If the downtrend continues to certain levels as described by many TA technicians in this chat recently, we might as well watch for the continuation of the current bearish pennant patterns taking place. Logically placed on this chart to visually see if continuation persists. A logical ping Fib line was shown in chat on a chart and suggested the lowest low might be...
Historically these values and patterns repeat on this chart I have made. In general it is saying that a low of $57,987.95 is in the cards as a play. My read on the indicators is that most are ready for a launching rocket to the upside, without the downside to $58k. However if the Daily indicator gets its' way, we might see $58k or lower. .... After all this time...
Someone asked me to do a work up on this SUN Token. I had some time and curiosity about it. I will not have any money on the token. This chart can provide insight for future references about volatility. I have written notes right on the chart. IF...if I had money on this, I would definitely had taken some money off the table already, because it is an alt...
A graphic run chart to visual reference if the 4-Hour is going to produce a divergence trade set-up. Since indicators do not update data after the chart is created, I do not show them. Here is the current screen shot, and historical reference screen shot.
As shown with two 4-hour divergences and a daily with no indication of divergence, we should see a brief stall of price action with some chop-chop zone being created. As the institution monies continue to move forth, there is nowhere but upwards future pressures. Very Bullish
Simply creating charts of Alt coins for references, of how they will react to this upcoming Bull Run.
Simply creating charts of Alt coins for references, of how they will react to this upcoming Bull Run.
Simply creating charts of Alt coins for references, of how they will react to this upcoming Bull Run.
Simply creating charts of Alt coins for references, of how they will react to this upcoming Bull Run.
Simply creating charts of Alt coins for references, of how they will react to this upcoming Bull Run.
I choose Long because overall I do expect such a run up to and over 100k in the future as most traders do also. Maybe right now it is not exactly the time to long, IMO I still see reasons in the indicators that suggest more downward PA push. This chart represents what the Market, social media, traders and speculation as of the time of publishing is generally...
I never plan to be exact, feeling the bias downwards still. Loose plotting, not made to be exact and definitely not feeling like the math plotting. There is a notable threat for a possible large spike upwards (28k-ish) continuing said mini-bull run that's is currently stalling out. There are such resistant diagonal lines on the chart along with major horizontal...
Just another different analysis on the current situation with price action. I am in great hopes that we see price action falling through these slide areas, as this is what is suppose to happen in reference to the old price action on the left side. Basically only time will tell us how it happens, so now we must all wait.
Price action in a Fib Retracement. Price seems to be stuck in the .382 channel without the price touching at .382 Fib line yet. I am looking for price to make lower lows and a clear testing at FIB lines of: .382 or .500 or .618 When these lower price tests occur I will be looking for clear price bar signals and bullish patterns. Patterns like, divergence,...
Reference chart till its void thru normal PA. By August 2023 this chart should have enough forecasting candle bars.
For one reason we need to wait it out 1 to 3 weeks. This can work, but highly unlikely. A Daily H&S is pretty uncommon. I give it a 10% chance or 30% of a heavy downturn. What's notable is that formations do happen and price reacts to fundamental patterns, it's physiological and simply this. What's important is that the trader is looking for all kinds of patterns...
I don't think this 1-hour Div signal is going to play out very well. Waiting for the 4 hour power Diversion is a great signal, and a Weekly would be ideal (but weekly's are rare). Here is an area plotted with a yellow circle/oval that for now I'll call "Price's area of confusion". I also have "wanna be" price uptrend "Green dotted lines" placed for the trend...
So another trade to offer, and we're in the Neutral Zone. This is a hard zone to trade in, and bears heavier risk profiles. If price is to go up, soon is the time to enter the trade. I've outlined the risk areas as well as a suggested stop loss. Once price momentum goes bullish, this one should score well. However, Heavier Bearish Pressures remain steadfast, and...