Ant’s RSI and momentum is starting to show bearish signs. It’s also breaking down from bullish trend line as well. Wait for the 1hr candle to close to enter a short. The minimum take profit for this short is $6.35
The 1hr and 4hr RSI’s are calling for a retrace and this is my long term target. Momentum is also slowing down, so I’m looking at the 15 minute for an entry. IMX looks like it’s struggling to break this zone and it looks like it’s going to double top.
ICP has been consolidating for its next pump. The RSI and momentum is going to push ICP up to $25.5. The 4hr looks really bullish, so this is a solid entry.
The height percentage of the cup is calling for this target at the very minimum. The RSI and the momentum are calling for a retrace. This short will play out once Bitcoin closes below 36.6k. With all that being said, this trade could be invalided if Bitcoin bounces off the cup support and shoots back up.
A couple of days ago I told y’all that I expected a dump on Jan 30th (go back and check). Bitcoin just closed below the bear flag and it seems like momentum is slowing down. The RSI’s are also indicating that a reversal is coming. The target is 30.5k by Feb 4th.
There’s a lot going on here, so let me explain in detail. The red line is the downtrend from the 69k top, the yellow lines represent the bear flag, and the blue lines are my target. My TA strategy is based on combining multiple ideas to create the most probable outcome. I combined the downtrend along with the bear flag to see when the price will fall out of the...
Bitcoin has formed a bear flag and it’s momentum is moving to the downside of this flag. This could get ugly real fast if it breaks out of this flag. The 4hr candle also looks bearish as well, so my target is pointing to 30.5k at the very minimum. I closed all my longs in profit and now looking for short entries.
ICP’s breakout from the handle failed because Bitcoin dumped. All indications are calling for a bullish breakout to this target. I expect ICP to run from here. Use the 15 minute to find an entry.
This cup/handle on the 1hr is calling for 39.4K, but it looks pretty weak if I’m being honest. The cup and handle breakout would’ve kept pushing price up, but instead it’s momentum is weakening. All Stoch RSI’s are cooked as well. It’ll be a bad sign if BTC breaks the cup support and falls through. I’m still short but I’ll have my stop loss in case BTC finds some...
BTC hasn’t been able to close above the downtrend in months. I don’t like shorting Bitcoin, but everything is calling for a retrace. Just look at how many times its been denied an uptrend breakout. Bitcoin doesn’t convince me unless we get a daily close above the downtrend (37.6k).
Let’s keep in mind that I’m being logical not emotional. Historically, BTC crashes 75-80% and that puts us at 12k. This chart is all based off of major support lines, so this could play out if it’s really over. It seems like we can go straight to 29k and see a small rally (bull trap) from there up to 39k (new resistance). Then we can continue to make lower highs...
I saw this inverse and the height percentage of the cup called exactly to this target. I ignored it because I failed to see a scenario where BTC would break the September lows. This is a reminder to always trust your TA and don’t go with your gut. With all that being said, we should at least get a relief rally at this target. Another possibility is we could just...
There’s a lot going on here, so let me explain. Inverse C&H’s are really bearish in a downtrend, but a bounce at the cup is really bullish though. A couple of weeks ago I posted that the handle was going to test 41k (cup support) and it did. Notice how Bitcoin has wicked but hasn’t closed below the cup support. This is a sign that we have a lot of buy pressure at...
This stable coin is ready for another run. Ada has been cooling off for 2 days. All RSI’s are ready to pump Ada up to this target. Use the 15 minute candle for an entry and ride it up.
Sol has been on downtrend since December, but it looks like it’s going to try to break out of it. All RSI’s have momentum to push this passed the downtrend. Keep an eye on Sol because it’s about to fly.
It’s time for this stable coin to come back down. This is the target for my short. All time frames are pointing to the downside.
Every time frame on CHR is cooked and it’s pointing for a retrace. The 1hr RSI is so most obvious one at the moment. I have outlined my TP, so enjoy this easy money.
As I’ve stated over and over, I still expect this inverse cup to play out. A sign of a bullish reversal will be if bounce at 41k. The 37k target (unlikely) is based off the height percentage of the cup added onto the cup support. I don’t see how we go below 37k in my opinion. These are two scenarios that are a probability. Having said that, I still believe the...