joeyvalentino

joeyvalentino

I have been tracking this setup for a couple days now (link attached) and everything has been playing out. I am waiting for break to come up and retest that Key Market Structure Resistance and face rejection and rip to the downside as this area has confluence with the trend line. Also BTCUSD price failed to break market structure resistance and is beginning to...

joeyvalentino

I am not one to tell you where Bitcoin will go over the next few months but according to market structure and weakening in the retracement waves i have reason to believe that BTC will respect the descending trend line and breakout out of the wedge towards the downside because price seems to have weakened trying to break the Market Structure zone and couldnt even...

joeyvalentino

wait to see how price consolidates before buying...

joeyvalentino

I am not going to go to deep into this because there is alot and probably even more to it than i could even begin to imagine however there is a clear pattern here ... price is weakening and exhausting at the daily resistance which is a super key area. price is weakening as it is trying to breakthrough... also price is so weak it doesn't seem to have pulled up to...

joeyvalentino

First of all we just saw XRPUSD begin to weaken and breakdown respecting the same trend lines. the technical analysis indicates a potential long term short. Also something that i had not noticed earlier, Bitcoin is exhausting right at a key level of daily resistance and experiencing rejection as it struggles to break. It is my opinion that the bearish momentum is...

joeyvalentino

price shattered channel support and retested. i want to see price break down. bitcoin is right at a key daily level of resistance and i am also expecting for it to begin breaking down soon as it has lost momentum towards the upside at resistance. this is speculation of course, just putting an idea out there but ya im calling a short on this one. looking for good...

joeyvalentino

If price holds that support and respects the trend, we could see a nice push for the 5th wave, at which point i would be searching for confirmations of reversal to begin the ABC corrective wave.