Not financial advice! Never make a decision based on 1 single indicator! Some say that miners have less influence on price action. Possible! This Buy signal suggests that there is lesser miner's sell pressure as they are selling at a lower profit/or even at a loss.
No comments! This is not a TA analysis! It can go both ways... Long squeeze or it has marked previous bottoms!
Not a financial advisor! Some say - "Never fight the trend!"/"The trend is your friend!"... Waiting for the breakout of the flag that is showing Bullish Divergence...up or down! Good luck!
Not a financial advisor! DXY was rejected from a multi year ascending trendline and the 100 level! DXY needs to break previously year highs to continue bullish. Therefore I am bearish until DXY breaks previous yearly highs!
Not a financial advisor! Possible target - 0.92 Stop loss - Descending trendline
Not a financial advisor! Possible Inverse Head and Shoulders! Awaiting a possible break of the neckline or rejection.... waiting and waiting....
Not a financial advisor! After the last price correction, Total3 is reaching a trendline. Momentum hasn't yet shifted to the upside but but but I am hopping that a cup and handle that has been formed for the last 3/4 years will perform as expected!! Let's wait for that momentum to shift at the trendline to confirm that bullish reversal! Good luck!
Not a financial advisor! The new higher low is marginally higher .... but still makes this Hidden Bullish Divergence valid!
NOT A FINANCIAL ADVISOR! If we look at the daily RSI we can see that a breakout is possible soon! While the Squeeze Momentum is showing a decline on the negative momentum...lower sell pressure. The same can be seen on the MACD momentum! On the price action you can see that SHIB USD is finding support on the weekly close from the 16 May 2022. I will post that...
Not a financial advisor! I think that double bottom scenario is becoming less probable. If BTC goes higher...BTC.D will go up most likely creating a lower high as the RSI is almost reaching it's top! (When BTCUSD was at 65k everyone was calling for 100k) (Now BTCUSD was at 36k everyone is calling for 20k) I am now looking at BTC.D as the descending triangle...
I'm not a financial advisor... ...therefore do not sell allllll your alts for BTC just because of this. You can surely sell some! :) Besides BTC.D finding some horizontal support and breaking a trendline! This might possibly lead to a double bottom driving the RSI higher. what am I doing? Taking some days off! Good luck!
Not a financial advisor! Still targeting around 60-70k!
This is not financial advice! BTCUSD is currently in a Rising Wedge after breaking the neckline of a Cup and Handle. BTCUSD is also flipping previous weekly resistance (and All Time High) into Support. If this holds (today at weekly close)...expecting at least 70k.
Not a financial advisor. Initially I was under the impression that the DXY was developing an Inverse Head And Shoulders Formation. But the last day(s), makes me question that assumption. I am currently looking at: 1) Rejection from the yellow trendline 2) RSI bearish divergence on the 4H and 1D Awaiting to see how strong the yellow trendline resistance is or...
NOT A FINANCIAL ADVISOR!! Dent seems to be in a busted falling wedge. According to "http://thepatternsite.com/fallwedge.html": "After a downward breakout, price sometimes curls around the front of the wedge and soars upward. The busted pattern presents a profit opportunity from the long side." You can see that the RSI break up higher && it seems like a double...
Not a financial advisor. Once 0.75$ horizontal resistance is broken, 1$ is expected to be retested. Surely you can say recent price action is correlated with BTCUSD price action. No denial there! And I generally don't speak about fundamentals, but current lawsuit silence and current rise, would mean insiders know something... Good luck!
NOT A FINANCIAL ADVISOR! RSI daily about to breakout. While on the 4H, both RSI and price action have broken out. If this is a triangle throwback, expect BTC to go back up. Possible targets to the upside: EMA-200 daily or the top trendline (red dashed). Possible targets to the downside: 30K, 29K, 20K
Not a financial advisor! I know I have recently published a bullish analysis on doge! (linked!) Well we have to consider the possibility that an Head And Shoulders is being formed. The pattern is not completed. Keep this possibility in mind in case the neckline is broken. RSI still dropping on the 4H. Meaning further down price action would be expected. Good luck!