Thinking we see one more scary wick down to shake out the last of the weak hands before lift off. The Daily OB at 49830 acted as resistance for the September highs and hasn't been retested as support, makes sense to me that we have one last capitulation to test that before we see a push higher, I would expect quite a bit of panic selling if we break the trend...
Well we got the swing lower and touched the untested Daily Supply at 0.043 quite a bit deeper than I thought but makes sense in hindsight. We didn't get a strong rally back up and missed out on the bull div/SFP scenario, Keeping an eye on BTC to put in signs of a recovery, till then we may still see a swing lower. Have a great weekend.
Morning! I think the market is looking ready to make a move back up but we may see a swing lower before so. As I have marked on the chart I'm expecting a doji SFP on tomorrows close which would be a great buying opportunity if you're not already in a VRA position. Depending where todays candle closes there is the potential to lock in daily bullish divergence...
Our breakout failed due BTC and most markets dumping on the new Covid strain news. VRA is struggling to stay about this key area support, my hopium at this stage is this Inverse head and shoulder plays out and pushes us back to 0.066 area. I think a lot ways on what BTC does in the short term and whether Eth rallies which might signal another Alt season. This...
Not much to add to my previous update but happy to see VRA playing out as expected. Hoping for a face melting run this time round. Conservative targets at 12 and 16 cents just for good measure. Have a good day!
Nice daily close back above this area of support. First target shown but I'm hoping for higher targets for this next leg, 0.2 to 0.35 I don't think they are unrealistic with FTX and Axie Infinity Esports event coming up. LFG!
Mysterium has held support and looks good for another move up, a couple of massive upside wicks in the last 24hrs, not 100% sure what they are, if anyone knows I would love to be enlightened! I'm thinking there large buy ins, here's hoping! Mysterium recently released their main net, it's been a long time coming and all is looking good, Mysterium have been one of...
VRA has bounced nicely! Reclaimed the bottom on the falling wedge and the 4HR OB at the bottom of the range, tagging the Daily OB and top of the pennant. I think we'll see it go sideways for a bit before breaking out above the Daily OB, from there I think it's up, up, up. Conservative no news hype targets are shown at 12 and 16 cents. Manage your risks. Happy trading.
VRA has held up well over the last week, we touched the 4HR demand at 0.05 as expected and bounced nicely. Unfortunately the recent fud and BTC price action killed off the Axie and ICON news pump but we're still looking good here. I would have liked to have seen VRA close either inside or above the Daily OB but with BTC doing what it's doing nothing is certain at...
Bitcoin had a sharp pullback to retest the top of the previous range, which has found plenty of buyers and looks ready to head back up. On chain looks reset, shaking out a lot of degen leveraged positions. My guess is we are back above 67000 before the weekly close/open on Monday morning for strong continuation next week, once we break 70k I think it'll be a...
Hidden bullish divergence on the 4HR Looks good on this bounce, I'm long. Thought this was note worthy.
Whilst everything else was having a pull back MYST has broken out, targets as per my previous post.
Ray has held the top of the Wyckoff range, retesting and turning it into support. I entered a small leveraged position last night on the S/R flip of the .382 but woke up to being stopped out. RAY looks kind of similar to BTC in that it has pulled back and retested the top of its range. Will wait and see now if it holds and look for an entry.
This charts just has the Fib retracements that I mentions in my previous post. VRA is looking really good, if we can get a bullish pinbar for the daily close... back inside the range... Ooft! LFG!
As expected VRA is correcting here after reaching it's 1.618 fib extension. Ideally if we could get a bounce either off the 0.618 fib and reclaim the daily OB at 0.068 before the daily close that would be very bullish. Otherwise we need to look for support at the 0.618 or the 4HR supply/demand zone at 0.06 and wait for confirmation of a move up from...
VRA fell slightly short of my trend based targets but reached its 1.618 fib extensions and sold off. Profit taking after doing more than 160x in 12 months is to be expected but so far that sell off hasn't been to dramatic. I'm expecting a re-accumulation range now, price could drop back to the 0.382 fib at around 0.06 cents which lines up well with a key 4HR OB...
This is for my own practice and would love feedback if I missed anything. Looks like BTC is at the last point of supply and getting ready for it's next move up. I'm targeting mid 80's with a stop off around 70k.