


On the 4H we have broken above our resistance trend line (Red trend line) and are currently holding new support upon it (Green arrows). Wait for a daily close above to confirm. Also it is very important to wait for the FEDs announcement before hopping into a position. Other than that things are looking good for a pretty big rally to the upside, before potentially...
Here is $Ape and our Fibonacci levels of the current move. What we can see from this, is the 4H candle bodies have had massive confluence with each of these levels. Currently, it looks as though this $13.50-$13.80 level could be a bottom before a relief rally. It is still possible we drop to our long term trend line around $11.70, but if this ($13.80) does become...
In my previous posts, I have outlined the bullish scenario which seems highly likely. Since so many people right now are bearish, it would make since for there to be a massive washout of shorts before potentially continuing a bear market. Although, we do live in very uncertain times, and it is important to examine the bearish scenario. This will give us a good...
$ENS we have been forming higher highs, but on our RSI lower highs. Thus we have created a bearish divergence. It is only on the 1H, 2H and 4H timeframes therefore be cautious. Could be a great short, but only on lower timeframes at the moment.
Really interesting fractal potentially playing out for the long-term outlook. I know a lot of people are currently bearish and think we could drop to the $30k level or lower. This is a valid point, but Bitcoin normally likes to surprise people. Therefore, since everyone is bearish, I want to give a bullish outlook on the long-term growth of Bitcoin and provide...
Here I have outlined every key level for Ape on the daily timeframe. The main levels of support are $14.25 and $11.70. If we can find support at either of those price targets, we could see a bounce all the way back to around $20. We also have a trend line that has been forming as support since our low of $9.50.
Since Dec 2016, every time the US dollar has reached a price of $103 we have seen HUGE moves to the downside. Will history repeat itself? Currently we have reached a high of $103.92 which has not been seen since Dec 2002!!! A selloff is starting to begin as a new month has begun. If we take a look at our monthly RSI, a slight bearish divergence is being created....
We are at a critical point in the chart that could determine the next several months of price action. We have entered our green box of support around $4100 which leaves us two options. Option (1), Buyers find support yet again at this level and we rally all the way back to our trend line - $4500. Option (2), We end up losing this support, flipping it into new sell...
Although the 3D chart looks very bearish, we have found support at our downwards sloping support on the 4H. This has created a bullish divergence with lower lows in price action and higher lows on the RSI as labeled in the chart (Black Arrows). We are also in what seems to be a falling wedge pattern (pink lines) which generally breaks out to the upside.
After finding support at our 1D trendline, we have also found support at our downwards sloping support on the 4H. This has created a bullish divergence with lower lows in price action and higher lows on the RSI as labeled in the chart (Green Arrows)
As long as we hold the 1D candle bodies on this trend line, we could see a move back to the upside.