On the Daily time frame, things aren't looking too hot...
But when we come down to the lower time frames, it is
clear that there are a bunch of Bullish Signals ( some highlighted
on the chart and some can be seen in the VWAP and Money Flow
inside of MarketCipher_B as well as Price Action Candle Chart Patterns).
If Market Cipher confirms this 4th yellow X history tells us that we will see some bullish momentum following shortly. We will see what happens in the coming weeks. It will be fun to watch this unfold. Of course macro conditions can always change outcomes, so take this with a grain of salt.
If you're unfamiliar with SLP it's the earned token in the Ethereum...
Eth looks to be gaining momentum back towards the recent ALL TIME HIGH around the 4k range.
Market Cipher B shows a nice tapper upwards on the BLUE trigger waves, along with a GREEN buy dot
RSI is below 20% range on daily time frame
VET has broken through Key Fib Levels as well as multiple Resistance Areas. High Abnormal Bullish Volume and the 50 Day Moving Average has Crossed over the 200 Day Moving Average.
Golden Cross Confirmed.
Might see a retest in Price Action down at previous Support Area and hopefully bounce right off and Range Higher.
As you can see, the 5 Day EMA has crossed above the other EMA's on the 15-hour chart. T.H is showing that the Mid to Long-Term Trend has flipped bullish. TrendHacker_B also provides additional data to the strength and conviction in TrendHacker_A.
I will be keeping an eye on the 1 Day Bitcoin Charts to see if we get a Long Term confirmation that Price Action will...
Prime Buy In being signal by Marketcipher and TrendHacker. EXTREMLY Under Bought! Adding more bags to my portfolio.
(This is not Financial Advice, Nor am I suggesting a Buy/Sell position. It is always best to do your own research first)
After years of vigorous Coding and Testing, I truly believed that TrendHacker was at its best. Showing the exact Trend Reversal at a key level of Support has just confirmed another LONG for me... and most importantly, that my hard work has paid off.
My first publication, 1.5 year exp. (7000+ hours of staring at charts) trading, interested in your thoughts.... =)
- Broke Neck line of head and shoulders
- Back test of Phase C complete
- Broke the 200 EMA to the upside
- MACD cross to the upside
- RSI above the 50
- Market Cipher says Go Long!
To The Moon? :D
TA as per text.
Remember this is a short term trend profit taking. Don't go all in for long term profit taking as BTC dominance may be higher this week.
That being said, watch out 15th May 2021, before the Sunday dumps.
At today's daily close we got new 3D, 7D/1W, 2W, 3W, 6W and 9W candles, so now's a great time to have a fresh look at the charts...
...and it all looks bullish long term for Bitcoin!
Leave your comments below if you agree, disagree or have questions.
little volume in the levels above $2834
Change in tendency in the Stoch, marking selling signal
(not here) red marks in the 4hrs and 3 hrs timeframe in Market Cipher B
9 continuous green candles, bulls run out of gas
a little change in momentum, ETH will rest for a couple of days and accumulate volume in this levels
21 EMA is awake now since it has been dead for 2 weeks.
Money flow keep coming out, making selling power stronger than buying power. However, price action is still increasing. Looks like big whales are slowly selling their shares at a rate that small fishes barely matching up to it.
Surprisingly, momentum wave is still not crossing down.
Momentum wave keeps...