orbsatchel

orbsatchel Updated 

USCR looked down and out March 2020. Now with stimulus and infrastructure flooding the market USCR is on a tear. It seems so trade really orderly. No position but 2nd half of 2021 sell-off might give us a chance to get in between .618 fib and .786 again. Not sure where it goes now. *not trading advice

orbsatchel Updated 

Hello everyone! My hideous charts are BACK! I am starting with Brent Crude Oil. There is a ton of resistance around 71.5 and 73 dollars. LONG TERM RESISTANCE IS THE BLUE LINE AND YELLOW X AT 80 DOLLARS. Purple line and arrow is likely path for price action. Seeing as growth and inflation seem to be slowing in 3rd quarter 2021 that makes the price path more...

orbsatchel Updated 

i might be stating the obvious here but based on the pointy RSI top and the TWEEZER TOP candle formation BTC is either taking a breather for a few days after a spectacular run or the RSI trend will move BTC down for 7-14 days. OR the last option- sideways. If we bounce ABOVE the 20 and 50 moving average the BULL MARKET continues. If we fail below then- Look for...

orbsatchel Updated 

Hello all, First off this DAILY chart of BTCUSD is in LOG SCALE because of the massive move BTC has had. Secondly I am using a "wick from the top of the advance green bar" and then cutting the next wick to hit the bar of the January peak to get the most middle of the road possible DOWN TREND RESISTANCE LINE! This helps merge what many many people are looking...

orbsatchel Updated 

NEM is making all the right moves! Things to note: moving average cross in small purple circle presently coming. ABOVE THE 20/50 period moving average! RSI high on daily and can go higher according to past. Look at December on the left. The moving average cross and high RSI did well. This might pan out same now. What happened on March 10-12th? The 50...

orbsatchel

XRPBTC I am checking this out and getting mixed signals. If you hold this then no action needed if you are waiting I would wait some more. There might be another flush with BTC or alone. Honestly the resistance and support don't line up and this doesn't move in a way I can understand so I won't be buying any anytime soon. I don't do stories and news only...

orbsatchel

Hey! I am not in this but it is one of my favorites! Along with NANO that rocketed today so I am not buying that until pullback. BCPTBTC is in a bottoming process and history has proven that it can go down from here but when it gets moving it really likes to go. I AM NOT SAYING BUY HERE. I THINK BTC CAN GO DOWN AGAIN AND THAT IS WHEN I WOULD ENTER. FROM 4000...

orbsatchel Updated 

Well I just did this to post and I can't believe what I am seeing but it looks like we are due for a rally: THIS IS A BEAR MARKET COUNTER TREND RALLY SIGNAL> NOT A REVERSAL in my eyes. Dying sell volume and rising RSI on the daily here. I think we hit the wall at 7,700ish because down trend line and fib level. For 7,562ish would be resistance and bear flag...

orbsatchel Updated 

Hello all! I have been in and out of this since I learned about it and one thing I noticed is that XVGBTC really likes to run and then catch up with itself. SO- The bull flag as I have posted before is a CONTINUATION PATTERN. The bull flag is waving again here. The last time we had a meaningful pullback ( or last few) we punched all the way through a fib level (...

orbsatchel Updated 

Does anyone else see LTCUSD going to 84 or even 75?? Do not get me wrong! I am not a troll AND I don't trade LTC> Both my best friends do so my buddy asked me to look at it and well, it doesn't look good to me. For sure we should retest that 150 area that became 137 in a clear violation last week. From there the resistance turned support at 100 should hold...

orbsatchel Updated 

Wow! The technicals looked good on this so I went long a week ago or so. Now not sure what to do. All the red is prior support that is now resistance. The color break fibonacci lines are also major hurdles to get over. I am not at all sure where this is going but it is overcooked a little. Notice how far out of the bollinger band it is and also look at rsi...

orbsatchel Updated 

XVG is kicking @ss these days. We just broke above 540 which ws the top of the last day or so going from 495-540 in a channel. As you can see we closed on the hourly out of the channel which is the first step. The 4hr will indicate more. This is a great way to watch resistance become support and this will help you see where to draw your lines later on. Anyways...

orbsatchel Updated 

It is easy to pick something that is already a winner and post on it BUT_ REQ broke the downtrend line on the daily ( shown). Notice how the whole down swing it did not break above the mid bollinger band line. Now it has. It looks like we are forming a cup base from the .5 fib line area from Feb 6-12 ( blue to green color line.) Volume is confirming. I...

orbsatchel Updated 

THE bollinger pinch has been a valuable tool for me to learn. Volume of selling is going down, and the RSI trend is up, and Bollinger pinch all marked in yellow. Add it all together and I am going WAY out on a limb and saying we are going to bounce up here! The sell off would not be over. This would be a bounce off the long term trend line.

orbsatchel Updated 

IF WE DO NOT RALLY FROM HERE PANIC MIGHT BE IN THE AIR. AS I LAY OUT HERE WE COULD BE FORMING A HEAD AND SHOULDERS. I CLEARLY LISTED THE LAST HEAD AND SHOULDERS IN AN EARLIER POST WITH TARGETS FOR BTC. I THOUGHT WE WOULD GET THE BOUNCE AROUND 7700. IT HAPPENED AROUND 7300 AND THERE WAS NOT ENOUGH VOLUME IN THE BOTTOM OR A V SHAPE TO THE CHANGE IN DIRECTION SO I...

orbsatchel Updated 

People have been burned bu the bull case for XLM and also people ahev made a ton of loot off XLM! What has changed? For me the trend reversed with the bottom a few weeks ago AND as you can see from the support line from lower left side to just above the fib break we are at the LONG TERM TRENDLINE. THE 4 hour candle closed ABOVE resistance and I circled the...

orbsatchel Updated 

Here is why the 4,400 case can be made for BTC. The Fibonacci level at BLUE and the LONG TERM TREND LINE are way way down there... I put the little red lines a stopping points along the way. We should bounce at one of these and not 4,400 I am bullish long term and a buyer at lower levels!!!! ALL THIS SAID I DO NOT THINK WE ARE GOING ALL THE WAY...

orbsatchel Updated 

Big Cheds Trading has influenced me recently and if you don't follow him on twitter and youtube then now is the time. He said that the Bollinger Pinch ( happening now on DGD) usually results in a pop one way or the other. He also heavily used Bollinger Bands so I am toying with it. You can clearly see the last two prior pinches resulted in moves up. We have been...