its game day and institutions want to win flushing retail out of the pocket is the play even with all the retail blood in the streets the chart is still on solid ground
what usually happens after one of these sharp red pointy things happens? short squeeze
sure it was a bad news day and a perfect excuse to fleece the herd epic short liquidation coming at some point
the strength of hands is being tested how strong is your hand? generally the IHS gets a test of the neckline is the news just an excuse to do just that? blood in the streets?
they tried and tried but it looks like this is the tap out for the bears at least for this inning .40 monthly support may be the point of final capitulation or just maybe they can eek out a piercing of the .40 level either way the bears are looking out of breath
expecting price to push higher into the green box consolidating under the descending line in blue support is .40 - .48 the move could take days, weeks, or months whatever frustrates the weak positions the most
There are times you need to update your hypothesis and think about different scenarios , this is one of them. As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting 76-77 rang at the top of an ascending wedge. This will also allow BTC...
sure its just four circles but is the imprint of machine trading and human emotion still responsible for future patterns? as always, time will tell not much time left if the pattern holds true
This is what I think is happening for BTC & Alts guys, altseason will have to wait
W pattern of rising lows and highs has the potential to break the neckline a break of the downtrend channel is also on the table as the upper limit gets tested for support
We can have an altparty in comming days,,, This will fail if Daily candle close above 67.61,,,,,
If we take a look at previous alt season, we saw the weekly RSI Peak and that was when BTC took a few steps back. Now fundamentals are different but it looks like we are repeating the same pattern, also at the same date.
A little hopium for the holidays at the end of a really bad year. I just noticed this from an earlier chart I published today (technically yesterday... I just haven't slept yet), re-publishing w/ an update. So, is altseason upon us? Like a wonderful gift just in time for the holidays? If this happens, heck yeah!!! We shall see, nevertheless, a very...
Hello friends. The goals I gave in the past have been fully realized today. I follow this money from Chinese sources. Binance exchange made a large purchase. You can see this in NBS's explorer browser. This means the whales are here. It is not a dream to reach the goal that I have stated with big news. Investing is my own opinion and not investment advice. I will...
RSR seems to be spiraling around this axis/channel hemmed in by the 200 DMA at this point looking to continue the up trend
five waves and a correction to the 200 DMA possible wave 3 on the way elliott wave technicians please chime in