zmaniac17

zmaniac17

Looking for LINKUSD to hold the weekly and flip the levels we lost. Then we could have a breakout since longs were taken out. Enter after the flip because it hasn't done anything bullish yet and the markets are still in a tailspin.

zmaniac17

The chart is self explanatory I think. The markets are pulling back but sitting at support so there's an opportunity for a reversal.

zmaniac17

It could happen!

zmaniac17

I'm looking for one last move up since trend on the 4hour is unbroken. It is possible to keep going down from here, but I think it'll be easier for a move toward 50k that gets sold off hard to allow for a big pullback.

zmaniac17 Updated 

I feel like any move down at this point is a buy the dip opportunity after convincingly breaking 14000. I think it's likely there will be another move up this weekend. 16200 looks like a good spot for profit taking. The level above it is also interesting, but I'll consider that more when we get closer.

zmaniac17

This is a trick I use to reduce the number of things I have to look at on the chart and to visualize trend. You ignore the most recent trend and look at the prior trend to see the major swing points which will be relevant when the trend moves down. If you know what to look for, you can find these points reflected in the recent trend too, but it's much simpler to...

zmaniac17

Looking good to get back into XLM. Could just see a move back to previous VWAP or maybe more.

zmaniac17

This is sort of what I'm looking for to remain bullish. I can't really be bullish about any kind of pull back at this point. If we're going it should probably be now. I'm long at the moment. I expect this weekend to be interesting for Bitcoin.

zmaniac17 Updated 

A note of caution before I explain my thinking. Looking for a breakout here is pretty speculative. I won't say it's high probability. But the price action does look pretty good so I'm gonna post this. I'm keeping a long open, but I'm not betting the house on it. Holding 9300 or just continuing up from here probably leads to a break toward 11K. So far we've held...

zmaniac17

So it's an alt coin, so this could take forever to play out, but looks worth it if it does.

zmaniac17 Updated 

ETHBTC levels. 0.0229 is already tested. Could be interesting. We didn't make a new low on it as I had expected. So I'm fairly bullish on this in the short term.

zmaniac17 Updated 

Here we are. If we dump here it looks pretty bleak. I don't expect the recent lows to hold if it does start losing support here after rejecting 9300. We failed to make a new high after falling below the previous move to the high. On the other hand if this is gained it's a pretty positive sign for longs because that means there's real demand here. I'm not getting...

zmaniac17 Updated 

It's a good idea to look at the downside even though it looks like BTC wants to go past 10K this week. But if we should fail here's my target. 8900.

zmaniac17 Updated 

I like this daily close, we tested bottom of the range on the 4 hour and haven't broken below the last impulse up. Still riding along the top of VWAP. So no reason to be bearish yet imo. There was some crazy shakeouts earlier today on high volume but no break down yet. Just keep your stops ready though. Nothing is for sure.

zmaniac17

I just wanted to reiterate the importance of gaining 9200 for uptrend continuation. Price action right now makes me hopeful that we'll get another crack at it, but logic says we're going to get trend continuation down off that rejection despite the buy up we've seen at the bottom of this range.

zmaniac17 Updated 

Assuming we don't continue the trend down this is what I'm looking at as the next major level. Rejection of this would mean a lower high on large time frame and likely result in an end of the major trend. We've already broken structure (lost the move that took us to the high) on this dump, so a lower high would signify major trend reversal. This is another good...

zmaniac17 Updated 

We tapped the daily candle that made the high in the last up trend. So I'm thinking we may try reverse here. I'm looking for a lower high on the daily to form. The 8200 corresponds with the main level that we broke through easily on the way up here. 8200 was the level we rejected before the plunge to 3800. It is also lined up with the yearly volume weighted...

zmaniac17 Updated 

If we can hold this level I think we can make a new high eventually. There's hidden bullish divergence. And we are under daily VWAP. Also there are probably a lot of shorts that were taken over the past 24 hours that are going to close / get stopped if price moves up. The market has to go down to go up. This is a good R/R for longs. Shorts are just hoping for a...