MrBurns28

MrBurns28

Here we go, heading down boys but I have got a feeling we are going to see a nice inverse head and shoulders pattern forming. If it does retrace to 0.78 fib level and bounces we are heading to $2222 dollars in the next 3rd wave. Keeping a close eye... Happy trading guys

MrBurns28 Updated 

When observing the Weekly and Daily we see that the RSI has reached oversold regions and is diverging showing possible strength coming in soon. I am waiting for one more low to form around $37 to complete my wave count before a long position. Everyone still bearish but the charts are showing a strong market for the rest of the year. Trade safe God Bless

MrBurns28

We have been moving up correctively since mid June, and this drop in price seems corrective. I see us continuing the corrective movement to complete the WXY pattern. I have an estimate time for this move to complete which is around end September according to the time fib. Happy Trading God bless

MrBurns28

RSI broke out the weekly resistance, and looking bullish overall. Still neutral but a 90% retrace is indicative of a 2 wave pullback and RSI finding support on prior resistance seems bullish. Cautiously Bullish

MrBurns28

While everyone has flipped bullish I am cautious. One of my bearish outlooks, is bullish in the long term One more push to the downside in this ending diagonal to form our new low and push the market up again. Market is too bullish to dump to 12k. My lowest target is 16.5k if this falling wedge plays out. Have a great day God Bless

MrBurns28

Not sure if this is how it will play out, but making a new low will create divergence on the daily and weekly and could be the final bottom for the next move up. I am keeping a close eye on this idea in the 4 hr timeframe like this. Thought I'd share it. Hope it helps God bless

MrBurns28

Next leg up for crypto. RSI in place for a move upward. Trend is upward for now

MrBurns28

I expended the RSI level to reach the fibonnaci level of 0.9 and then lastly a divergence hit to confirm a reversal. This might indicate we have bottomed this leg of the downtrend and a possible reversal is expected.

MrBurns28

Price pushed the RSI to below 0.9 fib level. This usually indicates possible reversal after divergence has been made. If price closes around these levels we might see bullish momentum the next few weeks. Divergence on the daily timeframe is a bullish signal. All depends on Bitcoin and the market conditions.

MrBurns28

RSI levels on Kusama has reached 0.9 level on the daily timeframe which is usually brings about a reversal in this timeframe. If price closes daily around these levels we can expect a bullish reversal in price action. Most of the Altcoin market seems prime for bullish momentum

MrBurns28

Btc is making divergence on the RSI, It came down to the region I was waiting for and retested the area with divergence on lower timeframes. Good time to long. God Bless

MrBurns28

I see a possible long on ETH with a tight stop loss

MrBurns28

I see divergence in the chart. We might come down and reset the RSI in these bottom regions. Anything below the 0.786 is a buy for the next leg up

MrBurns28

I see us heading down to make a 4hr candle close below the 0.786 on the RSI and this will create divergence for the next leg up

MrBurns28

Will wait for confirmation of breakout and support on this descending channel before being bullish. If we fail this breakout and support, expecting 30k retest. Just my opinion..

MrBurns28

My first published Idea...Looking for BTC to break this point