CharmingWolf

CharmingWolf

Unfortunately, it's not looking good for BTC right now. Here are the bearish indicators that I'm seeing: 1. Ascending triangle 2. Decreasing Volume 3. Price action below .5 Fibonacci level I just converted my "dip" trades into USDC and I'm now awaiting a 2nd dip to buy back in. It is possible that if there is another dip, BTC can find support near the larger...

CharmingWolf Updated 

On the 1D chart, AMP is clearly within: 1. an ascending channel and 2. more recently, a symmetrical wedge. As the candlesticks get closer to the tip of the wedge, strong volume is coming in, and I believe buyers will pop AMP in an upwards direction. $0.92 - $0.95 may be a good range to take profits, as this is the range near the resistance line of the...

CharmingWolf

BTC produced a clear double top on the 4h chart while trying to break the strong resistance of $46.3k. Its been on a slightly reluctant downtrend since. A strong support where it may bounce is located at $43.1k, which is also the .618 Fibonacci level. One the 1D chart, you can see that BTC is still showing a nice bear flag pattern, with healthy pullbacks...

CharmingWolf

A potential bull flag has formed on the daily chart for BTC. What's important now is determining where the bounce will be. I will be looking for a daily candle to create a new high before treating this pattern like a bull flag. While looking at the Fibonacci set up, it is possible to see BTC bounce at the .382 Fibonacci level ($37,569).

CharmingWolf

Prepare for BTC to continue falling within this descending channel. Fibonacci levels that we could consolidate at are $37,390 and $35,760. $35,760 could be a strong bounce, but I do not see $37,390 being a strong bounce, mainly consolidation followed by a clear move to the up or down side.

CharmingWolf

What I see: 1H chart 1. Descending Channel - lower lows and lower highs 2. Descending MACD - more momentum to the downside 3. Previous support @ $39,300 My thoughts: BTC will break the channel and descend quickly towards $39,000, but will be met with support at that level. It will then consolidate for a few hours before making its next move. Analysis at the...

CharmingWolf

BTC has been on a steady downward trend (within a descending channel) and looks like it is consolidating for another downward move towards $28k. Volume has been significantly lower over the past few days also. My wild, out-of-the-box estimate for this 15%-20% dump is within the next 24 hours.

CharmingWolf Updated 

on the 4 hour chart, I am seeing an ascending wedge which appears to be accompanied by decreasing volume. Also, the candlesticks have not surpassed the 50% Fibonacci zone, which leads me to believe that this is not a false pattern. If the pattern is correct, then another dip can be expected, breaking the ascending wedge pattern. My guess is that BTC would find...

CharmingWolf

This has helped me learn that technical analysis isn't always right. I was seeing a head and shoulders pattern, added my graphics, and waited. I expected the head and shoulders pattern to lead to a downward movement, but instead, an upward push ensued. I also placed my first ever paper trades after making an analysis. This was a great learning experience and I'm...