Took some patience with this one. 4H RSI divergence into trendline break. Aiming at 470 sats as first target.
Seems pretty straightforward - massive bearish triple RSI divergence on 1D. May have a bit more juice left to push it up one more time, but until that divergence is dealt with it's hard to be a buyer.
I'm in a moon-mood today. So as BTC.D is showing signs of weakness, ETH vs BTC looks insanely good. It is my belief that ALTseason is looming and it makes sense to expect it will be driven by ETH. Chart is pretty much self-explanatory - just threw in a couple of lines there to speculate on breakout points and resistances. I think we will see that giant C-fork...
Manually closed my short for now as 4H RSI cooled off significantly, while price didn't move much. Meanwhile, bullish 1H RSI divergence is printed. Will let this one resolve itself and reevaluate from there.
Legend has it that LINK shorters will have nightmares till the end of their days... On a serious note, LINK vs BTC just needs to cool off. Bearish Chuvashov fork supported by clean RSI divergences on 2H &4H.
So another speculative chart - looking at XVG vs BTC, i would assume that accumulation is nowhere near completion. A sucessful spring into 32-33 sat area and test would get me interested to play long. For now I'm not touching it.
Back into accumulation range. + Capitulation wick - check Falling wedge - check Bullish RSI divergence on 1D - check
So another straightforward chart ARDR vs BTC. Simply looks bullish. Accumulation level reached. C-fork trendline to be broken (a bit more dowside still possible). Solid daily RSI divergence. Aiming at 600 & 900 sats as targets.
Forks.. Forks everywhere... So BCH vs BTC looks extremely good: Trednline break (dotted red line) supported by bullish RSI divergencies on all major TFs: 15, 30, 60, 120, 240. I can also see multiple C-forks on different TFs, most important being daily - if we get a close above 0.035, it would clear the way for a lot more upside.
Somewhat similar setup to NAS chart. Chuvashov fork trendline to be broken, supported by incomplete bullish RSI divergence. May dive a little bit lower, but that would further reinforce RSI daily div. I don't think bears have a lot room to play here..
got myself a tiny bag of TROY - sucessful trendline breakout and retest. Doesn't look like there's much in terms of resistance up to 43-ish sats . No interest to stay in it longer due to relatively low volume .
Not trading it, just a speculation. I threw a couple of lines in there and this is what i got :)
So TRX looks like crap vs BNB, but pretty good against BTC. Does this mean BNB will fly here..? ¯\_('o')_/¯ Nervertheless, TRX printed very clean Chuvashov fork on 4H into pennant, so i would expect it to breakout upwards.
an update to my previous idea for NAS - earlier one was done on mobile :) NAS now formed a falling wedge i with significant volume increase over last couple of weeks. any further downward movement (esp. hugging the trendline) would reinforce that daily RSI divergence.
accidentally stumbled upon TRX vs BNB chart. First thought - it just screams "Final stages of Distribution" :) Not sure if there's a way to short it on binance, the chart just looks sad. miro.medium.com
Potential trendline break supported by bullish daily RSI divergence (a bit “meh”, but shoud be ok). Clean bullish divergencies on 1H and 2H. That volume increase for the last couple of weeks adds a lot of confidence here.
BTC had it's fantastic bounce and I'm looking for confirmation for my short trade: Clear up-trendline established an broken, need to figure out the fork "angle" now. RSI divergence on 30 min is a bit ""meh" :) but given how high it went, it should be enough to support this fork.
Clean bearish divergence on 4H and bearish Chuvashov fork (almost complete, just needs to close below the trendline).