someshrenen

someshrenen

Monitoring Gold over a monthly timeframe We can look to the charts to form an opinion on whether gold has a fractile nature or not. The first blue parallel channel lasted 3 years and the price of gold went up around 176% going from $706 to $1911. I've noticed how gold beautifully forms an almost perfect representation of previous price action. If it does...

someshrenen

- We can see as follows that the IXIC has been following a comprehensive Elliot Wave movement respecting the weekly high and low Fibonacci levels - We could see a move down towards $14 723 at the end of Q1 leading into Q2 - evidence to support this is the RSI movement > Trading around overbought levels > We can also spot an RSI bearish divergence on the daily,...

someshrenen

- We can see a mini fractile forming on Gold - The fractile start on the 28th of FEB - This looks like it could push gold above the 2046 Resistance > Key levels to watch Bull Case - 2046 - 2050 - 2065.5 Bearish Case - 2042 - 2036 - 2024

someshrenen

Bitcoin like most other high risk assets are seeing a decrease in demand because of the state of the economy, therefore nobody can accurately predicts its rash movements. All we can do is look at the hand we've been dealt and play accordingly, so lets look at the cards in our hand. Our biggest obstacle is the downwards sloping resistance coming in all the way...

someshrenen

Historical Facts - The resistance holds us down for a period no less than 60 weeks/bars - Pattern only breaks once we test the resistance and fail, followed by a test of support then lastly followed by break, - This is the most likely route for bitcoin under neutral/good conditions, we can get all the technical factors in a row but the geopolitical events are out...

someshrenen Updated 

no words although.... A. Anything can happen, historically we have never failed a breakout of this pattern since 2018 + bullish divergence on the daily RSI. B. History does not repeat itself but boy is it always is it always similair. For example this could be that one time it breaks back down then shoots back up and inversely it could be the first time it...

someshrenen

notice how the time horizon for the head and shoulders formation lines up exactly with the decending resistance , we should expect a decision by either bulls or bears by 23rd-28th jan. I will only trade once the charts give me the information needed and play of a valid move, in my opinion this information will only be presented by 23rd-28th jan . good luck to all

someshrenen Updated 

we all see different things on the charts and its good to see the perspective of others aswell, I would like to share mine as I get a good shot of dopamine when I get likes but mostly to be part of the community. A. We have broken the resistance line holding us down since 06 Dec which isint the biggest hurdle. B. We have a perfect w formation on the 4hrly chart...

someshrenen Updated 

A. We've broken the RSI downtrend since we were at $69 000 B. We are still in a daily downtrend so there is always the possibility of a pullback as we are still creating lower highs and lower lows, if we manage to close a 4hr candle above the $49 300 mark which was the previous high that would be extremely bullish. Then we can expect a christmas pump towards $53...

someshrenen

A. We have a downward sloping resistance from 69k which has kept us down. B. we held the 2020 support on the weekly time frame. C. These two are now converging and by friday/saturday we will see wether we break the downward sloping resistance or will we break support. we need to hold the $50 400 mark by friday. If we are even @ $49 000 by friday, that could lead...

someshrenen

A. We broke the trendline plenty times in the past week, even with 1 daily close below we have managed to see a pump back into support, fridays pump is most likely because of this as it broke exactly back into support. B. that daily close is not important because we still have not closed a week below this trendline since 2020 C. Only fear a weekly close below

someshrenen Updated 

A. we are testing the key support areas after the $42 000 dump, if we close a 4hr candle below this level it would break the support and possible further downside. B Bitcoin recently following stock market movements so if that has a bad day this week crypto will most likely suffer along with it but at an excelerated pace . C. This $49 241 support level is very...

someshrenen Updated 

This is just my opinions guys buttttt..... Bad/neautral news A. If were not above $59 456 by 18th december that could lead to further downside, highly unlikely though. B. A big timeframe close below $54 500 will most likely break this trend and most likely render this chart useless but we would need huge volume and probably negative fundemental news to make that...

someshrenen

BTC has a tendancy of suprising everyone how do we profit of that ? this is just to give you guys an idea of possible key levels to watch and the reaction that could happen if these levels are broken. I believe we will go up from here but have prepared for both a bearish and bullish scenario. bullish' A. We have broken over a key level around $49 700 which could...

someshrenen

Short term bearishness long term bullishness Nothing goes up in a straight line although I wish it did, there's some different scenarios id like to share and hopefully stop someone making a trade on based on emotions A. Long term uptrend usually experience a decending channel as a breathe of fresh air B. We have support ( yellow line ) since may 2020 and not...