Hidden bullish div on RSI and MACD showing sellers exhaustion. The same fractal is here again now on the hourly chart signaling continuation of a bull trend. The target would be .88 retracement which matches perfectly with AB=CD trend extension.
BTC Finished 4 parts of this fractal and is about to enter the 5th stage, which will be one to remember if traders behave in a similar manner. Considering the fear index (40), BTC is almost in a stage of extreme fear, and the price is above 10000. That means that people are afraid that the price will drop a lot lower.
9 / 10 times BTC does exactly the opposite of...
I saw this types of distribution already, on the first glance it looks like a ascending triangle, but when you look closely you can see divergence building on the RSI.
If you are about to enter short here, you gotta know that sentiment is still pretty bullish, but on the other side, that gives me more confidence in shorting PNT right now.
ETH 2.0 event just acme...
LONG TERM HORIZONTAL RESISTANCE
RSI BEAR DIV SHORT TERM, BUT COULD POTENTIALLY UNWIND BIGGER M TOP FORMATION
INSIDE BAR CANDLE ON A DAILY TF
ETH 2.0 FUNDAMENTAL EVENT HAPPENED ON AUG 4TH. WILL THIS BE ONE OF THOSE "SELL THE NEWS TOP"?
FEAR AND GREED INDEX FOR CRYPTO 79 - EXTREME GREED. NOT A GOOD SIGN TO SEE AT RESISTANCE.
IF YOU FIND MY...
AB=CD target achieved.
Weekly RSI oversold hitting support
Daily double bottom (possible)
I expect some kind of reaction in this area. I would take some profit at 38.2 or 50, but I'm out of this trade. Only using DXY for monitoring other assets. This is only an idea for you.
Extremely risky trade, because RSI div is not yet confirmed, but on a smaller time frames, there are an indication for a bounce, buying volume started coming in.
TARGETING .382 and .5 fib levels
Stop loss very very very tight below ATL
Upon rebranding EDO ti PNT and listing on binance, I expect big drop from this resistance. A lot of confluence in this area and indicators signaling for a pullback, and posible trend reversal.
Chart on binance is only this double top you see here on bitfinex, so traders there cannot see a full picture, and will be caught in a trap. Don't be a buyer here, no matter...
1. bearish RSI div
2. bearish MACD div
3. longer trendline resistance (broken with possible fake out. other trendline is not yet broken, and is forming a megaphone pattern)
4. megaphone pattern (usually a bearish pattern but could brake out either way. Expect very volatile price action very soon)
5. megaphone fractal within a huge megaphone (it should be...