TheCryptoClass

TheCryptoClass

We have conflicting signs right now. We have a bullish ascending triangle , yet blatant ongoing bearish divergence. Lets see what happens...

TheCryptoClass

We have conflicting signs right now. We have a bullish ascending triangle, yet blatant ongoing bearish divergence. Lets see what happens...

TheCryptoClass

Lots of resistance, but with the right momentum, it could smash through...but much relies on BTC

TheCryptoClass

Bullish inv H&S forming on the 15min? Fingers crossed! Watch for the long call bounce at the fib!

TheCryptoClass

Just look at this big ass OB we are trying to punch through! If we do, organically, I would look for a retest, a WICK on the 4hr dipping into the OB before heading to the fib marked. If we do this, we shouldn't see 6800 again!

TheCryptoClass

There's been some crazy pumps lately, likely looking to trigger that short squeeze. Its hard to say how much, if any of it is organic or just pure pump n dump manipulation. Either way, if we did see some more upside form this latest pump, here are my thoughts. The green OB represents previous resistance, now turned support, and the red OB indicates the point...

TheCryptoClass

Did you miss the NANO Pump? Watch for these retracement targets

TheCryptoClass

I promised you a bullish chart and possibility! Assume our 15min wedge breaks bullish and retests the downwards lower high trend line, this could be a good setup for an inverse H&S should price bounce off our black marked support. Looking at the target for this H&S would bring us up into the ~$6900 which if organic (ie not caused by manipulation....cough cough)...

TheCryptoClass

Watch for the following scenarios...

TheCryptoClass

In support of my previous bearish suggestions, here is what the capitulation phase may look like if we broke out of the rising wedge with force. What could trigger this? The media is a powerful beast...

TheCryptoClass

This is one of many scenarios, both bull and bear, but with about a 70% chance of this rising wedge breaking bearish, it just makes sense for me to post this possibility first. The common scenario for a rising wedge, if bearish, is to fall out the wedge, retest, and then fall further. In this case I have drawn out the previous resistance box and we find...

TheCryptoClass Updated 

But we got some sickening resistance above. Possible cup n handle forming which would find resistance on the breaker/OB marked out. If it bounces, looking for a long to at least 6900. If it falls through the OB, next support is a fair fall down.

TheCryptoClass

Fib/OB Confluence Flag pole meets confluence IF this is a bear flag...we still have some capitulation to go!

TheCryptoClass

Check for a bounce on the previous channel

TheCryptoClass

Lets see

TheCryptoClass

Got some big levels to break now...

TheCryptoClass

Trying to hit the OB and Trendline confluence

TheCryptoClass

I'll frickin lose it!