If this is confirming itself to be a fakeout into a "V" reversal back into the bearish channel, than the wick up to $9k was confirming the UTAD bearish setup in which it signals the market has reversed
DASH has always been the predictor for the alt market. and this chart says It's time to start scaling into alts,
DASH is the only coin/chart that presents an accurate golden cross on the main EMAs
There is much more upside potential in it than falling below current support levels and making new lows, however this is all under the basis that the true golden...
Is NEO relatively a good entry at this stage?
Unclear at this point, however it 's a bit early to start buying when we break out of the structure at the 0.236 and quickly return to the "support"
The 0.236 is a fib where most shorts place take profits/cover their positions, however it is sometimes used by algos to prevent them from profiting any further on the downslide
There is a lower percentage chance of this happening opposed to a bullish test of $200 however this is the BIG bear case
Notice how the retracement of the "C" wave at $100 had no front-run/algo activity indicating they flipped long at the 0.886, this indicates that this was a liquidity hunt to stop out shorters
Ethereum overextended pump was shortly chopped back down after pilling liquidity pools from short positioned traders. Fisher transform on the daily says we topped
We can now assume with calculated certainty that 0.786 is stating that a good short entry would've been from 165+ since we will be revisiting the "support" around the 0.618 at $147
As you can see the...
Very nice method used here, as you can see the gann fan is clearly stating the linear sloped resistance has been respected from the 2000s (HENCE TECH BUBBLE)
Thus bulls have been successully convinced that AMD so that the real traders know when to act and enter short back in these high price positions. Look at NVIDIA, it seems extremely extended and is about to...
Timing the market is quite a difficult task, and in predicting tops and fully committing to a bearish trade one must be cautious with their entry and analyze the possibility of different patterns playing out on multiple time-frames. Thus the subjective nature of trading is inherently flawed to push individuals on a majority-biased position with the help of the...
A couple of technical harmonics are starting to become shown with ETH, still kind of neutral short-term as we may just range between $280 and $220.
Nonetheless, there is a bearish harmonic BAT that may complete and fake out bulls up to $280 then take out previous supports in a massive dump.
But there is also a bullish potential that we retest $186, make a higher...
Despite not being able to officially break down out of $6,000, Bitcoin is essentially showing corrective price action which was very much required from the parabolic move to $20,000 last December. However, it is now becoming clear that Bitcoin's price action is becoming expanded on a timely basis where an entire year could be a bearish period with small "bullish"...
Not Entirely sure if ETH is bearish yet would need to close below $707-710 to confirm either way ETH is very price sensitive with quick $7 moves within 30 minutes. A dream to scalp, however we have already hit the bearish target where shorts are likely taking profit
But the price action suggests ETH is snapping quickly back to $700 however it is just the market...
Bearish Retrace, then moon late may/June
We tapped a big orderblock red line that I had for a while back...trying to understand what happens, anything above is considered bull trap
Anything below quickly bearish