We're at a crucial spot on the daily. We've rejected numerous times from the 50% retracement of ~68k-~27k, a crucial level to confirm the double top. Some people think a 30k drop is a correction in bitcoin. In reality that is just a little noise compaired to the 90% 5th wave corrections we've seen in the past, you must view bitcoin logarithmically, and the real...
Setup: Reversion to the mean Trade rating: 3/5 Reward: risk: 2.63 Market conditions: Low liquidity0
Indicators are signaling a breakdown for some time, and now momentum is building, fate has been decided. 20K target was reached from my dec 2021 analysis. Every target hit this year. Next up is domino contagion now that everyone has realised the crypto sphere is built on lies. F The X We have reserves, against 9x liabilities, in order to profit and extract...
Bitcoin has just about hit the last transient zone, 25k area and has consolidated some 2 months. It didn't quite reach my first target, but it did consolidate in this zone hitting important price levels leaving new targets. the 10k-5k zone is an ideal area for the next wave to hit and consolidate in, and because we hadn't hit the 15-10k zone yet, bullish moves...
The diary gives us a little more insight into just how narrowing the wedge imposed by XTZ is. The price continues to trade near the base of the wedge, between $1,526 and $1,391. The RSI shows the predominance of buyers, so it is difficult for this wedge not to break up. We are currently at the median of the Keltner Channel, pushing towards the upper line of the...
Our new super simple KC Crypto Profit Targets +/- 2 script (OK we gotta work on the title) works like a charm. The circles show almost exact hits of the price at the 2 ATR (All Time Range) multiplier levels (upper and lower blue bands). Our script discards the +/- 1 and +/- 3 ATR multipliers for simplicity and conservative profit taking sake. Note that this is...
SPY seems to be showing bullish signals after the correction, Elliot correction wave is over and has finished in a keltner channel squeeze. (With volume dry up as well) Retrace down to .618 or lower is possible from here before impulse wave starts, heading to Fibonacci extension points.
Bitcoin has become a great long opportunity in recent weeks. On the weekly chart, there has been a keltner squeeze where the keltner channels are completely inside the Donchian channels, this squeeze is the first bullish sign in this accumulation zone. The Elliot correction wave has also concluded with a nice C point at the low of this accumulation zone with a...
Bitcoin is about to collapse in price, my feelings are either it will quickly dump to 10k or stop at 15k then consolidate between that and 25k. After that it may continue the bearish cycle or start a new bullish leg. If it were to continue the bearish cycle targets are 1-3k, however if bitcoin can consolidate above 10k and hold then the bull isn't over and 120k is...
The grey trend line seems to well describe last years trend. It is easier to see that on weekly time frame. We could say it works as a support level because every time the price bounces back to a higher level so we can expect this time to happen the same. At this moment the price is testing lower Keltner Channels band and trying to get above it. RSI is close to...
Keltner Channel is looking upward which is typically a good set up for long position. RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone. MACD seems to be losing strength but always above the signal line. Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the...
Now pay close attention, did you catch it? It's not that difficult to see. Look closer. We're right at the breaking point. On the edge, so is it time? Oh it's time! Previous Analysis: Daily 1 Hour 15 Minute So the 1 Hour is right near an inflection point, either it will breakout here and do some serious bearish action; or it'll reverse. The problem with...
As we can see in this graph, STT stock seems to be following a bearish pattern (orange lines). It just hit the and bounced on the bottom line, so we can take advantage of the movement with a long position. Starting from the bottom, in green we highlighted 3 signals: -STOCHASTIC: even if it still is in the oversold area, we can see that the signal line has just...
We are expecting the price to continue the uptrend and retrace to the 78.6% Fib Zone. The Stochastic Oscillator shows the stock is oversold, which indicates a probable pull back to the upside. Also, the price is currently at the lower part of the Keltner Channel, therefore we are expecting it to bounce back and create a higher high. Entry: 24 Invalidation:...
MACD shows a bullish confirmation. Traders can buy stocks when the price breaks above the downward sloping resistance line. Target price is defined by Fibonacci retracement 50% level. Position: LONG
We're expecting the price to bounce back. Right now, on daily timeframe we can see it is lower than Keltner Channel's bottom and that RSI just entered in the overbought zone and that means the price could start to rise again soon. If today's entry level won't be hit we will simply move entry price (pink) SL (red) and TP (green) to a lower level.
What we can see on the chart is a bull flag. We expect the price to breakout of the bull flag in the upcoming days. We recommend taking a long position when the price breaks out of the bull flag with the high volume. Targets like in the chart: take profit: 58.08 final target: 61.42 RSI confirms bullish momentum.
We recommend to take a long position The price is currently at the higher boundary of Keltner Channel . We´re expecting the price to retest the support on 4 h timeframe . The current market conditions are favouring bulls and we expect it to bounce towards the resistance. Entry and target are shown in the chart. No financial advice.