Crypto_Smokey

Crypto_Smokey

I) Price has been rejected along the downtrend and Kijun-sen (Base Line) II) Price failed to close above 11.8k causing this sell-off III) Intraday support levels ~10.4k-10.8k IV) Price looking for support on the Tenkan-sen (Conversion Line) & 1D EMA on 20 & 100 EMA

Crypto_Smokey

$BTC Inverse H&S Price has broken the neckline, meaning bullish I'm looking for major support area ~11.8-12k Zooming in closer on the 4H chart, we can see a hidden bullish divergence

Crypto_Smokey

Triple Bottom Formation As you can see volume diminished as the pattern formed Currently testing highs from last August/September If we can break out of this congestion area, expect some new all time highs

Crypto_Smokey

Found support on 20 day EMA Hidden Bullish Divergence formed MACD seems to be finding confluence Next major support level at 11.8k

Crypto_Smokey

Failed to find support 0.382 Fib Level Looks like a hidden bullish divergence has formed Touching major support level at 11k If we are able to find some consolidation around current levels or find support on the 100 day EMA then I would be bullish on this

Crypto_Smokey

Wedge formation I would like to see some consolidation in the 11k levels before going advancing to 12k Curious to see if we can find support on 0.382 Fib level

Crypto_Smokey

Approaching major support level Failed to find support on 50 day EMA, 0.5 major Fib level Convergence on the Stoch RSI

Crypto_Smokey

Nearing a major support level Approaching apex; if we can bounce off the support area and hold above the major resistance level (blue) then I would be bullish on this

Crypto_Smokey

VTC continuing along the downtrend Approaching major support level, same level before the run-up in November Daily gravestone doji candle is forming, which is a bearish implication

Crypto_Smokey

I) BTC has found support on major Fib level II) Next price targets are looking to be around 11.8-12.2k III) There could be a bulltrap around the 0.5 Fib level (12.7k)

Crypto_Smokey

RSI looking lower; Stoch RSI in the oversold area Curious if it will bounce back up or continue the downtrend

Crypto_Smokey

On the 1H chart, we can see the breakout of bull flag formation My eyes on the next resistance level would be the 11.2k levels Taking the flag pole and applying it to the breakout, it shows that price targets are around the 12k mark

Crypto_Smokey

Well as the last day of February is here, We can see a H/S formation Neckline on 0.382 Fib level MACD hovering over the signal line; some consolidation around 10k levels before run-up?

Crypto_Smokey

ETH continuing along the downtrend 4H Chart shows it failed to find support on the bottom of the cloud, finding some resistance currently We closed the previous day below the Tenkan-sen which is a bearish indicator Possibly some sideways action before a continued downtrend?

Crypto_Smokey

BTC looking to close on the Tenkan-sen (Conversion Line) Approaching the apex of the triangle We tested the high wick from a couple of days ago, looking like good news..? Found support on 0.236 Fib level; next objective is testing the 0.382 level I think we'll be spending some time sideways in the cloud

Crypto_Smokey

Finding resistance on 0.618 Fib Level Hovering above the 100 day EMA

Crypto_Smokey

Seemed to find it's way in the range I had set up couple days ago Found support on the 100 day EMA Bearish Divergence found from the run up

Crypto_Smokey

During the run-up it looks like a bearish divergence formed