cryptochatter

cryptochatter

Pretty self explanatory, I think the cup and handle pattern is forming to jump back into the large rising wedge formation. RSI and other indicators point to the rising wedge completed in a large drop on the larger daily scale

cryptochatter

Target 1 is 5800, calculated from taking the height of the cup and handle structure divided by 2, added to the top of the handle inflection point.

cryptochatter

The next logical area of support and a possible target for a rally, based on fib levels and clear activity in the area. This is where the 2020 bull market started, back to square 1. Fundamentals: New AMD GPU's in Q4, new 3D cache CPUs in Q1 2023

cryptochatter

I will continue to play the range as for as long as it holds, there is clearly demand at 18200 area and supply around 20500

cryptochatter

One of the key features of the falling wedge pattern is the volume, which decreases as the channel converges. The volume is NOT decreasing.

cryptochatter

Ascending triangle indicates big volatility for BTC incoming

cryptochatter Updated 

I'm expecting it to retrace to fill the imbalance area (yellow candle) before possibly going much further down

cryptochatter

Look, the recession is going to happen whether you like it or not, deal with it, enough hope, time to be realistic. Now that the permabull hopes are thoroughly crushed, these are the likely support levels to signal a reversal of the downtrend. This latest bear pennant will target the first buy level for DCA.

cryptochatter

When you zoom out it's simpler, this is the previous double top area of AMD. Investors will be looking to protect their growth from falling below one of the last strong support areas so I believe this to be a likely area for a retrace, with the obvious target being the 0.618 line. We must also consider what could bring it down to this price, the July 28th FOMC...

cryptochatter

According to wyckoff accumulation, we are due for a short retrace then up higher. This could be the beginning of a denial rally. Targets are based on imbalances (Yellow mark by candles), this is more of a general bullish guideline over a specific target road map so I will be longing after this possible retrace and confirmation.

cryptochatter Updated 

I believe btc will fill the imbalance area and if it breaks the 0.618, further down is likely. This is consistent with liquidations, which I will post in the update. Please, read the updates for possible invalidations and subsequent change of course. Being agile is important, nothing is 100% and as LUNA taught us all, fundamentals do matter as well such as...

cryptochatter Updated 

Fundamentals: AMD has some bullish news about their new GPU refresh lineup, so I decided to see if the chart matches. On top of that, their quarterly earnings report was very impressive to me. Technicals We have strong bullish divergence forming that I believe will take us to the trendline, if not higher. That is where I will take some profits and see if we...

cryptochatter Updated 

Right now we are approaching the yearly low and a liquidation level that usually gives strong reactions at the same time, in my updates I will outline my cases for this as a sustained run beyond 40k, as well as a possible bottom soon Please see below for the comprehensive analysis

cryptochatter Updated 

I believe this strong bullish divergence will take us to the 42.5-43k region before a final drop to the 36k trend line, flushing out the longs forming. This would allow us to collect shorts for a real rally to have a chance of forming

cryptochatter Updated 

Nvidia and other tech stocks like AMD are losing steam. Currently it is outside of it's main channel and printing a head and shoulders pattern. I am expecting some kind of bounce in the DCA area, the trick is to buy s l o w l y so you don't get caught without liquidity. It's been nothing but bad news for the stock market, and the next Nvidia offerings are a ways...

cryptochatter

What more could you ask for? Playing the safe trade up to the yellow trend line

cryptochatter Updated 

I plan to DCA at the green boxes, with the way the general market is looking I find it dangerous to hold onto most of my stocks. AMD volume in this price structure is low, and I believe it needs to return to lower levels where volume is higher.

cryptochatter

It looks like the DXY has reacted strongly to the ascending channel and coinciding fib line, my target is the top of the yellow channel