g0nzo

g0nzo

volume support and arbitrary (or not?) fibonacci circle convergence in the $10kusd region just lookin

g0nzo

Bearish divergence on the daily RSI in perfect confluence with the top resistance of this rising wedge pattern gives a great risk/reward trade setup. I dont trade stocks personally, but i chart some stocks for a family member and found this rising wedge about a week ago, and just now confirming bearish divergence on the daily RSI. Just something I thought some...

g0nzo Updated 

i will post in the comments why this support line is so crucial, and why this coming price action is coming to a climax very soon. the pattern we are forming with the top resistance line of the descending channel and this macro support level is very, very important

g0nzo Updated 

I posted and idea recently questioning the significance of this white trend line i drew on my BTC chart a couple weeks ago while fishing through the macro trend for some clues. It seems to have given us a very strong bounce, and it perfectly lined up with the 3.618 fib circle band shown here. We did get rejected by the daily 50ema today, but that is to be expected...

g0nzo

I know there is and will never be one magical trend line, fibonacci tool, or technical indicator that can predict with 100% accuracy when a bull run may start, when we've reached a bottom, and when a bear market may officially start, but bare with me here. These fib circles are drawn from the top of the 2018 bull run, to the top of the 2019 run. If you look at the...

g0nzo Updated 

title pretty much explains my thesis. we must break 36.5k to create a higher high in price action, while the RSI is already eye to eye with previous highs, likely to form higher high on indicator. last time this happened was Elons infamous twitter post that resulted in a massive bulltrap. coincidence that little conference was scheduled when it was? i think not....

g0nzo Updated 

so i see a lot of people have done a complete 180 in their attitude toward the market in the last 48 or so hours, since we've had this rapid and substantial upwards price action these last two days. while i am about as bullish as it gets when it comes to Ethereum and Bitcoin (and many altcoins), I think it is still very wise to approach the next few weeks with an...

g0nzo

no real analysis here, just wanted to put this chart on everyones radar in case you havent been following. breakout of this pattern will be a massive move for the entire market. a good chart to watch over the next several weeks to gauge the market and make informed decisions mostly relating to your spot wallets, not so much trading. accumulating alt coins when the...

g0nzo Updated 

follow up of the post i made a while back when we were breaking down out of the rising wedge, when we also formed a massive head and shoulders. target should be reached soon, but idk how confident i am that we will fully stabilize when we do. things looking dicey in market last 48hrs. hope everyone is taking advantage

g0nzo Updated 

we are at the very moment falling out of this descending triangle we have been forming on the daily timeframe using the top of the descending channel as the upper resistance. hold on tight ladies and gentlemen this could get smugly real fast. ill post a zoomed out picture so you can see the significance of the white and yellow macro trend lines ive drawn. godspeed...

g0nzo Updated 

we are inching our way up to the top of this smaller paralell channel, and the top of the pitchfork that we rode down out of the rising wedge we broke down from a week and a half or so ago. we are currently catching a bit of resistance from the pink fib circle band that we used for support on our last journey to the top of this pitchfork. top of the parallel...

g0nzo Updated 

eth still showing bearish divergence in the rsi in all the higher time frames. painful

g0nzo Updated 

so im not so sure this long white trend line ive drawn would have enough significance to force a major move from btc by interacting with it. we are squeezing between it and the channel, and the 50ema will collide soon as well. i just dont know if this line could have that much significance? it will be playing out today most likely, defintely the next couple of...

g0nzo Updated 

IMO this move up doesnt feel right. we getting no traction after breaking the downward sloping resistance. formed a bullish divergence on the 1 and 4hr RSI and macD, immediately following with this current bearish divergence. maybe think about taking heavy profits if you longed the breakout and wait for retest. we havent had the classic "blink and you miss it"...

g0nzo Updated 

got a close eye on this next 4hr candle. lines up with the fib circle band this gonna be juicy. risk management!!

g0nzo Updated 

just a for fun prediction of how it will play out based on a few fib tools (didnt show them all cause it would look crazy)

g0nzo

few things lining up here. bullish divergence in the daily macD, along with the midline of the falling channel we have been trading in since the crash crossing a macro support level that was most recently used as support before the run to all time highs.. couple other macro support levels down below should we get squeezed down. always have to be careful longing...

g0nzo

i know ive been posting a lotttt of btc and eth charts recently, but guys i really feel like were closing in on a massive move here. im gonna share a little theory i THINK i have in this post lol. you can clearly see the significance of this pink circle band, as it has been the last line of resistance to bullruns. when we find support on this band we go parabolic,...