- Weekly RSI breaking out of trend line - 10048 is going to be the last stiff resistance if 9480 is taken out - for now going neutral until weekly closes today or until 9480 is broken
- It's getting confusing looking at PA for last few days - looking at a bigger picture, it's just a bearish retest of SR flipped trend line. - turn it into support to continue up move - keep it simple :)
- currently testing 0.50 fib resistance at 207 billion USD - logically .618 should be tested soon. It's approx 12 % from current levels - with alts outperforming BTC and BTC dominance dropping, expect another wave of alts push once .50 fib is broken. - with ethbtc targets close to 0.0275 per charts, it's very likely Total market cap would test 0.618 fib at 230...
VIX falling sharply and little far from horizonal S/R flip. I guess NIFTY would continue to bounce until INDIAVIX hits the marked horizonal support
- chart similar to $ETHBTC posted before - once neckline at 501 is taken out, expect a sharp up move - RR is quite good here considering ETH leading the market already
out of all large caps altsbtc charts, only ethbtc broke the falling wedge - sky is the limit
- entry on retest of neckline - breakout target on chart
notes on chart
- overall bearish retest - supply zone between 500-555. - revisit the idea only if manages to close above 555
- RSI bottomed out on monthly with bullish divergence if stock manages to close in green this month - very high probability of stock outperforming indices
1. retest 0.236 at 6560 USD 2. close the CME gap at 7255, grab liquidity and begin markdown 3. final retest 0.38/0.50 at 5930-6000 USD 4. RSI has broken it's trend line support and should be going down in sync with spot price, retest trend line before breaking down to next horizontal support
1. BTC is forming diamond top with apex reaching tonight in next 4H candle 2. BNBBTC chart attached with fractal matching with BTC 3. breakdown target is approx 6800 USD
-- Ascending triangle on 1D is formed with height of about 3300$ -- Ideally breakout target should be 10300 $ but taking cues from ascending triangle broke out previously, target might cap around 8000 $ which acted as a very strong resistance before price broke down -- RSI could find resistance around 60 -- In case 8000$ doesn't hold, BTC could very well test...