Riester

Riester

NOTE: The trend lines align perfectly from the bottom to the top of each market cycle before publishing. Once I publish, the angle trend lines become skewed. Draw your own trend line angle to see for yourself what I am discussing... As we all know, the Golden Ratio shows up everywhere in Nature. Here is another example of the mysterious figure showing its face,...

Riester

In the last few days we have broken below the red dynamic S/R. Currently on the 1H & 4H timeframe, a bullish impulse looks ready to occur. However, because that trend line has been rock solid over the last 3 months, I would not be surprised if we impulsed to 9550 and then test the trend line as resistance and dump to low 9000's or even 8700. Will keep an eye on...

Riester

Over the last 2 weeks Bitcoin has shown its face in an interesting way. The bullish rocket that tapped 10500 and immediately corrected to 9100 broke out of a solidified channel that began in early May. This "false breakout" is a bearish sign, as the bulls failed to hold the price up. Since then Bitcoin has ranged a few hundred dollars at a time, before breaking to...

Riester

1. Descending channel pushed to 9170 support 2. VPVR indicator (volume that shows S/R) identifies 9170 as liquidity 3. On 1H, 4H, & 12H time frames wicks and candles have test 9170 as support 4. MAIN POINT: Bullish Harami candlestick pattern. Large bearish candle to support, followed by a smaller bullish candle. Long Position: ENTRY --> 9310 TARGET 1 -->...

Riester

Bitcoin successfully retested with a long bearish wick, which is a bullish sign. Bears fails to close the candle at the support @ 9120. From there we pump to 9860, another key S/R area. On the lower timeframes, we have just successfully tested 9860 as support. The next trend line dynamic S/R targets 10560, where price was rejected in the last few days. Entry:...

Riester

BTC corrected in an ABCDE horizontal corrective triangle. The bullish engulfing candle has already been posted on 15m timeframe. I am expecting it to break the 9870 resistance, and pump to the resistance @ 10170. There is liquidity at that resistance, and it is clearly a S/R area from the recent pump & dump.

Riester

1. Volume has died as we approach the dynamic resistance at ~9850 2. 4H stoch is oversold and prime to reverse 3. 4H stoch has hidden bearish divergence 4. Visible Range indicator shows point of control (lots of liquidity) at ~9520 5. 55 EMA @ 9550 is next obvious support I'm shorting. Entry: 9820 Target: 9550

Riester

A 5-wave triangle correction appears to be unfolding. Based off of the trend line resistance that stop up from breaching beyond 10500, I think we are moving through a D Wave bullish move to 9600 resistance. I saw this a little late (half way through the channel), so I am not opening any longs to the 9600 resistance. If we fail to breakout after the D Wave...

Riester

Wave D : 9850 Wave E : 9350 or breakout from Wave D without retrace to support

Riester

1. Weekly stoch is oversold and reversal is eminent 2. Daily, 3 Day, and Weekly volume is near zero at 10k resistance. 3. Daily volume has been decreasing as we approach 10k resistance 4. Weekly candle is short with no wick. We couldn’t break 10k resistance 5. Bearish divergence on 3 Day stoch. Entering oversold range 6. 7, 30, 50 Day EMA are converging. Sign of...

Riester

Breakthrough of bearish trend over the last two days. There was a successful retest of support @ 9400. I'm entering a little long here, but the target is the same nonetheless.

Riester

1. Strong bearish divergence on 3D stoch 2 Reversal on 3D stoch 3. Reversal on weekly stoch 4. Decreasing volume as we approach 10500 5. Strong resistance @ 10500. Not just the yellow resistance line, but also a bearish trend line that exists from 2018... 6. Liquidity at lower levels, such as 8000, on VPVR indicator 7. Bearish Doji candle (long wick, small body)...

Riester

Summer 2020 forecast. Retrace to 0.382 for Wave E of the horizontal correction stemming from the Crash of 2018. After the dump we ride the pump

Riester

On the left is the entire history of Bitcoin. Overlaid is a 5 wave Elliott Wave impulse. It is bullish, obviously. I will clearly define each wave of the 5 wave impulse, and hypothesize about what lies ahead. Wave 1: 2011-2013, the first bull run in Bitcoin’s history Wave 2: 2013-2015, the first bear market that acted as accumulation for the massive Wave...

Riester

1. 4H & 12H stoch confluence. Reset emerging. 2. 4H stoch has strong bearish divergence 3. Liquidity @ 9350 on VPVR (yellow & blue indicator on the right side of the screen) 4. Top of Ichimoku cloud support @ 9350 as well 5. Long wick at local high shows failing support of upward price movement. Target 1: 9350 Target 2: 8880 (not confident this will hit just yet)

Riester

1. 1H stoch reversal 2. 4H stoch reversal & bearish divergence 3. Liquidity @ 9090 on VPVR indicator (yellow & blue histogram to the right) 4. Orange bullish trend line broken @ 9300 Short to liquidity @ 9090

Riester

1. Tapping 1.414 FIB level. Number isn't important, but resistance is still resistance 2. Doji candle (large wick, small body) from week of May 4th shows bears keeping candle down 3. Next FIB level is ~7000 4. Impending reversal on 1W stoch

Riester

1. Resistance @ 9200 2. 1H stoch reversal 3. 4H stoch reversal impending 4. bearish divergence on 4H stoch 5. trend line support @ 8950 6. 55 EMA @ 8950 If we break below the 9050 trend line and retest as resistance on 5m and 15m, the next support is the trend line and 55 EMA @ 8950