MinerChad

MinerChad

Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season. Projections indicate a retracement towards the 0.5 Fib Extension level, where the...

MinerChad

Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season. Projections indicate a retracement towards the 0.5 Fib Extension level, where the...

MinerChad

See descriptions on the Chart. This is a neutral analysis of simply where we have recently been and patterns that where formed, and where price may follow and how we get there over the next couple weeks as we look at the 4 hour timeframe. Looking for past pattern replays that resemble and match several key indicator characteristics, price action, and where...

MinerChad

FLUXUSD's block reward halving ETA date is 04 February 2023, 14:05 UTC We can see a clear break above the 13 month downtrend line on the daily chart. With FLUX halving now here, it appears the probability of FLUXUSD embarking on it's ascent to new highs and a new price discovery range is very likely. Provided it can challenge and surpass the upcoming resistance...

MinerChad Updated 

BTCUSD in a falling wedge channel pattern. Will it make one more attempt to burst up to $10K? or fall out of the channel and keep falling... a lot depends on stock markets also. Were on the verge of bad Q2 results, Virus issues arising again... what will happen next? we wait and see what happens, Limbo continues...

MinerChad

While looking back on the Daily, you can see that almost Exactly 3 Months ago this weekend, BTC was in the same exact position within it's approximately 2.5 month long uptrend channel (as we have now too) while the 50MA is in process of beginning to crossover above the 200MA. Plus, if you compare that February top of $10,522 with the recent high at $10079, BTC is...

MinerChad

On the 4 hr chart, BTC has printed a Bear Flag or (ascending bearish wedge ), and also about to run into the converging 50MA & 200MA. It is testing the bottom of our 2.5 month long, ascending recovery channel, the RSI is showing us Bearish Divergence since about April 30th. We could easily retest 8200 and step down to 7700 & 7300.

MinerChad Updated 

Friendly Reminder to All!! ...Well, if you were lucky enough to buy the TVIX before the historic March Market Plunge, and sold it near those highs it produced while most stock markets made their lows, you nailed 1900% gains!!! Also on the 'bargain' priced VXX & VIX = 450% gains!! Enough said. Watch these Volatility Indexes closely, maybe start accumulating...

MinerChad

LINK on the 4hr chart, has shown nice triangle formations leading to breakouts during its continuing uptrend. We also have the 50MA / 200MA crossover back on 4-9-20, the 50MA crossing to the upside as an upward 'guide line' for this strong uptrend. On the RSI, (currently at about 57.2 which is great to see, plenty of upside room) we also have a well defined...

MinerChad Updated 

Since The Big Red days of early March, Tezos has steadily recovered from the early established R-Zone that turned into a major Support Zone and now XTZ is in a solid uptrend for the last 4 days. Many coins are on a similar pattern as we know, all appears most Bullish to me now 5 weeks later of steady ascent. What do you see?

MinerChad Updated 

After the breakout of approximately 10% gains, the upward continuation of the previous bullish pennant has morphed into a Butterfly that has landed on our 4Hr chart. Possible trend reversal here with the probability much higher to the downside than a continuation upward, but price could also correct to support / resistance zones and continue upward from there...

MinerChad

XTZUSD -- Tesos / Dollar had a nice recovery and was looking like another bull run. I have been watching for the past week, tempted to go long until a couple days ago. Now like BTC and many other coins, we see a fully formed 'Bearish~Wedgie' with resistance at the 50MA on the Daily chart, it is about to break it's uptrend support.

MinerChad

BTCUSD has come to form nice Bearish Wedge on the Daily Chart. We must be very close to a direction decision as we are now being 'pushed up against the wall' of the 50MA & the huge downtrend line of resistance at the same time, both of which we have basically bumped our 'noggin' on 5 out of the 8 last days... Also in play, what could be considered the Left...

MinerChad

LINK/USD is poised for a breakout to the upside. Appears to be setting up nicely just on top of Major S/R Zone with decent volume past 3 days. Could easily ascend into the $4 -$5 range and beyond.