Here is the plan
- We have been keeping watch of the potential Inverse H&S which would complete the right shoulder around 6800
- At the completion of that shoulder we will be right around the downtrend line anchored to 20k and 9.9k , This would mark a crucial zone for BTC
- A break above that resistance would make way for the completion of the H&S which reaches a...
Bitcoin these days reminds me a lot of a soccer match. Pretty boring periods of time with neither team scoring, and then suddenly, one team scores a goal.
In the spirit of competition, we have divided the bulls (Croatia) and the bears (France) into 2 teams for the World Cup Bitcoin Finals.
I anticipate France to come out strong in the first half, but Croatia...
WABI is approaching an intersection between a long term downtrend and a local uptrend
IF we break above the down trend line there is a good Long position to take with stops sitting below the uptrend line
- exits / proift taking levels are at the upper line of the channel we are in
If we are to brake current low, this is area that I would be expecting to see bounce from.
Longs are currently pretty high up, we are rising on declining volume, if low brakes I would expect pretty steep move down to that area.
RSI is showing bearish divergence on 30 mins and 1hr, also looks like double top might be formed. So this looks like good R/R opportunity to take short in this area. Green boxes can be used as profit taking targets or as areas to look for bounce scalp, if this plays out as planned. SL should be placed tight above previous high, to invalidate this idea.
Hello everyone, so we broke our downtrend channel that had contained price for the past 2 months. Now price seems to be contained in the new ascending channel that we have been watching. Depending on whether this is a correction or an impulse, the target for a correction would be 7k and for the impulse it would be roughly 7400. Both targets are mapped out on the...
Looks like there is quite interesting volume on ARDR lately, could be that someone is accumulating, or knows something that we don't.
Some S/R areas with boxes to pay attention to.
There are no really interesting events in near future, so that makes me wonder where is this volume coming from. This is only significant thing so far:...
Very nice move up from BTC, tragically it managed to stop right at the top of our descending channel from 9900 and until we break above I will remain bearish on the corn. Our first target for this move will be 6200, at 6200 there is a potential to resume the move higher but im not optimistic about it happening. Instead once we reach 6200 we may consolidate or...