hantothelei

hantothelei

massive volume spike with enough sell pressure to not move price for the last month. looks like a retreat to the ~$5 area

hantothelei

moooning in the moon obious moon slingshot 85 pattern with jupiter aligning with the stars and the tides going straight to da moon

hantothelei Updated 

when moon? now moon. pretty sure this is the reversal point. a ton of sell volume but all being absorbed around 19000. so pretty sure it's either the bottom or a temp bottom for next few months.

hantothelei

do you think it'll drop to 5 dollars or bottom out here?

hantothelei

good swing trade. low risk to possible very high reward. monthly looks like it's going to the 55 ma, and that would be around 1580, and a solid support zone since it couldnt stay above 1900 area, i think for this week's candle is gonna end much lower, and maybe pump on monday then reverse mid week into 1580 area.

hantothelei

bitcorn, i think will pull back soon. probably next week for a more serious move probably just start building a position rn. There's strong shorting volume with decreased buying volume today. divergence, at a solid resistance zone, macd already crossed, accumlation is at a high. solid trade if you feel like taking it, target 100 and 200 daily MA, although DCA out and in.

hantothelei

a bunch of bear divergencies been building, russell making a h/s and usually when stuff breaks out it retests previous top which would be 3400

hantothelei

cup and handle on the daily, and heading towards the top of the range, possible long or short play depending on which way it moves and how volume comes in around 3040 ish. easily push it to the top of the resistance, or back then, and if it breaks the resistance at the top, it shall moon.

hantothelei

based this decision basically off of just the volume and where it's at. market cipher confirmation helps the confidence a bit, but lets see what ends up happening.

hantothelei

just an update from the last idea, didn't fall as far as i thought, but the sentiment is definitely switching now. repositioned from the last move, i believe we could break 55k this time right down to 54, 52 area.

hantothelei

that shit a top, down to .70 to .80 cents in a week or so is my guess. but this aint financial advice, and I could be wrong.

hantothelei

ETH is showing some strength while bitcoin is showing weakness. ETH popped up from it's support at ath with a inverse head and shoulder. I think this might be the turning point with bitcoin dominance. might be a good entry for a long on the double bottom if it plays out like this, and if it does play our like this. then to the moon we go.

hantothelei

bitcoin been showing weakness while eth been showing strength. I wonder how this will play out. 1830ish might be good entry for a long.

hantothelei

bitcoin is losing steam towards the upside. when the sell volume comes in, it comes in hard, and the bounces up are getting weaker, and weekly plus monthly is way over extended.