Riester

Riester

BTC trend line bounce looks like wave 4 of this impulse. I say this drop is over for now and be bounce to 19.6 before correcting to 18.6.18.8

Riester

If this channel plays out, I'm expecting this 5 wave impulse to land around 21000 - 22000. At the moment, it seems like we are consolidating in a Wave 4. Hard to tell if this is making a triangle or a flat. Watching for higher 4H and 1D to make Higher Lows to hint towards a triangle. We could be following a horizontal range from 18000 - 20000, so I would hedge...

Riester

Played the H&S pattern. Also, the 1H and 4H FSR was dipping below the MAs and 50. Too good.

Riester

I am expecting the 5th Wave of this 5-wave impulse from 9800 to bring us to 36000. WAVE COUNT: W1 = 8600 -> 12500 W2 = 12500 -> 9800 W3 = 9800 -> 19000 W4 = 19000 -> 16000? W5 = 16000 - > 36000?

Riester

BTC testing TL S/R at 17500. We rejected off of channel high at 18300, but with a nice S/R flip and consolidation under the channel high, I am bullish we will break resistance at 18300. RSI is bouncing off of MA on DAILY. True Vibration is oversold and printing a HL on 15m. 1H True Vibration about to do the same.

Riester

Buy. The. Dip. Horizontal resistance flipping to support. Rising channel under consolidation on 15m. RSI bullish. OBV bullish. Near the top of the channel, and Bitcoin is leading the way. Buy. The. Dip.

Riester

1. Fib extension at 1.618 with this setup. When 0% placed at other levels we are still at a critical level, but not necessarily 1.618. 2. Channel TL resistance @ 16500 3. HTF 2018 resistance @ 16500 - 17200. Beginning to enter supply zone. Weekly RSI overbought Daily RSI bearish divergence with move from 13500-16500 Cautiously bullish as we push into supply...

Riester

Magnificent HL with vibration reset sub 30

Riester

Long retest of 16k and channel TL support

Riester

Entry at 457 to long to top of channel

Riester

Watch for another leg up to top of channel @ 515

Riester

Target bottom of channel @ 14.1k

Riester

Price action of BTC seems to be following the Wyckoff Reaccumulation schematic. Granted, distribution, accumulation, and reaccumulation all look similar, but considering BTC is pumping hard I wouldn’t bet on this being the time. Second, @IncomeSharks tweet pointed out that the OBV is forming a consolidation pattern, as it has when correcting in a bullish...

Riester

Are you ready?

Riester

NEXT STAGES: 1. Sign of Weakness @ 11100, range low support 2. Upthrust After Distribution @ 11900, H&S distribution resistance. Also parallel ascending channel TL resistance 3. Distribution, LPS, and Major Sign of Weakness at key S/R of 10750 Textbook Wyckoff Distribution so far. Check out this link to a schematic: www.google.com Chart would form a broadening...

Riester

Watch ETH as it approaches the TL support of the parallel channel at $360. BULL CASE: - SWP long-tail wick to 350 TL support - RSI bullish divergence - Volume confirmed bounce BEAR CASE: - Breakdown of TL support - Volume increase on dump - Retest of channel TL as resistance

Riester

Reject from 11575 as right shoulder . Test support of parallel channel @ 10750 SL: 11575 Entry: 11450 T1: 11100 T2: 10750

Riester

BTC 3D RSI is approaching 50 day MA, and is resting on the 30 day moving average. Breakthroughs of the RSI MA are extremely predictive indicators. I will update over the next week (2 3D candles) to see what happens. If we break up I am long, and a breakdown I am short