RighteousTA

RighteousTA Updated  Mar 31, 2023

I've been watching this one for days waiting for a breakout and boy did it breakout. My take profit area is at $0.11. What a great set up, the view from the RSI, MACD and price action is just beautiful! I'm placing an order to buy more at $0.89 encase we wick back real quick and a stop at $0.85. Happy Trading!

RighteousTA Updated  Mar 29, 2023

This thing just wants to do one of it's legendary bull shots. The Crypto market cannot be held down anymore, the bull is breaking out as we speak! RSI entering bullish control zone, MACD literally just getting ready and price action.. it's right around the corner. What a time... what a time.

RighteousTA Updated  Mar 22, 2023

It's Algorands turn for some time in the sun. Quick little trade set up here, mine is 3/1 with a tight stop at 4% and take profit at 13% in the green box. The RSI is breaking out with increasing volume and we just got above a strong inflection point. Happy Trading!

RighteousTA Mar 17, 2023

This one weekly candle could change everything. Bitcoin is now above 25k, in the green box above the trading range that we have been in since June of 2022. Now Bitcoin has entered into purgatory between significant support of 25k and resistance of 30k. The RSI has also broken out and is in the bullish control zone. First thing we want to see here is a close on...

RighteousTA Updated  Mar 16, 2023

Bitcoin hanging on by a thread on the 4H time frame. I'm expecting further downside on the 4H but accumulation on higher time frames resulting in a lower high. Expect the alts to follow the trend even YFI looks like it's ready to drop.

RighteousTA Updated  Mar 16, 2023

Bitcoin flirting with resistance at 25k today. Staying above 25k would definitely be trend changing coming off of 420+ days of bearish price action. A move into the purple box would still have me looking for low risk long entry's. Even a move to the 0.786 at 18,200 could still be a local pivot point. The bottom line is it's time to pay attention. BTC may not...

RighteousTA Updated  Dec 28, 2022

Get ready for a quick move down to $15,800. My weekly related idea is still active here and this move brings us to test local support. I don't believe that support will be very strong and will most likely be broken if BTC makes it down there.

RighteousTA Updated  Dec 16, 2022

A storm seems to be brewing in the wider crypto market. All assets that were out preforming are now looking to be topping out and the rest look very bearish. Bitcoin has painted hidden bearish divergence on the weekly against the MACD and looks ready to collapse on the 4H chart. The move could bring us much lower to one of the dashed support lines on the chart.

RighteousTA Updated  Dec 8, 2022

The trend of SPX is looking bearish with lower highs and higher lows on the weekly chart. I am expecting a move up and a bounce off the higher trend line to then bring us down to 3250. MACD is building momentum, RSI hidden bearish divergence and the index is up against hard resistance at 4163.

RighteousTA Dec 8, 2022

The down trend is still intact here and the index looks to be loosing strength at this critical level. Looking at a macro lower high & local lower high with bearish momentum starting to build. Still short here with a target around 3300 in the first quarter of 2023

RighteousTA Updated  Oct 25, 2022

Bitcoin is already having a good start to the week. It's popped through the descending triangle pattern and made a higher high on price action and the RSI. This could be a local trend changer and give Bitcoin the fuel to move above 25k.

RighteousTA Oct 19, 2022

These market conditions are getting very boring and that's when you have to pay attention. The bottom line is that we cannot trade like this forever and the chart's telling me that the market will soon make a decision. I stand neutral here until we make a higher high or lower high on the daily and yes neutral is a position it's called not gambling. Do not throw in...

RighteousTA Updated  Oct 16, 2022

QNT just broke out and is about to break through strong resistance at $150. We could see some real follow through price action if Quant can stay above $150.

RighteousTA Updated  Oct 10, 2022

This asset has always been fun to trade against USD and BTC. When XLM moves it really moves quick and swift. The price action reminds me of the end of 2020 just chopping around with low volume in a small range. We can see the range is very significant and has lots of historical price action. A break out of this range could be the start of a nice rally to the...

RighteousTA Updated  Oct 5, 2022

LUNC experienced a strong 80% rally on the 26th of September and has held onto it's gains pretty well. Currently, if you look at the 4H chart a potential cup and handle pattern is being formed. Back to the 1D chart LUNC held support at $0.000268 a level with much confluence. The trade setup that I am looking at is having a stop-loss as tight as possible or under...

RighteousTA Sep 30, 2022

The S&P is not looking like a safe place to hold your assets. A huge head and shoulders may be forming on the monthly chart with a measured move down to 1787. The true support I see when taking a quick look at the chart is all the way down at 1556. RSI just made a lower low and has a long way down until oversold conditions. The MACD has painting record sell...

RighteousTA Updated  Sep 26, 2022

LUNC is all coiled up and ready to break out of it's symmetric triangle. The asset is near the end of the pattern and could break in either direction. I would say that it will correlate with Bitcoin and the rest of the market but that has not been the case lately. I am leaning towards the bullish side, seeing the 60% retrace the asset just had and the retest...

RighteousTA Updated  Sep 13, 2022

Here's a quick little low risk trade that I came across on XLM. What a beautiful setup on a daily chart with a stop below yesterdays candle and a 10% take profit.