benji13

benji13

Would have liked to see a red 9 instead of a green 1 count. Lately, this has been happening especially on daily, 6 hour and 4 hour. I think it's because now that wall street is trading crypto, along with their bots it does crap like this to screw with people. We reached the bottom of the pennant , so expecting a big up move anytime now. Want to see $8,700ish...

benji13

Things are starting to look bullish now that we've broken out of the falling wedge and we could confirm a T D Buy soon. 4 hour is showing some -divergence so we could get a retest of the $8,350ish range.

benji13 Updated 

There's an obvious pennant forming, which is nice to swing trade inside of for some low risk profit. The .786 Fib and a darvas box give us an exit target that coincides with the resistance of the pennant. Depending on your risk level and or what kind of leverage you trade with, you could have entered a long once the candle closed as a green 1 count, or enter...

benji13

Bitcoin is clearly very bearish with the descending triangle/bearish pennant, depends on which time frame you chart it. But we have one last chance to get into a good short position for when we hit $5,500 on this next break downwards.

benji13

My target is the difference between the top and bottom of the descending triangle starting from the bottom of the triangle. My target also coincides with the 1.272 Fib. Yesterdays daily candle closed as a red 1 count rather than the green 2 count that we needed to be bullish. Every chance we get to be bullish is utterly destroyed. I still think we'll see 4k....

benji13

Linear scale has broken out of the wedge, but I expect price to meet strong resistance on log scale. We still have massive +div on daily time frame. Tom DeMark Sequential gave a buy on daily once the green 2 count broke the high of the green 1 count. Stop loss is below the green 1 count. Considering how close we are to resistance on log scale the risk vs....

benji13

Previous daily candle just closed above support, and with the 9 buy and the plus div we're looking at bitcoin gaining a nice 10% over the next week or so. Fib and VPVR confirm where the next strong resistance is btwn $7566-$7756. We'll more than likely reverse around those levels depending on if we close above or below those levels.

benji13

The title pretty much explains what's going on on the chart. We have +div on 2 of the 3 LB_sqz settings, and also some +div on the RSI, which isn't shown here. The 9 buy is saying this is a potential bottom. We have the potential to see $9,000+ bitcoin in the next couple weeks. I hope everyone survived the insane mainstream media FUD + death cross last thursday!

benji13

So we had an inverse cup and handle+handle, which is obviously bearish. I expect us to bounce off the bottom trend line of the large pennant we have on daily time frame. I expect bottom to be between $7750-$7650 based off the descending triangle on 15min time frame.

benji13

So, litecoin is mirroring bitcoin right now with the rising wedge, along with some nice -divergence on major time frames, excluding daily. The target range is $183-$178 I showed different areas as to where it will/can bounce, but it really depends on what bitcoin does I believe. Like always, do your own research before trading, and limit your risk. Also, HODL...

benji13

So this one is pretty clean cut and doesn't need much explanation. Wedges are reversal patterns and we look for the apex of the wedge to line up on resistance/support and as you see it lines up perfectly with structural resistance and volume-by-price resistance. Thinking it'll go to about $9300 and reverse till about $8000-8200. We also have some serious...

benji13

Here I think that bottom will be right about $7,000 where we have strong support created by the colliding of a trend line, volume support, and the falling wedge. After hitting about $7,000 I expect a large up move and potential retest of the $12,000. From there we could either fail and start a long decent back down to the 5k-4k range, or we could go up and start...

benji13

4 hour is bearish with the bear flag, which if it plays out in full effect then it would take us to a double bottom. We can still bounce before making a double bottom, but it's very unlikely. Weekly is obviously very bearish. As of now Tom DeMark Sequential has us on a red 1 count. But we have a whole week before it's set in stone. You have the bearish engulfing...

benji13

So this is the difference in scales. One is bearish and the other bullish. On larger time frames you really have to look at log scale to see hidden pivots, as you see here. I've done a few charts that show hidden pivots and trend lines you don't see on linear.

benji13

On almost every time frame we started building a lot of -div over a long period of time, and it finally caught up with the bulls. I'm showing the next major support areas where it can bounce, along with some serious -div that I have been watching for about a week now. There's an obvious M pattern going on, and it hasn't even broken the neckline yet so that's why...

benji13 Updated 

We're still in this downward channel. Those are the next supports. The Yellow support is there because there's a major volume gap at that price range. Volume gaps act as support/resistance, just look at the massive volume gap there at about $11,700. I believe once we break down to $8900ish we will come up and retest $9600ish then continue down, but nothing is...

benji13

We got confirmation, and still have really big +div, but it's still a bear trend so use a stop loss like always. Things are looking optimistic for now, wouldn't be surprised if we continued down though.

benji13

The +div and the 9 Buy Setup are looking optimistic, but weekly is still very bearish. I still think we're gonna go below $5,000, but we'll have to find out as time goes on.