Bitcoin has surged over 1700% since March 13, 2020 -- without a major retrace. Might a 50% retrace be nice, normal, needed or required before advancing further? I say yes to all four. And it is well underway.
Just dipping my toes back into the charting waters, this time I'm in for the long haul and setting up to stream! Was just perusing the crypto screener here on TV and saw BATUSD @ the top of the strong buy ranking. Figured I'd check the chart and see if I wanted to dip back in... think I'll be putting in some limit orders and waiting for some sheeple to cash out...
Hi all. I am new & trying to self teach on analysis, etc., so any help/advice would be much appreciated! My analysis on this 1D chart for USD/CAD looks at the possibility of a break out of the descending wedge pattern we have been in since the first quarter of 2020. We have just seen a bull flag lead to a third tap on the resistance of the overall channel...
All the info is written on the chart. Still long term bullish, but I still expect some more short term downside based on the chart. The green dash lines are possible re-entry levels, but they're subject to change with market conditions. Scale in and consider using stop loss orders to conserve capital in case of more downside. happy trades, CD
Ideas are clearly stated on chart. After that 1300% pump, I think it's safe to expect a bit more downside short term. Still long term bullish. happy trades, CD
Chart is a bit messy, but pretty self explanatory. I'm taking profits on XRP and look for re entry. Still long term bullish. I know, everyone's saying Alt season is here. Overall sentiment is very bullish and shifting in favor of alts. So why would I sell? XRP has often deviated from the rest of the market, as we just saw with this 100% pump while most coins...
REN is an excellent project, and one of the earlier projects to take off on this overall alt run. Feels like forever ago! Looks like we're almost done with the retracement and ready to swing up for our next leg of the journey. Already breaking out of the downtrend resistance with solid volume behind it. I'm expecting a very strong movement here with the timing...
That is a steep retracement even if it only makes it to upper channel. this would be the projected monthly reversal region. could manage risk with the H4 level. Target it the purple Pivot point
Perfectly clear head and shoulders on $TRIP 's daily chart. Along with that there's a bearish RSI divergence & the fact that its run up SO much during a freaking pandemic, what a joke.
Weekly pivot and monthly pivot both developing lower. Of course it could rise prior to their closing time. However they will lmost always revert to that far untested pivot following. One could buy the dip upon testing it or short swing to it with a average cost up in case it rises more leading up to the CLosure. Tarrget would be where the central pivot and/or...
If we manage to stay above the line, (around 52k) I think we will get a nice bounce back to the next level (around 70-75k). Cheers✌️💫🚀
just in case it plays out lol
In my opinion BTC is going to trade inside the triangle and breakout, meaning a small retrace to the support line. After this retrace, I think the correction wil be over. I am opening a long position after the retrace. Just my opinion, not financial advice. Cheers✌️💫🚀
We can see price broke out of an ascending structure following CHF weakness across the board. Price is now retesting the top of this ascending structure. Where will price head next? Two potential price paths for you follow. Have a great trading day and weekend!
I believe we rise from here.. the weekly pivot we are testing. and during the week reach the H3 just over 2k. When this monthly closes it will have a steeper retracement to low 1700 area. Using weekly and monthly camarilla pivots and CPR Ignore the time scale. I expect the bounce in the coming week. and the fall on or around monthly close
I'm expecting a quick pullback to around 24 cents from here as we just broke a trendline and the Risk:Reward looks good.