Nutty_Trader

Nutty_Trader

Algo chart looks very similar to the ADA chart before it went on a nice little run. We have formed lower lows in price but we have higher lows on the RSI. 1.25 would be around a good entry point.

Nutty_Trader

Bitcoin has failed to find support at any moving average and cant even break above the 9 day MA. This is a troubling sign. I feel pretty confident that we will be testing support between 39.5-40.5k. If it fails to hold up then things could get ugly quick. If thats the case then we could easily see a heavy plunge down to 28.29.5k.

Nutty_Trader

I expect Algo to move sideways for a couple of weeks here between 1.42-1.58. If it manages to break to the upside expect 1.80 to serve as strong resistance. If it breaks to the downside expect 1.23 to serve as strong support.

Nutty_Trader

ADA has formed some bullish divergence. If we see a bounce to the upside from here there is resistance at 1.45. There is even stronger resistance around 1.80. If the market as a whole continues to slide ADA would most likely find strong support between 1.00 - 1.05. If it were to reach that area it would be a great time to enter a position for a potential 40% gain....

Nutty_Trader

We see that LUNA has reached the top of the rising channel that it has been trading between. It also coincides with the 1.0 fib extension level. I think that we could see a pullback here to the 67-70 range. Im going to wait for a weekly close before entering a position but this is ones that I will definitely will be keeping on my radar.

Nutty_Trader

BTC is showing some hidden bearish divergence. We had a breakout of the downward channel. I would expect a retest of the top of the channel around 47.5k before we have a chance of moving further to the upside.

Nutty_Trader

We saw a nice bounce off of the 100 day MA. If we are able to push up through the .618 fib level then I would expect a nice run to the .5 fib level. I would wait to enter until we see a convincing break above the .618 fib level with volume to support the breakout.

Nutty_Trader

Algo is currently fighting to recapture the 200 day MA as well as the .618 fib level. If it doesnt manage to break above both then we could see a drop to the .786 fib level around 1.10. I would wait to take a long position until their is a convincing break above the .618 fib level and 200 day MA.

Nutty_Trader

Bitcoin is showing some positive signs. We have formed bullish divergence on the RSI. We just need to hope that the 50 day MA doesnt cross over the 100 day MA. Last time that we saw similar bullish divergence BTC saw 100% gain. We can hope that something similar will happen this time around but we need to recapture the 100 day MA while holding the 200 day MA. If...

Nutty_Trader

Next levels of support are 37k and 29k. There is extreme bearish divergence on the weekly chart. Things definitely dont look good.

Nutty_Trader

Im looking to enter a short position around 52K with target area around 46k. I think we are currently just retesting broken structure and we will continue to the downside.

Nutty_Trader Updated 

Double Bottom with bullish RSI divergence, we can enter here if BTC holds up and look for a nice 20% profit. Just wait for BTC to stabilize before jumping in.

Nutty_Trader

This can really go either way at this point. It seems we have a clear cup and handle pattern that was followed by a breakout and now we are currently at the retest of the neckline. On the other hand, there is Bearish RSI divergence and we really lacked volume during the breakout of the neckline. I charted the 2 scenarios that I think we can see play out. At this...

Nutty_Trader

Bitcoin has formed a double bottom with bullish RSI divergence...I would look for it go to 60.5k and try to break the downward trendline. We are still overall in a short term downtrend for now. Thanks for viewing my post.

Nutty_Trader

Bitcoin looks awfully similar to a pattern that we saw play out before. We have the same rising wedge, as well as the same bearish divergence on the RSI. My best guess is that we will find temporary support between 46.7-51.5K before we retest the 61k range. I think we will then continue further to the downside. This is all hypothetical but if i had to guess this...

Nutty_Trader

When looking at Pirate Chain we see that it has formed a double bottom. It has also formed BULLISH divergence (Lower Lows in price - Higher Lows On RSI). Privacy coins will explode in the upcoming months with increasing government regulations. Volume has also begun to pick up. I dont think that Pirate Chain will go much lower from here, so I am going to go ahead...

Nutty_Trader

A sector that is definitely being overlooked right now is privacy coins. As government regulations will undoubtedly come raining down in the future, privacy coins will just continue to increase in popularity. Greedy governments HATE privacy coins thus why the IRS has a issued a $625,000 Bounty for breaking Monero. THIS IS BULLISH. They want to take down privacy...

Nutty_Trader

Silver is looking strong, we have had a breakout of the downward trend line as well as a nice retest. Currently looks to be forming an inverse head and shoulders pattern. Needs to break above the neckline around 24.80. If it is able to break above we could easily reach a target of 28.00 - 28.50. Thank you for viewing my post!