masterb369

masterb369 Updated 

The break down from a 6 month channel is very likely to play some more downside for ethereum. there is confluence with the volume profile point of control at 3236, 200 daily MA and measured move from a bear flag. if that support fails, then 2800 will be the next major level of support. Either levels are candidates for points of reversal to the upside.

masterb369

Eth is in a very steep ascending channel within another ascending channel. I believe we may get rejected at the upper end of the larger channel and break below the smaller channel down to the 4k level which was the last major peak in September. if we do reject up there and draw a fib retracement, 4k is the 0.618 fib level. just a thought. 4k would also be the...

masterb369

Cardano has been one of the major cap coins that have been very suppressed thus far. It's forming a descending wedge pattern and its breakout is almost here. Measured moved targets based on the wedge is $3.15 Measured move target based on the bull pennant is $4.10

masterb369 Updated 

target is between 0.00005300-0.000056000 based the measured move of the bull pennant it's been forming. also coincides with the 1.618 extension. looking to buy back around 0.00004400

masterb369

TFUEL has been consolidating in a symmetrical triangle since may. the measure move target is 96 cents. thats only the first target. really bullish on this one.

masterb369

measure moves based on the symmetrical triangle and flag pole, correspond with fib extensions. more accurate targets depend on the actual point of breakout.

masterb369

When we rejected at the 200 EMA on the daily, we didn't think much of it. We laughed at the death cross on the daily thinking it would work as a bullish signal, it did not. And now after China shutting down miners news and that big red candle close on a Monday, most people agree some further continuation to the downside is implied for the next few days. I hear...

masterb369

BTC losing its virility by making marginally higher highs and higher lows. it's looking a lot less like an erect penis and more like a limp dick. Also BTC on the daily broke below the 55 EMA (lowest EMA on the ribbons) of which it has not done since September 2020. and after it did back then, it went down to test the 200 EMA. Currently, the 200 EMA is sitting...

masterb369 Updated 

I'm thinking we retest the 0.5 fib level and move like we just did between the 0.236 to 0.382 levels and reject around the 9100 resistance from the last double top. Go down to 8600-8400, reset the RSI, give some Bart simpson haircuts, maybe test the log trendline or bounce off the kijun and go back up to break 9100? eh ehh ehhh?. Bullish overall.

masterb369 Updated 

We have very high resistance above 7k right now. there's a sysmetrical triangle forming and a very thick 6 hour cloud above it. Shorts keep going up which might cause a pump to shake them out but i doubt we'll go above 7k and break up from this triangle. Targeting around 5400-5500 for a bounce before we go further down to perhaps 4800.

masterb369 Updated 

A few days after we had the death cross in 2014, we made a lower low which completed wave 5 of the downtrend. What followed was the ABC correction back up. the A wave bounce to the 50 MA, came down, price broke above 50 MA (wave B) and peaked at the 200 MA ( wave C). Bottom Target is just a crude approximation