SickNick84

SickNick84

im currently playing with the idea of this being an inverse head and shoulders. if the neckline is broken then this is how id expect it to play out.

SickNick84

Here we can clearly see some form of Wykoff shaping up. Given overall market sentiment and fundamentals (with regards to regulation and ETFs) im biased towards being bullish. That being said im betting on this being accumulation rather than distribution. On the 4H chart we see a slow bleed down below ST at SOW which spent some time around here under accumulation...

SickNick84

Could this potentially be the start of the next leg up??

SickNick84

Head and shoulders forming on a key level, divergence present, dollar weakening. Bullish

SickNick84

Picture perfect double bottom bouncing off of support

SickNick84

i have a bearish opinion on this one... trendline break with conflunece of averages/ S/R levels and trendline as potential supply zone.

SickNick84 Updated 

Long or short? wait for the break to confirm.

SickNick84

Don't copy me, I'm an idiot.

SickNick84 Updated 

What you see is what you get. A close above the supply zone (resistance) will shift my sentiment from neutral to a bullish one

SickNick84 Updated 

Will today be the day that see's XRP breaking out and making a new All Time High? I Personally think so, how about you?? 27.2 and 61.8 fib extensions are my two price objectives.

SickNick84 Updated 

Here we can see Dogecoin has coiled up into the apex of a triangle and broken out to the downside. Im expecting a retest of the prior lows

SickNick84

Here we can see a double bottom forming on the neckline of a larger double bottom. good confluence of support here consisting of a trendline, support level, fib level and the whole number 320.00... if 200ma is broken we could see some good upside towards fib extension levels 27.2 and possibly 61.8

SickNick84 Updated 

ABCD pattern completed following last weeks selloff caused by Bitcoin's Correction. Im hoping for some short term Bullishness up towards the prior High, i think If bitcoin can hold stable and bounce around in a little range then alt coins could get a bit nice little boost, but im honestly an idiot so don't take this as advice, i could be entirely wrong.

SickNick84 Updated 

I will be entering on the break of this pattern, if it fakes out out and falls i will immediately close my long cover the trade with a short. 2% risk, with a 1:5 RR to the downside and a 1:6 RR to the upside

SickNick84 Updated 

BOOM! We have a breakout on the cards!

SickNick84 Updated 

As you can see, a breakout looks underway...

SickNick84

Here we can see 5 waves up from the low, we could be due a small pullback/consolidation before we have another run up. we can see divergence on the RSI indicator showing divergences between wave3 and 5. Price is currently at the 618 fib extension of waves 2-3, which is an area that could bring supply into the market

SickNick84

BNB is setting up for either a breakout to continue up, or for a retracement deeper to the 50 fibb from where it could finish the ABC correction which would also set it up for the next leg up. One to watch closely in my opinion.