ZenitCrypto

ZenitCrypto

This is the time to buy. We're likely to bounce off the 200 Week Moving Average. While we might get a wick lower, who cares? This is a golden long-term opportunity to buy BTC. This is such a simple trade. I'm personally deploying a lot of capital into this one.

ZenitCrypto

How many times can we poke support of this upward channel until we collapse a leg lower? There's a head and shoulder within this channel as well. I think the crypto market is becoming irrational. While the DXY has hit some resistance, why would the dollar continue to lose value in the macro picture if the fed is taking drastic monetary measures to reduce...

ZenitCrypto

I'm looking at some on-chain metrics such as dormancy levels, and I think if we can manage to decouple, it looks like a possible entry to accumulate. I see some bullish div on the RSI, so I'm going to be searching for some confluence in the upcoming days. On my previous weekly chart, I showed an Elliot wave scenario and mentioned I'm going to be looking for more...

ZenitCrypto

I believe that watching the US10Y is a great way to gauge what's happening in the equity markets. As we've been witnessing, stock valuations are being compressed and investors are feeling the pain. I've been watching this chart for a while, and you can see that the 10-year Treasury yield is nearly at 3% and is at 4-year highs. This is something to definitely keep...

ZenitCrypto

Here's a possible scenario from the chart using a common Elliot Wave pattern. The dotted lines are support/resistance in confluence to the VPVR. Whether or not this plays out is dependent upon geopolitical concerns, and how the market responds to the fed increasing interest rates by 50 basis points next month. I will personally never sell the bulk of my Bitcoin,...

ZenitCrypto

Bullish divergence on the MACD Histogram, and RSI. A clear break above the wedge with volume confirmation, and I'd put in a long.

ZenitCrypto

We've been seeing AAVE do a whole lot of nothing for a while. I'm seeing on bullish divergence on the MACD tagged with a bullish cross. RSI is showing bullish divergence too. I'll be on the lookout for a break above this descending channel.

ZenitCrypto Updated 

Here's another symmetrical triangle setup. Bulls need to push through these SMA's. Watch for volume to confirm the breakout.

ZenitCrypto Updated 

Watch the smaller time frames to spot the breakout.

ZenitCrypto Updated 

This is a textbook symmetrical triangle. It looks very similar to what my recent BNB/USDT setup just did. This is a mid-term hold idea. A strategy could be to accumulate every touch-point on that bottom trend line. Pay close attention to volume, SMAs, and any Bullish Divergence on the smaller time frames to nail this breakout. I tend to keep my TA basic, and...

ZenitCrypto Updated 

This could be explosive. SMAs are in perfect alignment for this reversal pattern. We're also above the point of control on VPVR.

ZenitCrypto

There's possible confluence with the 1.618 fib level and the measured move for the inverse head n shoulder. What do you guys think of this idea?

ZenitCrypto Updated 

There's volume confirmation on the 1HR. Bullish Div on the stochastics and MACD hisogram

ZenitCrypto

That bottom trend-line only has two touch points, but pay more attention to the upper trend line. Bullish Div on MACD and Stochastics. BTC is likely going to drop over the next 24 hours, and I would personally enter in on another possible retest.

ZenitCrypto

Self-explanatory. I'm going long.

ZenitCrypto

I spotted a bullish pennant with bullish divergence. BTC just closed above the daily 21 EMA, so it should be moving up in confluence with some of these blue-chip alts. Hopefully legacy finance doesn't mess with what's showing on the charts.

ZenitCrypto Updated 

This depends on what direction bitcoin will move. Got a nice looking symmetrical triangle here. These tend to break up in a bull market. You could either short or long this breakout, but I'm personally going long.

ZenitCrypto

Look at this beautiful falling wedge on the daily. Huge upside guys. I think alt season is coming if BTC consolidates.