travislester37

travislester37

This cycle has shown us something not seen in previous cycles; we've had two major mid-cycle crosses of the 50 day SMA below the 200 day SMA already. It doesn't necessarily mean that it's meaningless or worth completely ignoring, but what it does tell me is that there's a good chance this is not the end of the bull market and that the 50/200 day SMA death cross...

travislester37

Reminder to pay attention to the overall trend and that corrections on the way to the top are to be expected.

travislester37

I see no reason to be afraid yet. Even if a solid correction was coming it would be healthier for the overall trend anyways.

travislester37

According to this, we have another 3.5 years and change until this cycle peaks out, and it could do so in the USD$150,000 range.

travislester37

Dips bought + higher lows? I bet 20k is broken for the last time by the end of this January.

travislester37

Let us look at what happened the last time BTC tested a previous cycle's all time high... Steep corrections not once but twice! And now look at us.

travislester37 Updated 

🎵 What it is ain't exactly clear... 🎵

travislester37

I've seen the lines drawn any which way and falling somewhere within the marked yellow zones. Hard to call a breakout when no one agrees what the line is! LOL

travislester37

I have not yet seen anything that justifies sh*tting one's pants, unless something truly serious unprecedented happens, like breaking below the 200 week simple moving average (shown here in a lovely blue), which we have tested in the past but never broken. After each halving, we have ALWAYS set a new all time high. I personally haven't seen anything convincing...

travislester37

We are staring at a fat red candle today at the time that I'm writing this (12:20pm EST). Here's my take on the 12, 25, and 200 day simple moving averages and their significance if the price continues to dip. Let me know what you think in the comments.

travislester37

Quite a move over the last few days. Curious to see how this pans out over the next few days. Where do we think the top is?

travislester37

I prematurely posted an idea saying that $100 support broke, and I should've waited! $100 held, and now we have a classic bull pennant and breakout. Keep an eye on upcoming resistance levels.

travislester37

Symmetrical triangle on VeChain. Keep an eye on the price over the next two weeks. Included some indicators so you can draw your own conclusions.

travislester37 Updated 

$80.00 has acted as support in the past, hopefully it will hold up again. The 200 SMA is also in the neighborhood to add to the case for an $80 support, but I personally can't say where exactly the line will be when the price gets there. Depends on how fast we keep dropping, I guess. This correction makes me feel a lot better about myself missing the boat on this, lol

travislester37

After setting support and resistance zones with the assistance of historic price action and volume profile, this is what I came up with. I'm not calling a moon shot by any means, but if we break out of the top of this zone at $12.25 there isn't much to stop us from testing the next major resistance zone between $16.50 and $19.00, and if we break that... oh boy....

travislester37 Updated 

DON'T TRADE PURELY BASED ON MY IDEA, DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS. These are two scenarios I see for LINK in the near future. I forsee a correction of some kind, then another run, but I'm not sure how severe the correction will be. Support lines are green, resistance lines are red. Any feedback is appreciated!

travislester37

Here we see NEOUSD appearing to gear up for a decent run. Nothing sudden, but a strong and steady bullish trend looks to be in the works. We see this behavior reflected in the MACD and the RSI. There's a golden cross of the 12 and 25 SMAs recently as well. I tend to use On Balance Volume to gauge the strength of trends, and the line has held steady for a while...

travislester37

As some of you may know, I posted a couple of weeks ago about LINKUSD needing to hold a critical support level, and as much as it sucks being right, I was; the support didn't hold, and the downtrend continued. HOWEVER, all hope is not lost, as I believe I have spotted a bullish divergence here on the daily chart. This could be good news for future price action,...