MusclesCrypto_

MusclesCrypto_

Bears appearing to tire, this could signal a trend reversal.

MusclesCrypto_

Broke up, held the line and we're free. Crypto dies and tech pumps - money moves.

MusclesCrypto_ Updated 

Monthly broke above and maintained above the upper trend line. This could be it.

MusclesCrypto_

I'm inclined to say that's it for BTC. The reason being that most in the crypto space miss the big picture. Weath does not disappear, it simply moves. Just like in December 2017, after BTC reached it's 20k peak, wealth moved back into Tech stocks and NASDAQ which doubled over the last few years while everyone in the crypto space went insane over their...

MusclesCrypto_ Updated 

We should see a resolution to this stall soon, and I believe it will be up.

MusclesCrypto_

Facebook, Amazon, Apple, Microsoft, Google - FAAMG Looks a little hot right now.

MusclesCrypto_ Updated 

You all know the drill by now...

MusclesCrypto_ Updated 

I want to state very clearly this is NOT a complete pattern therefore it is NOT valid yet. I am creating this new thread to continue the analysis I begun in December, as that thread ran on too long in the comments, every call there was correct and it extends from December to February: I trade positionally, I do not trade small swings. So I have been waiting...

MusclesCrypto_ Updated 

Looking to firstly push up to 8282. Retest. Then up.

MusclesCrypto_

Symmetrical triangle continuation. We have now had 3 touches at the top, and are moving up for the breakthrough.

MusclesCrypto_

Gravestone Doji spotted last weekly close. The previous 'morning star' doji did not go well, upon further research it may be because the exact size might not have been as significant in an uptrend. However this gravestone looks clearer. In terms of targets, I can see us moving down to the 50MA at the very least when viewed on the daily which gives us an...

MusclesCrypto_ Updated 

Weekly isn't over but holy f**k if that's not a classic evening star, I don't know what is.

MusclesCrypto_ Updated 

I've now switched my positional bias to short. I think there's sufficient evidence to make that choice. Moving back to the 200MA would be reasonable. I'll continue to document my thoughts in the updates.

MusclesCrypto_ Updated 

See chart

MusclesCrypto_

Price moving pretty much spot on with this symmetrical triangle. Unfortunately the price only really goes one way when the triangle has played out...

MusclesCrypto_ Updated 

Two scenarios, ultimately both are shorts.

MusclesCrypto_

Notes on chart

MusclesCrypto_ Updated 

Following on from my triple bottom reversal analysis, we've seen the pattern morph into a 'descending broadening wedge'. We saw chop yesterday which a lot of people were putting down to manipulation, however none of the original triple bottom reversal criteria (except perhaps the volume) has been invalidated. We now have additional support in the form of the above.