RighteousTA

RighteousTA

Current view of Bitcoin zoomed out on the monthly timeframe seen in Heikin Ashi. The RSI looks to be in a good position with price action. Target of $250,000 or more if momentum keeps up.

RighteousTA

Could be short term trade here on the daily chart. Lower high when you just look at candle bottoms with an RSI to match. Also, a pick up in volume with a proper place to put a stop loss and a good risk to reward ratio.

RighteousTA Updated 

It's been quite an exciting year for bitcoin with a new all time high around $73,500. Enormous runs like this that last over a year, 450 days, there's going to be corrections or cool off periods. Now's the time to stay calm, plot some targets and see where it lands. My targets and where horizonal fibs intersect with diagonal trend lines. When Bitcoin interacts...

RighteousTA Updated 

What a great run it's been. We're In the second quarter of 2024 and Bitcoin has put in all time highs. BTC really needs to cool off and find some support here. The short trade just seems like the lowest risk with the current setup.

RighteousTA Updated 

Coming in with a stop loss that is much higher than i'm normally comfortable with, but the reward is so high! Ideally i'm just going to keep adding to the position that I acquired at $8,440. Let's see what happens!

RighteousTA Updated 

Wow! XRP always seems to have the best liquidations. I'm going to utilize it as an opportunity. Stop placed under activity found on the 4H chart and i'd say the take profit is pretty conservative. All in all we're looking at a nice low risk high reward trade setup on a Wednesday.

RighteousTA Updated 

Sitting at the top of the purple channel now. Have my shorts in play at the moment with a stop above local top. Really just waiting for the channel to break in either direction.

RighteousTA Updated 

Sharing a zoomed out view of Bitcoin on the daily chart. A few things to point out are the purple channel., orange wedge that creates a trend line into a pocket near $31,700, approaching the 0.382 Fib, and hidden bullish divergence.

RighteousTA

I wouldn't be surprised if this is the end of this current run for now. Bitcoin may have one last push but I do feel some buyer exhaustion coming. My plan is to sit back and go fishing for some good entry bids.

RighteousTA

What a beautiful setup on XRP to the Dollar. It's hard not to ask the question, has this chart just been building up for this moment in time all along. We see a strong base with horizontal support for years now. around $0.18. Well we are also coming up on a strong resistance that has years of history as well, at $0.87. The horizontal resistance is lining up...

RighteousTA

Bitcoin is currently sitting at support of the previous highest low of the year. Here is the moment where the asset will most likely break through support and come down to the green box or at least find support on top of the green box.

RighteousTA Updated 

It's really just a matter of breaking resistance at $32,147. Bitcoin above that resistance for a while could change everything. You can see the trend line has been respected for all of 2023 now. Basically just a waiting game for a breakout in either direction.

RighteousTA Updated 

Bitcoin has still not broken out of the box and seems to be building strength. A move above $30,500 could shoot Bitcoin to the top of the trading box at $31,500.

RighteousTA Updated 

Hold the elevator! We're going down. Looks like Bitcoin is finally going to break out of this sideways chop after 27 days. I don't believe the bears will get too far down but they look as though they're about to take control.

RighteousTA

It's clearly just been accumulation for the past few months on Bitcoin. Exciting to see this strong breakout here and holding support at 24,834. All above targets are still in play if buyers can keep the momentum going.

RighteousTA Updated 

Not too much to say here besides Bitcoin is up against some strong resistance. It's really just about being patient here and letting the price action play out. Bitcoin can pull back a lot more to keep this trade setup active. My plan is to DCA trades every opportunity that is presented, with tight stops. The weekly RSI is a big thing that I plan to watch as we're...

RighteousTA Updated 

The chart says it all on this one. The stop loss is definitely a higher percentage than I usually like to do, but the risk reward is super low.

RighteousTA Updated 

Round 2 on Algorand Looking at a solid trade setup on the 4H time frame Trade: -SL - Under $0.218 -TP - Green Box -5/1 Potential Reason: -Looks like a pivot point here at support -RSI moving into bullish control -MACD getting tighter -Similar coins have already taken off