RiskCity

RiskCity

PEPE looking like an inverse head & shoulders pattern my friends. We got a neckline at 0.00000175 So Breaking that level and staying above it could mean PEPE reaching price targets of 0.00000289 REGULAR OR 0.00000517 LOGARITHMIC

RiskCity Updated 

Explaining the idea of why I expect BONK to fall further. Trend : LH's and LL's, peaks getting lower and lower, tapping into the floor of 0.00001 Volume peaks : I've marked the peaks with a red "X" both on the price chart and volume. Decreasing volume : Every time a peak has been made, volume as fallen, and so has price. See the red arrows on price and...

RiskCity

Trading is hard, so let's try to keep things simple! This is a chart representing one of the most successful memecoin. Right now it's bounced from the 0.0..140 area it has respected. If you look to the left, this has been a significant level. The chart also seems to be making a bottom-like pattern. Taking all this into account, PEPE has a pretty good chance of...

RiskCity Updated 

Hello friends! This is a continuing part of the previous analysis I made on BTC & OBV, which turned out to be accurate. In this analysis I'm observing the OBV range again, but now from the upper part of the range. For the past year, whenever OBV has made it to the level it is now, BTC price has either stalled or dropped. Which will it be now? If in case we...

RiskCity Updated 

Just sharing my idea of a possible H&S pattern, which could be triggered once BTC breaches 25K level. This then could take us down to 18K's. That's a big drop. On a larger scale, if we are in an accumulation pattern before a run up, a dip would look better on the grand scheme of things, in my opinion. H&S pattern would be less probable if we can get up to...

RiskCity

What is an OBV? The On-Balance Volume (OBV) indicator is a tool used in trading to gauge the strength of a price trend. It does this by tracking the cumulative volume of an asset over time. When the OBV rises, it indicates buying pressure, suggesting an uptrend. Conversely, a falling OBV suggests selling pressure and a potential downtrend. Traders use it to...

RiskCity

Yen has been weak across all other currencies. Sterling has had one of the best performances against it. Will it continue? We shall see. The chart favors continuation in my opinion, even though we are witnessing a rising wedge formation, which typically breaks to the downside. There are times also when it does the opposite. Also take note of the similar type of...

RiskCity

25K - The second most important level after 30K (which BTC rejected from - link here ) 25K is the neckline of inverted Head & Shoulders pattern, which if completed, could see BTC heading towards 34,5K (regular) or 40k (logarithmic) target. After coming into contact with 30K level, BTC has drifted down in an descending channel or a falling wedge, making it's...

RiskCity

Now you might've read the title and thought to yourself, this guy said so, therefore it should happen! NO This is not the case. More accurate title in trading terms would be "what goes up, could come down", as there are no certainities in trading. NEVERTHELESS Seeing that Pepe is having trouble holding the 0.0..015 level as support, it could mean the next...

RiskCity

The 30K zone has been a significant support in January and summer of 2021, marked with green circles. Until the Bear Flag breakdown in May 2022, highlighted with a red circle. Fast forward a year and BTC has approached the area once again. From a higher timeframe it may seem as a Break & Retest of previous support as resistance (which it may well be). BUT We...

RiskCity Updated 

Not all rising wedges resolve to the downside. Sometimes they are just volatility squeezes into trend continuation. I know the main trend on this BTC dominance chart is to the downside, but let me explain. In the chart above the BTC dominance has made 4 consecutive lower lows, which indicates of exhaust to go lower in this case. One could also say that the...

RiskCity

Trend - Bear Chart pattern - Bear Flag Target - around $800 KISS - keep it simple stupid

RiskCity

PUKE! Like highlighted on the chart with the red circle, price grinding on a trendline in that manner could have severe consequences, to the downside. The trend is bearish and the possibility of a break to the downside is high. CPI data released on the 13th could very well be the trigger of it. I've also charted this in log scale so it would be easier to see...

RiskCity

From my latest idea, BTC PA has morphed from a flag to more like a broadening structure, the idea remains the same though. On the 4hr chart we can observe that the OBV has lost the levels it made when BTC made a low around 18600, suggesting more downside.

RiskCity

Expecting the burn mechanism implement to be a sell the news event. Also notice this bear flag on the 4H chart. Targets down at 0.00016 & 0.00013 area.

RiskCity

BTC hanging on at a key 20K level. Bear market so far for BTC has represented several bear flag patterns. Will the one we're currently in resolve to the downside also? My bet would be yes, looking at the OBV indicator that traces real time sell and buy volume, troubles to get over a level it has used as support previously - suggesting that selling volume is...

RiskCity

Possible inverted H&S on Bitcoins dominance with neckline being around 1250 and target at 1335.

RiskCity

BNB looking soft against USDT. Rising wedge structure into key resistance area (340) Now a smaller wedge seems to have broken to the downside and retested. Targets below where price has shown confluence.