On the above 2-day chart price action has corrected 80% since mid-October. Ouch. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal prints. 2) Broken RSI resistance 3) Price action is on past support / resistance. 4) The 2-day BTC pair also prints a buy signal with broken MFI resistance. 5) Lastly, volume. I don’t know why,...
On the above 3-day chart price action has corrected over 90% since the early 2021. Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action, RSI, and Money flow resistance breakouts. 3) Point (2) is also true for the BTC pair. Chart below. 4) The 3-day/40-day SMA crosses up the 3-day/100-day SMA. Very bullish for...
On the above 4-day chart price action has corrected over 90% since the sell signal (not shown). Now is a good long moment. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) strong regular bullish divergence. 4) The falling wedge. The flag pole extends to $1.80 Is it possible for price action to fall further? Sure. Is it probable?...
On the above 10-day chart price action has printed a 500% move since September last. Now is a excellent short opportunity. Why? 1) Price action prints at macro resistance 2) Price action prints a bearish engulfing candle 3) Broken RSI support. Is it possible price action continues higher? Sure. Is it probable? No. Ww
** Very small market cap ** manage risk accordingly ** On the above 3-day chart price action has corrected 97% since April 2022 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout (USD and BTC pairs). 3) Strong positive divergence between price action and multiple oscillators....
On the above 5-day chart price action has corrected from 1 dollar since the correction of 2021. What has caught my attention is the volume. Lots of positive volume divergence. Someone knows something I don’t. On the TA.. 1) Well no surprise here, a strong buy signal prints. 2) Strong positive divergence. Look left. 3) A reversal pattern on the higher time...
On the above two Weekly chart price action has corrected almost 90% since June 2020. A number of reasons now exist to be bullish , including: 1) A strong buy signal prints (not shown). 2) Regular bullish divergence . Multiple oscillators printing divergence. 3) Price action confirms support on past resistance. 4) Falling wedge breakout + backtest. Is it possible...
On the above 1-day chart price action has corrected over 70% since early August. A lot of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal prints 2) Price action prints buy signal on year long support / resistance trend line. 3) Multiple oscillators printing regular bullish divergence on the 2-day bitcoin chart (below - purple circles)...
There is bearish divergence on this 1-day chart between price action and the oscillators. Stochastic RSI continues to show rising momentum therefore the top might not yet have been reached, however timing the market I leave to others. Better to collect profits and look for a new opportunity with less risk / more reward. On the 4-day chart below we can see that...
On the above 2-day chart price action has broken market structure after a 21000% rally in the past 12 months. The trend is your friend, until the end. The end is here. So why so bearish? 1) On the 2-day chart above price action breaks market structure. Don’t ignore that, especially after a 21000% rally. 2) A ‘incredible sell’ signal prints on the 10-day chart...
Following a massive 2200% rally and multiple overbought conditions (green columns), the above 10-day chart is now indicating a ‘great sell’ opportunity. Why now? 1) On the above 10-day chart RSI breaks through support. (highlighted in blue). 2) The 2-month chart (below) printed a new candle with the close of February. A gravestone DOJI candle was printed...
On the above 1-day chart price action corrected 80% and printed a ‘incredible buy’ signal. However only recently was RSI resistance broken. A number of reasons now exist to be bullish, including: 1) Price action prints a higher low on the bottoming candle. 2) Price action makes an impulsive move to the upper side of the Bollinger Band (not shown here). 3) Price...
Total 3 is the market capital of all crypto excluding Bitcoin and Ethereum. On the above 5-day chart Total 3 has corrected 70% or thereabouts. Now is a excellent time to be long in your favourite alt-token despite the bearish sentiment. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Support and resistance. Look left. Price action has...
** This is a short term forecast, i.e. next few weeks. ** On the above 5-day chart price action has corrected 60% ever since encountering the downtrend resistance. A number of reasons now exist to be long, including: 1) A strong buy signal prints (not shown). 2) Price action, RSI , MFI (not shown) resistance breakouts. 3) Bullish engulfing candle prints...
On the above 4-day chart price action has corrected over 90% since the December 2021. Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout. 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 80 day period. This divergence is also found...
And if you do not know what I mean then see the linked idea below ‘the study’. Now the market cap is way to small for my interest but it might appeal to someone or indeed someone who is interested in the long game. The reversal pattern is one we see play out time and time again in all markets. Most recently on a crypto called CFX (see example below). The...
On the above weekly chart: 1) Price action and RSI resistance remains active. 2) Price action prints several weekly candles since breaking below the macro bear flag. 3) The bear flag projection forecasts price action correcting to 0.007 cents. 4) The target is also the Fibonacci 0.236 Is it possible price action moons? Sure anything possible. Is it probable?...
On the above 6-day chart price action has corrected 90% since the sell signal back in February 2021. A number of reasons now exist to be long, including: 1) The ‘buy signal’ prints. Look left, not to be ignored on this time frame. 2) Price action and RSI resistance breakouts. 3) Price action prints a strong DOJI candle on the 0.786 Fibonacci level 4) Despite...