-To see an upward move we need to pass major
resistance points A. Top of downward channel
B. 11300 - 12000 range for a move to 14000.
-If we don't make it out of the channel then
support would be the long-term uptrend line
at about 8200USD
-P.S I believe the uptrend is the better play.
-I feel it is necessary to state that i am still watching for that move to 5082 USD level and higher, but this chart shows you what could be brewing in the oven as well to help get prepared as "Time in the markets is way better than Timing the markets".
-I would expect this Eliot wave to complete so we could get to the full business of things. Now this is not a...
DGBUSD seams to be slowly moving above the 50 EMA as volume seams to accumulate.
MACD cross crossing established and the Parabolic SAR signaling the uptrend.
Only works if it holds above the 50 EMA and the 78.0 Fib level
A break below this level should find support at 333 satoshis to creat abounc wich would also be a good place for a pick up.
Have a great day.
BTCUSDT as the volatility drops in the pair we can see some consolidation at key support levels and a struggle at the Ichimoku cloud to stay above it. The 50 EMA Slowly coming together with the candles to balance out for a move forward.
A downtrend line leading the pair down needs to be broken for a long term move and to keep an eye on the resistance level.Also...
If you intend to Wait for a bullish trade or move upwards Fib extension levels are good points to look at.As the relation of the candles looks hood and so does the MACD.
To catch the pumps
CUREBTC Can be said to have a lot experiences with pumps and dumps so we might as well use this to our advantage.
1.Entry levels set at or bellow support...
The short term downtrend seams to be coming to an end on ARKBTC as it inches up to the 50 EMA, ICHIMOKU CLOUD and and the long term Up trending support, we expect to bounce back to the Uptrend resistance.
-4 Hour zone.
P.S. The trend is your friend until its not!
IONBTC looking strong as it holds at the 76.8 But facing strong resistance at the 61.8 which was also used in the precious move as a strong level.
-RSI looks to be consolidating.
-MACD made a cross but could be for a short try at the 61.8% Fib level for a 12.82% gain to a 4.19% loss at a 3:1 risk to reward
-Key levels moving up are the 38.2 and 23.6 as extended...
Watching the strong move tho the down side and expecting it to reach support before deciding what to do.
RSI and Stochastic still not signalling an oversold position as volume dries up.
Tip: Avoid trying to catch falling knives in crypto as its proven to end bloody, just let it play out.
-Technic for getting target when trend lines break using Modern school of economic
-Using the 2 most recent lows
-Couldn't use first candle as it was missed but the second candle will have to do.
-3:1 Risk to reward
-11.33% expected gain.
P.S Mostly Educational
Watch for a break above the triangle for the confirmation of the move and also a cross of the Moving averages.
Stop loss set at 3:1 of entry.
Expected profit on Target 12% and 21% on extended target.
P.S Possible drop before a bounce expected.
-Though we stand to see more red Days and maybe moves to as low as 3837.50 as the bears remain in control FUD runs wild.
-If support zone breaks final sell off would be seen to reach 3610.54 levels which would be a great time to pick some up as it dips.
-Its Going to be a red couple of Days but once it's done and the Bulls get back in control we stand to...