dependable412

dependable412

This sure does look good to me! It doesn't get much better than a giant w on the one week time frame....

dependable412

It seems as though matic is testing a new range as investors seem to be neutral on the coin. MATIC is currently $0.1300000 (20.40%) above its 100-day moving average price of $0.610000000 with its current price of $0.740000000. Meanwhile, Polygon is $0.2400000 (-2074.50%) above its 52-week low price of $0.490000000 and -$0.82000000 (-593.98%) below its 52-week high...

dependable412

As we can see on the one month, we are staring at a double top.. until the price breaks HKEX:29 ,184, we ultimately are looking to head lower! However if the resistance line shown in red is broken..... The sky is the limit! Watch out for pump and dumps. A 1day candle has to close above that mark to avoid sliding further downward 👇 This is not financial advice...

dependable412

I believe we retrace approx $600 from the 20,600 marker to 20000 before any further gains.

dependable412

Observe is what I see as a diamond structure which is a bearish divergence in this occasion. Should see significant retracement. This is not financial advice.

dependable412

As the market shows continued caution staring into the face of a bear flag on the one-day time frame. Please exercise caution as the bottom is anyone's guess! Not trading advice... Please DYOR!

dependable412

As we can see on the chart we are in an ascending channel it looks as though for today a clear break of the channel is somewhere between $18,150 and $18,200. A close above this channel would warrant further gains. However a close below this channel would certainly put us back at $16,000 at least. Of course if that line is broken.... The floor is the limit! ...

dependable412

Should have a nice pump coming our way. As you can see we've got a bull flag on the 4-Hour time frame. As most of you know, the 1 and 4 hour time frames are very important for upcoming trends. This is not financial advice merely my interpretation of the charts. I am not always correct. Please do your own research!

dependable412

It appears as if we cannot get a close below or above the pennant. 30 days of torment, it seems as though it has to make a decision sooner than later... I still believe we have to go lower. Look at the stoic RSI. When it goes down so do the prices... It may bounce off the bottom of the pennant and burst right through the top? This is not financial advice, simply...

dependable412

We're still dealing with the bear flag with a break to the lower end of the triangle. Yes we have break of structure right now, but we've also contended with this before on this downward trajectory only to be let down further. Stochastic RSI is showing that we could be in for a drop soon! Still don't believe we've had our bottom. 13,600 at least... I am not a...

dependable412

Upside down cup and handle on the 4-Hour time frame presents a bearish divergence. We're headed downward 👇. My guess is 13,600. Please do your own research before entering any trade.

dependable412

On the 4H time frame we have a bearish upside down Cup and Handle! Things could be headed to that 13,600. Be careful always do your own research before entering any trade. Please like if you like😁

dependable412

Bitcoin needs to go lower. Seems like the perfect setup. Clearly a Bear flag is formed. How far down will we go? My assumption is a $3,000 drop to the 13,600 area, based on the length of the pole. I believe DCA is the best approach here starting around 15,000. This is not financial advice! Please do your own research before entering any trade

dependable412

With Bitcoin destined to lower lows, it seems as though a Bear flag may be in the making. Keep your heads up something tells me this thing may be over sooner than later! If you look on a platform like Binance, the charts show the flag a little more clearly. I do not give out financial advice only the simple ideas that pop into my head, and what I can see on the...

dependable412

As we can see the one day chart has shown a head and shoulders inverted formation that is only going to lead downward.... Ichimoko cloud is showing heavy selling pressure all around. This is not financial advice, these are ideas, please do your own research before entering any trade.

dependable412 Updated 

We have what seems to be another bear flag in the making... Indicated by blue flags on chart. That drop should give us an idea about how far bitty will drop, this time, before leveling out or executing a full reversal. I estimate we will see the lower $16,000, specifically 16,300. This is just my estimation and thinking based on prior chart analysis. As always,...

dependable412

Upside down cup and handle on the one day. Indicates that a bearish trend should continue. Please do your own research this is not financial advice!

dependable412

What we have here is a double top M formation. This indicates a bearish reversal! If you think about it and upside down m is a w and that indicates a bullish 📈. Definitely waiting for the bottom before putting any real money into this mess! My best guess is anywhere from at least 16,500 to 8,250 before we see any relief 😮‍💨. Not trading advice! always do your own...