I've been asked to analyse APE so here it is my point of view.
This seems a lot a bear flag, I don't think it could be a revival triangle pattern because volume is lowering, because I don't think market has bottomed and because I would have expected a left side of the triangle to be created from bottom to top and here is the opposite.
My opinion is that this...
I think we'll see another spike over this OB (which is part of a model in MMXM) and then a dump in that green box. bearish DIV is already formed at 4h. Let's see if I'm correct, I'm still getting the hang of the smart money concepts.
So basically I'd short SOL once price reaches that OB and grab some liquidity. I think SOL won't recover much after FTX debacle and I think this market pump is just BTC making another bear flag before another dump. 1+1=2, I think this SOL pump is just a dead cat bounce.
At 4h we can already see a bearish DIV in formation but if BTC keeps staying over 17K I think...
This is my very old adam&eve pattern I identified on DXY, I think around 101 we'll a bounce back on the neckline. Probably then we'll witness total capitulation. This is a monthly chart, maybe this will take 2-3 months more.
Ok, here the daily chart:
I think that until BTC stays in green various alts could do this dead cat bounces, in this case it's too late to jump on the longs but you could wait for shorts. Considering that a pin bar (shooting star in this case) already happened below the first level at which I'd attempt a short I'd set a...
Sorry I was away for some days so I didn't post much and with the upcoming holydays I might be reduce my activity. Here you can see my new BTC levels, honestly I think BTC could not do crazy movements until after christmas because people stays at home instead of trading (in theory).
I didn't know an argentina fan token existed, I've just discovered it... however if you like mixing betting and trading you could argue that despite having a bearish chart, ARG can still push upward another day (sunday world cup will be over).
I can't make up my mind whether it'll pump if argentina wins or dump anyway because of people "selling the news" but...
I had this 2 targets for accumulating DOT and as you can see the first one has been hit, however if you check BTC I really don't think this dumping is over (here the weekly chart: ). At this point I'm not gonna buy because I expect my second target to get hit (3.68 $USDT).
This is not the bottom but we're close... let's...
I'd expect some liquidity grab and then a dump, even because BTC it's in the same situation. Probably my 2nd target is a bit too drastic so if this scenario plays out price might stop at 1st target.
Good luck, the bottom should be near.
Checking CHZ weekly chart it looks I saw this ugly hanging man (or bearish pin bar... according with your tarding system glossary). If this week closes like this I expect at least a 50% dump from current price, notice also the light bearish DIV on RSI (still not really significant). Off course we're talking about HTF so it might take time.
Moreover it might also...
LINK is currently into a 15min OB I identified weeks ago. RSI and OBV show signs of bearish DIV but I think that we can't rule out the possibility that BTC goes up to 17.9-18K before dumping again. If this happens LINK might take the green path, if BTC stops around 17.5-17.6K then yellow path is more likely.
LINK is currently ranging between those two dashed...
There's an high chance that DOT, which basically mimics BTC but with higher volatility, will go below 5 USDT and a fair chance that it'll go below 4 USDT.
I'm currently not buying to hold anything but if DOT goes to those prices I'm definitely buying some!
So this was my short setup but unfortunately when I tried to short it on Binance I discovered they don't allow to do margin trades on my country anymore.... what a joke! I hadn't traded on binance for years now so I didn't know.
What a waste of time! I hope this can help someone, remember to sed stop loss because sudden pumps are likely with such a strong trend!
Sorry for not posting many signals lately, my life is pretty busy. I'm switching my trading system toward "smart money" but I can see that identified R/S levels aren't much different (they change a bit though).
I had there those blue dashed line taken months ago when I was still using only "retail trading" like SM traders call it and look... the zone they created...
Check out these levels, that OB (purple) inside the fair value gap (a.k.a. FVG or liquidity gap) might be where BTC will stop its run upward. My bet it's on BTC stopping at this first area because volume seems to be lowering and because even at weekly it looks like the strongest green candle is already playing out.
Here's the weekly: ...
What if this plays out? It might but a C&H in formation.
I think the green one is the more likely but eventually it's up to how BTC behaves.
Sorry I didn't write much, I'm not in the mood and I think this is pretty straightfoward.
Well there isn't much to say to be honest, ETH is about to go down and even the chart itself looks very bearish without drawing any trendline. I checked with VLPR and price is currently below POC so if it closes like this I think it's very bearish.
if you draw trendline this is like a triangle which in this case is a correction in a bearish trend
Yesterday I posted a short signal on ETH but today I noticed that DOT is in the exact same situation even thought maybe is too late to enter this one.
Notice the last two days session VLPR with POC at the same level (I'm trying to implement this VLPR in my TA):
The first and very close support is 5.98USDT but I've an...