z3bracoRn

z3bracoRn

as some of you may recall months ago when i was posting accumulation spots, here is the same chart. matic is having troubles breaking this sharp downward resistance. matic has also been holding this $1.40 mark really well. but time is running out, its going to either finally break the resistance or fall further. have a plan for both scenarios.

z3bracoRn

bitcoin has been hanging out on the 3 day 200ma (salmon colored line) . this looks very good. just more confluence added with the ascending triangle. any 3 day candle closes below the 200ma could be very bad. we have some good resistance to get through so expect choppy and probably sideways action. same range we been in.

z3bracoRn

matic is also in a falling wedge like a lot of atls. here is a rough bullish path for matic. the bearish path is break down out of the pattern. we can also see a lot of the alts have a bullish divergence on the daily timeframes.

z3bracoRn

dot is in a falling wedge, chance are we break to the upside in the coming week/weeks. but not guaranteed but a possible scenario. or a fake out to the downside (bear trap) before we go up.

z3bracoRn

spx is currently getting rejected off 200 daily moving average (red line). while we are holding the 50 weekly moving average (yellow line). could go either way at this point, stay cautious.

z3bracoRn

bitcoin seems to be potentially forming another inverse h/s. the target out of this h/s is the same target has the double bottom. i think if bitcoin can break this white resistance line in the coming week or weeks. we can see a pretty decent leg to the upside. i do expect a retest of 40k-42 area.

z3bracoRn

bitcoin is facing a lot of resistance at the 45k area. we have the horizontal resistance, the diagonal resistance, the 200 moving average resistance. the momentum looks pretty good yet. see if we can push through or correct back to around 42k area before we go back up. can also probably draw this ascending triangle as well.

z3bracoRn

here on the monthly dxy chart. everytime the dxy has trended down from this resistance we have seen btc go on a big rally to the upside. rsi is hitting resistance now and we are hitting resistance. will we start to trend down this year and have another massive run in btc ?

z3bracoRn

this usdt dominance chart seems to be showing us the bottoms of btc. the sweet spot looks to be around 4.5-5% dominance over btc. and 2.5-2% for tops..

z3bracoRn

the inverse h/s posted the other day played out to a T! now we are looking for higher highs. a break of 46k would achieve this! coming back down retesting 40-42k would be a normal event to flip back into support. a break of 45k would be the neckline for the double bottom on the daily. which target out of double bottom would be 54k . ill post a chart next

z3bracoRn

larger timeframes btc still is looking good, this 4hr timeframe i think we will either blow past 40k or come back down a bit and could create an inverse h/s. target out of inverse h/s would put us back around the 44k range. i think bitcoin will have some legs sometime this year yet. spring/summer. but we are still under key moving averages.

z3bracoRn

eth is finally giving us a consolidation pattern. i do expect a breakout sometime beginning of march. up or down? who knows a lot of stuff going on in the world anything is possible. make sure to have a plan for both scenarios.

z3bracoRn

eth is still trying to break out against btc. quick update will eth lead the rally again??

z3bracoRn

we could be setting up for a double bottom short term and also a big time double bottom as well. we will probably go sideways for awhile yet and cement some support in, i believe we have found a bottom around the 33k area. but of course it all could change with a big event in the world. conclusion/opinion: we will probably range sideways for awhile and cement...

z3bracoRn

gold has been consolidating for almost 1 year. it has finally broken its consolidation to the upside! 2k area price target. id watch for the successful retest!

z3bracoRn

we have a potential inverse h/s on the daily tf. if this plays out we could see a retest of the 4k range. the 200 daily ma also sits around the neckline. so a break and close above neckline and 200 day would be a bullish sign.

z3bracoRn

im expecting the s&p 500 to have a little bounce in this area. as long as the news stays stable or neutral anyway. this is some decent support plus we could see a double bottom playing out. staying below this 200 day ma. isn't good.

z3bracoRn

this is the 2 week chart. we can see there is a hidden bullish divergence showing up (also on weekly) and to top it off we have a bullish engulfing candle (few days until close) in a few days we will know about that. but we are seeing some really bullish signals on these big tf charts. could be awhile for them to start playing out. the daily also has bounced off...