rouzwelt

rouzwelt Updated 

Hello everyone, rouzwelt here well If have been my following posts lately, you know that I've been talking a lot about a potential local uprise and a break-out above the down-trend line (blue down-sloping line) and I've been pointing out the possible projection of this scenario happening, as you can see in the screenshot of my last post about BTC (picture below -...

rouzwelt Updated 

Hello everyone, rouzwelt here If you have watched my last video analysis on BTC chart (link of the video at bottom of this page), you know that I've been pointing out the price reaction to the main down trend line (yellow down-sloping line), I have said that price have clearly rejected many times from this line and every time that was a quick rejection, I mean...

rouzwelt

Hello everyone, rouzwelt here Well if you have been around crypto market for a while you've definitely heard about matic, one of layer 2 solutions for ETH network which actually is the best one at this moment and looks very promising with the value it adds to ETH network. And you've probably seen its price action and massive rally up from almost 1 cent to almost...

08:31

rouzwelt

Here is my analyze of BTC price action, from wyckoff to chart pattern and trend analyze. Hope it is helpfull Have Fun and trade safe.

rouzwelt

Hello everyone, rouzwelt here Well it should be clear enough for everyone seeing the chart that ETH is now sitting at the critical support level, that's an important level for ETH to hold. after the double top that we saw few days ago in the chart which ETH has been rejected from and fallen to its critical support level. If somehow ETH manages to hold on to this...

rouzwelt

Hello everyone, rouzwelt here Well I have demonstrated Wyckoff Backup Action Events in my last idea as you can see in the screenshot below (full article link at botttom of page), and as of right now we have seen clear rejection from our resistant line at 32300 (PS) , and price action is showing that it's weak and can dump more. and the projection I have shown in...

rouzwelt

Hello everyone, rouzwelt here As I demonstrated in my last idea which you can see its screenshot below (Full Article Link Bellow) that we need more info and more candles to get printed so we can begin to say wether BTC is in accumulation or redistribution phase. And right now after BTC failed to break Last Point Of Supply and rejected, we are seeing a lower low...

rouzwelt

Hello everyone, rouzwelt here I'd like start by saying things in crypto market have not been going good lately in last couple of months as we all know and after the massive sell off that happened in quite short time (a week), many got wrecked and market hit was painful. After that we entered the 30/40k area, the area which at begging everyone was speculating...

rouzwelt

Hello everyone As I have demonstrated in the chart we have a inverse H&S formed in 1H timeframe and ETH have since broke the neck line and retested it and right now it seems like its going to bounce from it. There are local minor resistant levels up ahead (yellow horizontal lines) that ETH can at least rise to them and test them and if it can hold above the last...

rouzwelt Updated 

Here is a H&S pattern forming, if it does, it may rise to next local resistant level at 35/36.5k. Second scenario is that BTC continue to squeeze around local trend line (yellow line) and then break above it to the same local resistant mentioned above. Always use stop loss and proceed with caution and practice risk management.

rouzwelt

I have been looking closely at the price action since we have fallen down to 30/40k area, as I have demonstrated in the chart as you can see the wyckoff phases, right now as we have bounced from the lower 30/29k area with a wick it may be an early sign of spring, and as we know it if its a spring we should see a macro higher high, that means btc must break 42k...