Watch the fib levels. A break down implies a move to the next fib level. Near term rez at 19478
Price is back in the blue "river" which I consider the neutral zone....Yes I'm a trekkie. Daily bias has shifted to bearish because price is currently under the pivot line (blue line in the middle of the river.) When price enters the green "bank" of the river it's time for action. Green bank above the river means the probability of further upside is higher. ...
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This chart obviously is not healthy. Anyone that lost here or anyone that won and wants to continue any gains should take a good look at WISE Token. Much better "CD on Blockchain" project designed for longevity. 41 days of it's launch period left. Do not procrastinate!
Bullish ParabolicSar flip combined with bullish Fisher Transform cross, rising macd histo bars and green SMS indicating it's safe to add to long positions on Ethereum. As always, stop loss set at the 24 ema or a bearish parsar flip.
Bitcoin Dom is currently at trendline resistance. Note the current historical volatility read is different than the last 2 reversal points. The high reading in Histo Volatility may indicate strength of trend which could be an indication of impending break of the trendline and continued bitcoin dominance. Directional indicator suggests the bullish trend is in...
Price currently sits on trend line and horizontal support at 384. A break could take her down to lower support in the $320's Just a heads up. Many stop loss orders no doubt are placed in this area. Could cause a cascade if tripped.
Technicals turning ugly. Par sar bearish reversal looms at 11544. MACD and SMS also have turned bearish though a macd signal line bearish cross has yet to occur. The market may be anticipating a Biden win which is death for the markets, and civilization as we know it.
Just a heads up to my subs. We have the expected ParSar reversal as mentioned in a previous post. This is usually a reliable indicator of at least a short term trend change. Statistically it pays to go long when ParSar reverses on the weekly and exit or short when it switches to a bearish reversal. I like to watch for confirmation when the Fisher performs...
Still slightly bullish and weakly hanging on (see what I did there?) Note on the chart above we just completed the 5th weekly Parabolic Sar dot. Previous downturns consisted of 7,6 and 5 week periods so maybe a reversal is near. Price has been holding in the upper portion of the channel and over the pivot (purple line) and the 24 ema which is also bullish....
Liking YFII for a mid to longer term play. Sources suggest strong institutional involvement gearing up. Technicals above showing bullish momentum off support in the low 20k region. Directional indicator is a great way to time entry exits on this play. What is yearn.finance? yearn.finance is a decentralized ecosystem of aggregators that utilize lending...
Heads up on some short term bullish reversal signals. Bullish ParabolicSar reversal after 5 days of bearish ParSar. SMS now green and trending up. Currently at the pivot line MACD line bullish cross near the zero line and histo bars growing larger (slightly) over the zero line. Fisher hasn't crossed the (red) trigger line yet but it's threatening to do so. A...
Uni is the king of Alts. Uni is the King of DefiPulse. Probably the best and most used DEX. Price bouncing off support and is looking like it doesn't care for the high $3's or low $4's. If Bitcoin and the crypto market can shrug off this bearish short term environment I see UNI back at it's high's in the $8's and beyond with little difficulty. That said, stop...
Worrisome signals for bitcoin (short to intermediate term). Note the purple triangles on the chart above. Bearish Fisher cross, bearish Parabolic Sar reversal, Bearish color change on the MACD histo bar, and bearish downturn on the SMS. Rejection at the pivot (yellow line) at 11,200ish with a doji candlestick will be interpreted as weakness if price drops...
Partial buy on the break of multiple resistance zones. Historical Volatility showing signs of a new expansion phase. Stop loss 0.158
Partial buy at the Fib 61.8% level.....and possible double bottom. Stops just below $10 Add to position on confirmed reversal....usually signified by a ParabolicSar bullish reversal (white dots under the price)
Short term reversal signals suggest a rise to the pivot at 95 is likely. Could continue to keep bitcoin on pause until resistance at the pivot halts dxy's progression. If the dxy halts and reverses at the pivot it may initiate some upside action on Bitcoin. All eyes on 95 in the near term.
Just a reminder. Took approx 22 weeks after the last halving (2016) before bitcoin started it's major bull run. If history repeats then this October will be the month to watch. First clue will be the break and hold over 13k followed by the break of the yellow line (above) around 16k. Note also we are currently sitting on the RSI pivot line. It's relatively...