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Please take a close look at this chart regarding all of its time horizon!
Tesla has never really seen a bear market in its own price action, which is
pretty bullish and shows that long term TSLA investors are sure about...
so this is a pretty important post right here.
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As many of you migh already know, we had the cross (golden cross) of the 200
and 50 MA on the daily chart coming and it happened today.
More or less surprisingly, we saw the price ralley strongly to the upside.
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Ethereum has seen a pretty steep pullback from its recent swing high to the 240s.
We have very strong, bullish wicks on the daily timeframe forming now a
second reversal candlestick.
The 4h chart bottomed prematurely on a 9-Buy (TD-Sequential) and is sitting on green count currently.
sooo the correction has begun.
Take a close look at this chart if you did not yet make your mind up about
where price could be headed in the next weeks an months.
We are currently forming a reversal candlestick on the weekly timeframe
and most signals are flashing atleast short term corrective.
Targets are 200MA at the very bottom at 8880
Altcoins have been outperforming Bitcoin lately and seem to continue to do so.
Litecoin is currently looking very bullish with a break of resistance on the BTC
and USD chart.
The USD chart is sitting at a 9 on the TD Sequential and could signal a reversal rather soon.
Also other cryptos like Ethereum and Bitcoin are sitting at 8s and 9s, which...
Guess we can negate the bearish/healthy scenario for now as we see Bitcoin pumping over its
prior high for 2020 and even wicking above the last swing high on Bitstamp to
create a new swing high.
This is quite a huge factor and once more signals the strength and deeper bullish
bias of this ralley. This also could now be further...
So it seems like Bitcoin doesn't quite know what it wants to do.
Retest swing high, break it, form rising wedges, break them to the upside, then downside...
Nonetheless we have a bearish engulfing candle on the daily chart which is signaling strong
bears for now.
I will look for further downside if bears remain strong shortterm and keep price...
If you look at my latest post on Tradingview you will see that scenario A played out nicely so far.
We broke the posibility for a rising wedge break down and managed to get above short term
We are now looking for a touch of this ascending channel, coinciding with important horizontal resistance
and fibonacci significace. 10k has...
anything you need to know is displayed on the chart.
I am in a hurry so please forgive me.
Potential rising wedge forming in a ascending channel, altcoins seem to play out similar.
Bitcoin has to decide wether it wants to break the channel first with confirmation of the
rising wedge, or if it decides to negative the wedge and retest the upward channel...
So Ethereum has really shown strength in the last few days,
especially in this current consolidation. ETH has gained more than BTC
in price lately and with the current bearish position of the Bitcoin Dominance chart,
we could see ETH gain momentum over BTC.
Take a close look at the factors desplayed on the chart and the text besides the arrows.
So Bitcoin has been consolidating in the last few weeks and days and is currently holding its gains.
In my latest post I expected Bitcoin to find a daily higher low in the near future at around 9000USD.
Therefore it is of no surprise, that we bounced off of low 9000 and are now about to retest resistence.
Also we have a bull flag on the 4h and 12h...
trend, outlook and mindset are still the same and have not
changed since my latest posts. Bulls still prove to us that they maintain
controll on the broader time frames and buy any dips.
Currently it seems like Bitcoin wants to scout for its next daily highler low,
and is on the verge of breaking 4h support.
If this consodilidation/correction continues...
Can anyone explain what is going on here?
The BLX chart shows a drop of 100% to 0 on Bitcoin.
Certainly on any other chart/exchange bitcoin is a normal levels.
Has anyone any idea what this means?
This shows only on the 3D and Monthly timeframe,
all others are at normal price levels.
This needs clarification!!
basically anything you need to know on my outlook on bitcoin is displayed on this chart.
Our last targets are at 9800 (red box) and 10300 (last swing high).
Bitcoin keeps strong on all time frames, but is a bit overextended on the 4h chart.
Especially when looking at the Bitmex Funding Rate it kinda tells a different story and
displays that bulls are...
So there is stilll one more target to go.
As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances
which bitcoin has to break to finally confirm a trendchange on broader timeframes.
Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and
seems to be of high significance when...
after our run up to recent targets of 8900 USD we bounced off and have been consolidating since then.
This conso looks not bullish to me in my opinion, after we tried to break resistance on the second high and
managed to do so by a few bucks, yet bounced off immediately.
This kinda looks like the consolidation after the second high after the high of...
so BTC has now broken important resistance and broke out of its pitchfork.
We had earlier tries of breakage but didn`t managed to do it.
Our count of the TI Sequential @ToneVays is telling us to be long and should now sit in a substantial profit.
There seems to be no resistance ahead, except of the 200day EMA.
On basically all other time frames it...