Bearish divergence forming on 2h at this level of confluence
Another one showing bearish divergences on higher time frames at a critical level of resistance
Another one at a significant level showing bearish divergences
Another one approaching an important level of confluence with bearish divergences
Bearish divergences appearing on a lot of these altcoins after today's pump into some very significant resistance levels. Will be doing a setup dump
We just broke this large bear flag that we have been trading in for a couple weeks. On the daily we back tested the 21 day EMA and got perfectly rejected from it, on the 4 hourly we just re-tested the breakdown which also had perfect confluence with the 21EMA and vwap plus a local golden pocket and we were perfectly rejected again. If this plays out like a bear...
This fractal is replaying and projecting that we are about to dump down from this W to form the inverse head and shoulders which will actually represent the bottom before the reversal. The 1.618 fib level will predict the bottom which just so happens to be in perfect confluence with the last time we played this pattern out. I'm short from here and will long the...
So we have this major upsloping trendline that lines up perfectly and has played significant support/resistance in the past and on top of that we're right in the golden pocket if you pull the fib from ATH to 0. Also there's a bullish divergence on the 3 hour on Market Cipher B which is usually a pretty good sign that we're hitting bottom. We may only end up going...
Based on Market Cipher B on the weekly and the fact that we tapped the golden pocket down here and we held this bottom trendline, it appears to me that we have found bottom. Both the VWOP and the RSI on Market Cipher have started hooking upwards with this new weekly candle and things are starting to look up again. Our last confirmation will be the coveted green...
This 1.618 in confluence with the top trend line provides another perfect short opportunity on Matic, especially with the bearish divergence showing up on Market Cipher B. Huge potential gains and if you play it right, not a very risky trade considering the strong area of resistance we're at
Not only was this the 0.382 golden pocket that I had previously posted but check this out - pull a fib all the way down to the lowest low on the chart and it falls perfectly in the 0.618 as well. I took a long from here as the confluence stacks up and the bullish divergence starts to become more pronounced on the lower time frames
Right around $1.79 - $1.80 you have this 0.382 golden pocket in perfect confluence with this upwards sloping support/trend line and cash flow coming up on the lower time frames. It would be hard to find a better long setup on MATIC
MATIC is currently bouncing off the center line of this channel that we've been trading in for a long time. The center trendline also falls in an area of confluence with the 0.618 golden pocket and market cipher B is showing bullish divergence on the hourly as we are consolidating. Looking for a potential move up towards the top of the channel
MATIC has a huge bearish divergence on the 12 hour as it's rejecting perfectly off this 1.618 level. This would be an amazing short if it plays out how it should. I could see it coming down to $1.75, maybe lower. That would also be a great entry for a long once it comes back down around there
If ETH breaks up out of this triangle we will be looking at new all time highs shortly thereafter as we head back up to the top of this macro channel. First target ~$5266
Matic is one bounce away from moontime - you can see the bullish divergence forming on the 4 hour and the daily is about to print a bottom. When it taps this golden pocket one more time around $1.49 the next stop is the top of the macro triangle and hopefully beyond
Looking like a big falling wedge/bull flag finding support on this macro golden pocket/area of confluence and currently printing this perfect trigger wave/bullish divergence on the 6 hour and 8 hour. We're ready for the next leg up!
If you pull a fib and put the wick on the 0.236 you'll get the exact level where the inverse head and shoulders bottom will be. That's the next swing long