RSI in 4hr time frame showing a positive sign. Chart structure looks good for a relief bounce. First target would be 6.7
Trying to make more clearer picture for people to wake up and see the situation from the other side. The psychology of people is the best indicator for markets like crypto. "Culture" of crypto, hype, FOMO for all crypto communities will slowly die because fame doesn't hold long at the top. BTFD worked for some time because every time at some point it will go up,...
If there is more upside then it's not much left. A not likely scenario for moon boys. Luna recently has been a great indicator of what's going to happen to BTC. GOOD LUCK!
To be honest I didn't expected such a move for OIL. Next week I expect to see oil at a new high but probably wouldn't touch the upper line. Weekly divergence and a great opportunity to short.
So far looks like a nice setup. In the comment section, I will leave a log chart. The potential target could be huge.
Weekly RSI shows divergence. Market going to correction seasonality so everything lines up. GOOD LUCK!
Great support, oversold, bearish seasonality is at the end. Longer-term price action. At least a magnificent bounce coming. GOOD LUCK!
Inverse H&S, looking into a short-term rebound. GOOD LUCK!
Should correct with the stock market. January and February are not bullish for oil. First target 72. GOOD LUCK!
Rising wedge pattern formed and 4hour huge divergence. In the near time, we should see a nice pullback.
Right now it's really getting tight. Weekly chart outside of the Bollinger Band too. Overbought RSI with weekly divergence. I guess in the coming days will be a clearer view :) GOOD LUCK!
Luna was only chosen to pump while BTC is getting ready to go plunge but later on this going to get to the ground quickest. This is the sign of a bear market. Really not a healthy sign to go up while other crypto goes to the north. They were doing this with Ada before the plunge. GOOD LUCK!
Crypto coin flushed some blood and found some support (looks so far). Bullish divergence RSI in shorter time frame
I feel like it will take a dumb. Just doesn't seem strong BTC. Take a look at the stock market, it will drag with it.
Better to take some profits because Luna doesn't feel suitable at this price.
In my last post about BTC, I said what scenario coming for crypto and all NFT. After the post, BTC moved down 12%. The structure right now getting more complicated for bulls I just don't see getting 100k worth of Bitcoin in near time, but I can be wrong for sure. If the downtrend goes then I expect some bounce in the 53k area. GOOD LUCK!
BTC inverse head and shoulders. Looks a like a clear setup. For confirmation needs to break. GOOD LUCK!
I can't predict a market crash but stay in clear mind. The divergence is getting bigger between VIX and SPX. VIX is warning us. If everybody calling a melt-up is coming so how the hell do we call this rally from the March 2020 bottom? This market is Vudu... so we can expect anything I guess. GOOD LUCK!