If you are using tons of tools to identify supply/support and demand/resistances zones. STOP.
All you need is to apply this simple approach using past price action.
Switch to line chart on M, W and Daily timeframes and identify the Lower closes where price bounces. Map the zone to the left et voila.
All these zones are likely to represent...
Here's some short target for Litecoins. The volume upthrust at the local top was a strong sign of a reversal of the uptrend. Some short / demand targets are outlined as levels I will be looking to hit and see if there is any long opportunity there shall volume indicates as so.
Here's one of my favorite shitcoins because of the illusion of muh good fundamentals and we all are obviously in it for the technology. So here it is... interesting price levels zones for ZENBTC I am watching.
Hi ladies and gents. Outline above are the most significant levels for XRPBTC as of now. We should be paying attention to Daily and Weekly timeframes violation of these trends and place longs in either of those demand rectangles. Similar confluences are found on monthly supply and demand trendlines.
Bitcoin RENKO D ATR5 Important Prices, Channels and Volume levels.
Outlined block / lines represent ideal zones to go short at the 5.9k range and piramid long all outlined zones under 4.7.
If volume is particularly high in these ranges after the pullback, the stronger is the case for strong support and safer long position.
Hi there. Thought about putting out there my own TR analysis. Bitcoin is showing some strength signs but we all know that Honey Badger doesn't care about anything.
If price breaks under last LPS and remain closed under it. We continue inside the TR and heading to test ST zone. As of now it's building it's case for SOS (Signs of Strength).
Volume showing more...
Volume and momentum is suggesting a continuation of this xmas bull rally into next year. Price doesn't necessarily need to act according to the outlined waves which are based on support/resistances and hypothetical future uncertainly (with the asymmetric triangle).
Think that max it could go is really the 6-7k range where sell pressure exists (limit sell orders)...
Here's some quick Elliots (EW Monks don't come at me with rules, I don't care) into the future. Not paying much attention to time horizon but price action could print something like this... or completely not. But hey -shrug-
OK. There's great chance honeybadger could hit the 2.7-2.9 support levels in an extended wick and reverse for a short xmas into new year bull rally to get everyone hyped about before more pain.
While I feel the brief visit to bellow 3k is possible we should pay attention at current price level because price is showing some signs of strength and volume in lower...
A look into monthly chart confirms that we are way far from a bull run. It is also pretty evident based on volumes and candle rejections that we didn't see yet any meaningful signs of capitulation.
There more downside ahead. Perhaps a strong support at the next technical level wich also coincides with marginal cost of production less hardware costs price zone....