watch out for a fake break above that last high and a pull back back to the median line/14 ema/ fib or prior res turned support... too high now. unless you are just holding... does not look like new capital being drawn into the market. This lack of demand can really turn this over... preserve your capital GL
looks like some large buying came in... maybe soon ready for mark-up.. once the seeling goes away, away she will go into the supply zone... possibly ;) GL
Quite a bit of profit taking. Does not mean the trend is done.. but there is weakness coming in and that last high may drive the price down into at least a 50% retrace. look for SOS (signs of strength) MFI setting are at 7 with a 50 EMA overlay. Very useful in pinpointing accumulation or distribution zones. but you need to read the volume. The linear...
... volume is the priority, div for confluence/additional warm and fuzzy! Gl
i'm using coin-base for the volume data. Buying and selling looks very mixed. however, still in an uptrend and behaving like one.. just watch those supply zones up there!! wait for those pull backs into areas away from all of that (if you are only able to long).. shorting during this uptrend is very high risk.. Watch the volume. Good luck!!!
looks like a test is going on around the AR.. could become a DBL BTM .. have to wait for the selling to dry up and maybe see another surge + ... Have to look on the news to see what SM wants to do... GL
now why would you chase?? Im more than happy to sell up here.. Although i'm not in this (my conditions were not met).... let's try again... get away from those highs before going long. Volume.. its in the volume ! Good luck all!!
more hypothetical targets if conditions are met. too high now in my opinion.. must wait until after profit taking and look for signs of demand at the lows.. GL!! (very strong momentum up-trend consistent on daily and 1 hour)
Maintain chart awareness... Entering into a Fib area, watch for profit taking and pull back for higher prob entry... too late now! Let 'er run! GL
Daily is still in an up trend structure. BTC 10% TR. re-accumulation... SM appears to be re-positioning long/accumulating.. no substantial profit taking at the highs x 1 hour chart ( as far as i can tell). Plausible to see another leg into the highs here if this marks up into another TR. Look for profit taking (wide spread, high volume with wick rejection...
looks like demand coming in at the low without much pressure coming in from the supply zone. keep an eye on the hype!! GL
oh and hit "inverse" on your chart for accumulation... VERY oversimplified.. Good Luck
GL!! look for your signals... this is still in an uptrend big picture wise... But anything can happen- (use volume) GL
Still up trending. Structurally looks like it could make another leg into the highs... but use caution due to waney demand. Wpuld wait for confirmed SOS !! GL
nah... I don't like these prices... I want them to go lower, then maybe ill consider buying this. watch the news cycle carefully... there exists hype now... ask yourself why that is? SM has accumulated large positions during the last 12+ months as they shook out all the weak hand holders (myself included). clear path for them to mark up prices and take...
profit taking activity present. still uptrend structure on the daily. wait for pull back and SOS before risking long.... ignore the hype and listen to your chart... Who are you buying from if you buy now? Crypto is still a slow roll and anything can happen with volume.... buy low sell high GL
Too late longs entering here long is 10/10 risk .. very low probability in your favor SM is 1-2 steps ahead.. too late! wait for next pullback and test .... or not!! GL