btc is in wyckoff distribution, short anything below 5600. NVT is showing we topped, 100% accuracy since 2015. idea short entry would be 5200-5500, target 4200-4400. below is a comparison i made a while ago which i spotted trx wyckoff distribution in the early phase.
the whole slow grin up should be a corrective move, the weekly volume is declining, expect a reject from 4200-4400. Weekly TD is 9 now, which also shows the trend momentum exhaustion in short term. its likely whale will sweep the high, then retailer fomo in, and then it dumps hard.
dent is ready to fly, weekly rsi divergence, falling wedge bullish pattern, target outlined, take profit for each target point, and re-enter for each retest of the support. cuz the wick sucks on altcoins
LTC is running out of gas, maybe one last push to around 70, daily strong bearish div, weekly continues upward with the declining volume. its running out of gas in the rising wedge, its a strong daily bearish formation. After retracement, depends on the retracement on weekly we will see how ltc goes towards halvinng (expect target 90-120). In 2015 ltcusd pumped...
eos, we are in weekly fifth wave
the length of fifth wave could be 0.618, 1, 1.618, 2.618 of the 1st wave, target outlined on the red line resistance, it aligned well. This could be the bottoming of eos/btc. lets see when and how retracement goes after we complete this weekly fifth wave
dagerous!!! stoch rsi overbought, usually 30%+ drop. rsi weekly resistance!! OI interest ALL time high, majority of OI is opened on top of the rally which is not good for bull!
website to check open interest: www.dprating.com
BTC: clear bearish pennant continuation pattern forming on weekly, we still have not seen capitulation volume yet.
ETH : weekly stoch rsi is already bearish crossed, ethusd long/shorts hits ATH, around 4.
overall sentiment: retailer money has been sucked in shitcoins that playing pump and dump game. ETH long/short also indicate the overall sentiment of the...
Bitcoin is trading between the low and middle of the bollinger band for the whole bear market. Its being constantly rejected by the middle of bollinger band after each counter-trend rally. From the last bear market we can see once bitcoin break the middle of the bollinger band, and acting it as a support, then we can confirm the long term trend changes from bear to bull.
Bitcoin dominance chart shows some interesting patterns. At the beginning of the bear market, the bitcoin dominance dropped significantly from the last shitcoin bubble. The bitcoin dominance did a W bottom, and then hits the expected target around 55% with the etf new rumor. After that, the bitcoin dominance started to form a bull flag , based on the symmetrical...
i see two inverse head&shoulder can possibly playing out inside the falling wedge ...my plan is to long at 3370-3385, stop is right below the last low at 3350...if the support 3350 breaks, bull has the last chance to fight up, around 3320-3250. The reason i only playing long here, the RR is much better for bull, while i still have my shorts from 4180...unless i...