Folks! If you took my call from a few days ago your now sitting with a nice 28.15% profit with, in my opinion, more room to run as RSI has not entered extreme oversold territory. In my prior post, I discussed the bullish engulfing reversal may lead to price action going sideways to retest support which is exactly what happened. The price bounced at same level of...
Bullish Engulfing reversal in historical support area. Note the bullish divergence on 4hr with higher lows on RSI and lower highs in price. Historical support holding strong usually indicates a strong impulse reversal. If price action goes sideways we may retest support before bouncing but this setup indicates otherwise. Traders will see this bounce, trade safe!
My count on the 15min. wedge forming here. Horizontal movement narrowing until we get a break. I think we'll see a bullish move over next couple days. Patience!
Cardano! RSI low here, we could get a break over next day or two with increased volume. BTC is an interesting spot, very undecided, lets watch that play-out. Target is 4300 sats to complete wave 5 here. Other scenario is we move horizontally over next few days before we break out of bullish pennant. Trade smart!
Bull flag on the 1 hour, lets see if we get a break. We need volume!
BTC on the daily. My count gives the potential that WXY continues with another correction wave to WXYXZ. Lets see if the Bears win once more before we find a bottom and bull season begins.
My count. I see a bit more horizontal movement before we see another major move. Lots of talk about if BTC and ALTS found a bottom or if we have more to fall before bull szn. Lots to watch over next couple days.
As obvious as it comes, bearish triangle playing out here. Saw resistance at .618 fib but broke through. Lets see if we get a reversal at .5
testing prior high, lets see if we can break higher. other option is a double top forms and we fall
Falling wedge here. Bull setup, lets see if we get a break upward
Looking for bounce of this trend line. RSI low, lets see if it holds
bull flag formed on 4h. Moving along .5 fib. Lets see if we get a bounce.
Dash working to retest .236 fib. Lets see if it can keep this momentum and have string bounce off the corrective wave to get there. Will need lots of volume, and largely depends on crypto market movement as a whole.
RSI overbought, looking for slight pullback and some horizontal movement before another bounce. MACD about to cross. Market is "picking up" so to speak, but we could see one more drop before bull season! Make trades strategically and lets see how it plays out!
ABC correction looks to have found bottom and completed. Seeing breakout on 4h but will likely bounce of .382 fib and longterm downward trend line(could fall short and bounce off .236 fib). BTC needs volume to test these big resistance lines. Crypto market sentiment seems to be improving but not bullish yet, little ways to go. Lets see how things unfold!
Shorter time frame look at EOS. Looking for bounce off upward trend line. Waiting for good entrance long, let see how things play out over next couple days.