Parabola not broken? Was messing around on stream and found a clean parabola that has yet to break. If broken Most parabolas retrace 50-60% which would give us this bounce zone around 5200-5800 which would also give big players the chance to trap a lot of bulls around the 6400 support zone. Not trading based on this chart, just something cool that i found.
Bitcoin is approaching a major resistance point that it has already failed on the last two candles, forming a pivot. If this pivot begins to fail for a third time I will look for a Daily short play with a loose target around the daily pivot high and daily pivot low.
If we can S/R flip this Weekly Pivot then I will look for a Daily Long play with a loose target...
Currently seeing a Rising Wedge on the macro time frames, these patterns are typically bearish, but could see a breakout to the upside about 30-35% of the time.
If we breakout upward your target remains 6200. If we fail downward, there is a support at 5600 which is a daily pivot, there is a also a 4H doji level which will be your failure target at 5455.
12hour Price above all lines and cloud. Green Cloud ahead of price, giving us a 100% bullish setup.
3hour Price is above all lines and cloud. Green Cloud ahead of price, but the Tenkan is below the baseline, almost a 100% bullish setup.
1D Support Levels at 1194 1123 Resistance Levels at 1494 1576 three significant levels around price currently that are swapping...
If we look at the volume profile since the fall from 6k we can see some very defined levels.
i) Value Area High: 4105 this will be our major resistance moving forward.
ii) Value Area Low: 3346 this will be our major support moving forward.
iii) Current POC: 3581 this will be our zone to watch for a further retracement downward.
iiii) Developing POC: 3800 this...
12hour Bearish TK Cross, but its above the cloud so its a weak cross, but because price is below all lines and the cloud it is quite bearish.
3hour Red Cloud resistance ahead of price. We are starting to see a small relief bounce, but not convincing just yet.
1D Significant levels at 3287 (closest support) 3625 (closest resistance) and 3943 (next major...
12hour 100% Bullish Setup with price being above all lines and cloud being green. Look for pullbacks.
3hour 100% Bullish Setup with price being above all lines and cloud being green. Look for pullbacks.
1D Resisting 659. Nearest support is 634, then 611. Watch for pullbacks to support, we want to see clean bounces and strong buying volume off support.
I don’t trade these kind of fractals, but this is something that caught my eye from someone in discord. This is a fractal on Ethereum pulled from April 2018. It’s not overlaid perfectly because I want to show these similarities in levels.
The April fractal shows the same ladder pattern as the current price action.
Support into bear flag breakdown (1)
Here we have a Double Buy alert from the DBT MoMo leading to a 42% move on TYME in just two trading days. Once the double buy was alerted it consolidated for one trading day finding support. After the news announcement came in so did the volume. With the volume surge we saw an easy push up to $3.
Here we can see a clear break of the wedge to the downside leading to a failure of the fan principle, but funny thing is we bounced perfectly off the middle trend line of the fan principle. Will it hold? To early to tell.
EOSBTC 3D is holding a longterm support trend line and is consolidating directly under a major resistance.
If the second resistance is broken EOSBTC has a lot of room to surge. Keep an eye on .0009600, if broken the volume will most likely surge with price. Target would be around 11000-12000 satoshis.
Another thing to look at is the signals from the DBT MoMo....
Here are four recent divergences alerted by the MoMo Divergence Finder on XBTUSD 4 hour interval.
The MoMo Divergence Finder is a sub indicator created by using the fast line of the DBT MoMo. It finds and alerts bullish/bearish divergence. These divergences can give the user great entries before most of the market becomes aware.
If you would like to find out...
Here are three of the recent calls by my DBT MoMo indicator on XBTUSD Hourly time interval.
I have found that the hourly is one of the strongest intervals for the MoMo, but it is not time sensitive so you can use it on any time frame.
The yellow and purple shading indicates tops and bottoms incoming when you are in a ranging market. In a trending market you...
Here is a very simple outlook on the current market structure using John Murphy's Fan Principle.
The principle basically uses 3 trend points that are acting as resistance in the beginning of the trend then all 3 trend points turn into support, signifying a trend shift.
Will this play out? I am unsure. This is not my typical form of technical analysis and I...
Here we have an alert that went out in my discord and to anyone using the DBT MoMo Divergence Finder. It alerted us to a bull divergence on the candle right before the massive move up. Both target 1 and target 2 were cleared without problem.
Part 2 of a quick look into the Slow MoMo Line.
Here we can see the Slow MoMo calling bottoms back in 2017 during the bull run. The highlighted areas are when the MoMo line was below -10. As you can see it does not stay below -10 for very long before finding the bottom.
This is less than half of what the MoMo offers and as you can see it is quite powerful.