Rocky_Outcrop

Rocky_Outcrop

This is the SOL/USD chart. There has been an uptrend that has evolved into sideways price action. As with all crypto it is wise to take the lead from Bitcoin, so monitor that for any signs of break ups/downs. In this chart we have a large triangle pattern drawn over the recent price action. There are two Fibonacci retracement tool measurements too. These...

Rocky_Outcrop

Rocky Outcrop Flash target at $3.68 on the 4 hour TF which is also where the downward sloping supply line is (orange) and the 200 period SMA is. Its a good target. The W pattern has been repeating on this chart for a long time now, you can scroll back and see several of them at all the recent swing lows.

Rocky_Outcrop Updated 

This is better.

Rocky_Outcrop

4.414 fib level.

Rocky_Outcrop

That price action right there is saying "oh I no feel so good, I need to lie down" and it has been doing just that in a trending format since the highs at 42k.

Rocky_Outcrop

This is testing

Rocky_Outcrop

Measured moves from Triangle break. Bullkowski Textbook v 100% Measured Move. If this happens to be a local high look for divergences. Also check the price relative to BB on 2 hour, for example. Easy to see if failure occurs of any potential trade making for relatively low risk. Not financial advice. I tried to get the yellow measuring sticks to line up neatly...

Rocky_Outcrop

Outside BB on 24h. Either we trace on up or this is getting a 10% min move.

Rocky_Outcrop

Wedge, Measured Move (looks so large as on log chart). Key levels in traffic light fashion.

Rocky_Outcrop

A picture says a thousand words.

Rocky_Outcrop

Simply switch this LINKUSD chart between the log and linear scale to see an ascending broadening wedge turn into a parallel channel. A nice example of this perspective.

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But the trend is your friend in the mean time, obvs.

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What are your thoughts?

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Where next?

Rocky_Outcrop

Hi, my name is Rocky Outcrop, you might have heard of me before although I have no following here on Trading View! So follow along for ideas from time to time. Hit like and share this one if it is interesting. Will it definitely happen? No, But the picture shows the story of three shorts which could be taken from the top of the PRZ on the Shark Harmonic pattern....

Rocky_Outcrop

Simple moving averages (50,200) golden cross most likely to occur 30th July

Rocky_Outcrop

Either an exchange being hacked for a tiny tiny percentage of the market cap made 6 month lows for BTC or something else is going on. This chart is something I believe we have all drawn so I am curious why people are looking at some exchange hack as the reason for the price drop.