Small trade you could take, it involves Wyckoff distribution and a bear flag with an overbought 15min time frame. High chance this plays out but not financial advice, just showing reasons why i believe this move is likely. Volume is declining with this pump which is bearish. According to the Wyckoff distribution schematic, a sign of weakness should form and break...
Daily stochastic RSI is overbought so it may come back down and price may come to the bottom of the pattern with possible fakeouts. I am just throwing this out there, tons of ALTs are in the same position if not similar ready for a pump, time is the only issue, when.
So far it seems wyckoff distribution has filled out and is possibly awaiting a dump. Andean indicator shows the green uptrend has been pummeled and the downtrend has gotten above the MA line (orange) which may indicate a downtrend may come, from what i understand about this indicator.
Rising wedge with triple bearish divergence. This means tether dominance should drop as BTC domiance should rise aka pump.
Currently wyckoff distribution on the 15min for CHZ is happening, not financial advice but if CHZ has followed this schematic, now may be the time to short as the shematic suggests. Volume has declining with this move up indicating weakness. Target is a 0.618 retracement from 16 cents to 24 cents.
Massive falling wedge breakoout just like DOGE and ELON, i just have a feeling with all these ALTs getting above their 200 EMA and pumping nicely off bottom fomations. Seems like entire market will pump but gotta take iy day by day. 4hr SRSI is oversold and 15min is oversold. This will take a while to hit its target, or maybe in a day or two who knows.
Falling wedge breakout for mega gains for SLP. This will take time of course. Volume has declined, bullish divergence was forming. Weekly bullish divergence on the RSI & SRSI. Price getting above the EMAs.
Massive falling wedge, many coins are in a falling wedge. Volume has declined, bullish divergence on the weekly time frame. The daily stochastic RSI is overbought so perhaps sideways/downwards a bit before Mana sees any real big gains.
Bearish divergence on the RSI & SRSI on the 4hr time frame. Daily stochastic RSI is overbought curving down. A double top could form and bring Bitcoin even lower the this mesaured move of $19,474. Volume is declining with this small uptrend.
Potential Wyckoff distribution filling out so far, a yellow falling wedge has formed so Doge may get a pump breaking its local top with an UT and potentially followed by an UTAD and test, 15min stochastic RSI is oversold right now so id expect DOGE to breakout of this wedge at least back to $0.15 Keep updating DOGE in Wyckoff distribution. Wait and see if it does...
A bit hard to understand but its a falling wedge thats broken, and ive also included a bigger longer term yellow falling wedge since the start. Bullish divergence on the weekly.
Two falling wedge targets with price starting to get above the EMAs. Volume has declined beautifully.
Cup and handle/bull pennant for BONG/BTC which gives confluence Bond itself may be ready to breakout and beat up on BTC. Price is getting tight and volume is declining as hard as it is to see with random outlier spikes.
Cup and handle/bull pennant ready to breakout. Price is trying to get back above the EMAs. Volume has declined nicely.
White cup and handle/yellow bull pennant patterns. Volume is declining nicely. 1D and 4HR stochastic RSI low ready to go, price trying to get back above the EMAs.
3 signs of bearish divergence on the RSI, Stochastic RSI, and the MACD indicator. In combination with a rising wedge that has broken down out of the pattern, and the DXY showing bearish divergence on the weekly and vice versa with BTC having bullish divergence on the weekly. Does not look good for the DXY against Bitcoin, which is good for BTC of course.
Falling wedge which sort of seems to be breaking out, wait for a candle close out of the pattern and it may be best to wait for some sort of backtest of the wedge with a low stochastic RSI. Perhaps price will rally into the 200 & 800 EMA and get rejected and backtest/retrace while the stochastic RSI is oversold.
Cup and handle for KITTY INU against BTC, goes to show Kitty Inu could beat up on Bitcoin, Kitty Inu itself is also in a falling wedge so there is a good chance this breaks out to the upside. Volume is declining beautifully like Kitty Inu itself on this chart, Stochastic RSI is low ready to go.