GunthVGK

GunthVGK

As we emerge from the weeks of red we’ve endured we see some light! Or do we? Is this a setup for BTC dump on our faces again? Well all I know right now is the daily is ranging between these MA’s, RSI crossing 50 we’re getting some bullish movement but we are also still under the 200 ema.

GunthVGK

With a few key levels I jotted down we can see BTC has yet to even break the downtrend and show some relief.

GunthVGK

BTC is nearing its lowest daily close since the start of the last ATH breaking rally. The last few days have had plenty selling pressure, will it keep up?

GunthVGK

Made this trade baked, let’s see what happens. Bottom oscillators are showing plenty more room for downward movement.

GunthVGK

As we see with CRO we’re sitting on neckline support of the H&S and the vpvr shows support and buying at the neckline. If CRO breaks down we have a near support. Below that is an abyss, haha. Quick little idea for me to look back on later .

GunthVGK

BTC is returning to a strong resistance turned support while also forming a descending wedge. While it’s too early to say if the support will hold/break in the bullish case we can see Bitcoin break out of the wedge, potentially trade sideways before breaking upward resistances and continuing its run from 33k. Figured I’d post a simple very basic analysis I’m...

GunthVGK

As BTC tries to recover from the dip it’s getting hooked on this support turned resistance. 57.7k is the problem area

GunthVGK

( This is my bearish scenario). Currently Bitcoin is heading in the direction of a demand zone and a trend line intersection. Both intersecting at prices as low as 49,500$ And Up to 52.500$. Depending on how quick it gets there. However the RSI and Stoch RSI are fairly low and could indicate some upward movement soon. Anyways this is just a simple idea I...

GunthVGK

From my pov and zooming out it seems to me bitcoin is in a large downward wedge, and looks to be breaking out!

GunthVGK

Personally I’m LONG AVAX from 115, but according to RSI/Stochastic RSI & FIB retracement I’m heavily leaning on this being the bottom for AVAX. I’m prolly biased but hey so far so good ! … knock on wood …

GunthVGK

btc could be forming a descending triangle here and could see levels as low as 52k in the bearish case if it stays below 60/61k. In the bearish case though a drop to the low 50's would be healthy and i dont believe it will be in that price range for very long, following the dip we could see btc flying in a very short amount of time. However if it bounces from...

GunthVGK

Approaching major resistance, posting just to keep track of my prediction for today. Aug.29/21 2:30pm

GunthVGK

This ain’t advice just my own charting , I shorted 34200 when it broke above the ascending candle briefly down to 33300 and my analysis payed off for once, hopefully I can keep my streak going and call this out. Don’t take my advice y’all this is just to show my work and if I’m correct I’ll be happy :)

GunthVGK

I’ve been charting and teaching myself TA for little over a month now, i put together what I believed was a good set of supp. And resist. Levels for BTC for the last week+ And got rewarded with BTC basically following what I believed would happen. This is my first post, first real idea I could post and it’s got me some results so I figured I’d post it.

GunthVGK

I’ve been Teaching myself charting and TA and this is my best work I think since I started just about a month ago. Below I layed out ranges, what I believed were support and resistance levels for BTC for the past week+ and was impressed with myself when BTC followed my charting.