Clueless_Trader200

Clueless_Trader200

ATOM has been consolidating within a parallel channel ever since it had its major break-out. We have seen two tests of the upper trendline (resistance), and we're currently seeing a third retest of the bottom trendline (support). Its important that BTC continues its bullish momentum which will allow ATOM to complete its next move up. I would recommend that you use...

Clueless_Trader200

RSI on daily timeframe is showing regular bullish divergence (price making a lower low but RSI making a higher low). We saw a pump while we were waiting for the cpi data only for markets to dump when said data was released. I think its possible we see something similar here. Most analysts agree that a 75 basis-point hike is pretty much a certainty at this point...

Clueless_Trader200

BTC is forming a head and shoulders pattern on shorter timeframes (2h,4h). The right shoulder is still forming or it may have already formed. This pattern will be invalidated if the price rises above the head before it breaks the neckline. I am personally expecting a pullback just because of how much liquidity there is below the double bottom we formed around...

Clueless_Trader200

We see three drives of regular bullish divergence on 1h chart (BTC made lower lows while RSI was making higher lows). I personally think we will see a small move to the upside for now. If we're unable to take over areas like 23k (200 week MA), we will likely continue going down over the long run.

Clueless_Trader200

BTC breaking out on 15 minute timeframe. I expect it to retest around 20,600. Tomorrows cpi data should determine overall momentum as we move forward. GL

Clueless_Trader200

Trendline broken and currently being retested on the hourly timeframe. Target = 20,990

Clueless_Trader200

If the wicks are respected from previous highs, then this would be the first legitimate retest of this trendline as support. 19,700-20,000 zone has also acted as a support in the past so I'm expecting a short-term bullish move from here (also because 4 hour stoch is quite low and ready to turn back up). I'd feel more confident about this move if we can start...

Clueless_Trader200

Previous parallel channel coming into play again. The support from that channel is now acting as a resistance. BNB will likely pull back from here and return to about $200-205 before making the next move up. I expect BTC to also pull back from its current level and go test the 18.5-19k zone. We have seen a period of sideways movement after every significant local...

Clueless_Trader200

LINK has been forming a massive falling wedge. If BTC bottoms out in the coming weeks, LINK will most likely break out to the upside. Good Luck!

Clueless_Trader200

This is my analysis of LINK on the daily chart. Currently, price is traveling inside a parallel channel which can also be called a bear flag (blue lines). Technically this is a bearish setup and it implies that another major move to the downside is coming. As far as I know, the best scenario bulls can hope for is a dragged-out consolidation phase. If LINK keeps...

Clueless_Trader200

PEOPLE is showing hidden bullish divergence on both 1 hour and 4 hour timeframe. Hidden bullish divergence is when price makes a higher low but RSI makes a lower low instead. It typically means continuation of existing trend. Existing trend here is upward so its possible we see PEOPLE go on to make a higher high. Do your own research and trade safe.

Clueless_Trader200

RNDR was in a clear downtrend the last few months and it seems to be breaking out now (as are most altcoins). There are several ways to draw trendlines. Some people say respect the wicks, some people say get as many touches as possible. I personally don't care about either; I will use trendlines that make the most sense, not the ones that look the prettiest. One...

Clueless_Trader200

2 things to look at: 1. Price is still travelling within an ascending channel and it is still facing rejection at the top of the channel. 2. The downtrend may have been broken if my trendline was drawn correctly (on 4 hour timeframe). We can see that price came back to test the trendline as support and closed above it. If the price fails to break out of the...

Clueless_Trader200

How did I draw this trendline? I went back to previous cycle and tried to find valid trendlines using 4 hour timeframe. I then used the setting where you can extend trendline to see how it performs over time (past or future). This was the only one I could find that is relevant to current price action. On smaller timeframe, it showed bulls were getting weaker and...

Clueless_Trader200

As you can see, SAND has come down to retest the 200 period EMA again (on 4 hr timeframe). This EMA has acted as a strong support and we have seen an immediate recovery on 6 of the last 7 retests. I'm expecting SAND to move up from here but that doesn't mean it will break out and go make higher highs. On daily and weekly timeframe , SAND seems to be forming a...

Clueless_Trader200

I published an idea a couple of days ago regarding a potential inverse H&S pattern. Shiba ended up moving sideways for a bit before finally forming the right shoulder and completing the pattern. If Shiba doesn't break out soon, I see it going back to retest the 200 period EMA.

Clueless_Trader200

Shiba has already formed the left shoulder and the head. It looks like the price may head lower to test the 618 level and potentially complete the inverted head and shoulders pattern. Of course its also possible that shiba breaks the trendline resistance and heads to the 64-65 range but a breakout seems unlikely given the current price action.

Clueless_Trader200

Shiba is forming a symmetrical triangle on the hourly timeframe. We could see an impulsive move to the upside soon.