There are two ways you can look at this past week. A.) Paranoid bias for the bull case: "This was the last leverage shakeout before 100k" B.) Paranoid bias for the bear case: - We broke under the EMA ribbons, bull market support band, and had a bearish MACD cross on the 1W chart - This is just a dead cat bounce. I...
Here is a little hopium scenario for everyone out there panicking rn
This is just a thought, please note the phase B does not fit too perfectly in the schematic on this example. I would say this is a weak chance of being the actual future scenario but it is at least relevant enough to hypothesize.
Looks pretty straight forward. Notice how on the smaller time hoizon (right fib) we see the price run right into the 1.168 levels. The next tier after that (2.168) on the small timeframe somewhat coincides with the 1.168 on the higher timeframe which is approximately $6000 - 6,200. I will be exiting my positions and shorting at these levels.
I actually don't advise investing in sushi, but this looks like it could be a good place to buy. Technical targets are: 1: Previous ATH 2: 27~ 3: 30~
My previous post " dero will melt faces " was a little too hasty and I missed this pattern in the charts. We are approaching what I comically call a "gigapump." Dero is a privacy Layer 1 Smart chain that is going to absolutely take over the Dex/Swap industry. It has legal and illegal use-cases that are infinite. The current outlook is super bullish with the...
A new trend line has shown itself after forming for the last few weeks. First, we hit this zone as a resistance level and broke down. Second, we entered a discovery period where we tested to see if it would break as the resistance which it did. Here, we are testing it as a support and simultaneously creating a symmetrical triangle. (bullish sign) While of...
Don't have time to write a description right now sorry.
Posted something similar a few minutes ago, this time with retracement levels.
This is the most obvious trade i have ever seen. Look at the RSI... look at the project... and right before altseason.
The general consensus is bearish right now. So many people think that the ETF tomorrow will be a "sell the news event." I am not wasting even a second considering the outcome of that. It is already priced in, nothing will come of it. What im wondering is why nobody is remembering the massive cup and handle pattern we are in, the supply shortage on exchanges,...
Self explanatory. We need a few pullbacks to heal the RSI but otherwise we are looking incredibly bullish. Red arrow is much less anticipated than green but its a possibility.
Too many people see the cup and handle, if you're waiting to enter for a dip, I think you will be frontrun . Don't try waiting to buy in the 5,400's too many people will open leveraged longs. Really? Do you think you're the only one with that idea? Everyone wants to long there for the f***cking mega-giga-pump cup and handle that is clear as day to all of these...
Hopium Fueled absolute best case scenario. This is less likely but will happen in one of our universes.
We are either going to hold this ascending triangle in the next hour and pump upward, or look towards a super violent drawdown over the next week to the bull market bottom support line. IMO I don't care either way because either my current holdings will be worth more - or I will have opportunity to buy even more back in the 2,400's
If we get a bounce here we could be forming a nice head and shoulders which would be a great setup for a micro bull run in october/november/december.
Let's all be honest.... The general consensus in the community is that bitcoin is going to 100k. Remember back in May when everyone said "Doge to $1" and it pumped to $0.79 but then everyone sold? I believe that right now we are forming a beautiful cup and handle pattern which will simultaniously look like a W breakout pattern on the shorter...
Chart is self explanatory. Sellers NGMI. Follow for more ideas!