The triangle we have been watching for weeks has finally broken with significance, been retested and continued upwards.
There were many smaller patterns inside, also some major resistance (esp the red box), but BTC seems to be on the way up.
The measured move of the triangle is way up at 72.6k
Will we get there....?
(Anyone who follows me, I have...
Watching SwissBorg #CHSB, a project I am very much interested in and think it will do well.
CHSB has taken a hit over past few days, from $1.5 to just over $1. I hope this will be the end of it as with CHSB it pumps, finds a floor for consolidation (bullish consolidation) and then pumps again.
The fundamentals are excellent and I can only se growth for...
Watching the CME chart, I see 2 patterns.
I think it is unlikely to reach the targets due to the selling pressure BTC keeps getting rejected at but if it broke,
those are some big prices.
Keeping an eye on institutional sentiment
Just looking at a longer TF fib I have on from a while back.
If this run continues and the levels continue to be respected as S/R, then next stop is the 1.618 up at $50.8k or there abouts.
Honestly, after some more small shake outs, I think we are going to get there.
This is what I'm watching for ETHUSD.
Bullish case being we retest the blue dotted line with a slight rejection then break through. If this happens I would expect to see new ATH but 'expect' is a bad word in trading lol.
Bearish case is, we go up, maybe for a test of the dotted line then fall to the support box. Bounce a little then fall. Again if this happened, I...
Support now flipped resistance, 1h EMAs bearish and holding BTC down.
Highlighted box is .65/.618 fib on my chart and seems to be holding as support.
No matter how much bullish fundamentals there are right now, I can't help but think we go down for a bit, maybe a retest of 40 - 42k?
Looking like $LINK is popping off!
I don't chart much LINK but recently have been very interested in how the price has been moving. I did think it looked like the trend was weakening but it seems I was wrong..
Could be topping out for the very short term.
Hi guys and girls, I thought I would post a rough chart I have just done for ETH/USD. I am increasingly becoming more and more interested in Ethereum and it's use cases, though I admit, I'm a little late to the party when it comes to doing any TA lol.
Here are some S/R levels I spotted that look to be relevant. To keep it short, ETH looks as if it's touching a...
BTC broke out from the pennant, passed the first target (first dotted yellow line), and hopefully is going to reach the second.
I am somewhat sceptical about this though so would be ready for a short retrace, maybe a retest or something like this... *Still a very small timeframe *
(Just a possible scenario)
Thought I would post a quick idea for BTC.
After those previous pumps, I have swung bullish for the short term and am seeing another pennant form on the 15 min chart+. I measured it with 2 probabilities if we break up, both are the green dotted lines.
Just thought I would post a trade set up I had missed out on lol.
Taking a retest of the .618 fib @ 10,352 with a stop @ 10,450 and profit around the current CME gap (I have 9710 to be safe) it would be a small short with a 6.55 R/R ratio.
Unfortunatly I missed the entry and am only posting this now, when it's too late, but I think this would have been a great...
Previously I had posted this chart and some ideas. Then I had no idea where BTC would be going as the dump we seen when the chart was posted was completely unexpected by myself so it was very messy.
Continuing from that post, the price did break down past the second purple box quite a bit and continued to drop. We then began a recovery only to drop again. The...
At this point, I have no idea where the daily will be going. A few ideas in yellow arrows, but honestly have no idea. No trade zone for me.
This very well could go down to fill the CME gap, just as much as it could bounce within the next day(s) back up.
Only watching daily, not using LTF's to confirm or chart right now so all ideas are total speculation from my own POV.
Using the extension, my theory does seem to be a legitimate play. The other charts were fib retrace but from an extension POV it does look more and more likely these levels are critical for the past two days.
NOTE: This is just my TA, many will disagree and some will agree. We all have our own ways of drawing and charting and I'll be the first to...