See previous post
I will let you figure out what to do next.
-riding the middle of BBand(20MA) since forever history
-engulfing 2W candle
STOP LOSS: NONE
Im here with another call.
The same call I made in
Just like last time:
-We have a long period of Going down, on avg we only have 4-6 weeks of going down, this ones been a little bit harder than before(around 60% retracement compared to 45-50% last time)
Assuming BTC does do a wonderful belly flop, which it might.....
LINK has a very decent chance of bouncing here. I think worst case we wick to 2.08 > 2.02(maybe we see a quick high 8ks BTC)
But we have retraced greater that 50% from ATH USDT, and about 42% from ATH Sats
Usually in the past we retrace about 35%-38% in Sats and around that much in USDT.
Please excuse the mess of a chart,
But the pink dot = 200EMA
We have bounced in recent times off around 30 RSI on the 4hr and the 200EMA in tandem
Also the Stoch RSI looks pretty similar to previous movements
If we dont pump out in the 24-36 hours, I could see a downside of 18600 sats again(ex-ATH, we like to touch those every now and again)
I kind of wrote on my chart what I am looking at,
But with potential Main-net end of Q2(as soft-confirmed by team) consensus around the corner, itd be pretty bad idea not to have a bit of $LINK
Seeing previous price action and the potential behind the tech. No brainer
I think we could see sideways action till April/May.
Historically Q2/May is a very good Q for crypto(like last year)
Just kind of noticed this gigantic what I like to call Inverse "Square and Shoulder" formation(as we love to Trade in BARTS it seems.
Just a THOT.
I have developed a system of previous pressure points on BTC/crypto currency that I use for trading
36/46/56/65 RSI are my markers. works best on 30mins charts and higher. The higher the more accurate in my experience.
Let me explain shortly these indicators and what they mean to better understand my point of view.
Lets assume we are starting from 0 RSI and we...
Very simple post,
We see on the 1hr chart, previous times that the 50MA(dotted red) has risen above the 200MA(green) we have seen a decent if not massive boost.
This should not be any different.
Trade well, go long.
Is #BTC getting ready for a sicko bull run?
I think so
1) Stoch RSI is getting very low, if not already reached bottom and getting ready for take off
2) Reg RSI is looking to bounce of 56 RSI(bullish) and rocket off with a nice W formation
3) We've been getting higer lows consistently over past few months. While the last bear market lasted 2.5 years that was...
We are just a smidge under the 50MA on the 1Week. In the history of 50MA on 1 week we seem to have always not dropped below it, so I would assume this could be a major sell indicator for whales if we stay below it for too long.
My RSI indicator of 46 we seems to be holding the line(when we see 45 below it might be time to sell)
StochRSI is looking to swing up,...
As we can see with the dotted red line has held before and continues to hold even here.
If we go too low for too long(unlikely IMO) it might be a good time to tether.
I would not tether at this point.
If we look at the RSI, we have been bouncing in between the 46 and 56 zone( i call this the sideways zone) neither bullish nor bearish.
If we break 46rsi...