The current trading channel for Bitcoin.
Support and resistance easily identifiable.
Pivot line in the middle for short term bias.
RSI for oversold/overbought and pattern recognition.
Keltner channel for identification of extreme moves (when candles move outside of the bands)
Shoutout to Lark for pointing this out.
Watch for the breakout in either direction and trade accordingly.
Measured move targets listed above.
Watch the pivot at $36,000 for an early heads up on probable direction of the break.
Also keep an eye on the RSI for a clearer picture of what's happening.
Possible head and shoulders with neckline noted above.
$27ish is the pivot.
Link is the google of crypto.
I've been scaling in on most of my plays only on RSI reads under 25 and scaling out on RSI reads over 75.
When the bearishness dissipates these levels get adjusted.
Short term analysis showing a break over the down sloping resistance line and subsequent retest of the line.
If the line can now act as support it would suggest a move to next level horizontal resistance at the fibonacci 50% line at 44650ish.
Hope everyone put on a fresh pair of underwear after the recent carnage that was certainly manipulation on multiple...
Cardano continues to trade well under bearish Bitcoin and Ethereum(sort of) trading.
Positioning for a possible upside break over $2.00
Watching for the red dot if position entered for profit taking target.
Favorable technical look for a partial buy here on Matic/polygon. (See indicators above)
Add to position on confirmed break over resistance at .81
Stop loss under recent low at .70
Cardano, XRP also worth a look.
BFD on RUNE.
Partial buy here, more on confirmation of reversal.
Reversal indications will occur on a MACD bullish cross (blue line over red line) and Parabolic Sar dot switch to below the price candle.
Price could drop lower to the support line around $10.59 but since price is already very extended from the 24 ema I don't see it dropping much further. ...
Picked up some ALGO right at the pivot point.
Accumulation is healthy.
Could be the chain the US gov uses for it's digital dollar according to Bitboy. No confirmation of that yet but I've heard Algo has ties so who knows.
Stop loss just under the pivot.
Very big W pattern.
A break out over .02 cents would be very nice indeed.
Notice the Volume spike and hold since early March.
Weird to anyone else?
Why no dip in volume?
Eyes on .02
After a long consolidation (relatively speaking) it is time to re-enter ADA.
As always, it's usually best to scale in with several entries rather than an all in bet.
Parabolic Sar, Fisher, already have confirmed the reversal to bullish.
MACD and Directional are close but haven't confirmed yet.
Convservative traders should continue to wait for those to...
Signs pointing to a favorable re-entry into Bitcorn.
Full confirmation happens when the +DMI line (green line) breaks over the 20 line I have drawn on my chart above.
Stops set just below support at 45,500
This is one of the few altcoin gems I like.
Named Marlin because a Marlin is the fastest fish on the planet.
Thanks to Mr. Kristoff for the heads up on this one.
You can stake this on Stakely.io and get nearly unbelievable returns.
A 5k stake at the current 111% rate is about $500 per month in interest.
You find anything better please let me know.