Absolutely beautiful inverse head and shoulder bottom. Measured move lines up with .618 fib on Gemini exchange around $221
I myself think privacy coins could go much much higher eventually when the whole BTC and DEFI craze euphoria cools down. No one is talking about privacy coins i wonder why. Are the whales trying to keep it hush hush while they accumulate?
Bearish Target $1600 golden retrace on the monthly if the bearish divergence on the daily stacks into monthly divergence also would be strong momentum back to downside. The entire run up we created little to no support. Sentiment most bullish of time. People think BTC only goes up. 3700 bottom in March 2020 was never remotely tested
A lot going on here on the 4 hr chart:
- RSI reach oversold level of 19 and started bullishly diverging for a full day
- 4hr/12hr/Daily Hidden rsi divergence higher low possible
- Macd overstretch diverged and now is crossing up
Possible corrective move back up before doomville?
AMD one of the best performers of the year hit a 2.272 fib extension on the monthly previous swing in '06-'08
Bearish divergence formed at that extension perfectly on multiple time frames Weekly, Daily and 4 hr.
Could have a head and shoulders top/into a descending triangle possibly with a measured move of around $ 59-53
Fuck ur calls bruh not financial...
Very clear on the 1 hr and now 4 hr charts for some hidden bearish divergence (possible continuation of trend) which was selling. We hit the .382 fib from previous high to low. I am buying puts for my next target which is the .382 fib to the downside around 306-305 area.
It is possible that we move slightly higher to the .50 or even hit a full measured move of...
This one had a decent run already tons are bullish on this when im seeing a clear bearish exhaustion at a key resistance of the 1.618 @ 444 area. This was fibbed off daily candle body close.
4hr showing some steep divergence with macd cross as well. Macro market could be turning down as well.
just my thoughts and opinion
- Rising Wedge / Bearish Flag Continuation Structure
- 50% retrace from High to Low
- Seeing some RSI divergence exhaustion at top of the wedge
- MACD loosing momentum / cross incoming
- Double Bottom Potential or slightly lower low with RSI Daily RSI divergence in play?
IF We see good bounce from here some things I'm seeing are:
$ Bullish divergences:
4, 6, 12 and Daily Time Frame (Need to reverse though to confirm the upswing on RSI)
$ Descending broadening bottom pattern
$ Hit the 50% retrace for overall 6440-10400 FIB on log
$ 1 HR cooked at 8-10 very historic low