trentrehnquist

trentrehnquist

The RSI and price action of 2012-2015 mirror the current cycle. If this continues to hold true, one more leg down is likely. There is nothing in the current market that is indicating a recovery: corporations are not hiring (they are laying off) and they are not announcing expansion projects, the quarterly GDP is shrinking not growing, etc. I look for opportunities...

trentrehnquist

ETH has been rejected at the 1W 50D MA and will likely test support at the 1W 100D MA below $2000. Compare this pattern to 2016 and you will see many similarities. Do you think the 1W 100D MA will hold and start a new bull run? Do you think the RSI forms a W correction and bullish divergence to spur a bull run? We shall see. Please share your thoughts. This...

trentrehnquist

TRX has formed a cup and handle pattern back from the April ATH. Look for a target around $0.20 if it breaks the 6 month resistance. Wait on it to confirm by breaking through the resistance before buying. Please do your own research.

trentrehnquist

USDT Dominance moving into the sweet spot 2.65 and less. In this area, BTC and cryptocurrency bull markets tend to thrive!

trentrehnquist

ACH has formed a 3 month bull flag. The pole on it initial listing in Aug and the flag has formed the past two months. Highs and lowers are getting lower. The bull flag has a target of about $0.28

trentrehnquist

ETHUSD has completed a 5-month Cup and Handle pattern. On May 12, September 3, October 15, 16, 17, 18, and 19 the resistance line held. On October 20, ETH broke through the resistance or C&H confirmation line. On October 21-22, ETH retested the resistance for support. ETH has bounced off the prior resistance to establish it as support and has confirmed its...

trentrehnquist

ETH completing a Cup and Handle pattern formed from May through October. There is also an inverted H&S pattern within the handle. The projected price is 6471. ETH is testing the breakout line. Look for a move up but watch closely.

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ACHUSD on the 4H is being squeezed hard. The last time this happened with about the same pattern in October the 8th and 9th, ACH shot up almost 20% in a matter of hours but couldn't break the 2 month downtrend resistance. Will ACH break the downtrend now and start a move up????? We will see but the squeeze is on!

trentrehnquist

Notice how the scaled 2013 run over our current run has predicted the exact weekly highs and lows the past two weeks. The lows can be found in the week before and the highs in that week......I am just throwing this out there as food for thought. It doesn't mean it will continue to do so but while it lasts, it gives insight into weekly highs and lows which is a...

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BTC on the daily has possibly formed a cup and handle. BTC made a perfect 33% retracement at the base of the handle. Wait for BTC to confirm breakout (green) or the pattern is no good. Target is $53,000 (blue). Bullish volume arc is also noted (yellow).

trentrehnquist

On the 4H, 2H, and 1H timeframes, a confirmed cup and handle breakout. Classic cup and handle with a 25% pullback. Target looks to be about $1.14. Please see if you agree and share thoughts.

trentrehnquist

BTC has tested the resistance at 57,555 two times to be rejected. BTC made a bearish move out of the rising wedge it has been in since the correction last night. BTC is looking awfully bearish with waning volume. The momentum with BTC has been waning for the past month. A larger correction is looking more likely before a return to a more bullish pattern...

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BTC has been in a descending channel and is now at the long term ascending trendline. BTC much close this next hour above the trendline and continue to gain momentum to stay above the ascending trendline or will test the support levels below at S1 at 59,501 and S2 at 57,516. The four times BTC has tested S1 when it was resistance, 2 times BTC broke through and 2...

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XLM is at a critical intersection of the downward channel and the long term ascending trendline. Does XLM move right out of the channel and stay above the ascending trendline to make another run at the resistance above and break to ATHs? Or does XLM continue in the downward channel and break down through the ascending trendline? If so, it could be a sizable...

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XLM broke out of the descending channel and will now go up or go through a period of consolidation. Watch the volume! XLM has been on a steady climb of $.10 increments with consolidation in recent weeks. I think XLM is due a breakout but will have to pick up momentum and volume. XLM has a lot going for it. Watch it closely. Like ADA and ALGO and other under...

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Descending channel approaching ascending trendline and XLM will have to make a decision. Either it will break up or down. Please watch closely.

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Bitcoin has been trading in a consolidation wedge (blue dashed lines) and is nearing a decision point. Please watch carefully.

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See green arrows and yellow on chart. DOGE is just getting started. It will be a great 7-10 days!