powdah

powdah Updated 

Ok, this is way out in advance but I am going to go out and just make a prediction of a forming Inverse H&S to come. We will obviously retrace lower from this rally at some point soon. We have the pressure of the long term trend line coming up the side (dotted red) and if this holds as a support, it will have a high probability of pushing BTC into an inverse head...

powdah

BNB broke out of upward channel (blue arrow), tested lower trend line and failed (red arrow). If it breaks below the support in the $11.5-11.7 area, I anticipate it will eventually move all the way down to the $7 area in a channel

powdah Updated 

If history repeats itself again, we will be at $9800-10k by the end of this year at the latest but the question is, what road will it take to get there. This is the question I tried to answer in my last few ideas posted here on TA. But for now, I leave you with a fractal idea with cups formed in the past with very similar structures as we are in today.

powdah

If you look at my most recent chart you will also see that I see one of two trends playing out in the coming days to weeks, we either bounce off the 0.5 or 0.618 of most recent bullish structure (20 and 50 EMA confluence as support?) or we retreat all the way to the lower trend line which will possibly be confluent with the major log bottom trend line from the beginning.

powdah Updated 

So an engulfing bearish candle on the daily = rejection by the EMA 100, currently. EMA 100 is a critical point for BTC as mentioned in my last post. SO we will very likely go down from here. Using many different techniques in log and normal mode, fractals looking back to 2013 with interactions of the 100 day EMA, and trendlines, I see one of two major ideas that...

powdah Updated 

BNB was trading for awhile in a bullish channel but in the past couple weeks broke out of the bottom trend line. I like to look at this coin because unlike 99% of the crypto alt coins, has volatility that lends itself well to swing trades, and it does not always follow what BTC does. Looking at the chart you will see that at least 5 major times in the past 3...

powdah

Hi all - just taking a step back on the daily log chart. Been working hard at building my TA knowledge and skills so as always please provide input as I feel that is the essence of this site. So here we go.... Seems like we are at a crossroads yet again for BTC. Again, on the log chart, we have broken out of the upper trend line on the weekly but will we...

powdah

VEN is at an interesting point both in TA and fundamental. My understanding with the x node holders is that they can temporarily move VEN around for a limited time ?maybe until August/Sept, without losing Node status. This may be the fundamental reason for the recent price dump.... whales potentially selling to buy at lower prices --- accumulate. This is pure...

powdah Updated 

Zooming out I see possible fractals of a large wedge at play

powdah

BNB has been trading in an upward channel for awhile and has obeyed the EMA 100 on the daily. "The trend is your friend" but may want to use stop losses just in case this is a big fat "B" of an ABC correction from the all-time-high.

powdah

Fractal idea where it bounces around mid-range before finding support on the bottom trend line. I'm starting to wonder if it is best to stand on side lines until we get confirmation at the support or above resistance of this wedge...

powdah

Possibility of a triangle based on trend line and fractals

powdah

I think there is a bullish fractal at play here and gave a rough sketch of possibility although acknowledge the 1.0 retrace being a point of interest and likely resistance if the fractal plays to the upside

powdah Updated 

I like the looks of this one. As always, lower risk trade if you wait for confirmation of a breakout

powdah

Bearish divergence on 1 HR MACD and RSI. 5 waves up. High RSI and an ascending wedge makes me suspect ending diagonal with a retrace to follow. 1 day EMA 100 likely to be additional resistance

powdah Updated 

Now, since I am so new to this I wanted to take some time to go back and look at history of BTC movement on the grand scale. What I found was interesting. It gives me better insight into what I previously thought of as the stock market on fast forward. In fact, when looking at the last BTC move in 2013, it took just over 3 years for the correction to bring it...

powdah

I've been convincing myself that a small correction is most inevitable especially when looking at the 4hr RSI... super overbought just yesterday. I think we are in a wave 4 of this current BTC movement. We are now back in the 8000s, barely, and I can also see potential triangle formation with 3,3,3,3,3 style ABCDE movement. This could all be irrelevant because...

powdah

Going out on a LIMB here but when I look at REQ, I see an important level around the $0.18 area. In the recent past it has served both as resistance and support. It is also where the most recent 4th wave ended. It is therefore an area that I will be watching closely as we progress through a possible correction. I think when we get there, the EMA 50 and 100...