planellstoni

planellstoni

We attempted to break the HS neckline without success, We are probably going to retest it again.

planellstoni Updated 

This analysis is related to my previously posted one, on a bigger time frame. We are forming a Head and shoulders, breaking it will mean 28400 aprox(technical target), but I think we will go to the ascending resistance, at aprox 27k. Breaking it will mean a longer bear market, but I think that we will bounce to attempt again 31k resistance. Check previous...

planellstoni

What do you think? I don't think we are able to break 31k resistance yet. We are forming an ascending triangle (bullish), that can break up or down. Actually I'm in short since 31100. -We have a potential double top with a bearish divergence. -Potential HS reversal from 31400 to 29800. -Volume is fading down -Bearish pin bar. My conclusion is that we need a...

planellstoni

This is my trading setup. Scenario 1 (head and shoulders) in case we break 26700-26500 we are probably going to 25k, and would mean that the current head and shoulders pattern played out Scenario 2. (descending triangle) We have a bullish divergence in 4h time frame, so I think scenario 2 is very likely, before a bigger correction. In case scenario 2 play out...

planellstoni

Why I'm bullish? -Bears can't break 18k and lost fuel -Accumulation phase during 3+ months -Bullish weekly divergence forming -Huge descending channel also on weekly RSI -Hash rate/price disparity on energy at ATH -Bearish sentiment We can see a bear fakeout under 18k before a turn back and bullish breakout This is not profesional TA, just my thoughts... DYOR