trentrehnquist

trentrehnquist

ADA is in an ascending channel with good volume and looks strong to continue its upward movement. Keep a close eye on the volume and watch for movement down out of the channel. Trade carefully

trentrehnquist

ALGO in a short term descending channel (purple lines). ALGO is also in a 2-day ascending wedge (blue lines) and thus far the ascending wedge is holding. Watch ALGO closely. If it stays in the descending wedge, it should break up and out of the descending channel. If ALGO descends out of the ascending triangle, watch it closely in the channel for a break up or...

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DOGE broke up out of the descending wedge to continue its recent bullish trend. Keep and eye on the volume as it is still good but waning

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OMG has been in a descending wedge and is nearing decision time. Watch closely for a move up or down. Waning volume as it consolidates....watch volume closely as it makes its move. Trade carefully.

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XTZ in a decending wedge and time to make a decision. Watch for movement up or down out of the wedge! Trade Carefully

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1 HR Timeframe: See earlier updates for prior analyses

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As the momentum slows (the leaps forward are smaller and less amplified) in the ascending trendline (WHITE LINE), the supply is becoming more limited and institutions are accumulating. See post yesterday for the entire chart from December to current. I think we will continue along this trendline and test the ATH again. If we can break through, it could be like...

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BTC is holding the ascending trendline (WHITE LINE) formed from the bull run since December thus far. In the next 12 hours, BTC will make its final decision as we will move up to challenge ATH or move down and look for more support! As discussed yesterday, the momentum in this bull run is waning, it will take some volume to push us through the resistance at...

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Looking at the daily, BTCUSD is about to approach an important ascending trendline (WHITE LINE) and it will be decision time. Looking at the last 3 times BTC has approached the ascending trendline (YELLOW LINE) since January 2021, the trend has been to move up. Looking at the VPVR (GREEN HIGHLIGHTS) in relationship to these movements, it brings out an...

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Please see yellow shaded areas. BTC is following the same pattern as left shoulder in completing the right shoulder just in reverse. BTC is holding true to form as each of the final candlesticks in completing the right shoulder have been the exact opposite of the left shoulder and should as they should be mirror images. One or two more candlesticks to...

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BTCUSD appears close to the bottom of the final dip of the right shoulder. Good buy time for movement back up to test 59,500 resistance and ATH. Please do your own research and analysis and trade carefully.

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4H BTCUSD appears to be completing an inverted head and shoulders. I expect a rebound once this pattern is completed. Bitcoin has had good support at the 57,000 level all week and is ready to bounce. When you look back at the inverted head and shoulder patterns BTC has completed the past two weeks it is followed by a bounce. Please do your own research and...

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BTC should continue its climb as it has formed a new ascending triangle (not wedge)!!!