averkie_skila

averkie_skila

How can altcoins grow if we have a bitcoin decline looming?

averkie_skila

Soon bitcoin will start taking capitalization away from altcoins.

averkie_skila

But I remind you that the weekly RSI is moving down.

averkie_skila Updated 

All symptoms continue on 8H chart. I guess we have to wait for the red cloud to form on the 1D chart to be completely obvious. By then the price will be around $100. And from there it will go even lower. Increasing short position on bounces. The SP500 has already started its trek down from the ATH. It is predicted to have a 20% correction (I assume...

averkie_skila Updated 

Tenkan-sen has been walking steadily in the side for a long time. Powerful support. Green Kumo cloud will not be breakdown.

averkie_skila Updated 

If candles have fallen into a cloud, and crosses began on indicating lines - it's serious.

averkie_skila

It takes 1-1.5 days for ETH to finish this walk on the level.

averkie_skila

2 days timeframe. A striking similarity of the reversal pattern. Whatever charts tell you about this or that shitkoin, keep in mind - this chart here is a battle hammer. If it starts to up move, no coin can stand against it.

averkie_skila Updated 

Hello everyone! I'm starting to take a closer look at interesting 8H timeframe. On one hand it is twice as reliable as the 4H for trend detection, on other hand it is more likely to tell me what is going to happen than a 1D timeframe chart. Yes, and for this chart I set the classic settings to Ichimoku because I am testing some preconceptions about...

averkie_skila Updated 

It is no longer possible to cancel the development of Kumo's red cloud. There is no way to burst upward at this point. Only lower.

averkie_skila Updated 

Too many confusing predictions. People are floundering. Let's take a look at what the Ichimoku clouds are telling us. Yes, I'm sure DOT can take $36 and $40 levels later. And even higher. But. I'm talking about the immediate situation so far. The levels of $31 and $33 are in sight.

averkie_skila

Why should seeing this make me think about some kind of upward run? I don't think so.

averkie_skila Updated 

So, let's evaluate chart history, I'm not a fan of short forecasts, and we should look at broader patterns. To do this, let's try to build a Fibo channel on a weekly chart (with logarithm enabled, it's important) so that the ascending diagonal is 0 from which the growth starts. 1. The first episode. The price went up to 0.236 Fibo, and for some time sneaked over...

averkie_skila

Have to breathe smoothly.

averkie_skila

The first one is better.

averkie_skila

Usually, such ugly overhangs on the Kijun-sen are accompanied by a retest Tenkan-sen line and even a test of the top side Kumo cloud.

averkie_skila

This is a whimsical indicator, but it still can't run far.

averkie_skila Updated 

Yes, the dominance makes the growth after a long enough correction. But I see that it is still a downward wedge. Up to 66.2, I do not think the trend has changed. Also, if you turn on the weekly chart and look at the Ishimoku clouds, that cross of death on Kijun-sen and Tenkan-sen still has not been cancelled. This is just a fairly tangible correction.