BTC toight like a tiger on the 4hr here Downtrendline watch- orange Also watch for the 4HR RSI trendlines breaks bulls need to hold either the higher lows on 4HR or Hold the box support For best followthru both RSI downtrendline and Price EQ to break at the same time!!! EZ-PZ right? Get ya stop loss in
Bears out in full force Every time frame is bearish - MONTHLY, Weekly, Daily etc etc Everyone is saying that FTX has Fried the crypto scene. CRYPTO IS DEAD But will the bears get F'd up just because everyone is so bear? Find out soon! -make sure to have your stops in for protection ::::::D-
Is it a triangle or head and shoulders? Or are we going to break bull or bear? It's too early to tell,. It good to keep an eye on and make trade plans accordingly. Which one is it going to be? I reckon a triangle that breaks bull. Find out on the next episode of dragon ball z
We got Weekly 21 ema acting as resistance Daily 21 ema acting as Support FOMC announcement coming in on Wednesday 2pm New York time Triangle on 4 hr ready to break with some follow thru Let's be ready Stay protective
Big move incoming bear or bull BULLS: 1) Broke out of the downtrendline on the daily going back 5 months!! 2) Need to confirm with volume & followthru, break and stay above 20k 3) Need to break D RSI triangle bull! 4) Tether just printed 1 Billion (not trillion typo in the chart) USDT, historicallly a bull sign BEARS: 1) Dominant trend is down, likely to...
Everyone is so sure that we are going lower, this would be the perfect storm to fake everyone out and head higher. Here I drew one possible scenario that could play out. It doesnt mean it will happen, but it would nicely trap all the bears if it did. Make sure you know when youre wrong and protect your capital! GL
The trendline has many touches and goes back to 2004! We had a massive parabolic run coming soon to touch it Also there is an action area on the horizontal level about the same level -> Confluence! We are very likely to get some kind of rejection. We do need to set at least higher lows on monthly, 3 Monthly and even 1 year charts! Dollar bulls be...
We are looking similarish to the 2018 sideways action for the 100 days before we had a huge dump down of 50% from 6k to 3k. Are we about to repeat it? The big difference is that back then nobody expected a 6k dump. All social media was under the impression that we are about to pump higher. I think a likely scenario is that we get lots of fakeouts. because, pretty...
check out how peaks and troughs line up duting the financial crises of 2000 and 2008
Supports there -falling wedge, 4HR - Daily GP 0618-065 - RS support zone from action before dont forget to have stoploss! GL everyone~!
Listening to Ray dalio interview on FOX www.youtube.com and deciphering meaning: -Interest rates wont be able to be lifted enough to compensate holders of bonds and not hurt the economy -So far we had 8% inflation -3% interest rate isnt enough - inflation will come down a bit but still very high. And money will get alot tighter = STAGFLATION -Similar to 1970s but...
As per previous call We have hit our consolidation target. My order didnt feel by a few dollars, so i bought a smaller position when we broke out of 2 minute falling wedge. I will take profit at ~1650 just to be safe. Now the reason for the bounce here: - RS zone 1550-1600 hit - W 8 EMA being retested for the first time - 0382 D Fibs from june lows - Oversold on...
I went against my no shorting rule and took a small position last night when we rejected from 1960 with a large wick on 4HR. This is what usually happens - the price fakeouts with a bull break only to quickly go down and trap anyone who was playing a bull breakout. So I decided to take a small short position for shits n giggles. Thats where i put my stop - a Hard...
Alright so I was right and I was wrong Right - Nosterdamus type call here :) Wrong - However I did say we need to breakdown - bears needed followthru which they didnt get. Bulls held on, made it a support. Then CPI numbers came in and pumped the whole market, SP500, NASDAQ, and BTC. Anyway, now I am just a making note to myself that this is...
Bulls have to hold here or we going lower as we - break the uptrendline on 4HR - This Up trendline has been holding for 28 DAYS so its a notable breakdown. - Also Triangle on D RSI is being tested and bulls need to hold. Otherwise it is bearish divergence that is playing out starting from 22 days ago Some may say this is a great entry point as we are at the...
Ok so we got our entry. I have a small position that I took because i was in bed, going to sleep so I took the position on my phone. Now lets see if we can get to the top trendline resistance of about 1800. We got 2 resistance zones to punch thru as shown on the chart with the rectangular boxes. So far the double bottom on 1 HR and the bull volume off it...
We want to retry the trade few hours ago that didnt happen due to Pelosi mini pump Rising wedge support trendline on 4HR with top resistance at about 1900. Could give us 15-20% trade. Test of trendline + 0.5 Fibs + Consolidation sideways- expected + 4HR RSI support trendline test Bulls looking to maintain D higher lows uptrend. We are wrong if we breakdown...
falling wedge support on Daily + 0618 GP on 1HR FIBS + 4HR OS + 1 HR OS + 4HR RS Zone If we get there, we are likely to have at least a short term bounce on the hourly/15min. IF we dont get there, oh well.