ijiro

ijiro

With the weekly potentially closing as a bearish engulfing or even a tweezer top by tomorrow, I would exercise caution around this level. Historically so far, similar weekly closes have been towards the downside. On top of this we have bearish divergence on the RSI in play if the candle cannot recover by tomorrow. If you're looking to the buy the dip, I would...

ijiro

BTCUSD is currently breaking down from the descending triangle with a 12H close outside of the structure and 55 EMA. Volume is increasing while selling pressure mounts with all oscillators moving downwards. RSI is entering the bear control zone and can close in it with the next 12H close. HVP is also expanding with this breakout implying the move downward is...

ijiro Updated 

BTC will close the 12H candle below outside the pennant consolidation and the 21 EMA, indicating a potential breakout. Stochs, MACD, and RSI are pointing downward. RSI rejected from the bull control zone and into neutral zone. Target towards the 55EMA with confluence of measured move of the pennant.

ijiro Updated 

Twitter failed to break through a long-term resistance at $55 and has just closed a daily candle that confirms a local top. With a confirmed local tops also confirms bearish divergence on the RSI. RSI is also crossing down it's 21 EMA and is about to leave the bull control zone. I suspect the price to come down towards the 21 EMA and previous resistance at $46....

ijiro

With CME closing it's 3D candle today in a couple of hours, it's very likely we will see further continuation to the down side. A bearish engulfing candle is forming on CME and a close below $33405 would confirm it. Long wick down from the top with heavy selling volume indicates rejection from the high and implies a potential local top is in. RSI is coming from...

ijiro Updated 

BTCUSD is about to close this current 12H candle below the 21 EMA (blue line) and previous breakout resistance. A close below would open the possibility for price to continue on downward to the next support. RSI, MACD, and Stochs are aggressively pointing downward while also selling volume is increasing. Breakage of this trendline on stochs that has held price up...

ijiro Updated 

12H closed below 10 SMA which it has not done since 22k in December. Stochs, MACD, RSI are all crossing down and I would suspect price to come down to the 12H 21 EMA at the minimum or previous breakout resistance at 34k. Likely short term support and bounce there.

ijiro Updated 

ETH's current weekly candle is hovering over the weekly top of November 23. Why this matter is that if this closes anywhere above the price point of 0.03167 BTC, the previous local high; This would be a break of trend since the highs in August. A higher high would be formed instead of a higher low, reversing the previous bear trend. To coincide, volume is rapidly...

ijiro Updated 

At the moment Ethereum is currently consolidating at around the $1200 level after making a powerful ~60% move upward. On the 4H, there's a clear resistance at $1260, however price action has shown support for the 4H 21 EMA (light blue line) and consistent lower highs; forming an ascending triangle. MACD and Stochs are crossing down while price action remains...