We confirmed the weekly uptrend yesterday! This is my roadmap on the daily chart for the coming months.
It's very possible all of this might play out faster than I charted because in 2015 when BTC confirmed the weekly uptrend it went up 50% in 3 days.
BTC is looking very likely to confirm the weekly uptrend today. First 2 targets are shown in the blue boxes.
Target 1: 13488.49 - 13868.44
Target 2: 15935.90 -16174.22
After that prepare for ATHs.
BTC got rejected around the 38.2% fib retrace and is looking pretty bearish, there will be support around the 4850 level from the way up and probably there will be lots of bullish divergences.
The first target for the bounce is ~5400 on non-Tether exchanges, this is around the %38 fib level if the price goes down to around 4850.
Second and third target 5600 and...
Long 283, I found this 4H 125 EMA (~21 D EMA) , it has been very strong and accurate support this rally, also we're sitting on the .618 retracement from the rise from 272-298.
Hidden bull divs on multiple oscillators (just 3 on chart to not ruin it), normal bull div on UO showing momentum to the upside.
Also RSI and godmode levels are around the lowest levels...
Monero is breaking out of the downtrend, volume and bidside are still pretty low but in the past this has been proven to change during more volatile times.
3 day MACD turning green, the last time that happened was at the all time low, also 1 day EMA cross up and riding the upper daily BB.
There is also a rumor that a Finnish company is planning to convert their...
Price has found good support in the lower 270s, 200 day EMA support is currently at ~272.50, also support has been found near the middle BB and is currently in the positive BB zone.
Hidden bullish divergences showing up on multiple indicators.
I hope to get an entry around 275 but if 282 breaks on all exchanges with some volume I'm looking for a long entry...
Bulls have failed to show strength and Ultimate Oscillator shows bearish divergence. So we will probably retrace some more the coming days, let indicators reset before the next leg up on the daily chart.
Putting buy orders between 248 and 250 target 277-280, SL at 242
Edit: TP line is wrong, you can ignore that
Bearish divergence on the daily chart and yesterday's news fueled selloff caused a pretty deep drop, oil is about to break major support.
Looking for a short entry around 56 if 56 is it broken, target 48, SL 60, P/L ratio 2:1
Found strong support on the 0.5 fib level from 239>269, Ultimate Oscillator and OBV trend break is forecasting a next leg up, MACD will take some time to cross, has just crossed on the 1H.