Easy sell signal at top of the channel. Now looking for re-entry positions. Possible re-entry levels: $3.06-$3.20 (Dotted Line inside channel) - Not only is there so much price action here it also lines up with our 50MA. Could be a great bounce target. $2.55-$2.75 (Bottom of Channel) - This is key support of the channel and would probably have a lower chance of...
Huge volume and selling - but price held relatively well. RSI in overbought territory. With the FED anncouncing that they will continue to print away just like they have been for years, I'm speculating that we will have major upside for this commodity over macro longterm but thought i'd point out the retracements at these key levels. Dotcom Bubble Crash and...
Just a possible long-term setup I thought I could share. Up to date, any time you purchased at 200MA Weekly made you very rich over the next year and so on. Following the start of the bull phase, it's shown it is best to reaccumulate at the 21MA Weekly, still providing immense gains in the weeks ahead. Check out the chart from 2014 to 2017, which was also in a...
BTC still respecting the yellow upwards trend line. Trend is still up atm. Saw some sell-off but price is still held relatively well and the distance between our golden cross is expanding which is very bullish. Major price level: $9450. If we have a daily close below that then we will likely have a leg down and I would be eyeing the 9k region, which happens to...
Chart speaks for itself. BTC's longer-term bullish structure (yellow channel) still intact but currently trading in the downward pink channel and has lost momentum. This could possibly be reaccumulation on the longer time frame before a large price move to the upside. Indicators are suggesting a potential bounce play but I would negate that if price closes...
Chart speaks for itself. Long-term bullish structure is still in play but the bull run is hanging by a thread. Bearish below the long support line, and possible short-term long scenarios pointed out. Currently at a critical point as BTC is at the bottom of both the long-term upward channel (Yellow) and short-term downward channel (Pink) pointed out in the chart...
Just some patterns on the hourly. Upward movement since the larger dump from 9.8k Not the cleanest but ascending triangle with lower highs in this upper channel. Would like to see more volume though from a bullish standpoint. Could have some possible long opportunities but set tight stop loss.
Macro chart - BTC RSI not in bullish control zone yet, as of now i still see an overall bearish chart and trend. Currently at a critical point - .382 fib level and top resistance of downward channel (Pink). Breakout above would negate the pink channel. A further breakout above the yellow circle above pretty much negates the entire downward trend line that began...
Has bounced through different fib levels perfectly. Has performed really well in this ugly COVID-rekt market. Bearish divergence possibly forming with a new micro high which would be at the .618 fib level, look to dump there first. BUT, from an overall long-term perspective it looks very healthy and bullish and would love to see how it performs especially when...
We've been trading in an upward channel for roughly 42 days now. We're now approaching the .618 fib level of the last peak which is roughly $8k, which lines up with our longterm resistance zone as well. I wouldnt be surprised to see a move up to there before a pullback, but keep in mind we could trade up to the upper end of the channel as well considering it's...
Gold, our lovely hedge as people would call it. I will look for a healthy retracement to occur really soon. Divergences are awesome to trade off of especially on the longer time frames where they pay off the most. You could literally sell off the bearish divergences on the weekly and have not only come out on the winning side of trades but for tremendous gains...
The real dip has yet to happen and could be just ahead and here's why: Western governments are giving handouts left right and center and economies are shut down. Businesses are closed and people aren't working. Financial implications of this should technically be much greater than the past scenarios pointed out above in the chart. We aren't just bailing out...
TSLA looking hella toppy right now. Has not passed it's former high @ roughly $950 RSI approaching overbought territory. This is a stock that is realistically attracting investors who are driven by profit and you can see the sell-offs causing massive price fluctuations of over 50%, therefore better to be careful considering the current market conditions. No...
Declining volume in an uptrend. MACD flipping red. 50EMA has crossed below 200EMA, bearish signal. Possible spike up to resistance line even up to 7.4 possible and will look for bearish divergences to play out, but overall trend is down on BTC. Would need to break above and close at that level to change my sentiment. Cheers.
Markets are all performing horribly, and BTC has followed suite. Currently formed an inverted head and shoulders on the weekly - naturally a bullish indicator but current climate is not bullish at all. the bottoms of both left and right shoulders have perfectly touched the .786 fib retracement level for the massive rally we had from December to...
Very healthy correction to the 0.5 fib level, retracement for the rally from 6.5k bottom to 10.5k and now a nice sharp move upwards. Considering the red waterfall we had all the way down, this move isn't all that to be honest. Stochastic RSI and MACD show signs for some downward price action in the short-term before possibly continuing its bullish move...
Thought we would get up to the .618 fib level of roughly $10.9k at the uppers side of the wedge but seems like we broke out under it. Previous golden cross was followed by a dump in price before continuation of bull cycle. Retracement on this rally is overdue. It’s possible we quickly get back into that wedge and if so then the upper target of roughly $11k...
At .618 Golden Fib Retracement level from previous ATH and got rejected downwards. Higher trading volume. About a daily candle close away from a Golden Cross. Previous golden cross in April 2019 was followed by a nice price dump before it continued its massive bullish cycle. Buy Zones: $215 - $230 $200 (If it doesn’t negate the golden cross) Note: I’d look...