Copium: 8 year long trendline Current position of trendline is $16.5k Increases by around $100 a day Had one small wick below in 2015 of around 3%
Weekly 13 count printed last night. Now it looks like a run to trading range top about to commence.
Provided BTC doesn't close over $43,000 this week, the first ever TD Sequential 13 buy count in Bitcoin history on the weekly chart will print. There have been 7 weekly 13 sell counts since 2011. Many of these occurred mid way through parabolic moves upward. 7 January 2013 - $13 7 October 2013 - $131 6 June 2016 - $665 6 March 2017 - $1.2k 30...
1. Prior resistance around 53k flipped to support 2. Confluence of fib channel, March 2020 3D close trendline and prior resistance all held thus far 3. Flag breakout - target for pole ~85k 4. Oscillators all look good - stochi turning up, RSI trending up above moving average
Continuing from previous BTC TA here: Target to the upside in in region of $125k. I think the mumus may have it - although a correct long entry would be to wait for a confirmed breakout to the upside and successful retest to enter, it is still not yet confirmed.
Wicked to 39,600 into golden pocket. Currently neutral. 1. Big flag with resolution / apex @ 44k and Jan 2022 - bottom trendline from here 34k. If it breaks below 34k and starts to close below on higher TFs then oof. 2. Dotted red line at 40.7k region coincides with prior swing highs (the "shoulders" of the H&S that everyone was calling a few months ago)....
Continuing from earlier Wyckoff reaccumulation TA, if this formation is to be confirmed as reaccumulation then the price should not drop back into the trading range which conservatively is around 42k or less conservatively around 41k. If it does then the price should absolutely NOT drop below the LPS otherwise the entire formation may be invalidated. LPS is...
This chart has been ground into the dust for a long time. 1. Golden pocket holding as support 2. Oscillators turning up 3. RSI turning up after three drives of bullish divergence 4. 2W TD Sequential has a 9-9-13 count printed I don't have any specific targets, it just looks bottomed out.
Carrying on from my previous 5D LINK TA here: 1. It successfully broke out of the falling wedge it was in and hit the $30 target 2. Now it looks like a potential Wave 3 with a target of ATH on closing basis circa $52.30 3. TD Sequentials all fine now unlike prior chart where it was signalling trend exhaustion 4. RSI uptrend Wave 3 idea is invalidated if the...
Relatively simple formaton breakout - target towards $7.70s.
Following on from my previous chart where I had a modest target of 0.08 ETH, this chart is still ridiculously bullish. 1. Second bullflag breakout to the upside 2. Target 0.275 ETH based on size of pole and sheer momentum 3. Oscillators still look ok 4. Massive volume node up top acting as support
SNX has filled in the void that existed between 6.40 and 11.50. Volume node (purple rectangle) held. Looks like it is breaking out, next logical stop on breakout is the POC at $19.50ish.
Test of lower trading range boundary apparently successful so far pending American holiday weekend drama. Right shoulder of an IH&S potentially forming but a bit early to call it - worth keeping an eye on though.
What is interesting is prior full 13 count as resistance flipped to a full 13 count as support.
1. Three drives on reducing volume 2. 13 count 3. Double bottom on golden fib Intermediate target 3k, longer term swipe at ATH if break upward out of pennant.
34k targert for break up out of wedge , invalidated if break down from wedge - although blue box has been a zone for a lot of flash wicks both before the April top and since May. Currently in golden pocket.
1. Double bottom 2. Previous ATH flipped from resistance to support 3. Bullflag breakout Target 0.08, circa 50% gain
Lots of confluence on stinky LINK coming up: 1. Long term trendline from Dec 18 2. Golden pocket fib 3. Wedge apex on lower timeframes 4. 13 count completion on 5D candle - never seen before I would target $30 for a bounce off that trendline, invalidated if trendline is broken. Theoretically we are ALL made of cheese.