SFM_Danny

SFM_Danny

We saw a very successful bounce from the bottom of the golden pocket thanks to the 90-day tariff pause announcement, however we have stayed inside the downtrend pattern which I have highlighted. We could see a slow and steady decline back towards the golden pocket area. The theory here is that if we bounce again, we would be looking at a double bottom which is a...

SFM_Danny

I believe that we have arrived in the golden pocket area (between 0.618 and 0.65 on the fib). This could be the most probable reversal area, however with the market turmoil, not even the lord knows. If we can hold above 96, then a reversal could be in place. DYOR and let me know what you think.

SFM_Danny

With the failed attempt to breach the bearish resistance, it takes us back to the downward trend tunnel, and with the Sell signal triggering on the daily, I believe we could see a further retracement to around the 107-113 area. The RSI also just crossed itself, which further supports my belief. Let me know what you think! DYOR

SFM_Danny

RUNE seems to have broken out of the shorter term downtrend and could see some action to the upside. All eyes are on BTC of course. DYOR.

SFM_Danny Updated 

I'm seeing a descending triangle pattern on the 1h chart for XRP. Expecting a drop to around 1.90 area. Lmk your thoughts

SFM_Danny

Hey, I have a few scenarios that could go down with BTC s1: we complete the double bottom and move back up, bouncing from 19k s2: we complete the 1:1 retracement from the top of the structure ( 65k ) and bounce back up from around 16-17k (very strong support) s3: we bust through and drop to the nearest support which is 12k and we will see from there s4: we go all...