Ven is seeing a very nice and postive EMA fib breakout (lines are fanning out oozing awesomenss) with some growth in volume bars. Not shown, but the ichimoku cloud shows some nice upside too.
I did not wait for the conrimation and grabbed a bag around 485 sats.
For elliot peepz I see wave 3 is set and confirmed imo.
I see we are at a critical junction, at this point if BTC can not get some more price action we are heading down...hopefully the bulls beat the crap out of the bears.
If we cross below the cloud I think we are going to see some twitter despair, just be ready for anything.
A perspective to keep in mind...thats all.
Let's see how it plays out.
I see some more upswing, a bit more, but all good things must come to an end.
I see Wave 5 coming,
I will wait for the EMAs to decrease a bit
Although STOCHASTIC RSI is like super high, it can be a false signal to short now, let the chart tell you.
Risk takers go Long but plan to flip positon quickly, too rich for my taste.
Based on the daily chart I see a lot of weakness.
EMA fibs shows a time of uncertantiy it can turn either way, however, it is facing resistance (mind you that the trend line may not be super clear, but you get the picture).
I am placing a PUT that expires 6/15.
Stochastic RSI market strucutre shows a "M" formation which is bearish imo
Volume is weak
So I decide to put a CALL option on S this morning. I see more upward push than anything else.
I personally love EMA fibs as a momentum indicator and I see some convergence, therefore, a time of uncertanity. However, I see the STOCHASTIC RSI as super high, the trend is up, but this can represent some incoming price action. Hoping for some big FOMO...
Short trade. I placed a PUT at $4.96 and it may bounce on that lower trend line.
Stochastic RSI is rearing its way downward.
OBV_OS is also rearing its way downward.
I drew my 5 impulse subwaves of a potentila larger wave 1 and I see this retracing a bit.
I will flip my position pending on a daily chart though.
Again this very short trade.