One of my biggest bags $LINK starting to warm-up, breakout of descending resistance & retest stretching back to the 10th May 21, the $LINK/$BTC chart looking good too. Not many people on CT seem to be talking about Chainlink which is most definitely a good thing, think this will surprise people in the months to come.
If you're in Stock Market, Crypto or Metals positions you need to have one eye firmly on the Dollar index chart, seen a lot of panic/fear across all markets the past week or so which is 9/10 a buy signal for me personally. The 1D chart is printing a bearish divergence on RSI which is the perfect recipe for price appreciation/continuation across all markets I just...
$TSLA is forming a possible inverse Head & Shoulders pattern, as long as the right shoulder holds support & we dont see a sustained period of consolidation below the neckline I'll be watching this for entries, confirmation will be a break of the neckline with convincing volume & the best entry would be on a retest. Still have weekly bids in place between $500-450...
$LTC Litecoin is brewing & preparing a huge move against Bitcoin with weekly RSI bullish divergence which began all the way back in *MAY* last year, once Bitcoin cools off and finds a range & we see a LTC/BTC daily trend change I expect a MASSIVE Litecoin move both on the BTC & USD pairings, if you don't have any Litecoin exposure you're seriously going to regret...
$TSLA Tesla is in a daily downtrend however we've seen a convincing bounce off the 0.382 fibonnaci level & reclaimed the 20MA which is a very promising sign, the 12EMA has been a brilliant weekly support since April 2020 however this is now being tested as resistance the past couple of weeks. The 50MA is perfectly aligned with the 0.5 fibonacci level which will...
$DOT is retesting the descending trendline & providing a perfect long entry right now, perfect S/R flip.
$ATOM is looking good for a breakout on the 4HR chart, price is right at the descending trendline resistance & RSI has already had a breakout & retest which has proven as a leading indicator with $DOT & $ALGO trades made within the past 24 hours, these had the exact same technical setup & have seen +20% moves.
$ALGO has consolidated beneath the descending trendline for around 2 weeks now, RSI shows a breakout & retest, price action should follow. I'm buying some here preempting the breakout with a stop loss beneath the recent 4HR swing low.
Bitcoin has seen the 4HR ascending trendline breakdown following confirmed RSI bearish divergence & we should see bears follow through over the coming week, $48,500-$47,500 is my first area of interest & $42,000-$41,000 the main area for long term positions with maximum risk to reward opportunity.
$ETH has printed a RSI weekly bearish divergence & I'm patiently waiting for a retest of previous ATH in the $1480-$1350 range if the opportunity arises, note when Bitcoin broke it's ATH we never ended up seeing a retest of it's ATH so this scenario could be front run & we might not see this play out. One thing i've learnt over the past 4 years of trading in these...
A significant ETH/BTC move is incoming which will dictate the coming weeks & possible continuation of large % gains in the altcoin market, IMO this looks to be setting up for bullish continuation which will see Ethereum head towards $2000+ in the coming week & continued explosive moves across the rest of the market.
$WAVES is looking brilliant on the USDT pairing, successful bull flag breakout with conviction through $9.32 resistance, we've had a successful retest of this as support & any further dips towards the $9.32-8.86 range are for buying. Measured target for the bull flag breakout is $14.84 (+50% from here), once the BTC pairing breaks out above its resistance this...
Heavy in $WAVES right now because of its fundamentals & the TA aligning for a decent move in the coming weeks, the BTC pairing has been ranging for the last 12 hours and a breakout/down is imminent within the next hour, watching this closely.
Ethereum is approaching the end of the ascending triangle on the 4HR timeframe, if we see volume coinciding with a bullish breakout above resistance ($1256.98) then there's no doubt we'll see $ETH test ATH & likely break through. Technical target is around $1620, however with a breakout above ATH i'd expect ETH to pull a far bigger move & head towards $2000 as...
Bitcoin is tightening up on the 4HR timeframe, as long as we bounce from the support trendline we'll continue to see big % moves across the altcoin market. Playing several altcoins currently including $LINK, $WAVES, $YFII & $ETH. There's currently 4 days & 8 hours of this range remaining, will be wise to revert completely into $BTC awaiting a decision with stop...
Bitcoin has broken down as mentioned in my post yesterday touching $35,111 on Binance, if we can hold the support & find a range over the coming days, we should see liquidity flow from Bitcoin into Altcoins, particularly large caps (ETH/LTC/LINK etc.), a lot of these charts on the BTC pairings are showing strength after bullish divergences in oversold RSI...
Bitcoin is tightening up & a break is due within the next 7 hours, a break to the upside will take us towards $45,000 & a break to the downside towards $36,000.
$BNB Binance Coin is primed for a huge move on the USDT pairing which has broken out above all time high the past couple of days, all eyes are now on the BTC pairing which has formed a falling wedge on the daily timeframe. Once this breaks out with convincing volume, there's no resistance on the USDT pairing above the recent high. I have a bag $$$$.