Notfinancialadvice
Running Flat within a Developing Running FlatLet’s see if this RF at 15 mins can develop into a completed RF at 2-4 hour intervals.
Target 1 4600, target 2 4650
Has trendline support here at old resistance that developed during pullback, rsi over done to downside near term look for it to retrace to its own moving average and the stochastic to begin cycle up from here.
Those mechanics will move the price to the expected levels and we will have a bullish base to move higher than 4650
Bulls and Bears both need to cool it with the Extreme PredictionToo often I see crazy posts following a “big” day.. if it’s really green on a single day bulls are projecting Infinity & Beyond by end of week or whatever; if it’s red on a single day bears are shouting out doomsday predictions.
It’s actually not so exciting. We had a range and technical break which I posted about recently, nothing has been invalidated - target still 50240, becomes invalidated below 41000. In between that we have EMA 5,8 support around current level.
2 most likely scenarios from here:
1) stochastic rsi completes cycle to bottom and price tests the breakout level, black dashed line (at which point it will be oversold and bounce)
2) stochastic turns here around the midpoint and re-tests longer term trendline (light blue diagonal line) for resistance. If that can be re-broken it will resume the path to target.
Yawn.
Foolish man build his house on gapsStill bullish til 473, calls for a discount if you’ve got the stomach. This could go horrible or it could go brrrrr
AAPL Bull 3-16-22For this trade the reason i took it is
1. it is bouncing off the bottom of the channel,
2. it it following apples up trend.
3. macd is showing signs of reversal momentum.
4. RR is entry 150 stop 146 and target 180.
Compound Long - triangle breakout setupAs we can see COMP has been in a bear market since mid may 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone
The project itself is base on De-Fi lending protocols and has a relatively great lending and repayment volume, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in.
I will DCA between 112-91 and take profits at 227-253
𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
GBPTRY breakout - the patternGBPTRY is a great trade as always, even better when traded with 0.0 pips spread and NO swap fees.
On topic - looks like an inverted head and shoulders pattern on this time frame and may rise up quite nicely today, tomorrow, toy Yoda.
Or it would fall under the descending triangle pattern and slide back to where it came from.
Let's have a look-see.
This is just a pattern analysis and not financial advice. When we give advice we usually sign a contract to protect your capital.
Filecoin Long - triangle breakout setupAs we can see FIL has been in a bear market since april 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone
The project itself is based on storing data on the blockchain, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in.
I will wait to have the support verification and the DCA and TP at the Fib zone.
𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
FTM | Q2 FORECAST | PRIMED FOR ANOTHER RUN? Fantom Foundation - The core of the new internet
At the end of Q3 last year, FTMs fundamentals strengthened as infrastructure projects started to line-up and grew my interest for it.
After standard checks & DMOR, along with a nice EMA setup, first entry was made at the end of September and position was strengthened through regular cost averaging.
Happy with the % return, I slowly started to cost average my way out before the end of November.
This year, with some new found technical progression, my main focus will be incorporating that for a clean execution of positions.
Solid fundamentals, untapped potential & mass adoption, I remain enthusiastic on this coin & is reminiscent of Solana's (SOL) run in Aug 2021.
BASE ZERO - recently shared by @TradingMavericks - still working on tightening my reference points
KEYPOINTS in chart
RESOURCES
- messari
- fantom foundation
- github
BTC Update 13I beleive today's green candle is a dead cat bounce amd expect the market to correct lower in the near term which is healthy. The Trend is quite exhausted and the Money flow above avarage moving down. Futher evidence on chain suggest that money is flowing into BTC from other coins. There is more evidence that suggest that moneyflow into is less likely to sell the move up and probably preparing to buy any dip that might present itself.
The 100 DMA has crossed below the 200 DMA which is bearish. The RSI ET ALL on top shows indecision.
BTC channel update 12, 1DGood day to all,
Here is my take based on what I see on the 1 D using Heiken ASHI. Switch to normal candles if you wish.
