Low probability but good RR
StochRSI over extended, EMAs show still a clear downtrend
BUT : NEWS is against us :)
SELL : 560
BUY : 420
STOP : 595 and above
NOT TRADING ADVICE - MANAGE YOUR RISKS - TRADE SAFELY
IOTUSD recently mooned. Nothing convincing here tho.
Few hints :
- RSI really overbought, but meh this is crypto...
- STOCHRSI over extend
- 0.629 level unbroken yet
- No fundamentals to back the moonshot, this "bottom" bounce might be a trap.
Invalidant factors :
- Solid break of 0.63USD then 0.67USD
- Volume increase + breakout of downtrend...
VEN was anticipated to be one of the biggest coins this month, but quite the opposite happened. Along with some FUD, fro ma TA aspect this double top could put it into the ground. I find this highly unlikely with this coin though. Do not try and catch a falling knife, WAIT for reversal confirmation, especially with the possibility of a BTC pull back coming. When...
This chart is just for fun. Unless you are a Bull of course.
I have applied the stages of a bubble from here: transportgeography.org - This is a worst case scenario for BTC.
I used fibs from the bottom at $162 to the top of the bull run at $19,900 to work out rough prices for the stages.
I finished psychology 101 at university and I am submitting this chart for my thesis on both realized and crushed moon dreams. The meme lines are a combination of elliot wave and the wyckoff trading method after hours spent staring at this chart perfecting the lines in a dimly lit room accompanied only by the momentary buzzing of my phone as it notifies me of a...