tl93

tl93

RYCEY seems to have complete a 5-count EW cycle and is due for a correction. This correction would create the handle of the C&H pattern, fulfillment of the pattern would launch RYCEY into another 5-count EW cycle potentially returning it to pre-COVID share prices.

tl93

Potential pattern that could play out based on current price action. Another pump to test local resistance will confirm an ascending triangle that can lead to a breakout that tests the 0.00005 level.

tl93 Updated 

BTCUSD appears to be nearing the top of Wave 3 of the 5-count Elliot impulse wave that started in October of this past year. I believe 30k will serve as the top of this wave, with a corrective 4th wave dropping the pairing to the 24-25k support area. The 5th and final wave could take the pairing to a huge high nearing 50k, and with the rate these impulse waves...

tl93 Updated 

XRPUSD has found itself victim to 2020, though it may stumbled into a technical upside. Price action is forming a falling wedge but a bullish breakout could be stifled by the strong downtrend line started since the announcement of the SEC lawsuit. If the breakout can punch through this, longs should be opened with a target price of the established resistance at...

tl93 Updated 

Not confirmed yet, but be aware of drops below 22k, as this will indicate a revisit of the 20k support line.

tl93 Updated 

Dead cat bounce incoming after 1h reversal hammer formed. target @ .44

tl93 Updated 

If BTC can tap 24k again it will pretty much invalidate that looming H&S that is on the higher timescales.

tl93 Updated 

Notes in chart, keep an eye on where the current weekly candle closes. Volume has been increasing recently, and RSI is coiling up. Safe buy is $65 with healthy profit taking at key resistance levels. Failure to breakout will involve a retest of local support.

tl93

Let's see how this plays out. There looks to be a bullish descending triangle consolidation pattern following impulse wave. More to come, hang on and don't forget to set your shorts. Target #1 = ~25,000 Target #2 = ~26,750 Stop @ 22,250

tl93

Notes in chart

tl93

See chart for analysis.

tl93

Low volume price pumping is causing price to move opposite of RSI and volume, creating a bearish divergence. This, combined with the rising wedge pattern, will likely result in a retest of the support at $50.

tl93 Updated 

The chart every trader winces at, and you can see why. It's *horrifying*. Looking at the chart we can see that a clear 5-count impulse Elliot wave has played out, and we now appear to be in the first leg of corrective wave. Money flow indicator (CMF) is signaling sell, RSI is crashing after bearish divergence from the run up to $100, Stoch RSI is nosediving. There...

tl93 Updated 

Bull flag in the form of an ascending triangle. Entry point is placed just above current resistance at ~$82.50. Looks like bulls want retest the $100 mark, so profit targets are set at key resistance levels as they correspond to the Fibonacci retracement (78.6% and 100% respectively) from the most recent all-time high (GDAX: $98.28). The $77 price point correlates...

tl93

See chart above for TA, below are a few comments: LTCUSD pairing could take Path 1, supporting indicators include: - Daily hammer formed 29JUL - Stoch RSI is indicates that the pairing is oversold LTCUSD pairing could take Path 2, supporting indicators include: - MACD is deeply bearish - Bearish divergence on volume since 16JUN upswing -...

tl93 Updated 

See chart for TA and FA. Support: $1880 Resistance: $2440

tl93

Short term short opportunity has presented itself in the form of a SHS pattern, which formed as a result of the recent upswing in price and volatility. Neckline to peak measurement suggests we could retest $42.29 (.236 fib level). However, I believe that support at the $44 level will hold, and serve as a base to continue the climb upward. Based on LTC's past...

tl93

I am trying to identify support and resistance levels using a combination of various Fibonacci tools. I will provide a more thorough TA tomorrow. Until then, happy trading. Target: $31.00 Stop: $28.50