so as you can see we have a broken trend here to the downside and the short-term trend is also toward down but since the trend is not strong or lets just say impulse is not that strong meaning we have a chance to enter at the shown box and wait for momentum to shift as enter for short because the overall short-term trend is downward and it is pretty obvious ! good...
BTC made an incredible bounce from the double bottom back to the 19000 level. I think that its out of juice for now and will retest the bottom support line. If you have the will, you can always short this and set up a tight stop loss and try to ride it down.
Good luck trading, currently took profits from my double bottom and this is my next move!...
Wow, nice earnings report PTON. Not. Bad. At. All.
Here's why it's a perfect storm for a short setup tomorrow, assuming it gaps up above 94:
- Gap up above a huge shooting star daily candle ---> gap will close due to massive overhead resistance
- It's Friday and the market is looking like it wants to dump in a serious way
- 100 dollar/share psychological target...
Some basic fundamentals / events = 1) Zcash's laggard brother 2) September halving
4hrly accumulation range. 4th attempt in breaking out of a significant resistance. 3rd attempt had a huge buy volume spike. Bullish.
1 day accumulation range.
3 day range....
I see a similar bottoming/accumulation structure as the big dump since genesis and huge mark up phase after.
Only difference is a longer time frame needed to leave this current huge range.
I esp like the volume spikes early this year. Usually very early signs of bullishness.
TRX forming a downwards pointing wedge near a decision zone.
Recently resistance turned support. Leaning bullish on this.
TRXUSDT also at a crucial zone here. Also leaning bullish.
MR JUNSTIN SUN, DO SOMETHING!!!
Not much descriptions needed. Strong FA. Similar bottoming phase/accumulation as the previous time. Current time frame is longer than the previous.
*There is a drop in price before the rise in the previous phase*. If price clears and holds above 1134, you know it's the start to something huge.