Green box is my target: Short-Term Bear and Mid-Long Term Bull 1) Kijun on 4H 2) Bottom of cloud on 1H 3) Large Support/Resistance Area 4) 4H 20,50,100 and 200 Moving Averages will all collide in that area 5) Trap Bulls where were late on the longs and then trap all the bears who entered shorts around 7400-7800 and didn't close.
Broke out of the double bottom Adam and Eve setup and has since retested the neckline. Looking to reach the measured move in the following days.
Looking to pick up more BTC -1.59% at the 7450 region: 1) Rising Wedge 2) Decreasing Volume 3) Standard Bearish Divergences 4) CClamp on Ichimoku 5) Resistance zone needed to turn support below 6) Kijun (of all timeframes 4H and below) at that support zone
1) Triangle running out...one way has to give 2) At a major support/resistance area as this level is where an inverse head and shoulders popped in early December leading to a massive run 3) Bollinger Bands could not get much more tight 4) VPVR is very strong here 5) RSI is trending up while price is consolidating 6) We saw the CMC FOMO that ensued when price was...
Sold VEN and looking to possibly add back in the green box: 1) Has hit a resistance level which is the top green box where a potential 4H chart Cup and Handle is in play 2) RSI standard bearish divergences on the 1H and 4H time frames 3) This candle was also a third test of the top bollinger band and the chart looks a bit topped off Target: 1) Bottom of Ichi...
Breaking out with significant volume. Rising Wedges are usually bearish reversals however AELF seems to have another leg up. Target is the box shown. Hoping for a retrace to retest the top of the RW for support and a better spot to get in.
I am watching this ascending triangle on ADA. A break of the horizontal resistance with volume would also lead to an entry into the Kumo Cloud which could set up nicely for an edge to edge trade. I am not entering any ADA position until it can break that resistance which is a strong previous order block.
Solid Uptrend in tact but correction is due: 1) Rising Wedge Occurring with decreasing volume profile 2) A double standard bearish divergence. Price has made two higher highs and RSI has made two lower highs. This is occurring in the overbought area of the RSI (over 70) which makes the divergences even stronger. 3) Price is very far from the could and a C Clamp is...
Clean Chart: There really isn't much to say with this one. At early December lows with huge volume and accumulation. VPVR and regular volume profiles signal there is massive buying here. It seems rounded out and is likely finishing up an Adam/Eve double bottom.
Bitcoin Thoughts 1) Falling wedge with price making lower highs and lower lows but the lower lows support angle is flattening, signalling a bottomed out structure 2) RSI making higher lows and price making lower lows which signals a potential reversal with a standard bullish divergence. The falling wedge with the standard RSI divergence is a solid indicator price...
Cup and handle is forming on the 1HR for NEO. I took profits from my previous long at .0077 sats last night. If NEO retests the first green box around .0079 it will do so with a bearish divergence on the RSI as price would be equal or making a higher high and the RSI will be making a lower high and it would be at a resistance level so a fall should be...
Just a possible idea: Upon a retest to the .382 and .5 fib levels in the 9.2k area we should see a bounce. What is interesting is the rather large potential inverse head and shoulders that could be playing out. This is very speculative at this point and there is a lot of resistance to get through past 11.7k and up but we could get a bounce off the 8.9k-9.4k range...
Simple price action chart with support/resistance levels as well as a simple FIB retracement on the latest uptrend. Sometimes it is nice to keep the charts simple and clean. In my other charts I have been stating I believe a retracement to the 9k range needs to occur and this also shows that. We may see a little bounce from 9.8k but ultimately I don't see 9.8k as...
So much confluence took place at the 11.7k level Kumo cloud support Kijun support Green box from past price support Bollinger band support What we saw was a shooting star doji play out due to all the support built up at that level and what I am looking at now is the significant bearish hidden divergence that has formed with the RSI and price. Hidden divergences...
Bull flagging in this uptrend while also being in a long time resistance/support level. BTC does not look healthy at the moment and ETC has done well holding its value when BTC heads downwards. The Callisto airdrop snapshot should take place around March 2nd so I have labelled that with the vertical yellow line. I would be shocked to not see upwards movement...
BTC is rapidly rising and my closed long positions at 10150 are not quite looking like the best decision but my long-term holdings are benefiting. BTC makes tremendous runs and does not necessarily have to correct however until we make a higher high and a higher low BTC is not out of the downtrend. Yellow Trend: Current bearish trend channel Light Blue Trend:...
Been in ETC since just below 20k sats and have added to my bag here. Fundamentals: Callisto Airdrop coming up and airdrops have been great catalysts for price rises. Ichimoku: Bounce of Kijun on both the 12H and Daily time frames has occurred right in this range which is a long term support and resistance level. Fib: Interacted with the 500 fib level of the...