zachvn

zachvn

$BTC Scenario that I'm keeping my eyes on. If we do get the bounce back up to around 35k I'm not ruling out the possibility of another lower high to form a descending triangle. Of course I would like for it to make a higher high to negate this possible formation, just trying not to have a bias

zachvn

If BTC doesn't smash right through resistance right now then these are the two bitcoin plays that I'm looking at. BTC either comes back down to retest the diagonal resistance at around 18.8k to turn it into support or comes back down to fill the CME gap. Bitcoin has been able to stay above the lower line of support since breaking above it back under 14k and I...

zachvn

I have entered a long on YFI at 24200. If YFI is able to show stability above the bottom trend line I may add to my long. It has also been supported by the 4/h 200 EMA. If this short term downtrend reverses I'd expect it to run back up to 28000 and if it is able to break the downwards resistance we may be able to see it retest the line of resistance to make one of...

zachvn

I have redrew the upper trend line so that it fits this consolidation pattern better. Bitcoin looks to have broken out of the symmetrical triangle, also formed a bullish inverted hammer after it came back down to retest the upper trend line. My analysis states that it might go sideways a little before another leg up. (needs volume to come in to confirm the bullish retest)

zachvn

If BTC gets rejected by the top trend line I will be eyeing a bounce off the bottom trend line (where the 200 MA & POC is) to ultimately break out of this triangle

zachvn

DMG has formed a falling wedge and looks to be breaking out. It has broken above the upper trend line of the falling wedge and came back down to retest the upper trend line of the falling wedge (Bullish Retest) - (0.24c is also support) Lets see if it could hit my target of around .33 cents just underneath where the 4/h 200 moving average is

zachvn

NASDAQ - 1W - The NASDAQ has broken above previous all time highs to make new highs. Since new all time highs it has came back down to retest previous ATH as a S/R flip or as a bullish retest of previous ATH.

zachvn

4H COMP - Perpetual Futures FTX - COMP has broken out of the descending resistance and has retested it all while forming a low, a lower low and as it retested the descending resistance it has made a higher low - I'm long at 159.25 with a SL at 156 & TP at 176.25 - Without leverage risk is 2.04% & Reward is 10.68%

zachvn

BTC 1D - BTC is currently in a falling wedge and is holding the bottom trend line support. Technically falling wedges break to the up side 70% of the time - There is also declining volume which indicates a big move coming most likely within the next couple days as Bitcoin is running out of room and is getting squeezed between the top of the falling wedge and the...

zachvn

I'm looking for a break down to 8.5k where there is support and the 200DEMA as support, then another bearish retest of 9k (which would make a perfect short opportunity) then another black Thursday dump especially cause Covid is picking up again and they're talking about "wave 2" lol - I'm seeing some similarities between now and the big drop last march. At the top...

zachvn

BTC 4H Coinbase - Each time we get to the top of the trend line we have gotten a strong rejection off of it - The 10k level is the level to claim for the bulls. First we would have to get over the 9792 high but I just don't see it happening especially after the last drop. I was thinking we may get a weak bounce here and roll over to form a H&S pattern & if the...

zachvn

The more it touches resistance the more it weakens it - I think if we get another run to 10.5k we may break it especially because we've been consolidating under resistance for a while now and have managed to make a couple higher lows - 10k lvl is key resistance for me 1. It is psychological resistance 2. it also lines up to where the macro support is that we have...