UnknownUnicorn4034582

UnknownUnicorn4034582 Updated 

On the daily we are close to a ma cross over (12 and 26 period) - in line with a few weaker resistance levels - in the past the bulls have enjoyed breaking multiple levels at once (especially weaker ones). Also, this last move up has not given back a lot (very little retracement) - compared to the previous ones. ETH is defending the 128 with big buys and looks to...

UnknownUnicorn4034582 Updated 

Great! For those that took the short : Take some profit now, exit the rest around 3594 (remember to adjust those stop losses so you do not lose any money). I would say a nice short entry target if we manage to get back up there is 3891. I think the rest of the day will be quiet, with more downside happening sometime tomorrow / over the weekend - two possible...

UnknownUnicorn4034582 Updated 

Reasons why I am short : The daily RSI hit a top with a lower price than before - bearish divergence Daily Ichimoku is pushing down the price on the daily - this is very strong resistance 4hr is showing bulls are exhausted - increasing bear volume btcusdlongs look extended and we aren't seeing any follow through from the bulls - no momentum btcusdshorts are...

UnknownUnicorn4034582

BTC broke the triangle bullish. Currently healthy consolidation on the 4hr - declining bear volume. Also, we have a hammer on the weekly. We need to break and close above 4237 (red line) level with good volume for the inverted h&s setup to come into play. There are some warning signs on the daily - the volume isn't very convincing but it was enough to make the...

UnknownUnicorn4034582

We have the following bullish setup : The big inverted h&s pattern on the daily - that everyone knows about Yesterday's close is a bullish hammer - with decent volume No increasing bear volume on the daily We are currently above the daily 12 and 26 EMA - which will hopefully act as support A daily close above 39xx would significantly increase the odds for...