RighteousTA

RighteousTA

Fundamentals aside, the technicals are looking very promising. Our last low was higher than the last and above key support, $0.579. Right now the asset is working on it's resistance created by the candle close of 16 May 21, at $0.787. Breaking this resistance could trigger another candle like the one of 09 Aug 21. To add some confirmation to it all the MACD is...

RighteousTA

Bitcoin is looking like the bottom is here. On the 4H you can see a double bottom and then a higher double bottom. To add some further confirmation to the changing trend we can see bullish divergence on the RSI. We obviously still have some work to do here in terms of using 42k as support, from there a 50k BTC could definitely be in the cards.

RighteousTA Updated 

I'm starting to become bullish here. Bitcoin is still above $40k which has been a support to rally off in the past. -Bullish Divergence on the 4H -Sitting at the .618 -Pending positive momentum -Physiological support

RighteousTA

Bitcoin looks to have broken its downward trend and is heading for 50k. -Shot right through the upper trend line -Strong formation with a back test of $41.000 -Yesterdays candle closing above $42,000

RighteousTA

We had broken down from a huge Ascending Triangle formation on 1/21/22 adding more momentum to the downward trend. Now we look to be in a Bear Flag, indicating a continuation to the downside with a break of the bottom of the formation. I measured from wick to wick giving a measured move to a very strong support line at $1.123T. I do not believe we will get all the...

RighteousTA Updated 

Bitcoin has painted a large head and shoulders pattern on the weekly time frame. We have already broken the neckline with a measured move down to $20,685. From here we have multiple areas of horizontal support down to $28,666 that can hold Bitcoin up. Although, it looks like the momentum can start building if we see more bearish volume. -The RSI and MACD have...

RighteousTA Updated 

I've been waiting on this one for a while now. We have came down and tested support at $0.33 and bounced right off. The RSI had just bottomed out and it looks like we could see a potential hold in this area. I am still not ruling out a full retrace down to the $0.20 range. Although, We really need to wait for more data at this point. Here I'm just planning to DCA...

RighteousTA Updated 

I'll tell ya... I honestly didn't expect to ever see LTC at $40 to $70 dollars again. We just broke down out of a bear flag with a target move to $60. If we do not hold $60 as support we are looking at entering a huge area of confluence between $40 and $60. You can see the hidden bearish divergence that had brought us into the bear flag and the MACD is starting...

RighteousTA Updated 

Currently looking for a good entry on CRO for a long term hold. I think this project has very strong fundamentals. -We all saw how Binance coin has preformed over the past couple years. -CRO has an awesome URL of crypto.com. -A utility token with many use cases. -Strong incentives to stake the coin and incentives to spend, and receive cash back. -They provide an...

RighteousTA Updated 

The market feels very emotional right now with many fearful of where we are heading. When this is the case I find it's best to zoom out and take a step back. At this time there are honestly too many factors weighing on both sides of the equation to be long or short. Right now, I am waiting for a confirmation to make my next move. Bullish Scenario -The bullish...

RighteousTA Updated 

Compound looks like it could double bottom on a strong historic support of $180. -Volume spike on the way down to retest $180. -Bullish divergence on the 1D time frame. -Starting to make a higher high on the 4H time frame.

RighteousTA Updated 

Quick little 2 to 1 trade on OMG. Entry - $5.26 Stop Loss - Under $5.11 Take Profit - $5.62

RighteousTA Updated 

I am taking a short on Bitcoin. -We had broken the trend on Dec 3RD and used it as resistance on the 7TH. -We keep using the 50k area as resistance. -Hidden Bearish Divergence on the 4H chart. -Total Market Index looking to shave off 10-15% Trade Set Up; Entry - Current Price = $47,870 Tight Stop - Above $49,478 Stop --Above $50,843 Take Profit -...

RighteousTA Updated 

XRP had a strong really after breaking out of its ascending triangle pattern. After making a local high of 2,093 Sats it has quickly retraced to find support at 1,750 Sats. I still hold a bullish stance as long as we can stay above 1,/30 Sats. -We are currently low on the RSI, located at a historic area for bullish price action. -There is bullish divergence...

RighteousTA

What an absolutely interesting place to be at on the BTC Dominance chart. -Currently resting on old support of 39.23%. -Inside of a falling wedge pattern. -Bullish divergence on the weekly chart. The significance of this is that Bitcoin could pull from the Alts to have another leg up, making new all time highs for Bitcoin. This is the same thing we saw back in...

RighteousTA

As 2021 is coming to an end it pays to look at the whole picture. We have came far this year from around $721B to $3T. At the end of the day this helps solidify the credibility of this market as a whole. The technology in this market is revolutionary in so many different ways. We started Q1 with the NFT craze which has brought attention and new people into the...

RighteousTA Updated 

ALGO is looking like it has bottomed with this pattern painted on the 4H time frame. From the top of this pattern we have a measured move to $1.56 and potential further upside.

RighteousTA Updated 

XRP is primed up and ready to go against Bitcoin. The current momentum should take us to the green box around 2,338 to 2,633 Satoshis. From here we should see a continuation pattern form within or above the green box. Once this pattern has formed there will be a great opportunity to increase a position and extrapolate a measured move. XRP has a huge baseline at...