HODLBro

HODLBro

Trx down now to next restraints at 769 and 759.... Returning all the way to the slump on this one. If it breaches 759, we will be an a new low since the boom a week or so ago, but with some crazy volume in the market both sides, the bears could finally switch/we could consolidate on either of these restraints.... I will be buying back in at 769 myself, with a...

HODLBro

Quick sketch to suggest that ENG may now fall below its restraint around 3350-3370 depending on descent of the current downtrend. Descending triangle, and the lack of push in previous points of the triangle would suggest the bulls have been exhausted for now and the bears will take over as we move into the afternoon. Opinion not advice.

HODLBro Updated 

We have now bounced off the 950 twice - at the best case scenario we are looking at a long drawn out bull pendant if the two lower supports stay intact. Worst case scenario we are looking at a bigger drop down should the supports fail to hold. So far its a war between the bulls and the bears - lots of long tails either side of the candles on the 15 min gap, and...

HODLBro Updated 

Edit: Second support identified around 895. Should this hold, may signify another attempt at the 950 ceiling, and a strong upward compression with bulls starting to force the market up... Changing to neutral for now, but position will change based upon the resistance at these lower three bands. Original: We have now bounced off the 950 twice - at the best case...

HODLBro

Have a strong 950 ceiling on this trend, if it bounces off twice, we could see a reversal, or at best a move to consolidate further. If it passes, we could see beyond as the bulls take it through. Going short considering the strong move downward, but could change.

HODLBro

A progression on my previous overview - based on basic analysis on restraints, but a warn against a possible bull trap as the triangle reverts to the previous rate of decline.... If it breaks out or we see an inverted double triangle forming at or higher than the previous low prior to the breakout, strong possibility for bulls to gain the upper hand.. Opinion...

HODLBro Updated 

Just a quick one, as monitoring the general BTCUSD trend to inform my context for altcoins markets BTC has formed a nice triangle with responsive supports, which showed initial potential for consolidation and move up. However, strong failure of final support suggests the bears may have broken through, possibly hitting residual supports for longer term traders...

HODLBro

Targets for sell and buy back at T1 and T2, following by fib 23.6% T3 following possible breakout

HODLBro Updated 

Jumping out at 3650, based on basic triangular analysis along lines of resistance. Ideas only, not advice, but open to comments. Long term, nearing end of pennant, so expect consolidation along central line, watching for breakout either up or down.

HODLBro

T1 - 6700 Analysis not advice, comments welcome