TomasPrilesky

TomasPrilesky

Just an idea I wanted to share, to see if history repeats itself. The price action we're seeing is somewhat similar to just over a year ago. The candles, RSI, and MACD all tell the same story. If history rhymes, XTZ could go sideways and then down to touch the yellow support line before rallying. What do you think?

TomasPrilesky Updated 

I've been a long time holder of this coin; bought some way back in in 2018 when it was at $12, lol. It managed to make it all the way up to $18 before tanking with everything else. Given that we've already seen where it's been ($18), I'm thinking there is a ton of upside potential from $0.42, and as of late the price action has begun to stir again. We recently...

TomasPrilesky

Three reasons: 1) on the daily we just came out of a large cup and handle (you are mostly just seeing the handle on this chart) 2) on the 4H we are closing up an inverse head and shoulders 3) volume is picking up Up we go from here!

TomasPrilesky

Harmony broke out, but it's not looking as bullish as I hoped it would. I suspect it's going to go back down to touch support before it starts trending upward, or possibly sideways from there. Now is the time to wait and see. Also note the MACD.

TomasPrilesky

Yes SHIB has broken the descending trendline, but it's also repeating a pattern it has done before. I think if BTC manages to break through the $58k resistance it's hanging out under right now, we will see SHIB also break up and rally. If BTC breaks down then SHIB will follow, probably touching the lower curve line or perhaps even lower depending on BTC. Let's see...

TomasPrilesky

Lately I have taken to drawing curves on my charts to visualize the boundaries of the price action. It also helps me set buys and sells. Here I have noticed that BTC is beginning to repeat similar price action from the previous level it was on. If history repeats itself, we will get four sideways humps and then a drop to a lower level. This is just a theory, so...

TomasPrilesky Updated 

Similar to MANA, NANO will be finishing a bowl formation, and breaking a long time overhead resistance line. Two solid reason why this will likely fly soon.

TomasPrilesky Updated 

I see MANA trending sideways in its bull flag for the next 24h or so and then completing the bowl. Use appropriate stop loss in case it invalidates these formations. Don't forget this coin can pump as well as dump.

TomasPrilesky Updated 

Right now there has been a move up to form a falling wedge. Usually this would break to the upside, but the MACD and RSI say otherwise. And even if it does break to the upside, it will run into that falling resistance line almost right away. It will have to be pretty bullshit to bust through both, but we can't rule it out. I suspect it's going to want to finish...

TomasPrilesky

On the 1h we see a rising wedge, but I have a feeling it's likely going to break upwards rather than down. For one, we have a cup and handle on the daily timeframe, which we've just completed and begun trending upward. Secondly the formations within the wedge also exhibit cup patterns. A decisive move should be incoming soon.

TomasPrilesky

Chart says it all. Once price breaks upward through the falling wedge formation and confirms the previous resistance as support (the upper descending line), we can take a long position with stop loss below the (now) support. Best of luck!

TomasPrilesky

Three reasons: 1) on the 4h we have a rising wedge 2) notice the double top right behind us 3) on the daily you can see that we have three waves up, which often is followed by an ABC correction.

TomasPrilesky Updated 

Probability is that we break to the upside. But anything can happen, especially with coins like MANA.

TomasPrilesky

When zoomed way out on the entire BTC history (weekly in log), you can see that we are in a bull flag, and it's likely BTC will complete the formation before breaking up or down. I will be surprised if we don't touch the lower line @30k.

TomasPrilesky

Still in the larger channel, but hopefully we see a breakout soon!

TomasPrilesky

We are clearly in a descending channel. Until we break to the upside we are bearish.

TomasPrilesky

Possible rising wedge on Mana. Watch out bulls!

TomasPrilesky

The chart speaks for itself. In my view it will take some decent willpower for BTC to not repeat the pattern it has started for a third time in a row. $52k coming up, possibly lower.