Sorry if there is a lot going on in this chart.
To put it simply:
- Bullish Kumo Breakout on the 4h
- Price going above previous William's Fractal
- Alligator EMA's nicely spreading out again after a rest
Opened a LONG at Market price with low leverage until we hit the next yearly pivot of 38k.
If we break this Pivot, I will add more to my position...
Interestingly, the target of the 15' edge-to-edge trade which has just been set up coincides perfectly with the 0.382 Fib Level of this latest Elon Musk induced Pump.
I wouldn't be surprised if the price of BTC falls around the range of 34'578.49 USD within the next hours.
I've taken the short. Currently in Profit.
* This is not financial...
From my analysis, it looks like an A&E is just breaking out on the 4h BTCUSD chart.
Putting the stop loss at the Kijun could would allow for a 6% pullback before getting stopped out. While the target (computed by measuring the hight of the Pattern) is at 15% percent and above the previous ATH.
Risk/Reward Ratio: 2.4
On the other hand, a H&S pattern could be...
Since January 2014, the weekly has RSI has never been this high for BTC,
the only time BTC was able to sustain an RSI over 90 more than one week was in 2013 when things looked fundamentally different then.
Every time the RSI dumped, even before 2014, it dumped drastically.
So the question you gotta ask yourself is: do you believe BTC has the capacity to reach a...
It appears that Activision is about to do a TK Recross (above cloud) on the weekly chart.
TK Recrosses are some of the most bullish signals I know, and some backtesting seems to show that it has been a successful signal for entering longs.
In my opinion, we could be about to see another TK Recross. What I find peculiar about this one is that it looks quite...