DSltz

DSltz

Looks like we will test the long term resistance. We shall see how the market does today with DXY and the SPX.

DSltz

Buying power is getting weaker. Huge red flag for myself.

DSltz

A possible ascending triangle, I believe we will retest the the green support line before testing the horizontal resistance. The MACD gives me the idea of us testing the green trendline. RSI is a little overbought.

DSltz

Tread line must hold however, MACD is creating downward pressure. Possible head and shoulders. Going long once it goes to the green support line. You also have a bearish divergence with the indicators.

DSltz

-

DSltz

I opened a short from .6302 ( I do have a stop loss in place) The Trend is finished after the last hour closed below the trendline and the MACD fired downward.

DSltz

BTC

DSltz

BTC NEW TREND GOING LONG

DSltz

About to dump

DSltz

It still looks like a bear flag to me. BB are at $15500ish, and that lines up perfectly with the last major red candle. The MACD is still fired downward. Still have a lot of play room in the RSI.

DSltz

Don't think it will play out, just saw it and laughed at. Right Shoulder ends when the US gets a new POTUS.

DSltz

BTC could go back to support and then takeout ATH. RSI, MACD, and BB could handle a pullback in order to stay bullish. Happy Bull Season!

DSltz

NO LONGER A PENNY STOCK

DSltz

ON THE 1 WEEK TIME FRAME, XRP IS LOOKING BULLISH. I DON'T KNOW WHAT WILL HAPPEN BUT, IT WOULDNT SURPISE ME IF WE GET REJECTED ONE MORE TIME BEFORE WE BREAK THE ASCENDING TRIANGLE. I HOPE I'M WRONG.

DSltz

Both 1H and 4H, looks like a classic bear flag to me. Looking at the last couple days, looks like we are also creating a rising wedge. RSI and MACD are in natural zones. Our last pump, ETH broke upwards first, and BTC followed through. Now looking at ETH, looks like its a small head and shoulders. We can dump today, so be careful. I opened a short. TP: $8600

DSltz

If we can break out of the falling wedge upward with volume, I will close my short for $9600. However, in BTC's history we don't always break out bullish. Wait for confirmation to go long or short.

DSltz

We will need a little more bounces from the support and resistance in order to have this a rising wedge however, I believe we are forming one. This will allow the RSI and MACD cool down a little bit on the 1H and 4H timeframes. I have posted in my telegram chat to short from the high $9K range. We are making good returns. I don't usually look at the smaller time...

DSltz

I have trendlines established. Be careful with the low volume right now.