LA_Designer

LA_Designer

23% correction lasted around 50 days. After a reset, Bitcoin is ready for another ride to the upside!

LA_Designer

The recent dip is still within healthy range. I think BTC is preparing for a large move up, unless the $60K support breaks.

LA_Designer

There is a short-term downward channel with strong support levels between 61K - 62K. If that fails, then 50K - 52K would be the next target to watch for entry points. Long-term I'm bullish.

LA_Designer

Short term I'm bearish on BTC. I think it needs a correction back to support before continuing higher. Long term I'm bullish, and the only way I will be bullish in the short-term is if this rising wedge breaks upward and holds.

LA_Designer Updated 

Quick update on the BTC weekly chart. Bullish scenario: Weekly closes above $25K. If support holds, expect a bounce up. Heavy resistance at $31K. Bearish scenario: Weekly closes below $25K. Next major support level around $22K.

LA_Designer Updated 

The weekly RSI is tightening up between support and resistance. Bullish divergence is still valid. If the RSI breaks above that red line, expect a move up. It could happen between now and mid-January. $25K - $26K would act as strong resistance. Invalidated if the lower trend line breaks.

LA_Designer Updated 

It's pretty clear that the shorts just got wiped out and blew past the 200-day MA. The first target at $21K has been reached. Next major zone would be around $22.5K. Congrats to all who accumulated between $16K - $18K.

LA_Designer

APE has been trading below this major trend line since May 2022. As we can see on the weekly chart, APE has finally broken through the trend line and has reached the first resistance zone between $5.00 - $5.25. Assuming the bullish momentum continues in the coming weeks, the next major target would be $6 - $6.25. Invalidated with a break below the trend line.

LA_Designer

On the weekly chart, ADA has been forming a wedge pattern since May 2022, which has finally broken out. If the bullish momentum continues, the next major resistance zone would be around $.40 - $.43. Invalidated if it falls below the trend line.

LA_Designer Updated 

This INVERTED 3-day chart shows a massive rising wedge with bearish divergence on the RSI. Looks like an amazing short (but really long) opportunity to me!

LA_Designer Updated 

This inverted weekly chart looks like a great short (but really long) opportunity. Multiple touch points on that bottom trend line is bound to break in the coming weeks.

LA_Designer Updated 

This is Jimmy Moonboy forecasting DXY's movement. My previous posts explained the bearish divergences and broken structures in more detail. Enjoy ;-)

LA_Designer Updated 

I hate to say this, but Solana looks like it's about to turn into dust soon. That new weekly candle that is forming now is telling me there is a big chance that Solana will fall into the single digit range in the near future. With all the crypto drama going on now with FTX, Solana is taking a huge hit at the moment.

LA_Designer

Assuming this inverse H&S pattern completes on the hourly chart, the target would be around $1,400 - $1,500. Invalid with a right shoulder breakdown.

LA_Designer Updated 

For the time being, I think the DXY is bound to go lower. The RSI support line since December 2020 has broken Bearish divergence on the weekly (from May to September 2022) Consecutive lower highs Parabolic trend is broken At this point, the only way I'd be bullish on the DXY is if it makes a new high above 114.77.

LA_Designer

Market makers liquidated many longs/shorts today. Perfect secondary bounce off the $17.5K support zone from June 18th.

LA_Designer Updated 

MATIC has held up quite well this year considering all that has happened in the markets. It's looking far more bullish than Bitcoin is, and it just broke out toward the upside of this channel. Polygon has established strong partnerships this year and I think it will do VERY well once the markets start looking more bullish. $1.27 would be a nice TP zone if taps...

LA_Designer Updated 

On the 4H chart, we can see that BTC has broken the downtrend line and might be heading to contest that $21K resistance zone. Invalidated with a close below $20K.