1. There is a drop in excitement on the emotional index
2. The notable rise in Shorts has flattened out and Longs are gradually increasing
3. Price vs Market Cap (Overall Market) strength indicates money flowing currently out of BTC
4. The market still favors shorts although moving into a high neutral range
5. There is a decrease in Whale and Institutional Smart Money selling the move up
6. Good support at $41779 and resistance at $45521
7. The DMA is worrisome as the 200 DMA is projecting to move above the 100DMA with the 50 DMA currently trending lower acting as resistance (Positive displacement)
8. The RSI, MACD and 50 MA are all positive at time of this post, however we will see if its short lived or have proper momentum
9. The Trend Exhaustion is still very high although moving slightly down
10. The Price vs Whale Money flow is moving up slightly and are diverging with the Trend Exhaustion. I am not ruling out that the Trend might follow suit pushing the price further into an oversold area.
11. The Pressure indicator on top does not indicate any significant market pressure which would normally indicate an strong move in either direction
Kindly like and comment if you can, thanks
BTC channel update 11, 1DJust a hunch. There is clear divergence between the Money Flow and price with Money flow increasing strongly and price projects downwards. The daily trend is also moving down from an exhausted level. Looking at the excitement in the market and the market cap strength vs price increasing it seems that BTC is setting up for a short move soon (creating a short term FOMO first). There is clear on chain data that show Whale and Institutional Smart Money are selling.
Have a nice day.
CHAMBLFERT Long ideaCHAMBLFERT has been in a good uptrend. This is not a financial advice and I am not an experienced trader.
BTC channel update 10, 1DGood day to all.
I observe the following on the daily.
1. Emotional Index is Excited
2. Shorts are declining and so are longs
3. Trades in favor is high neutral favoring shorts
4. Institutional Smart Money is still buying and will most certainly short the move up.
5. An exit point or short indicator printed
6. Death Cross still in place.
7. There is not currently a huge amount of pressure in the market
8. The trend is showing weakness
9. The Money Flow is showing weakness
10. I will personally do nothing long until we break and confirm the 50 MA
11. Price action lags behavior.
Have a fantastic day. NFA
ANY/USDTANY/USDT looks that it broke the bearish trendline on short term
but it still needs a high volume for confirmation
so breaking the bearish trend line is just a sign to place it in the watch list zone
take care:)
Insane Bar pattern Found. HUGE 911 look asap BITCOIN emergency Watch what MM crypto says. "Technical target of 20k for breakdown of "H&S"
www.youtube.com came out today as of 1/10/22
and what this guy says watch what he says about the h&s youtu.be
Im seeing a pump/bulltrap to 47-52k according to this bars pattern. At this point I would take profits and stay safe in USDT if you are in profits. If you are in losses, even at 47k + then i would consider cutting losses. (NOT FINANCIAL ADVICE) You do you, I'm simply giving you a heads-up that has a huge chance of playing out.
Don't forget, bitcoin for 2021 is in a rising pattern.
Stay Safe.
A dubious speculationWatching MA 20/100 BLX / Support at 20 seems to be broken or about to be broken, BTC may surprise us by presenting this one last opportunity of accumulation whilst the big boys are entering the space slowly. There is a major power shift of power happening right now in Crypto space and I personally would like to request everyone and specially retail buyers to be alert and do not loose hope in BTC, even if we bag profits we need to keep that in mind that we cant ignore or abandon BTC and ETH coz if we did, you will witness a heavy centralised and controlled environment in future and we will indirectly loose it.
Imagine if one or few entities hold the big bags what will happen, stuff will be or it is already getting ready to be backed by these two major crypto assets we know as BTC and ETH, but what will happen ?
So please buy back what you sell and buy more at a zone that is at your comfort or allowance, we need to keep these two assets for and by the community!
I also hope that all big players and entities work closely with the regulators so that the message can get across in a clear manner that we all want this space to be embraced by the world and make it better for all so that an average person can feel safe to participate in crypto.
Disclaimer:
This is just my personal opinion and I am not a financial advisor nor do I have any knowledge of technical analysis, please, please do your own research, this is highly risky and volatile space and you can loose each and every cent that you invest so only invest what you can afford to loose completely!!!
stop listening to the news and follow price action 🤷🏾♂️$SPY is forming a descending wedge out of of a recent double top. This should bring us right back into the ATH. Then the fun begins...🤔💭📉📉📉
I'm looking at around $480 as the target.
Think we will see $448-450 then a huge bounce into $480...
AMC just my takeMay not be right but just what my take is on this. its been a fun ride but ready to see how it plays out.
