Hey everyone, it's been a hot minute since I've posted anything. Anyway, the last few days haven't been too great as we can see. Right now, BTC is getting rejected at the 10 EMA. Additionally, the 10 and 30 have crossed over which is a bearish signal. RSI is hovering above 40 and I expect it to drop a little more. I would not touch alts at the moment and...
Last week I mentioned that BTC was likely to drop between $8000 - 7800. We've had a few failed bounces with bear flags forming on various timeframes. Additionally, BTC has been incredibly choppy which, to me, is a "No Trade Zone". Things to keep note of: - The 618 Fib Retracement aligns perfectly around the $7850 price. - News over the last week has been...
Hey everyone just a quick update on BTC/USD After calling the H&S I went into Tether. Been sitting this out and monitoring the daily and 4hr. The FUD is obviously taking it's toll. Personally, I'm not trying to catch a falling knife and am waiting for a confirmed bounce that doesn't show a bear flag. That being said, $8k is a very strong area so I'm scaling in...
Looks like QLC has been consolidating around this little channel between these support levels. If the candles remain above the 10 EMA and the 25 crosses underneath it to support the 10 then that'll be a good indicator of upwards momentum. If it breaks resistance expect a move to the upside to test 2300 sats.
VEN seems to be consolidating in this range. I'm looking to make an entry soon ONLY if BTC can move sideways for a bit. I'm still a little bearish on BTC and believe it will form a H&S resulting in a pullback and alt bleed.
After the failed breakout we saw QLink break down. BTC not breaking $10k as we all hoped only further exacerbated that and we broke the 1st resistance level. It's currently testing that key support level around 2040 satoshi's. If BTC holds we can see QLink consolidate a little further before testing that first resistance level around 2200 (roughly). The...
Here we have the BTC/USD Chart up top and BTC/USD Shorts on Bottom Shorts are getting bullish which will result in BTC dropping. Yesterday's chart I predicted an H&S Pattern. Looks like it'll play out as expected. I'll be scaling back in from $8.9-8.7k.
BTC has been getting shorted over the last few days. In my opinion a head and shoulder pattern can possible be forming. I'm expecting a drop to $8800 with a bounce to test the neckline as the RSI will go into oversold conditions. Let's see how this plays out over the next few days.
A few days ago I made a post saying that EOS was forming a possible double bottom (which I updated the idea to say that I was wrong.) Anyway, EOS has found support and lots of volume has come in as people are accumulating. RSI is looking good and the first major resistance level will be at 21k sats.
OMG/BTC looks to have pulled back to the .681 Fib Retracement level which correlates with that support level. Volume has been consolidating as well. RSI is looking good Keep eyes on for it to hold that support level because there might just be another breakout real soon.
EOS looks like it has formed a double bottom. The rectangle is the area to watch as it is the first major resistance level. It tested that 25 EMA and will probably bounce down to the 10 EMA before moving up. RSI is showing bullish divergence as well, keep eyes on.
Double Top ADA 4HR Fib Retracement has it going back to 3600. Looks like bear flags are forming on the 1hr. Be cautious here.
This is a beautiful little setup we've got going on. It recently tested it's ATH but is not experiencing a pullback. We have a small bounce off the 10 EMA and if it closes below it then it'll get another pop at the 25 towards the 10 (for you daytrading type). Either way, I'm looking at a possible entry off the 25 EMA and am holding since currently the candles...
Amb has had a great run over the last 10 days. (75% or so). As is evident, the 4hr RSI is showing bearish divergence as buyer volume is starting to get a little exhausted. Those support levels are nearly aligned with the Fib Retracement Levels. I'm looking to layer my buys between 6500-6000 satoshi's. On the other side of the coin, if it continues to...
RSI has been showing Bearish Divergence and is more noticeable on the 30 minute chart. That being said, WAN has been performing great but I feel like it's due for a slight pull back and pause to consolidate and form a good base. The last thing we want it to do is go parabolic which will make the price just fall harder, which is honestly not a bad thing if you...
BNB/USDT setting up to breakout soon. It's tested that resistance level multiple times and volume is looking good. This is my short term play.
POE/BTC on the 4hr looking to be setting up for an imminent breakout over the next few days. Higher lows have been established as the volume and RSI remain steady.
Rising Wedge on BTC 4hr, even more noticeable on the 1hr. Expect a small pullback to retest those support levels that the price has been bouncing around at. I'm thinking it'll bounce back to the bottom of the channel and if support holds, BTC will move sideways allowing a little bit of accumulation before HOPEFULLY pushing through that macro trend lin