mcdaverage

mcdaverage Updated  Dec 5, 2021

Nice multi-week flagging structure ready to breakout. New ATH is possible. Precondition: - Orange zone has to hold. - We have to break out of the descending channel. - Price might retest the negative trendline upon break. Buy inside the Orange Zone. Sell inside the Red Zone. NFA/DYOR please.

mcdaverage Updated  Dec 5, 2021

- Cup and handle breakout has failed the first time. (Green trendline) - Teleportation upon claiming green line (A) as support. - HTF Resistance (orange) is quite near. Either a strong candle breaching both important lines, or we consolidate in between for a week or so. Target is $541 once alt season begins (January 2022).

mcdaverage Updated  Dec 5, 2021

Based on the cyclic timeline, wave 3 will hit the Cup and Handle Target at ~$95k. - and we'll have an extended cycle going beyond March 2022 testing the top of the Logarithmic Growth Curve band within the $150k zone. The topping out will also print out a PiCycle top Signal when the 111MA crosses 365*2MA. $60k will be the bottom, then as institutions adopt...

mcdaverage Dec 4, 2021

Check your bias. It's going to be crab season. Trade the range, have stops and be safe - losing $40k confirms a Head and Shoulder pattern with a potential target of $20k.

mcdaverage Updated  Dec 4, 2021

Highlighted 3 yellow buy zones to start fading into a long position. The flip of $61k back to support is crucial for upside continuation.

mcdaverage Updated  Dec 3, 2021

Options Expiry on Friday - Advantage to Bears to Keep Price Below $60k till then. - Descending Triangle after a move down usually indicates reversals despite being a bearish pattern. - Daily RSI has confirmed a bull div within the triangle. It's likely to be a green weekend for either (a) or (b): (a) Flips ~$61k back to support to new ATH at ~$77k. (b) ~$61k...

mcdaverage Updated  Nov 26, 2021

- On monthly, Alice has failed to break out of the descending channel. - Flip of previous resistance to a demand zone is healthy to break out and confirm Cup and Handle. - Green trendline might reject the breakout again as it has done previously with the Inverse HNS completion. Good 75% TP zone. - Upon completion - Final TP is still at $44.5. Monitor BTC.D. -...

mcdaverage Updated  Nov 26, 2021

Cup and handle breakout might retest the ascending breakout resistance as support. Previously failed HNS prediction setup will soon conclude. Check my related idea for more info. Please let me know if you have questions.

mcdaverage Updated  Nov 25, 2021

BINANCE:CAKEUSDT $CAKE is currently trading in an accumulation zone. Breakout once seller exhaustion happens circa Jan 2022. Flips red line to support for new ATH at $100+. PancakeSwap is #3 DEX by Volume trading at a discount. >70% APY with AutoCAKE staking. Say less!

mcdaverage Updated  Nov 24, 2021

Ascending channel + inverse HNS + a bottoming pattern for the final dip forming a Bullish Div on RSI.

mcdaverage Nov 23, 2021

Very improbable. Yearly close, more likely.

mcdaverage Updated  Nov 23, 2021

Retest looking good. BSC coins like CAKE will follow suit.

mcdaverage Updated  Nov 23, 2021

Bullish Div + Positive trendline on RSI. 1.618 is programmed.

mcdaverage Updated  Nov 20, 2021

Macro Bullish Micro Bearish A lot of confluence for this to happen. Bear Div RSI on daily.

mcdaverage Nov 20, 2021

104W Hull MA acting as support and so far so good. Downside wicking on weekly to as low as $53k is fine as long as we don't close completely below the moving average line. Pink = bear cycle. Blue = bull cycle.

mcdaverage Nov 19, 2021

Nothing to worry about, yet. We'll get a bounce. Dead cat to be determined, SR reflip would show the strength that can lead to Higher High above $80k. - Price action when RSI enters the green bull zone remains key.

mcdaverage Nov 18, 2021

Looking for a long entry if either (1) or (2) happens.

mcdaverage Updated  Nov 17, 2021

Currently, it's trading above the 21 Week EMA which has been a really good bull market indicator, and retested it as support. Based off of RSI and the FIB channel, I see possible fractal rejection at $47. If price is successful at flipping $32 as support we might see a new ATH at $85, Q1 next year. Volume is a bit low - so Waves will need news/updates...