valaentius

valaentius

Precisely 6 days ago, the Zweig Breadth Thrust indicator was at 0.39 (thus below 0.40), having reached 0.53 at this moment. In order for a solid rally to be sustained by sufficient momentum (to make it last at least 3 months), the ZBT indicator needs to surpass 0.615 in 10 days at most since its last reading below 0.40. Thus, if ZBT is not above 0.615 by the 2nd...

valaentius Updated 

Monthly Time-Frame: --> Evening-Star --> target: around $97 --> 14-period Monthly RSI rejected by 20-period SMA --> most likely going down Position: SHORT

valaentius Updated 

Monthly Time-Frame: --> Evening-Star --> target: around $72 --> 14-period Monthly RSI has steep downward slope and, like all the similar past situations, looks like a high probability of downward momentum Position: SHORT

valaentius Updated 

In the case of the BTC/USDT and BTC/USD pairs, the Relative Strength Index (standard 14, on Daily time-frame) seems to have been a faithful indicator, looking back, with subsequent surges of 20% to 130%. Thus, it seems like BTC is ready for a new rally!

valaentius

Based on candle action on the Monthly time-frame, ETH seems to be heading down to all-time Fib 0.236 level

valaentius

0 fib is March 18 level. Inverse H&S, followed by false bull flag --> possible correction to approx 0.5 fib, then up to 0.786 fib.