prefabsprout

prefabsprout

Because if that's what just happened we are bullish after all... Let's see if bulls can hold 85k today and continue up over the weekend? What say you?

prefabsprout Updated 

Obvious falling wedge here gives us hope, however we could still see a bleed off to around 70k before we get a pump out of the formation. Dumping out of this formation would indicate a bear market in my mind, and fundamentals of Trump/WW3/swine flu/climate catastrophe support that. Exciting times lol!

prefabsprout Updated 

On the 4h we see that price is respecting this bearish channel and 70k looms. Failure to break up out of this channel favors the bears strongly.

prefabsprout Updated 

Today and tomorrow are critical. Today's candle needs to clear 89s with conviction or we stand a very strong chance of falling down out of this rising wedge and that will spell 80 or lower most likely. RSI looks healthy and bullish however. All that said, beware of some fakeouts in one or both directions to lure leveraged traders one direction or the other based...

prefabsprout Updated 

Timing would be just right for a bullish break up and out of this huge descending wedge some time in the next few days. An upward channel has developed on the 4h chart, which further signals this may be where the price is headed. Please add your thoughts on this idea below.

prefabsprout Updated 

Chart speaks for itself. To have hope for this week we need to push into and up out of the formation we fell out of. This will signal that this was all a bear trap after all and we can regain hope to go up. Any predictions?

prefabsprout

Since ATH we have been in a downward channel on the Daily BTC chart. Until we break up out of this there's nothing to be happy about on the Bull side of things for the mid to long term. That said, today we are at the bottom of the channel, so a swing trade long is tempting. What say you?

prefabsprout Updated 

Do you see the timing? If it doesn't break up or down sooner it will have to make a decision by Monday morning. So which way will it be? Sell the news on a dud of a Friday night Crypto Summit? Or ground shaking headlines Monday morning?

prefabsprout

Interesting to see what happens by the end of today! Will be break up or down from this structure on the 4h? Thoughts below please.

prefabsprout Updated 

Crudely drawn, but we broke up and out of something here on the 1h. 93 is the resistance of the larger structure. Retesting now so this may be a good entry. RSI is cooperating nicely! Any thoughts are greatly appreciated.

prefabsprout Updated 

Leveraged shorts are stacking in favor over longs. This is good news for bulls, I think this level (80ish) will hold and we will see a short squeeze later this week once enough shorts pile up. That won't mean we are out of the woods, but it will mean some relief and might make for a nice swing trade for those so inclined. I'm definitely in the 70-40-20k death...

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Just a news flash; crypto spike on a Sunday morning with Trump endorsing ADA SOL and XRP. Will this inspire a buying frenzy? Could this be the catalyst for a new ATH or just another rug pull? Crazy how slowly news spreads on here.

prefabsprout

Just a news flash; crypto spike on a Sunday morning with Trump endorsing ADA SOL and XRP. Will this inspire a buying frenzy? Could this be the catalyst for a new ATH or just another rug pull?

prefabsprout

that as a fun election night! longed from 70k up to 75k and sold when it looked like the fun was over, with a definite fear that id wake up to see 80k. alas that's not happening, so time to wake up and short some alts that over-excelled last night. I'm short: POPCAT, LDO, INJ, MINA, FTM, BONK, UNI, AAVE, TAO, SOL, AVAX. Going very well so far; tight stops;...

prefabsprout Updated 

We just ended the week printing a Shooting Star, which means serious selling pressure and likely reversal to the downside is incoming. If you are buying here you kamikaze and will likely get badly trapped. Expect BTC and all of crypto to decline in the coming weeks. I'm a short a bunch of alts and already in terrific profit, especially in POPCAT and BCH. Good luck.

prefabsprout Updated 

this is a case for more sideeways well into 2025. this pennant ends in april 2025! scary stuff for hodlers and swing traders alike. only the best day traders who can somehow beat the bots (meaning no one on here) will survive. what do you make of this? and bonus points if you can tell me the subject reference without googling...

prefabsprout Updated 

I think there's a good chance it comes down to support just under 16 cents and possibly quite a bit lower depending on how to market looks at the close today and tomorrow morning. Tight stop loss, high probability. TRX is lagging behind the other alt corrections.

prefabsprout Updated 

This is a classic bullish Megaphone pattern on APT. Kinda feels like buying the top but all of the hallmarks are there, most notably the 5 waves, bullish entry, rising volume. I'm placing low margin longs and hoping to see a breakout to the upside when BTC breaks out of a bullish descending wedge pattern it is in on the 4h chart. I'm still overall bearish on...