Current trading channel. We are at the heart-line with no real clear direction, me personally thinking this could be a wave 3 up all the way to that 2.168 with a pullback to the heart-line as support before more bullish movement. Let me be clear, this is a terrible place to make a trade, as we are currently in a spot where the market will make a decision that we...
You can't ignore this long term wedge on the weekly that must certainly produce some bullish movement from XRP. The RSI is looking strong, but needs to push to 31 cents to make sense, or RSI will need to be humbled. I like this play on XRP as it's long due for some attention, a pop past this current resistance is something I would bet on. DISCLAIMER: I DO NOT OWN ANY XRP
Keeping it simple. Unconfirmed bearish divergence on the weekly, but with no higher high - it's a common sense trade to short at what seems like a long-shot position for BTC to surpass 10K in the coming weeks. Zoom out. It's nearing the top of the major trading range - why long here? Wait for pullback to heart line and then long again. Also, 61.8 was hit, why...
Bitcoin don't go down over long term - cave man can see that. Let' s agree that history agrees that Bitcoin is a net-winner over the long term without a doubt. I am only making this clear as I am posting a long term weekly TF chart of Bitcoin, so let's go ahead and establish the fundamentals of my bias. So, I put in a lot of coinciding indicators to confirm...
Historically, buying at 5900-6200 has been profitable. Buy that area, sell the heartline of the channel we're in. Great odds on this. Personally not in a position to invest, but I personally would buy that bullish divergence on the daily TF every time. No skin in it, but looks good for those who is. Good luck everyone.
Prosperity to come. Don't give into fear this time, remember that this is a long-term game where the ones with the most patience win every single time. You can also win every time if you invest what you don't need. If you are up late at night, every night, or you have notifications on for BTC movements - YOU HAVE INVESTED TOO MUCH. Until we break 5K, I have no...
Volume showing market participants are continuing interest in selling off BTC with no signs of slowing down till what I think will be 8500-8800. We are currently in a wave 3 within a larger ABC correction, but here is how I am daytrading it. Once I get that 78.6 / channel bounce then I will try for a short term long position. RSI way oversold, and you can't time...
Short term bearish look on XRP, not convinced we see a pop out of here as buyers just don't have the price they want yet as the trend lines show no 'big' reaction from buyers as volume is still just lying there. Where are the buyers? I believe the Buyers are lined up at .26 cents for the drop and completion of wave 5. This would ultimately be a no-brainer for a...
Wave 5 target already hit, but often in crypto you will see wave 5 overextend to the 161.8 being 71% in this case, but I am not confident it will considering the decrease in volume as we continue to increase in dominance. We have an exaggeration in RSI, which should be printing higher than the previous high on RSI, but it is not. Show me relative strength is weak...
Overall LINK is looking very bullish. After tapping this demand zone 3 times, and with the news about Google, I am definitely long term bullish on LINK. Here is my setup and how I am trading it for the long term. I plan on LINK not testing that demand zone again, I believe we will see LINK go and touch that 38.2 of the long term fibs and eventually the 61.8. I...
I count 5 waves up and only reasonable to expect an ABC correction, and with bitcoin dominance falling off, I expect major market cap alts to get some of that dominance. For now I am long ETH w/ a target of $257 which would be that 38.2. It makes sense sense we have already retraced to 61.8 of this 5 wave impulse and with volume steadily showing sellers losing...
Sellers remain interested in dumping at these levels as volume shows. Bitcoin dominance looking like a pullback is coming soon. A huge harmonic structure has almost completed, so at this time I am expecting a pullback to 10960 & 10475 following. I am expecting a 5 wave impulse down using pivots as targets. RSI is in bullish territory so this is not a place I want...
I posted this a couple weeks back and bitcoin hit my first target for this C wave. Now, there are a lot more indicators with confluence telling me we go up to around 12,200-12,400 but that would bring us out of this flag like channel where we would most likely see tons of buying pressure and I would probably throw out this plan, as this is what is more probable...
Some people think we will see a big sell off on the SPY, I think also we will see some selling pressure increase, so here are some targets to look for as sellers maintain pressure. I would look for bull divs on the daily time frame to play any short term bounces. You want that EQ of the channel to hold if it does go back into the trading range. If it breaks, look...
What else can I say, RSI oversold, TD sequential 9 on daily, 78.6 touch almost. I like the chances of a short term relief bounce here of around 16% increase to go test the 61.8. Be weary as more supply could dump. This is not financial advise.
We have the chance of printing the first 8 on the TD sequential indicator on the daily today. With RSI showing bullish divergence on the daily, I am long. It makes the most sense to me, I expect a short term reversal soon to 11,400 as my target. With volume still declining, I like this position for a long. I think we go down to 8800 sometime, but maybe not just...
Posting this just for myself to look back on. This is strictly TA.