nagihatoum

nagihatoum

Within an ascending channel. Will test triangle's resistance. if rejected will drop to support.

nagihatoum

Will move up to touch resistance at around $5. If rejected it will form a bearish divergence which will certainly send price down to the wedge support.

nagihatoum

Classic interpretation is that a downtrend will start next week. This week candle can fall to 8850 and still be a positive 9. However last two times a weekly positive 9 was printed prices kept on rising till 13.5k, ATH of 2019.

nagihatoum

if prices don't rise within an hour. As always, this usually mean a small drop then upward trend to close the gap. Unless something dramatic happens like dropping out of the rising channel.

nagihatoum Updated 

Bearish divergences on the 30 minute RSI, should drop from here but looks set to go up and test the triangle resistance and print a third bearish divergence.

nagihatoum

The last two times the index was rejected by the channel resistance cryptos fell dramatically. We can see a bearish divergence on the daily forming and the MACD pointing downward with red histogram. However, the index has gotten support from the 4H 200ema, each time that happens, price pump dramatically except on two occasions in the recent bear run after ATH....

nagihatoum

Dropping to the support of the ascending triangle. Currently on support if this support holds it will form a small bullish divergence up to the 4H. Macro trend is bullish, ALTs are getting a lucky break.

nagihatoum Updated 

Too much bearish signs: 1-testing the 3 month channel support that price dropped out of 2-bearish RSI divergence on the 30 minutes 3-multiple rejection from the 4H ichimoku cloud 4-seller exhaustion pattern price sloping up and volume dropping 5-exhaustion wicks on 4H candles 6- reached falling wedge target None the less, this is bitcoin and can do some crazy...

nagihatoum Updated 

3 nested wedges. Break out to resistance at 9.2 -9.3K. Watch for bullish divergence to form on the RSI.

nagihatoum Updated 

Currently price has fallen below the mid-term channel support (purple). This support has not been violated since the uptrend from the bottom. A daily close below this trendline confirms the start of a bearish trend downward. However, keep in mind that a close now under 9100 will cause a gap in the CME futures, which means that price must go up to refill it. It...

nagihatoum Updated 

simple but powerful pattern.

nagihatoum Updated 

BTC is in a bad shape, broke the 3 month diagonal trendline and closed below it, this is very bearish and if support at 8500 is lost than it might free fall. Now price lies in the exact same zone prior to last March capitulation. Maybe one more bounce before final dump. However there remains the chance of whales manipulation for a stop hunt to 10.5k, stopping out...

nagihatoum Updated 

A fairly small gap. Can be closed quickly.

nagihatoum

Next week TD count will print a 9.Price broke out of rising channel. Candles are being squeezed between support and the ichimoku cloud. So, in two weeks we should see a drop in Total2.

nagihatoum

the same support that broke down on March the 11th dump. Also the diagonal trendline that held price since the bottom. A break of both is a change in trend. Don't discount a bounce to the top of the descending channel.

nagihatoum

I was too concentrated on the low time frame and thought the 15 min triangle will work out. But zooming out to the weekly, we can see we are closing the week inside the same cloud that price dropped out on March 11th. I anticipate at least a test of the cloud support in the following week.

nagihatoum Updated 

with big impulse and volume which confirmation enough. targets are designated on the chart.

nagihatoum

I waited 2 weeks to confirm that the ratio has clearly reject of 5.66. This means a drop in both bitcoin and gold.