R flip re-test of the 200 EMA on the daily timeframe indicates early signs of...
Today's analysis – ETHUSDT – A bearish re-test of local resistance will form a local swing high failure, validating a short trade with daily support as the immediate target. Points to consider: - S/R flip - 55 EMA (visual guide) - Below average volume - Oscillators below 50 ETHUSDT needs to hold the re-test at local resistance to establish a lower high...
Todays Analysis – LENDUSDT – Breaching its bear-flag neckline looking for a trend continuation. Points to consider: - Support Confluence (higher low) - Bull-flag (trend continuation) - 55 EMA (visual guide) - Increasing Volume - RSI above 50 - Stochastics overbought LEND held local support, in confluence with .618 Fibonacci retracement upon retest of the...
Please see chart for similarities in RSI structure and how we dipped right under the point of control before take off. Also see how we rode the 55 ema the entire time. It's beautiful. I believe we will moon today. If we lose 9k I think we may slow bleed until 8.2k and hopefully that holds. If it doesn't I will become a macro bear :(
#Bitcoin is currently moving between the 7950 and 7650 range using the 55MA and 200MA as Support and Resistance zones on the 4 hour #BTCUSD chart. Trading this range until confirmation of a breakout.
So, WAN did its re-trace, made an initial recovery. We are sitting above a 50 RSI on the 4 hour. We are sitting just below the 55 EMA. Our golden cross is still in tact. We could have a break-out soon. If we get rejected, I could see a potential short term double bottom.
Hi there, As the titel says, I think its time to zoom out from our 4hr charts and just be really realistic here. BTC has been in a downtrend since its ATH at 20k$ and the only thing I hear each single day is the that BTC couldnt possibly go lower than 7k blablablabla, guess what happened. I thought it was time to look at the bigger picture and just to zoom out....