As expected, we've now been consolidating for about a week around the 159 sats level. Reaching the target I set in a previous idea. As we're consolidating with volume still stagnant, we could see another leg up towards the 210 sats level, which has confluence with the high we made back in July. Are you still holding or did you take profits already?
Higher highs & higher lows while above the 21 and 100 MA. MACD curling away.
I would like to see Ethereum complete the double bottom against its Bitcoin pair. The green support zone has held about four times already and looks strong. It coincides with the .382 FIB level from back when price broke both MA's I feel less confident about the rejection at the 21 MA and the fact that the 21 MA has dipped below the 100 MA. Nonetheless this...
- Ascending triangle - Golden pocket on FIB retracement - MA's curling away from eachother - Volume declining
With the third stimulus check for Americans to be dropped as of today it is a good time to take the time to look at what happened last two times. In april 2020 stimulus payout followed a quick drop of about 6% and then a 47% surge. In december 2020 stimulus was at the dawn of an immediate 60% rally. What will this time bring?
Chainlink setting higher highs and lows. Touched golden pocket and is continuing the move I predicted. It has now retested the .5 FIB level, psychological $30 level and 21MA. I can see this move continuing especially since the 21MA broke above 100MA. Last time this happened on the 4H was at $12. LINK made a 200% move towards $36. If this repeats we could...
As predicted we can see a lot of higher highs and lows on the VET/BTC pair. Broke through the golden pocket, retested and continued. Broke through each high, retested and continued. This is pure poetry. We've now retested the green support area after bouncing from the previous high around 130 sats. Expecting a break of this level with some volume, another...
After a 25% drop, in line with the current market, we could see a further continuation to the upside. I'm expecting a touch of the first support zone. If we then put a stop loss below the second support zone a rally towards the most recent high will give us a nice 3.5 R:R A strong move could take us to the next resistance at 3840 sats (dating from 04/2018) Are...
Depending on how $BTC interacts with this support zone, we either enter a range or make a move to test the ATH. Bearish: we see a rejection at $51K and fall down towards $43K, holding on in this range from the past week. Bullish: we break through the current zone, retest and make a move towards $58K where we consolidate and then continue towards $67K What do...
- Higher highs & lows - FIB retracement 1 shows us price went from the low towards the 1.618 level - If we see this repeated on FIB retracement 2 we could see a move towards 160 sats
It came down to my support area. Was able to load up on some cheap LINK. I am now targeting $36.5 and $46.5 as the next profit taking levels. How is your LINK bag?
Bitcoin is not looking super strong, but I believe we can expect some more momentum to return to the ATH. Bearish case: it breaks down the 21MA and MACD curls bearish. We fall through the support zone and set a lower low Bullish case: we make a higher low here, break through $50K, retest and blast towards $60K What's your view?
- Resistance zone coincides with the golden pocket. Both of which coincide with the psychological $30 level - Looks like a double bottom forming - Volume increase on both bottoms Looking for a higher high near (red arrow) to confirm switch to bullish structure.
We've seen this before guys. Look for a double bottom structure and an increase in volume.
Please don't worry in times like these you guys. Corrections in the market are a common occurance and will often last several weeks. Seeing your portfolio drop 30% - 40% for the first time is stressfull. Just make sure you don't let your emotions get the best of you. - Set your targets - Take partial profit on those targets - Don't try to time the market unless...
ETH/BTC breaking through support after support. Next big support zone around 30k sats. Could see a turnaround here with the strong bullish divergence, however it could also playout a little further until the support zone. How did you survive this red monday dip?
- Three year resistance - Bearish divergence w the RSI - Very low volume Next big support area: order block around $23 Invalidated should we break the resistance line.
PERLIN has been forming a nice pattern since the beginning of 2020. Why I believe we could see some nice bullish continuation? - Higher highs, higher lows - RSI getting close to above 70 (look at what happened last time ; red arrows) - Volume is strong and increasing We could see a struggle from the golden pocket. If not, I expect a conservative target between:...