just notice double top RSI at 60 on monthly RSI.
after a nice bounce off 40, bull market RSI support, its now hit 60, formed a double top, or potential bear market RSI resistance.
Price action looks like complete ass.
Looks like a confirmed double top as well.
Looks like southern cross evening candlestick pattern as well on most recent swing...
CME GAP and 12H bullish OB.
Also Daily previous resistance, should now turn support.
Targeting 11k/10.9k from where we are now.
Signs of exhaustion:
- climactic volume candles.
- CME Gap down below.
- traded into and past previous resistance (shakeout shorts?)
- 12 hourly RSI finally got a double top and divergence over short period - wait for 12 hourly...
LTC long idea.
Buy 0.0076-0.0081 (daily 1D bullish OB)
T1: 0.0105 (1st 1D bearish OB)
T2: 0.0115 (2nd 1D bearish OB)
T3: 0.0142 (3rd 1D bearish OB)
C wave in a larger WXY correction.
C wave is a zigzag 5-3-5 correction with an extended 1st wave correction.
1D bullish OB in the green box.
there is 1 below it at 0.0071 which may also be a target. but...
I love the state of the crypto market right now and honestly I am impossibly bullish on the entire market as a whole.
Target 7.5k - 9.1k (Weekly chart, large green box, weekly OB), also most recent swing low.
On a more refined note I see 2 zones where the corn might bounce.
1 (red box): Daily OB, 8.9-9.3k
2 (green box inside a...
So while everyone or most people right now are fixated on bitcoin and its momentous (and it is momentous) 4x over the past few months, it seems that everyone has forgotten about the alt coins.
Personally, I've been eyeballing the altcoins right now and I cannot find a more suitable position to begin accumulation of the coins you want right now.
OMG is just an...
Short term reversal incoming.
PA is lining up well with the indicators too (simple bearish divergence on 1D chart)
decreasing volume on this move up.
1 more bump up, into previous support now turned support.
I'm closing off my trade at T1, I barely trade but when I do, I go safe.
T1 - 0.128 or there abouts.
T2 - 0.115 or there abouts.
will be following this up...
All I have to say is.
R.I.P US economy.
I don't care about the fundamentals only that the effects of the fundamentals are forecasted into price.
Price tells mee all I need to know about the fundamentals and I don't even need to look at the news to tell you that we're in for a rough time.
Look so very like Wyckoff distribution on the weekly.
6monthly chart looks...
Literally the same stuff as my other alt ideas.
Find coins that are bottoming out near historical support (this is a weekly OB, 3D ob, D1 ob, 12H ob). If you look at the weekly, I'm spotting, if this is true, some simple divergences which could most definitely play out over the coming weeks.
I like my chances here.
So I'm going to DCA.
Ideally the buy zone...
LSK looks like its in a great place to be a buy right now.
Pretty much just above the weekly OB. which has been already tested couple of times.
kind of looks like an Adam and Eve bottom.
You're buying support.
LSK, again a fair dinkum project with great fundamentals (I think, DYOR)
- now down to 28.8k
and finally 8.8-9k sats if we ever get...
Chart says it all.
Massive volume spike coming in, looks climactic.
Really easy here.
We buy support and sell resistance.
T1 - Previous support now turned resistance ~ 2300 sats
T2 - 0.618 and bearish OB, ~2800 sats.
Targets and zones are marked on the chart.
Me? I'm not stop lossing this one.
I start DCA and buy the fkn divergences.
I know I've signalled STRAT in the past and unfortunately incurred more than a 50% loss had you taken the trade.
apologies for that.
I'm happe to say that I've learnt a lot more as of those times and would like to extend my new found knowledge and I guess excitement as I apply these concepts into action.
STRAT is currently chilling on...
i checked this on the 6 monthly as well and boy it looks parabolic as hell.
This is the monthly chart though.
The signal is clear as bloody day for me.
Finally my monthly indicators are literally ALL in unison.
Simple bearish divergence on the RSI.
Simple bearish divergence on the fast oscillator and collapsing close to the zero line - scary.
I only wish I was looking into alts earlier.
So many of them are primed and ready to go.
I know I looked into REQ a lot earlier, but completely
In this case, we are buying REQ's historical ATL.
Even if it was just for a swing trade, its a great area to start to DCA. We're chilling in a weekly OB
Targets are marked on the chart.
No doubt this'll take time, but...
Same stuff as my OMG post really.
We're really getting to support.
We still have room for downside, but personally I'll be DCA this area and begin staking them :)
Now for 1st batch.
and 0.00002 - 0.00008 for next batch.
The upside potential is monstrous. Potential 1k%+ and all I need is patience?
I'll take it.
The team been silently...
I am really finding it hard to be bearish on alts.
Heres a couple of reasons why, for OMG at least.
1) Weekly support, also bullish OB from literally OMG's inception.
2) 3D support.
3) Daily support.
4) Why are selling support?
5) no really, why are you selling support.
Jokes aside. I don't really have more to add other than this is support.
I'm buying all the...
going back to some of my roots.
I've evolved my trade style to focus more on PA and mastering RSI rather than EW.
But though I'd go back to EW just to see what's going on, on a larger timeframe.
This is what I'm seeing.
I chose Bitstamp because they go as far back as 2011 for data, like Mt Gox.
I see 5 waves completed.
We've retraced to the 70.5%...
BTC has been KILLING IT.
thought I throw up an idea just for the fun of it.
First of all I think we should retest our previous 7700-7750 highs that were resistance, should now be considered support.
Then we rally to take out liquidity near 8800 or even 9400.
Daily indicators aren't really giving a lot of breathing space for bitcoin right now.
The black line I...