MonsterSloth

MonsterSloth

Thinking there's going to be a big push on KNC for $6 but a dip to let enough longs pile in. Then send it like it's about to double ath, sumn sumn, 'price discovery', but instead just eclipse it and slam it back down to punish any late longers. We shall continue to observe pa and may be building a long around ~5.05-4.90, sell ~$6 depending on the move, but look...

MonsterSloth Updated 

Potential ETH outlook. Maybe start of double bottom here.

MonsterSloth

My current 2 most likely scenarios. I sure af hope if it does break ~$37k that it just nukes to $30k and then has a violent reaction UP. Otherwise, $20k in play and prolonged bear market. I think that's the least likely of the 3, but it would be absolute MAX PAIN.

MonsterSloth Updated 

If BTC breaks down here, I think it would be looking for the high liquidity area in the $37k-$39k range. People tend to bid round numbers like $40k, but since it seems like everyone would have that same mentality, it would break through $40k before eventually carrying back on towards new ATHs mid Q1 2022... or it just shits itself back to ~$20k lol

MonsterSloth

BTC downtrend continues. Fell below 200 D SMMA which is never a good sign. Need to bounce here and reclaim $45k or I still think we hit $37.5k or lower

MonsterSloth Updated 

just seeing how this plays out for btc. sweep the lows and then back in the same range we've been in the past +month. this to me seems more likely than quick recovery and back to new ath

MonsterSloth

think we may drop here to the $57.5k - $59k area to sweep any stops

MonsterSloth Updated 

Just something I was to keep an eye on...

MonsterSloth Updated 

Just levels I drew on the daily a few days ago. Almost wicked the first resistance area. Just want to see how this plays out. More of journal entry here

MonsterSloth

Faster drop than '14-15 drop... Could possibly lead to quicker recovery?

MonsterSloth Updated 

Just want to see how this plays out going forward... Not an EWs guy just using them to map out potential path...

MonsterSloth Updated 

BTC sitting in Several channels right now. Light blue small time frame heading down bouncing off wall. Then large time frame - two yellow lines. Sitting at the bottom of that symmetrical triangle. Then the mid time frame is more of a sideways channel it's bounced between. All converging here. Need to hold bottom yellow support that goes back to last July...

MonsterSloth Updated 

I'm just interested to see what happens in the next few hours when we hit the red fib cirlce. Interesting MACD divergence on 1D with similar repeating pattern on the 4h from Mar 30 to the April 12th huge green candle. ~12hrs or so should decide the fate. Strong fib support here as we've tested this area multiple times going back to the early Nov '17 fractal before...

MonsterSloth

Should be able to hold this support

MonsterSloth

Could this be in play? Bouncing out of blue box - we've had this current dip after 3rd touch of the "Confirmation Line" Looking for bounce here. Need to hold ~$8200...

MonsterSloth

We shall see... This is a pivotal point for BTC right now. Break lower and we could see sub $8k... Break out and above $9k and we could see another test of $10k