birdy619

birdy619

Shorting RNDR for a potential return of 40%. First off what drew me to enter shorting RNDR was the recent increase in price over the past two weeks. it has had a gain of over 50%. since the gains have been so big over the past two weeks i feel profit taking is about to begin when looking at the daily time frame. This idea is Supported by the bearish divergence,...

birdy619 Updated 

looking at the three indicators below its quite clear that bitcoin is bottoming out. there is alot of support that either we already have bottomed out or we are really really close to the bottom. one other piece of information is there was a gap that was filled recently on the btc futures chart. we all know that was the last major gap that needed to be filled....

birdy619 Updated 

either we are going to retest $180 price range or we are gonna breakdown to who knows where. within the next two days we will be making a move.

birdy619

even though we have printed a bear flag it is still possible that we break out to retest the 4 hour 200 MA with a price target of 180-190 if we break upwards. some things that are making me lean bullish the patterns produced on the CCI and the RSI. The RSI has yet to to break out into the overbought zone so it is very possible in this tightening rang we would be...

birdy619

in my opinion although we have yet to break out of the down trend i think it is a safe time to begin the accumulation. the candle sticks are getting smaller on the monthly with wicks upward. this tells me the bulls are stepping in at these prices. aside from that we are about 85% down from the last swing high. oversold on stock rsi and momentum indicator is making...

birdy619 Updated 

looking at bitcoins exuberance in the year 2020 we are anticipating a pull back to the 8k range to confirm support. w\yess the monthly is bullish but looking at the weekly stock rsi we are potentially overdue for a correction. is bitcoin going parabolic again. i dont think so. i think the parabolic move was due to the excessive selling that happened during the...

birdy619 Updated 

is it possible we bart up, instead of breaking down? if we take a look at the 150 week moving average(Blue) it has held strong for about 6 weeks, and we have not broken through. now we are seeing selling pressure bottoming out on the weekly RSI. meanwhile the Stoch RSI has been trednding upwards with support coming in and pushing the price out of the oversold...

birdy619

Anyone here looking to trade bitccoin needs to make shure they are prepared for the the incoming gains. we spent alot of time in the oversold portion of the stoch rsi. we also see that we produced a technical double bottom in the price and the RSI. that's insane! there are two points where we are seeing divergence, the stock rsi and the cci. this tells me that...

birdy619

so currently we await the fait of this cannabis stock. s if we look at the fib retracement this stock has broken through the majority of support. with possible recession talk on hand, bad earnings, and an exuberant rally of 6,000% in 3 years. its a no brainer this stock need a much need pull back. what we are waiting on now is for it to find support before we...

birdy619 Updated 

although i am bullish on this pattern we have produced the best strategy would be to long above the top yelow lines on leverage with a stop loss dont waste your time looking at complicated ideas. if bitcoin drops who cares your not jumping untill we break up on leverage and you can buy back at a better price. if the bitcoin rocketship shoots for the moon great...

birdy619 Updated 

we currently awaiting the major breakout between the 25week and the 150 week moving averages for the price. we have a bear flag formed but with the stoch rsi moving out of the oversold region, and the CCI momentum indicator showing divergence, i feel like we are getting ready to retest the 25 week mvg avg soon. the larger pattern produced over the course of this...

birdy619

currently if we take a look at the 4 day chart we see bitcoin has printed a bull flag. yes I know its a ugly bull flag with a bunch of wicks but if you take a moment and look at the volume we are at the lowest volume in relation to the big move towards 14k back in June. the oversold stock RSI,which is currently seeing a move upwards trending , is what is making me...

birdy619 Updated 

strong resistance currently at 11k. if we break through we will move up towards a target of the resistance lines at around 12.3-12.5k. the stock rsi on daily is oversold but the 4 hourly stock rsi is looking to do a possible pullback starting tonight 7/15/19. we will find out soon!

birdy619

This rising wedge is coming from the heavy resistance from the 2011to 2018 support line which is currently acting as major resistance in bitcoins attempt to go to 16k or 20k. The blue line is the strong support for the recent price action of 2019 but will it hold in an attempt to break past 20k. or will we retrace down to the .618 fib after the first attempt. or...

birdy619

notice that we had wicks over the 34MA with the stock rsi topping out in the overbought region in the 4 hourly chart. This tells me we need to wait for a pullback down to the 150MA which has held a strong support several times throughout bitcoins bull run. Buy in after the next pullback with a stop loss below the 150MA. Furthermore, if we do go long after this...

birdy619

looking at a possible ten to fifteen percent gains max. before the strong red downtrend line. good short term opporunity looks solid ive been invested in NEO so im in this either way. we are in a bear market so usually the rule is ignore bullish trends, but since the volume moving average indicator has already spent quite a bit of time below the 20 mark we should...

birdy619

looking at the chart that i have posted we are yet out of this downtrend! we are in a critical position with ontology. we are testing the white support line and it has held after two bounces off, so indeed it looks strong. we are currently in a downtrend and along with that being said we have tested the top red resistance line several times. with the previous...

birdy619

alrighty everyone let talk NEO! im not using indicators except for the fib retracment to show potential support line. neo fell through a small uptrend and now could fall one last time. the support levels are shown by the fib and the strongest support is in the 7200 sat. Because the whole market seems to be more bullish lately, i think this might hold and even...