Worth_The_Ri5k

Worth_The_Ri5k Updated 

The BTC.D Chart shows the total % of the Cryptocurrency market cap that BTC holds, why is this important? When BTC Dominance rises, that means money is flooding out of altcoins and into bitcoin, usually in highly volatile times. When BTC Dominance consolidates its a sign that money is moving is flowing between the altcoin and bitcoin markets and this is the...

Worth_The_Ri5k Updated 

Some alts are starting to look good in the cryptocurrency market at the moment. ICX is: -Bouncing off the 0.382 fib -Bouncing off a orderblock -If this bounce continues it will be a higher low -Bullish retesting off two downtrend resistance lines (see comments for more detail) -RSI is above 50 and looks like its bouncing (see comments for more detail) -Possibly...

Worth_The_Ri5k Updated 

Descending scallop is a pattern that can be traded long or short. The price comes down forming a elongated rounded bottom then has a throwback. The high before the throwback (small dump) is the breakout level upwards. The lowest point of the rounded bottom is the breakout level downwards. So first we need to wait and see if there is a throwback - unless we...

Worth_The_Ri5k Updated 

Two flags on SP500/US30 15m. Will they hold and pump or head down to close the gap from earlier? Take note that Both charts have broken upwards out of a rounded top pattern. (See comments for further details, overview)

Worth_The_Ri5k Updated 

This chart is just to reflect on later/view to identify the current gaps on the Bitcoim CME chart. But why is this important? CME, as a multi-billion dollar derivatives company, has no incentive to push for Bitcoin options and other investment vehicles if there simply is no traction or demand from the market. As the company’s executive Tim McCourt said, CME’s...

Worth_The_Ri5k Updated 

Possible descending scallop pattern on BTC. Ive made two charts two show that: 1. We could be already playing out the breakout of this pattern (left chart) 2. We may come down now and this pattern can fail this is the real breakout of the pattern (right chart) Descending scallops form the rounded bottom then after a short uptrend the price swings back...

Worth_The_Ri5k Updated 

Possible Ascending triangle setup on BTC that can lead us to the 5th touch of a falling wedge. If the falling wedge breaks up we can reject the ADAM and EVE pattern on the 4HR (See below) Otherwise 8500 is the level to watch for down breakout of that adam & eve. If we do continue up here it could be the confirmation of a higher low, BTC has bearish signs but the...

Worth_The_Ri5k Updated 

Possible descending channel on BTC 4HR, the nexus indicator (swing indicator) shows a red sell signal also. This can take us to the weekly orderblock below (grey area) or if it invalidates we can see a break of the resistance and a bullish retest off the channel.

Worth_The_Ri5k

ETH/BTC Looking pretty interesting at the moment. Bouncing off the golden fibonacci ratio + previous resistance off a weekly orderblock. Daily RSI is also moving across the median line, weekly is touching. Alts have been starting to get some love across the board maybe its time for them to shine over the next couple weeks.

Worth_The_Ri5k Updated 

Possible adam and eve top on BTC 15m, this could be the moment bitcoin stops floating between bullish and bearish and dumps. Looks like its rejecting now off the neckline. Need to get above 9300 or so then this pattern will be consider INVALIDATED. There is also a rising wedge on the 5 minute chart.

Worth_The_Ri5k

ETH broke out of a nice broadening pattern, now we are a painting a smaller flag that looks to break upwards. If the flag holds looking at a upwards target of at least 230. Otherwise a break down and ive outlined levels we can bounce from, we never had a retest on this current breakout so i will be watching for one if we do come down.

Worth_The_Ri5k Updated 

Nice bull pennant on the 4HR for GOLD Got a email about the disruption in the supply of gold due to coronavirus so expecting volatility

Worth_The_Ri5k

Australia about to go into lockdown will be expecting a bearish reaction here got a nice entry with a tight stop loss incase.

Worth_The_Ri5k

Using the broadening wedge pattern to trade BTC here as a breakout trade. WIll consider going long if it breaks out above 7000 otherwise its a short