Standard ABCD pattern looks promising. .786 1.618
If you are in the crowd that thinks USD has reached a top. Think about starting to cost average into BTC. Many people tend a point to the idea, “more USD in circulation the higher BTC price is.” While this is part of the case I suggest looking at it as “higher the value of USD then lower the value of BTC.”
Just sharing. I’m buying here as this should be entering the bottom portion of a new sideways channel Cheers!
Here is a long term outlook on BTC price potential. 2 days and we close out a bullish candle on the month chart. With 3 days left in the week we could see a spike in volatility on May 1. I wouldn’t be surprised if “big events” happen on that day to support such a move. None the less, if we are at the bottom of a channel without dropping volume we could easily...
This is what I’m doing. Pretty simple and straightforward. Tell me what you think.
Keeps your eyes peeled. The next downturn is expected. Soon
Been seeing this for a bit and I have my confirm today. My confirmation is do to the current strength for a trend reversal in USD. LONG USD SHORT BTC Is the plan. Not financial advice.
Probably a bit messy to post but you all should take a look at the ETH/USD chart. The red box is my breakout area. If the price enters this box it could move pretty quickly. There are GANN lines, FIB lines and other lines of resistance and support on this chart. Take a look. I think if we break that $490 level over the week we see a big movement. Have fun...
Here is a look at the 30 min BTC chart. It's still looking pretty strong for further gains over the week. Here is a little something from the RSI and triangle relation. Looking here we can see the BTC first taps the bottom and the RSI and price move up to the second tap at the top of the triangle. Immediately the RSI heads down along with the price. ETC... A...
Looking at the on balance volume (OBV) we can see where the price direction might be going. This is a divergence on the smaller time frame charts. This is the 1 hrs chart and it's quite visible on the 30 min as well. I suspect we move down a bit more. I'm watching for the OBV to break the support and head down lower bring the price with it. If this is the...
This here is the bull micro setup, which is amongst the macro bullish setup. This is looking like a nice setup for further gains. The RSI supports this as a bullish symmetrical triangle. I'm looking near the $14430 area before the month is over. Have fun trading! This is not financial advice.
After a wonderful short call earlier in the month I am now going long with YFI. Everything is looking nice in the market and YFI completed that head and shoulders drop of ≈ 43% There is a nice divergence with the on balance volume and I wouldn't be surprised to see that go up to the 29k mark before the month is out. IF 29k is reached one could expect to see the...
Just wanted to point out one thing here. So the chart is messier than usual. The on balance volume has reached an all time high. Very bullish. To help this bull case the BTC price is hitting resistance. I expect it to break the resistance and continue higher. Thanks for checking out my post and happy trading! This is not financial advice.
I'm looking at BTC and it looks damn bullish. $12000 - $12300 this week wouldn't be too surprising. Near ATH by the end of the year?? The on balance volume is higher than it was in 2017 bull run. It looks to grow. Riding long term resistance and support wonderfully. Forming a nice bull pennant. Hold on to your butts! Have fun trading! This is not...
I'm looking at a decent +20% trade with COINBASE:LTCUSD At the end of this month (October) we could see LTC price ≈ $64 I can see it getting to the $84 price range by the end of the year. Which would mean that November would be a great month for LTC. Hitting GANN resistance and support nicely At the bottom of long term trend Bullish symmetrical...
As you could see by my earlier idea on ChainLink KRAKEN:LINKUSD I'm bullish on LINK currently. I am a bit more confident now and will be adding to my long position at these levels. This chart is completing a couple patterns harmonic and chart. Divergence on the MACD Bullish with GANN I see $11 - $11.10 as a pretty easy move on it's way back to...
ChainLink (LINK) is looking pretty decent for some upward momentum this week. As long as the crypto market stays, as a whole, LINK just might lead the upward momentum. I have several GANN lines drawn out with green horizontal lines marking potential resistance in it's momentum. LINK traded around the recent 50% fib retracement enough to help make this a...