variousCryptos

variousCryptos

The cynic in me thinks there's gonna be enough of a pump to liquidate a bunch of shorts before the inevitable dump occurs. Taking a look on a macro level, the 3D chart. You can see the last time we were in the 30-40k range, the volumes were much much higher. At this point BTC was already overbought, but at least the volumes were there to continue pushing price...

variousCryptos Updated 

A quick trade idea. Very clear target and stop loss. Using X as the stop loss. Taking a projection of XA for TP and would TP at C as well. Let me know what you think.

variousCryptos

Wanted to share a couple things I see on the 1H chart this morning. I think there's going to be a lot of resistance along this upper trend line. I can see us bouncing sideways in here for a little bit before dropping again... There was this inverse head and shoulders that formed overnight. It reached completion so expect a drop from here, don't really expect...

variousCryptos

Not convinced this is the bottom. Not by a long shot. Looks like a major trap. Would still NOT go long on BTC. RSI looks to have bounced off resistance. Could come down and test the bottom again and maybe move around within this wedge. Any big movement up in price action is going to be a trap IMO. Would consider shorts if it approaches the resistance line on...

variousCryptos

Could we see this pattern forming for BTC? Larger Bullish Butterfly pattern forming over the past 14 days. Completion of the pattern would take us to 1.272 (29k) or 1.618 (26k) Fib Levels. We may still go sideways for a bit before it reaches bottom. Looking at the RSI it also broke bearish and slope is down. Selling pressure is high. Again a break below 30k...

variousCryptos Updated 

A macro view of where we may be heading. I expect a test of 30k but will likely fail to hold. Once it breaks expect a rapid drop as there are going to be lots of stop losses executing sells when it does. A move near 25k would be next. There's an old zone of support at 25.7k but really not much else until 21k and then 17.5k would be the final target. We could...

variousCryptos

Using several different formations and targets for each. Using the 1H chart. Head and shoulders pattern: Measuring from the head to the neck there's an approximately 10% drop so we'd expect an approximate 10% drop from the neckline. Takes us to 32k. Bear flag: Measuring from the top of pole to the base of the bear flag we'd expect an approximate 8% drop to...

variousCryptos

Just wanted to share some patterns I've seen in BTC over the past couple of weeks. After the initial crash on May 19th there was a bounce and a subsequent crash that formed a bullish ABCD pattern. This led to a mini relief rally and prices shot up. A Head and Shoulders pattern formed followed by another drop. We've slowly rallied since then but volumes remain...

variousCryptos

Depending on how you draw your trend lines it appears as if BTC either broke back within this pennant or has broken below the pennant. To me it looks like it broke down. RSI is dropping and volumes are dropping. BTC has found support at 34k several times already and will likely find at least temporary support there again. I expect it to break below this level...

variousCryptos

It's not a perfect butterfly but it's close. IMO BTC has looked over extended the past couple days. The macro view to me still looks bearish as well. Could this be the start of another move down?

variousCryptos

BTC still moving within this pennant formation. Expecting resistance at 38.5k level. Could see it try and test 40k again too. Also forming a bearish butterfly pattern within the pennant. Let me know if you agree.

variousCryptos

Very bearish at the moment. Can see a bounce within this triangle but appears to be a bear pennant. Expect it to eventually break down. Support at 30k. A break below would see us visiting 25k and 22k. 19k is the last cycle top so you'd expect very strong support there. A break below could take us to 15k and 10k. (IMO 10k is the absolute rock bottom.) Bitcoin...

variousCryptos

Trade idea BTC 1H ABCD pattern. Pattern takes us to 28138.76. Can go down to 25977.75 Expect support at the 1.272 because it is next to the 2.618 of a larger butterfly pattern and just below strong support at 30k. Can set stop loss below 1.618 for high risk as technically the ABCD pattern can take us down to here. Can set just below the 2.618 for low risk. If...

variousCryptos

BTC completed a Bullish AB=CD pattern. BTC wicked below what was the 1.272 Fib extension. Personally I didn't think we'd get her this quickly. It took 9 days to complete CD where before it took 11 to complete AD. I expect a positive move in the short term towards 47k. It also looks like we may be forming a descending broadening wedge which we may be coming...

variousCryptos

I wanted to share some possible harmonic patterns in XRP. These are on the 4 hour chart. The first and more obvious one is the AB=CD pattern. If the pattern holds then a move along CD would take us to 1.83 before a reversal. The other pattern is a larger Butterfly pattern. This would extend CD to just over 2.00 or potentially as far as 2.25 before a...

variousCryptos

BTC passing through areas of weak support at the moment. Although they may seem like good times to buy I would advise to move with caution. Looking at the volume profile you can see that BTC has broken below the area of support it had around 47k. The next areas would be 37k and 34k. If it falls beneath 34k BTC is gonna be in a bad way. Maybe 30k will hold, but...

variousCryptos

Where's the BTC bottom? Is the bull market over? IMO not by a long shot. If anything this gives folks another opportunity to buy BTC (and Alts) at a discount. In the grand scheme of things a correction is healthy and BTC will be stronger because of it. Here is an idea I have about where the bottom of the correction may be found via a harmonic pattern. A...

variousCryptos

I'm going crazy with trend lines. XRP taking its time like always. Appears to have broken out of this bull flag. Drew some longer trend lines that show it could be breaking out of a larger formation. A break out from the larger formation would take us to 2.32, but I expect we’d be moving to 3.23 shortly after. BINANCE:XRPUSDT