rizo506

rizo506

What I see here is a 12 week running wedge with the 18 DMA below recent price action. What I like about YFI is nobody is talking about it on social media. Things can change and charts can morph. I took a long position at 27601 with a stop at 26k.

rizo506 Updated 

It is not a perfect science when drawing parabola curve on equity, one must keep adjusting accordingly as price action keeps printing. I jumped back in to LINK because my business partner convinced me. I still see it is hugging the parabola curve very well. I am holding long term until a real violation of the parabola is violated.

rizo506 Updated 

BCHUSD major pattern is a symmetrical triangle. On the daily chart it seems BCHUSD is in a range which started on March 31. A break of 278.38 will have a target of 352.96.

rizo506

XLMBTC has been in a range ( rectangle pattern) since July 2019 and broke out of the range on July 2020. I went long on break out with a target of 1601 satoshi. I placed a stop loss at 920 satoshi. Remember preserving capital is most important, forget about making money. A wise man told me once " treat trading like a business" .

rizo506 Updated 

COINBASE:ETHUSD Seems to be constructing a continuation pennant flag pattern . keeping a eye out for it.

rizo506

Hello everyone , I hope you all had a beautiful Christmas . I would like to end the year with this last publish idea with the king BITSTAMP:BTCUSD . looking at the weekly chart BTC was able to hold a important support IMO. I will continue to add to my long term bag and stash it in a cold wallet. I believe BTC will make it to 50k or beyond. I wish everyone a...

rizo506 Updated 

BINANCE:LINKBTC looks to have bounced of the parabola line this week. I bought almost 0.00030703 satoshi with a stop at 0.0024848 satoshi. I will be adding to my position accordingly until or unless the parabola line is violated. If violated I will immidatly get out of LINK and back into COINBASE:BTCUSD . This will be a long-term hold investing opportunity for...

rizo506 Updated 

BINANCE:HBARBTC I been waiting for this company to put their coin in the exchanges. Right now BINANCE:HBARBTC is in a wedge pattern and the BB bands are squeezing telling us a big move is around the corner. I will likely wait for that move to happen before I buy. My suggestion is to keep a close eye on this coin, place you alerts. patience is key.

rizo506 Updated 

LINKBTC constructed a three month diamond pattern. Diamond patterns only form on top of up trends and its a reversal pattern but I have seen them construct in bottoms as well . LINKBTC broke out of diamond pattern on 12/4/2019 and I am looking for it to hit 0.00024235 right on the parabola curve, If it holds I will be stacking. I am still bullish on LINKBTC till...

rizo506

First things first, I would like to start by saying that I am a chartist and like any profession it takes time and commitment to learn. I did mentioned that I wanted nothing with ALTS but when I see a chart pattern I can not ignore it. That being said lets get to this quick analysts on ENJBTC. ENJBTC constructed a five month ascending triangle and it broke...

rizo506 Updated 

Maybe...Just maybe BTC is making a massive inverse head and shoulders? Stay in the sidelines till the storm passes.

rizo506

I know right now buying alts is insane with BTC in descending channel and heading downtrend but there is one alt I am placing my bets on and INVESTING in, that alt is LINK. LINK seems to be in a parabolic phase run. Each time Link hits the parabolic line it bounces off. I will be stacking my bags on LINK and hodl till 2021. Remember...do not invest what you can...

rizo506

You always have to be ready for what the market gives you and right now it's bear market....short term bear market. I believe we are going down to 6500 level and continue sideways. If true, that will make the right shoulder in the massive inverse head and shoulder on the weekly chart. The bear flag with the head and shoulders on the daily is not valid till close of day.

rizo506 Updated 

Hopefully a round bottom here forming , lets give it time to mature.

rizo506

A close below .24 will establish a descending triangle and I am shorting to .10

rizo506

BTC closed for the week above the 18WMA ( I use the 18 WMA because my mentor Peter L Brandt introduced it to me and it works very well with my system). Looking back at BTC in the past, price seemed to bounce off the 18DMA every time it pulled back. BTC is in a symmetrical triangle but patterns morph every time depending on the market and it is our job as analyst...

rizo506

On the short term side 6HR chart of BTC it is clearly bearish and forming a bearish pennant flag and I am waiting for a drop to 9k... Overall BTC is bullish long term until otherwise.