LA_Designer

LA_Designer Updated 

Watch for a possible bounce at the .786 fib ($26.8K) or double bottom at $25.3K. If those levels break then I'd expect the final capitulation to the 200W MA. Weekly RSI is extremely oversold.

LA_Designer

ETH looks to be heading to test the previous ATH from early 2018 at around $1,400. The 200W MA sits at $1,200, which is why I have those two targets in mind for this correction. Weekly RSI is extremely oversold too and is near levels from the bottom of the 2018 bear market.

LA_Designer

Descending channel on the 4H chart since May 31. Must break above $31K for a potential push to top resistance at $32.3K. There's a CME gap between $34.5K - $35.2K Strong support at $28K.

LA_Designer

On the 4H chart (and other timeframes), we can see bullish divergence forming where the price action is heading lower and the RSI is making higher lows. This could be a sign of a small reversal coming soon. Currently, the 4H 50MA (orange line) is acting as resistance, so if we get above that, that would be a good start for a move up. Support is at $5.20. A break...

LA_Designer

Every time I see these repeated Bart patterns show up, where it spikes up for a short period of time and slams right back down within a couple hours, this is due to whales grabbing liquidity from overleveraged traders. Whales are hunting for this because they know that people get greedy on expected rallies or dumps. I personally do not leverage trade and would...

LA_Designer

This is the first time in a couple months that BTC broke above the 4H 200MA. BTC broke out of the descending channel on May 29 and retested previous resistance as new support this past week. If BTC continues to make higher lows, we can expect price to reach the mid $30K range ($35K - $37K) in the coming weeks. A break below $29.2K would invalidate this idea.

LA_Designer

October 2018 - April 2019: 190 days to return to previous level. February 2020 - June 2020: 100 days to return to previous level. This current correction is at day 196 as of this writing. I'm expecting a retest of the upper trend line due to bullish divergence on the daily. A breakout of the upper trend line and 200 MA would confirm a bullish reversal. A...

LA_Designer

As we can see, price action is in a downtrend with bullish divergence on the daily. Somewhat of a similar pattern to 2018. If SPX breaks above the 50 + 200 MA, then that would be bullish. Otherwise we continue down the channel, possibly below 3600.

LA_Designer Updated 

BTC ranging between $28K - $32K. Two scenarios: 1) A break upward above $32.3K would contest the 50-day MA. 2) A break below $28K would re-test the $25K support.

LA_Designer

A couple weeks ago, I charted a 5 wave pattern in a falling wedge that would bring BTC down to about $22K - $24K. However, looking at the monthly chart, we can see that BTC has not had a full close under $30K (yet). The interesting part is that the monthly RSI and the percentage drops are identical to March 2020 (60% - 65%). The question on my mind is, will BTC...

LA_Designer

Support at $1,700 with bullish RSI divergence. Two scenarios: 1) Double bottom and rise up 2) Breakdown to $1,400 Share your thoughts!

LA_Designer

The fall from this morning was a bear trap. Buyers stepped in immediately at $28K and BTC went right back in range. I expect a move up to the mid $30K range ($33K - $37K) within the next week or two.

LA_Designer Updated 

APE has been consolidating in a triangle pattern for almost 2 weeks now and looks ready for a move soon. Everything will depend on BTC's movement, so I would wait to see which direction it breaks. There is local support around $7, but if BTC dumps hard, then it's heading back to $5 (or lower).

LA_Designer

Assuming BTC were to follow this 5-wave pattern, we should see a relief rally soon to the mid $30K range ($33K - $37K) followed by a final fall to $22K - $24K which would be near the 200W SMA (common bear market bottom). If that upper trend line gets broken sooner, then this would be invalidated.

LA_Designer

BTC broke the bottom upward trend line from the last 6 days and is now near horizontal support around $28.6K - $29K. I would expect a move down to at least $27K in the short term. Watch for a bounce at that level.

LA_Designer

Volume says a lot. Every time volume spikes on a weekly chart, it usually marks a top/bottom. After 7 consecutive weekly red candles with the most recent ending in very high volume, plus the bounce off of the 200W EMA could signal a possible bottom (or very close to it).

LA_Designer

Every time CRV's daily RSI nears level 30, it is usually followed by a nice bounce up. We are also seeing bullish divergence, where the price action is making lower lows and the RSI is making slightly higher lows. In addition, CRV has tapped this strong support zone 4 times since May 2021. I would not expect a full bullish continuation until that downward trend...

LA_Designer Updated 

BTC is coming up on the 200W EMA which was last touched in March 2020. I believe that BTC could find a strong bounce off of this level, which is currently around $26K - $27K. It is heavily oversold on multiple timeframes including the 3-day chart. Times are crazy right now, so be careful out there for those of you who are leverage trading!