Here is what I am watching for if BNB decides to do more price discovery to new ATH's Looking for an entrance on the 2 / back test of previous ATH
It is looking like we are about to have:: A golden cross with the 200 and the 377 MA's OBV is still forming HH HL while the previous ATH "resistance" on OBV has now been back tested and flipped to support on the macro tf We have continued expanding bullish volume overall on the previous large pumps - a sign that demand is increasing I'm flat, not trading this yet...
I'll be watching for how price reacts at the highlighted demand zones to decide my re-entry
Lower low is in on the meso tf - time for some correction Sorry bulls
If this is a FW, it needs to break up soon If the FW fails, it will most likely attempt to hold at the lower interim support again Depending on momentum as it approaches this support, it could fall to the lower demand zone
Falling wedge on ETH as well? We will see soon xD BTC stalling, possible altszn incoming?
Maybe a falling wedge? Maybe bottomed? We will see soon xD
I'm leaning towards bullish... Move incoming soon though, either right before or right after the daily close if I had to guess Will be ready to react quickly, stops set
This thing could really take off here... Like realllllyy take off and create mass mania, having people fomo in at 12k+, even 20k+ if we get a monthly close over the pivot, OBV breaks over that diagonal, and RSI remains over its horizontal, we are bullish asf - green dildos slinging all over the place
Previous charts of the broken parabola were obviously meso tf being that the parabola was only drawn on part of the recent movements and not from the actual true bottom, which did react as expected with a nice drop once it was broken If the parabola is drawn on the macro tf, we have stayed above it while filling the CME gap - bullish Alts remain bullish and...
We have developed a 4H Falling Wedge hanging off of the "broken" parabola Nice confluence here with a run up to 9200 based off of the prior measured move and the R3 on the 4H Would also be a possible back-test of the underside of the parabolic move - If there is large bearish rejection here, a blow off top could easily follow Everyone is expecting a retrace...
Just realized my previous chart of the parabola breaking was on Bittrex... Which is not the leading exchange Even with all of the "fuckery" lately regarding the USDT scandal and finex having far different charts than the other exchanges, it is STILL the LEADING exchange and has still been the most accurate at TA forecasting even WITH the TA "fuckery" thats been...
I do believe it is time for a retrace here, the parabola has been broken
OBV has broken its parabola on the daily I still think that it is just a fake out based on how far it is sitting outside of the BBands on the Weekly Double bounce off of the S2 pivot Bullish div on volume / price action RSI testing area before it last bounced Last flush before turning bull? We will see soon
Stellar sitting outside of the bbands on the weekly, market overall bullish - shaking out weak hands OBV turning around, possibly parabolic trend change Far oversold on the Weekly RSI Bullish div on volume This can definitely go down further, but based on context, I'm thinking the top alts will soon start pumping
We have some divergence for sure, but I am thinking this is going to play out to be an ascending triangle being that the market is so bullish - tight stop set
When patterns like H&S that have higher probability than most patterns of breaking (in the case of an H&S, breaking down), the momentum and power that comes out of them when they break the OPPOSITE way is quite huge. This is a perfect example.