Yung_Crypt0

Yung_Crypt0

Looks like we broke through the trend we've been in for the last few months, but until we close above it and continue upwards nothing is final. Hopefully supply at these lower to mid 3k levels has run out and we can find a new floor somewhere in the 4k area. The RSI is clearly in an uptrend, but I'd like to see the RSI remain above 50 when the correction comes in...

Yung_Crypt0

The white line represents a trend dating back to the great recession from 2008. As you can see we broke down below it during the losses that occurred late last year, but since then the market has rebounded due to the narrow avoidance of another government shutdown, and on hopes of a trade agreement between the two world superpowers. Now that the government will...

Yung_Crypt0

BITFINEX:BTCUSD seems to be trading in a continuation pattern, and with the depleting volume I'd say we are about to enter another leg down. We are slowly creeping up on the 200 MA - as indicated by the light blue dotted line - and if we close below the MA on the weekly time-frame then I think we could fall into the 2000s. Let me know what you think!

Yung_Crypt0

NASDAQ:QCOM found support from an almost decade long trend after being in free-fall since since September. This might be an intresting stock to hold onto this years since we will see 5G start to rollout. This new 5G technology is going to be very present in our lives going forward. Not only in cell phones, but in self-driving cars, house appliances, ect... As...

Yung_Crypt0

I don't think this is going to play out but it's something to keep an eye on. If prices drops much lower than the pattern will be invalidated

Yung_Crypt0

Welp we reached the end of the pattern and the move we've all been waiting for was..... A bad one:( GEMINI:BTCUSD sliced through key support levels and now we've offically entered a bear market. So now lets try to find some support wherever we can and ride this out.... I learned of a type of chart analysis recently known as "symmetry" or "equal drive" from a...

Yung_Crypt0

Well it looks like the runaway gap that formed back in July last year is finally going to be filled. With all the downward momentum, as indicated by the MACD and Stoch RSI, that gap is acting as sort of a magnet just pulling the price down. The CMF also indicates that there is a lot of sell pressure so lower lows for NYSE:BABA should be expected. The tech...

Yung_Crypt0

Noticed a head and shoulders pattern forming on the 4 hour and it seems to be confirmed by current price movement; along with the bearish cross on the MACD it all seems to indicate a downward move.

Yung_Crypt0

Looks like we are going to stay true to the pattern. Hopefully we can see a nice little return here before we continue our path down

Yung_Crypt0

Hopefully we see a re-test of the previous run

Yung_Crypt0

As BINANCE:BTCUSDT flies through support here's my analysis of whats going on. First post... sorry if this is a little rough