UhOh...Litecoin looks like it is retesting its breakdown...pain is on the way for LTC imo.
To be honest I am grasping at straws here, bitcoin is going nuts and I am certainly not in the knife catching business after having many fingers chopped off in the past...However, I do enjoy trying to search for a reason why the top or bottom might be in. So, here is another stab. We are up against the ascending trend line as well as the 1.618 fib extension. If...
2 day wedge plus RSI divergence is showing us signs of bitcoins exhaustion. Calling tops is very difficult I am just looking for clues, like a detective. The green wedge printed RSI div at the bottom of the bear market when everyone was SURE we would go lower. Now, greed is at an all time high (check the fear and greed index) and everyone is SURE we are going...
Xrp bear flag looking good so far, invalidation would be a break above the purple upper trendline. To be hoenst flags dont seem to play out that often anymore but I still love to chart them. Let me know what you think below.
Hello! I first want to thank all of my followers for their likes, comments and support! I learn just as much from your comments and your charts as you do (hopefully) from mine. I will be the first to admit I get the charts wrong often! However that is the nature of the beast. Today I present a very interesting bearish 3day divergence that is currently printing....
Hello all! I was searching for the last time bitcoin made consecutive higher highs on the daily while making lower highs on the RSI and I came across this very interesting confluence! The last time this pattern occured was in JUNE OF 2017. Wow. Anyways, back then , after we finally peaked out bitcoin saw a nearly 40% decline from the top. If that was to play...
No matter which way it breaks I think it will do so with force. I am not in a position and biased to the down side break. Tell me what you think in the comments below!
Ok, so maybe this isn't the "fractal of the century" but it sure is interesting! I have seen alot of comparisons between silver and bitcoin as it relates to silvers past however I have not seen anybody point this one out! Are we just a few weeks behind silver? I am not sure but it sure looks like it could be a possibility! Thanks for reading and be sure and let me...
But is it a trap? One can never be to sure about these things and some fake out wick to 8500ish are not out of the question however on the surface things looks bearish AF.
Is the top In? Well, It's hard to say of course and we have recieved absolutely zero confirmation that is the case, however, I am going to take a chance and say it is. I am putting my money were my mouth is as well, I am already hedge short on my small bitcoin stack and am going to be leveraging in short on any bounces we get. A few thoughts... If the top is...
The only thing that worries me about this bearish breakdown is the lack of volume...we should see volume expansion after the retest or else this idea is totally wrong. Very speculative play but high R/R.
I do think we could expand out of this range to the upside however I personally believe any expansion will be short lived. Ultimatley we are targeting 6400 or lower.
I personally do not believe we will see a 61 percent decline however it is the average of all the three previous dumps. I beieve 5.4k will hold us personally. Time will tell but be safe and please like and share for awareness.
To be fair, I am notorious for longing the top and shorting the bottom so this is not financial advice. However, I was recently debating a friend and looking for a reason to be bullish playing the devils advocate to his bearishness. Now, this is a highly speculative chart with loosely fit data combined with me searching for some kind of bullish bias confirmation....
Are we about to bart or about to pump? I vote for the pump the set up looks pretty nice! If we dump I will get stopped out for a small loss and ladder in higher but if we pump then its $$ time :). Let's get it. Peace
My best guess is bullish continuation. Let's see.
I think ETH is primed to make a move very soon, there is alot of support below so a move to the upside AKA the path of least resistance could make sense. Please tell me what you think in the comments below!