rlando

rlando Updated 

I've been looking at peak anchored VWAPS recently, and they seem relatively significant from what i've seen. Unless BTC continues blasting up above it's current short term resistance line, I believe we're in a clear ascending wedge. In a downtrend these tend to signal bearish continuation. The 2013 peak VWAP has coincidentally looked like an area of significant...

rlando Updated 

ETH has essentially been ranging between around $1060 and $1300. Those levels happen to coincide with anchored VWAP lines beginning from the 2018 bear low and the first daily candle on this chart from August 8th 2015. While ranging, ETH seems to have traced out an ascending triangle, which is typically a trend continuation pattern. Therefore, I believe there is...

rlando Updated 

Simple thing I noticed. Ethereum appears to be in a descending wedge which could signal a short term bullish reversal. Perhaps on the back of hype about the merge to PoS. Meanwhile Bitcoin looks like it's tracing out a rising wedge which could signal bearish continuation. Curious to see if ETH can decouple from BTC temporarily. In the event that this happens as...

rlando Updated 

ETH has found support at it's VWAP dating all the way back to inception August 8th 2015.

rlando Updated 

Decreasing volume and looks like there are divergences forming on the RSI and MACD, nothing fancy. Could see AAPL back near 120 in mid '22 maybe?

rlando Updated 

A look into longer period moving averages, rsi, momentum, and volume profile on the weekly chart. There's a gaping hole in the volume profile between 19.5k and 29k. Looks like historically, retests of the 200 week average have been the best times to buy so i'm hoping I get the chance around 24-25k if this plays out. However, based on the volume profile the real...

rlando Updated 

Bearish Descending Triangle looks like the pattern in play. Curious to see if ETH paints a similar trajectory as Bitcoin did after it peaked in the last bull run. One thing noticeable is that ETH's consolidation is happening over a shorter period of time.

rlando Updated 

Chart is pretty self explanatory. I'm more inclined to believe the top scenario. Descending triangle would signal bearish continuation, since the trend was bearish leading into it. Depending on how you draw the support line, ETH may be making a descending wedge. The descending wedge would be a reversal pattern in this case. What do you guys see?

rlando

Bearish ascending triangle w/ a fake breakout above, bearish rising wedge, or up only to 50k?

rlando Updated 

12 Hour not looking good with a big hidden bear. If given the opportunity, i'll be a buyer in the 1200-1450 range, as that's where the next relative spike in volume is within the POST COVID DUMP volume profile. Although the real heavy buying volume happened much lower than that, in the 300-500 range. I would imagine we'd get some support around the last bull...

rlando Updated 

Assuming the local top is in and ETH does not continue pumping, ETH appears to be showing a pattern of higher highs on the 14 period RSI and lower highs w.r.t. price action. The 12 period wave trend oscillator is also showing a similar divergence from price action, and is currently flashing a bearish cross, although where the current 4hr candle closes remains to...

rlando Updated 

It is my understanding that ascending triangles can be bullish or bearish continuation patterns depending on what the general trend leading up to them has been. Since mid June, the overall trend has been bearish. Therefore, even with the somewhat strong pump recently, I don't believe bitcoin is out of the woods. However, this pattern could easily be invalidated...

rlando

IF this is an extended bear market, where might the next point of control be? Since the beginning of Ethereum, the point of control (price level or range with the most volume: buy or sell) has made two distinct large jumps. The first just was about 1000% from the its previous POC level, and the second was about 1100% from its previous level. Would it be reasonable...

rlando Updated 

Both patterns laid out would typically be continuation patterns. For that reason i'm not buying anything at the moment. Thinking I should wait until sentiment is absolutely at rock bottom before buying becomes attractive again (that recent bounce seems to have made everyone a little too hopeful for a v shaped recovery). In my Elliot wave setup, $0.033 would be a...

rlando Updated 

Potential support bands laid out based on the high volume node groupings in the volume profile post march 2020 COVID-19 Dump. Bollinger Bands are very narrow as BTC is about conclude the triangle pattern it is in. It is my belief that the bearish trend will continue through the summer, with the next strong downward move to come in the next week or so. This is...

rlando Updated 

Simple idea, but could be a strong bullish reversal pattern if this plays out.

rlando Updated 

Rising wedge with decreasing volume, my potential buy targets if this plays out are ~$2100, ~$1900, ~$1800. Sub 2k ETH feels like a bargain atm. 2 potential playouts laid out with different colored arrows. This would be invalidated with a decisive break of the upper resistance line.

rlando Updated 

Bitcoin and ETH look bearish at the moment, so i'll be watching to see if the lower support line holds in the flag. If it holds i'll be buying. If it fails to hold, I think we see ICP retest $100. In which case i'll likely buy as well. Flag pole target is around $300 if this pattern plays out.