RICHINVESTOR

RICHINVESTOR Updated 

As noted on the charts BTC has reached a critical point in its journey. Altcoins are already hammered into the weekend, is this an early indication of a rug pull? BTC on the 8H time frame is showing rejection of higher prices into previous all time high with most indicators sounding a warning. I am only sharing my thoughts on whether this is a market maker's trap...

RICHINVESTOR Updated 

This idea is an update to the head & shoulders initial trade idea. As depicted, head and shoulder structure has still been in intact in the consolidation period where both longs and shorts stop-loss has been liquidated. Today is critical which way we go. A break out above the liquidation zone (102,800) will signal cup & handle target of $120,000. Those who took...

RICHINVESTOR

BTC has printed a Head and Shoulders pattern with a potential target of about $74,300 This is likely to play out as daily Stochastic is also cycle oversold area. This is a developing idea and should be traded with caution.

RICHINVESTOR

Bullish or Bearish, it's always a good idea to see below the surface and trade cautiously managing risks. BTC has a bullish sentiment overall, however structural analysis is painting a cautious sign to be too over optimistic. The cup and handle pattern formed is still not confirmed and can fail. I have seen these many times in my trading experience. On the chart...

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BTC has a cup and handle pattern detected and now has a potential moon shot to over $120,000. For swing traders a break above all time high of $73,835 is your signal confirmation. let see how this setup plays out. Looking very tasty indeed.

RICHINVESTOR Updated 

BTC is at a pivotal point where it could favor bulls if we break above $65,455. My analysis at the close of Saturday, 10/12/24 12 hour timeframe suggest that the corrective move up is done and expecting another move to the downside. The chart labels explains my thought process. Cheers traders and best of luck whether you're a Bull or a Bear on BTC.

RICHINVESTOR Updated 

It appears quite clearly that BTC has finished the retrace of the initial impulse at 67% retrace level and has given a divergence signal on many lower timeframes for the downside. Fib. extension measurement shows $57,700 next target on the charts. Caution: if price fails to break through $62,000 on 12 hour timeframe this trade idea could fail as $68,285 extension...

RICHINVESTOR Updated 

I Project that BTC has completed it's 5 wave pattern to re-test the 200 SMA salute line. I now expect a 3 wave patten to begin with initial target at $60,700. The evidence for the 200 SMA salute is on the 4 hour chart time frame for those who understand candlestick reversal patterns. Cheers and happy trading guys

RICHINVESTOR

AMEX:SPY If you went short on SPY and sitting uncomfortable today, watch this chart label and take it easy. These gaps will eventually get filled and for today's 9/19/2024 gap up it will be filled soon. cheers fellow traders !

RICHINVESTOR Updated 

I think SPX500 is topped out and a very bearish pattern is printed. 1. weekly chart has a hanging man confirmed 2. gap down from hanging man has now been closed on weakness 3. lower time frame charts has triple tops 4. MACD has been decelerating since July 22, 2024.

RICHINVESTOR Updated 

I am watching closely a strong candle close with above average volume and above 0.382 fib retrace for BTC. This will signal a change in momentum towards the upside with an initial target of $62,063 and final target of $74,301. As at the time of this publication, volume is decreasing, money flow is up at 0.21 and price is attempting a break of the 0.382 level....

RICHINVESTOR Updated 

On the 1W chart for BTC, we have a descending channel with a three drive pattern formation. There is a likelihood of an upper channel breakout to above $100,000 per some wave counts. However, money flow and other oscillators on the weekly chart shows weakness in strength for that possibility giving the three drive pattern formation more validity. Supporting the...

RICHINVESTOR Updated 

So Stock market rallied to the anticipated September rate cut after an initial sell off earlier last week. I am seeing this rally as fake rally or retrace of the earlier sell off. I am seeing a gap window that needs to close as well as unsupported money flow for the rally. I think the rally will likely fail after the gap down window closes. see it on the chart....

RICHINVESTOR Updated 

Elliott Wave forecast and Fib golden level 61.8% at it's best on DXY. We are printing the end of wave 5 and now expecting a retrace of first 5 impluse move. This chart is a classic beauty. check it out on Weekly time frame, right down to the 4H frame.

RICHINVESTOR Updated 

BTC seems to have completed the wave 4 with price level right at the top of the high of wave 1 forming and forming a double bottom on daily charts, a nice inverted hammer candlestick on weekly charts too. I think BTC will rally a wave 5 target around around $37,000. Also note that indicators are at cycle lows on daily and weekly charts. Please these are my...

RICHINVESTOR

Does anyone else see a double bottoms forming on weekly chart of BTC? I think the bounce from this sell off is going to be massive. COINBASE:BTCUSD