erikvod03

erikvod03

Bitcoin has over taken all buyers side stop orders and failed to break through resistance for the third time signaling a triple top signaling bullish exhaustion. What is left of Bitcoin is multiple sell orders and a lack buyers side liquidity. I would closely monitor Bitcoin for a short trade and enter if breaks below 23,500 and set a S/L at 24,000.

erikvod03

Bitcoin has been in the same trend since December 2021. It creates a triangle pattern then continues to the downside, I can see bitcoin going down to the 16k level in the coming days/weeks.

erikvod03

LOOKS has set up in a bump and run pattern after over a week of ecstatic gains. LOOKS price has more than doubled in a weeks time and that buying pressure is finally beginning to ease off giving the opportunity to enter short.

erikvod03

The nasdaq 100 index has been in a parallel channel since 2012 only breaking out during the market anomaly that happened during covid 19. The government printed an excessive amount of money in a short period of time during covid. In present day, we are seeing the repercussion through high inflation rates and bear market conditions. NDX looks to be heading back for...

erikvod03

Pattern: It appears to be in an ascending triangle which tends to be a bullish pattern. The higher lows indicate bears are failing to drive the price any lower giving the ascending triangle more backing. Ichimoku cloud: The clouds are indicate very choppy price action and shows no general direction of price currently. The conversion crossed below the base line...

erikvod03

Pattern: Following a sharp decline bitcoin has found itself forming a triangle like pattern creating a bearish pennant. MacD has steadily been decreasing over the past few candlestick indicating a declining bullish sentiment. Trade analysis: Personally, I'd wait to enter short on a break to the down side below 28,500, putting a tp at 27k, and a sl at 28,800.

erikvod03

BItcoin's sharp decline has put it in a massive bear flag which would most likely bring it to a previous support level of 28.5k in the longer term Trade analysis: Personally, I'd hold a short position down to 36k and see if price breaks current trend. For long positions I would wait for an indication of a massive turnaround in the market at either 36k levels or...

erikvod03

Head and Shoulders: Btc looks to be using the neckline as a hard resistance level, a break of that resistance level could mean massive upside potential. Trade analysis: If I were to enter a trade upon this pattern I'd enter on a close of a candlestick body above the neck line between 40,000 and 40,100. My stop loss would be set just below the neck line at 39,850....

erikvod03

Chart Pattern: Telcoin is showing an inverse head and shoulders pattern as indicated in the chart. Inverse head and shoulders is a reversal pattern that usually happens at the bottom of a downtrend as is with Telcoin. MACD: Showing a decrease in day to day bearish volume further confirming a reversal is yet to come. Personal Thoughts and opinions: With both an...

erikvod03 Updated 

Support level: Currently trading just above a strong support level. Ichimoku cloud: Vra is currently trading below a red cloud indicating only short positions should be taken. The conversion and base line is showing no sign of a swift change in momentum. The lagging span is still currently below the price indicating further bearish sentiment. Bearish...

erikvod03 Updated 

Bullish pennant on bitcoin indicating a further downward trend on the 1 hour timeframe. Bitcoin may revisit 38,000-42,000 dollar levels based on support and resistance levels not indicated in the chart.

erikvod03

Triangle: Bitcoin seems to be forming a triangle pattern which dictates it can go either direction up or down Macd: shows a regression toward the bullish side which could indicate a rebound in short term price breaking the triangle RSI: Currently trading below the midpoint which is showing mild oversold levels

erikvod03

Support levels/area: Bitcoin dipped into the highlighted support area rejecting upwards and is moving to retest at past levels. Ichimoku Cloud: Indication shows bullish sentiment on the hourly basis since bitcoin crossed above the cloud. Lagging span is currently above price which is further showing bullish sentiment. Conversion line (Blue) and Base line (Red)...

erikvod03

There is a potential bullish pennant breakout on bitcoin past 48,000 to a resistance level which lies around 50,000 KUCOIN:BTCUSDT