Ambassadorj

Ambassadorj Updated 

BTCUSD run up appears to be coming to an end for this cycle. HMA on the lower time frame charts is acting as strong resistance at 103 k and 1W RSI shows obvious bearish divergence. BTCD is also looking like it is showing weakness after a slow 2 year uptrend and likely will start to make continued bearish moves down to upper 40% range in the long term. Once 92k...

Ambassadorj

Ok. If historic trend pattern continues....would expect sideways movement between low 4k and mid 5k with possible spike to 10k-ish possible (6-7 months based on past performance?) in the mean time. Would consider entry points below 5K to be reasonable to HOLD for long term profit taking as low 4K support trendline appears to be intact with multiple bounces since...

Ambassadorj Updated 

As above.

Ambassadorj Updated 

As above. Don't fight the trend and hysteria cloud your judgement. Crystal ball says ATH after next halving in 2025 as per usual unless black swan event(s). Good luck traders!

Ambassadorj Updated 

As AlanSantana so keenly observed and was spot on in the analysis previously posted on TV...YFIUSD looks to be repeating this pump and dump descending triangle pattern. Watch again for breakout once it approaches the descending resistance line again. Will follow. Good luck traders!

Ambassadorj

Got a decent local bounce and support off of bottom red trend line of the triangle. Likely new target is top of the upper red descending trend line at 0.000028. Will follow. Good luck traders!

Ambassadorj Updated 

As above. Broadening wedge looking in paly for BTC price action on the daily chart and looking bearish in the near term. Watching for continued supports and resistance levels and any bearish or bullish breakout of upper and lower trend lines of the wedge. Will follow. Good luck traders!

Ambassadorj Updated 

As above. Looks like hit local bottom at 0.000018 and price action looking for possible pump but need to break out out of 0.000025 resistance to confirm. 1D MACD trending back up to zero line as well. Possible targets if bullish trend confirmed are 0.000034 to 0.00004. Will follow. Good luck traders!

Ambassadorj Updated 

US recessions since 1980 plotted on the T10Y2Y 3M chart. Orange circles indicate value on the curve and the Stoch RSI value at the start of the first month and year of recession. Red vertical bars are length of recessions. Orange vertical lines on the Stoch RSI are the first month and year of the start of the recession. Good luck traders.

Ambassadorj Updated 

As above. Looks like H&S formation on 1W and 1D charts. MACD on 1W is below the signal line and looking close to crossing baseline, which is bearish type momentum. Overall, short term outlook looks bearish and may have potential for price action to tend towards previous bottom below 0.02 to 0.013 and nearly 100% retracement from local ATH in April of 2024....

Ambassadorj Updated 

As above. BONK looking bullish again and broke out above neckline of inverse H&S. Possible final price target noted if it the inv H&S pattern continues to play out. Will follow. Good luck traders.

Ambassadorj Updated 

As above... 1W chart showing bullish MACD divergence and recent breakout of descending wedge. Price action is currently testing July 2023 local highs near 0.0248. Currently oversold on daily RSI, but if uptrend continues then 0.028 a possible next target. Would like to see volume pick up though. I think overall looking bullish going into the end of 2023 and...

Ambassadorj Updated 

As above. Rising wedge present on 1W has a ~60% chance of a bearish break once it violates the bottom trend line. Potential targets if this bearish pattern occurs is ~$1300, $1000, and back to $900 low. Will follow. Good luck traders.

Ambassadorj

As above.... Big descending triangle on the monthly chart. Statistically a much better chance of breakout for a bull run in the distant future.... 2025?? Will follow. Good luck traders.

Ambassadorj Updated 

As above. Bears are out of hibernation......

Ambassadorj Updated 

As above. Well so goes BTC, so goes SKL etc. There is a channel that formed and we might see price recover to 0.7 area again but uncertain what it will do after that. I would be cautious to interpret this as a bull flag pattern that is developing until we can confirm breakout of upper trendline with higher volume. Good luck traders!

Ambassadorj Updated 

As above. 1M chart looking likely for continued bearish trend. Watch for break in yellow channel support line and likely long term red diagonal resistance line on the way down. Will follow. Good luck traders.

Ambassadorj Updated 

As above. Total crypto marking ALTs looking bearish. LTCUSD long term 1M trendline intact and likely continued correction down to $50 level again. Will follow. Good luck traders.