ReiX

ReiX

Yesterday in BTC we saw a clear rejection at the downward trendline resistance of 9200. This lead us to re-test the original upward trend line which started in early Janruary at 8625. Currently it looks like this trendline is breaking downward as well, which suggests that BTC may continue to drop to the 8200 level again. Failure to hold 8200 will validate a H&S...

ReiX

Shorting this as a hedge to my ETH long. Bear Div + Bearish candle close on yesterdays daily. Markets Euphoric.

ReiX

Currently Testing the tenkan here on the weekly. Looks like a TK cross is coming up so keeping a bullish bias here. The bounce needs to take us back into the cloud and eventually break out of this triangle - if it does expecting an E2E rally to 400b by June. Otherwise we may drop back to the trend line support at 200b.

ReiX Updated 

What it looks like right now Either 8.9k or 8.5k could be the low imo. Below 8.5k and BTC is bearish.

ReiX

Looking like a re-test so far. Maybe Alt season will resume soon. Break above the trend line and alts will bleed more.

ReiX Updated 

Euphoria's over and volume shows.

ReiX Updated 

Leaning bullish on Ethereum now. Trendline support has held well during this correction. Seems to be heading for a third attack on the 287 resistance. Of course, it all depends on whether big daddy BTC can remain bullish as well.

ReiX Updated 

Looking for a strong close above $10087 and S/R flip. Ideal if it happens before the weekly close. Tick tock...

ReiX Updated 

Let's see how it goes.

ReiX Updated 

Going to take a short on this one while everyone's euphoric.

ReiX Updated 

Buy the dip or sell the dip? Ethereum is at a key area right now between 266 and 276, support needs to hold in order to form a higher low with a hidden bullish div. (continuation). To me, this is the most likely scenario. Otherwise, we can see Ethereum falling back down to the 240s and potentially the 220s (double top and worst case scenario)

ReiX

Read the guide and see the examples on the chart. Like and follow for more.

ReiX Updated 

HnS - a high probability pattern.

ReiX Updated 

There is a saying that the market often gives third chances, but not the fourth. We saw Ethereum dip to the 240-245 level three times in the past two days, giving buyers three chances to pick up on the dip. A triple bottom with a bullish divergence on the 1H is a pretty convincing sign that Ethereum dip is over. A clean break of the 263 level also avoided another...

ReiX Updated 

XRP looking very similar to Ethereum. Expecting upside.

ReiX Updated 

Long term trend is still in-tact, but looks like a correction to 240 area.

ReiX Updated 

Previous H&S pattern did not play out, however we see continued consolidation within the ascending triangle with a hidden bullish divergence. TK cross above the cloud further supports the probability of a break-out scenario.

ReiX Updated 

In my previous analysis, I proposed that Ethereum is in a parabolic up-trend with a potential target of $350 by March. Many traders are waiting for a heavy fib correction to .618, which is a rare occurrence in parabolic trends. Correctly identify the trend, and you will be able to catch the dips. Yesterday, ethereum reached a moderate HTF resistance at the 278...