Following a 80% correction and oversold condition (orange column) the above 1-day chart is now printing a regular bullish divergence. Although it is small to see, Stochastic RSI on the weekly chart below is crossing up with volume following the oversold condition - risk / reward is excellent at this time. 51 sats, current price. 1st target 1000 sats, or...
Potential 1000x? Yes thousand, those opportunities are something I look out for, none is so more true than in the DeFi space. Especially the stable coin space, which I think is going unnoticed for the time being, despite their exploding demand. For potential 1000x opportunities I look for 3 things: 1) Hair on fire problems. 2) Getting in early. Very early. 3)...
That was the date which saw the indicators I track on the above 3-day chart that caused the dark green strip to illuminate (Green column / dark green column - Callout below - upper black circles). I’ll not articulate here was conditions I use, it is a script I wrote some time ago. What does it mean? This overbought condition I consider hazardous, not only is a...
Following an extended oversold condition (orange / dark orange column) there is now evidence to support a trend reversal on the above 1-day chart. A regular bullish divergence between price action and the oscillators can be easily seen following a RSI resistance breakout. (Green line & call out). If you are long Ether this is an excellent moment to increase that...
Back in August I publish the idea below on the 6-day chart of a life long trend line Bitcoin has found as support and is now acting as resistance. A rising wedge was formed, price action broke to the underside of the wedge and is now testing resistance. But what if that resistance is broken? The 10-day chart above considers this scenario. The monthly resistance...
Following a 60% correction from August highs and oversold condition (orange column) the above 1-day is now indicating an ‘incredible buy’ opportunity. On the 2-day chart below a bullish divergence is clearly visible with volume following a seller capitulation (tall red candle) with price action testing the lows of March. 1st target $1.40 / 1200% from current levels
Yet another oversold alt-coin, this time 96% from the August highs. On the above 2-day chart following the oversold condition (orange column) we have a month long bullish divergence set up between price action and the Money Flow Index (MFI). Additionally Stochastic RSI is crossing up the 20 = bullish. Is it possible for price action to fall further? Sure. Is it...
At the moment there are many oversold alt-coins presenting an excellent opportunity. However it is important to add not all alt-coins are showing those oversold conditions. In fact there are a number of alt-coins that remain overbought, so be careful. On the above 1-day chart we have a 68% correction since mid-September and an oversold condition (orange column)...
Following an overbought condition (green column) a 80% correction occurred from August on the above 1-day chart. We now have a oversold condition (orange column) presenting an excellent opportunity. Some facts: 1) Past resistance (January 2020) is tested as support. Today’s price action confirms support (orange line). 2) Yesterday’s price action closed higher...
Following a 75% correction from the overbought condition (green column), we now have an oversold condition (orange column). From the above 1-day chart Stochastic RSI is shown as crossing up 20, perfect buy opportunity, following a break of RSI resistance. On the 4-day chart below we can see past price action resistance is now acting as support. Can price action...
On the Ethereum 10-day chart above we have a resistance line that has never acted as support. And our nearest support for price action is -45% below us. We also have 220 days of continuous uptrend (black circle). Looking left, this is something that has never before happened in Ethereum’s history, not even during the great run of 2017. We’re overdue a correction now.
*Short term trade* The above 8 hour chart prints a clear break down of the rising wedge support pattern. Price action should now return to where the wedge began, $7.80. We might see a test of past support confirmed as resistance around $12 but it not necessary, especially on those smaller time frames. RSI is also showing a path of resistance together with the...
*short term trade* Falling wedge break out (below) earlier today now indicating upside to around $36-9 / 45-50%. Trade void beyond November 19th.
Stochastic RSI crosses down the 80 aggressively on this 4-day chart following 144 days of consecutive uptrend! 1st target: 10 cents
The 2-day chart for the above project just printed a Dragonfly DOJI following an oversold period with Stochastic RSI crossing up 20. In fact RSI, the Money Flow index, & Stochastic RSI were all oversold prior to the Dragonfly DOJI formation, a significant move to the upside should now be expected in the near term. As risk / reward goes, it does not get any...
The current momentum in the market is no doubt exciting. We’ve got institutional investors, Paypal, Micro strategy, you name all telling us ‘this is it’. I’m reminded of that ‘Michael Novogratz’ moment back in 2017 when he called $40k Bitcoin before his business lost $272.7 million. Point is, don’t listen. The moment you put them above you in the belief they are...
Following a massive 320% rise since March there is now evidence to support a significant correction is very likely. The facts: 1) The above 3-day clearly indicates a bearish divergence between price action and the oscillators. 2) Price action is constrained within a rising wedge = bearish. 3) RSI support becomes resistance (orange line) following the...
The 10-day chart above is reminiscent Bitcoin trying to hold the $6k back in 2018 until its inevitable plummet. Since December 2017 Litecoin has been making lower highs on the above chart. It needs to smash through $75 and stay there for the 10-day chart to show a trend change. $75 is the key number right now to watch. With Lower highs, the trend is down and...