Self-explanatory chart here on WANBTC EMA's are starting convergence and will soon cluster, acting as a nice support base for WAN to sit before a potential move to the upside. We still have this 200ma acting as resistance, but so far from our original entry at 1684 sats, we're having another go at a kumo edge to edge. This would be a medium term hold, so not...
Evening @everyone My thoughts on BTC, that bounce from 8800 was justified and honestly expected. What it did give me is some validation, off a Lower Low in structure. What I'm looking for right now is some form of continuation for this move, in the form of a LH (Lower High) I personally am expecting us to return to the scene of the crime of 8800 for a retest of...
Happy Sunday legends! Hope you've all had amazing weekends. BNB still looking good here IMO and any minor moves to the downside will likely be short-lived with our EMA starting to converged and acting as good levels of support and our steamroller indicator is suggesting we could move down slightly before heading up again. Looking at our Volume Profile and...
Pop goes the Walton.. (WTCBTC) Shared this yesterday with the crew and she popped 15% overnight. I did NOT take profits at that level because I had nothing set unfortunately but seeing some more BIG upside potential for Walton if these current conditions stay ripe. Ideally, I would like to see it hold the 23 (315 sats), a close and break above that would confirm...
Good morning @everyone Well well well, here we are. What we have been harping on about for the last week AT LEAST, has finally come to light. I've been eyeing out, these LH high formations since we first saw the first one emerge on the 14th of May, if I do recall seeing sentiment around the space rejoicing for another push to 10k, which unfortunately didn't...
Good morning @everyone We had a decent volume injection overnight, pushing us down, giving us a near 700$ swing. This is a good sign, depending on what side of the trade you're on. Since reaching 10k, we printed nothing but LHs, the move last night was no exception, while we have been toying with the idea of this trendline, I'm not sure how much give it has...
Posted this chart a little later than in discord, but we've had a nice reaction from this diagonal and are now moving back up towards that 100ma after finding a nice support base at that current MA cluster. Rest of the info outlined on the chart - would be nice to see a really clean Kumo edge to edge play out here, emulating a lot of the other Alts doing the...
G'day @everyone Looking at BTC again this morning. Honestly, not much has changed since our update yesterday. The volume hasn't been there to push us in either direction, but the daily close hasn't been too promising. It's looking like we're still descending for the moment making another LH on the close and failing to even close closer to that upper Supply...
How are we everyone Bit of movement with BTC over the course of last night & this morning. Currently looking at this Supply level pretty critically at the moment. Right now, we're still at the top of this run from 3-5k, our homegrown Streamroller indicator has been giving us overbought and exhausted indications of this trend, alongside the RSI & CCI indicators...
Although not ALWAYS reliable, the diamond pattern has yielded some nice results in the past and even though we've been looking for 6.2-3 level since the start of April, this gives us more confirmation of where we might be heading soon IF 6.5 can't hold. From the break down outside our target sits around the 6249, which just also happens to be our POC for this...
ALGOBTC Area to Break: 2818sats AOI #1: 3102sats AOS #2: 3290sats Trade Length: 1-2 weeks Analysis: Trending right on this POC (point of control) currently and that's acting as resistance. The scenario I've painted on the chart below is IF we can break above. This is a low cap (shit coin) so moves are move volatile, but high risk/high rewards. This is one...
Keeping it very simple today and that's my theme for the month of April - SIMPLICITY Everything highlighted on the chart, I'm still looking for 7667-7700(ish) as my area to look to scale out of any positions and wait for short ops if we move up above 7407-7440 Keeping in mind that a LOT of people are looking for that 7.8 area and there's every chance we could...
- We've broken past this 38 Fibonacci level on the daily time frame - Currently being held up at this 4H Supply Zone draw of the green candle to the left - Right now the market structure is good on the 4h, with us making a HH in the immediate term and looking now to make a HL to give us a continuation of this trend. - A move to the next key Fib level is on...
Last night during our Unity live session, we spoke extensively about this pull back potentially reaching the 38 fib retracement, which as it turns out as well is where our most relevant Demand Zone is as well. The timeframes are telling different stories at the moment, with the 4h looking like it’s due for a bit of a bounce from here, but our Daily is still way...
We've now made a LH and a new trend line drawn in, which looks to be potentially forming a descending wedge with our new green downward parallel channel support. I'm still not discounting we go over 10k again in the midterm, so don't call me a permabear, because I'm not, but for now the weakness that BTC is showing (at least short term) suggests to me we are...
Double bottom on VET and a bounce from the 61 fibs is giving us hope of a incoming run for vet and boy, do the moonboys looooove themselves some Vechain. Looking for a break and retest of this downtrend before a potential run up. Happy to take the risk on this one with stops below the 61 on the chance of another spike down. Let's gooo.
Morning all, Getting back into the swing of things now. BTC has been pretty stagnant lately, besides this recent daily and 4h candles. Maintaining this downwards momentum, I see it visiting our Demand again at around the 6600 mark. Looking at this timeframe, there isn't a lot of evidence to say otherwise at this stage. We'd honestly need a break of Supply,...
**BTCUSD** Looking at the daily demand, we've now broken it and we REALLY need to hold this area and break out confidently from this descending structure, otherwise we're looking at the low 8's / high 7's in the short term. There is a bit of liquidity, where we ranged between 7.7 - 8.4 from the 26/09 - 26/10, which I wouldn't be surprised if we revisited again...