$RIOT such a great day! Looks like we found acceptance over this 2 month range..size pushes $RIOT over Tuesday’s high look for $7.50+. *50MA&200MA possible golden cross in play. As always manage risk accordingly.
$RIOT as long as it is able to remain above Monday’s high acceptance over the balance zone can lead to price looking to take out some upper stops. Interested in this as we see some strength in BTC carrying over to the miners.. *50MA&200MA possible golden cross on the daily. As always- stays safe and manage risk accordingly.
I can definitely appreciate the balance zone it created over the last 7 days or so..now price is looking for acceptance over $59, doing so can really get this going..
As long as Bitcoin is able to maintain majority of this momentum.. I see MARA showing a similar trend.. Next big supply zone is around $30-$32.. Some FOMO and I expect to see longs stepping in, possibly preventing the test of demand zone near $26-$27.. either way,, once we get over the $32 supply zone,, next target is $40. Good Luck ! NASDAQ:MARA
NASDAQ:MARA 3D Chart looks primed for a retest of the $32.00 supply zone above the 34EMA.. Which as we can see has been acting as resistance.. The past couple of sessions gave us a strong bounce off the demand zone at $26-$27 setting higher lows following the break of what we can call a downtrend.. It's great to see this throwback hold up and our longs stepping...
Buyers stepping in at the right time.. longs covering this demand zone.. I can acknowledge this as a successful throwback to the breakout point, and a flip of supply/demand.. I wouldn’t be surprised to see Bitcoin at $50k this upcoming week… What happens there will be interesting.. I expect price to reject the $50k level trapping some longs before shorts taking...
Price over extended reaching the 1.618 on the daily.. A lot of panic buyers out there with the fear that they might have missed “the bottom”.. Will keep an eye on the way price reacts once we reach $4640.00 CME_MINI:ES1!
Great trades made on this set up, I do expect some more red in the coming days.. be prepared and read the price action..the market likes to prove us wrong. Good Luck to All.
Nice consolidation above the break out zone, almost a successful throwback... Excited to see price reaction at $50k COINBASE:BTCUSD
Strong demand zone reached, and we are seeing some divergence, as long as price does not set a new low.. I would expect some news to provide a bounce.
Alright , so far everything looks solid.. I am curious to see how price actions behaves prior to testing the 200ma around 48k.. Ideally I want to see that test of 48k, then retracing above the breakout zone, accumulating longs above 46k to create some fomo… Then we worry about the bigger supply zone at 50k.
Looking at 46k as key level, base there and we can really consolidate, FOMO will work in our favor and longs should be stepping in..
Always remember there is a play to be made both directions.. This is not a prediction, more like an idea of what Bitcoins direction can be this next week or so... Really simple Supply and Demand, Support/ Resistance.. COINBASE:BTCUSD
$MARA Failed to confirm a double bottom reversal/ Fridays session closed with a bearish engulfing candle/RSI Breaking below 34day Support/ MACD bearish cross/ Supply was too heavy above $25/ Also the weakness in Bitcoin and The market in general are not helping.. I will be looking for a short position with intentions to take profits at the bottom of this 4HR...