MRudy

MRudy

Can young Sminem save gamestonk from a terrible fate?

MRudy

Bitcoin is currently forming a bearish divergence on the 1H, 2H, and 4H RSI. This could indicate the possibility of an imminent dump.

MRudy Updated 

- Bitcoin finally broke out of the Ascending Triangle, thus negating my theory of a continuation pattern. - The rally smashed through the 200 Day Moving Average, and is currently trading above it. Here is what is interesting to me: The rally actually stopped at the Monthly 21 EMA. It is a very important long term level in my book, because of how the price...

MRudy

- If Bitcoin dumps from here, or even from a little higher, this could indicate the formation of a Bearish Ascending Triangle if the price retests the ascending support line. - If Bitcoin successfully breaks out from the triangle, it will be on its way to test the 200 Day Moving Average. Ascending Triangles are characterized by a series of higher lows but the...

MRudy

Bitcoin seems to be consolidating inside a Symmetrical Triangle. This would be a confirmed bearish continuation pattern if the last of these 3 phases completes: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our symmetrical triangle price pattern, it...

MRudy

Litecoin for the past few weeks has formed a pretty substantial bearish divergence on the 1H, 2H, 4H and Daily RSI. The price is also entering an area of resistance. This could indicate the possibility of an imminent dump, especially considering Bitcoin has formed another smaller divergence on the 1H, 2H, and 4H time-frames.

MRudy

Bitcoin's latest pump has formed yet another bearish divergence on the 1H, 2H, and 4H RSI. This could indicate the possibility of an imminent dump.

MRudy Updated 

- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - I previously stated that if Bitcoin dumped from there, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. > The divergence on the RSI has played out perfectly. Now...

MRudy

Ethereum seems to be forming a bearish continuation pattern. Furthermore, on the weekly chart, the price has recently printed a pretty nasty bearish candlewick. Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending...

MRudy Updated 

- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - If Bitcoin dumps from here, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. Ascending Triangles are characterized by a series of higher lows but the same highs. The...

MRudy Updated 

On the 1h, 2h, and 4h RSI, a clear bearish divergence has formed with the help of the recent pump, indicating the possibility of an imminent dump.

MRudy

- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - If Bitcoin dumps from here, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. Ascending Triangles are characterized by a series of higher lows but the same highs. The...

MRudy Updated 

Basic Trading 101 - Bearish pennants are continuation patterns that mark a pause in the movement of a price halfway through a strong downtrend. - They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows. - The downtrend then continues with another fall in price. BTC seems...

MRudy Updated 

Can young Sminem save crypto from a terrible fate?