Riester

Riester

Since September 2019, YFI has demonstrated beautiful examples of trading patterns. H&S, volume divergence, RSI divergence, S/R flips, ascending triangles. Study and learn from this.

Riester

- S/R flip of 62000 sats (blue level) - holding daily 100 EMA (orange line) Target weekly resistance @ 0.00001366 (red level) for a 70% move

Riester

If we reclaim the previous high --> break in bearish market structure I will buy spot If we reject the previous high --> lower high made = bearish market structure I will look to buy the dip @ 0.0076 (green region)

Riester

- holding daily 100 EMA as support (orange) - momentum bullish divergence. Price made LL, momentum made HL - sitting at known demand zone (blue)

Riester

Daily Demand @ 0.01 Bullish divergence Retest of daily 100 EMA (orange)

Riester

Reject MSB (red region) @ 4050 --> lower high made --> bearish market structure Flip MSB (red region) into support, tag fibonacci extension @ 4550.

Riester

ALPHA looking like FTM did before breaking resistance. ALPHA making higher lows (black trend line), so expecting a higher high beyond @ 3850 sats (purple region).

Riester

Market structure breaker (MSB) @ red line = 31600 sats Break the lower high @ 31600 and we tag range high @ 40000 sats. Reject and we tag 4H demand @ 26500 sats

Riester

RSI momentum bullish divergence. Price = LL RSI = HL CAKE has hit the pre-marked 4H demand zone that preceded the rise beyond its ATH. Bounce coming.

Riester

To decide "bullish or bearish" we must first determine the definition of bullish/bearish Bullish = higher lows, higher highs. Like an ascending staircase. Bearish = lower lows, lower highs. Like a descending staircase. BTC made a lower low (LL) with the wick below 47000. Bearish Market Structure Breaker (MSB) is at the previous high @ 56500. Reject MSB, lower...

Riester

1. Triangle consolidation 2. 4H 21/100/200 EMA support 3. 4H supertrend Target the red line @ 498 sats

Riester

Both finished a clear impulse with a diagonal (rising wedge). The question is whether or not ETH follows BTC and retest demand? RSI can't be used alone, but there is clear bearish divergence. If ETH breaks the ascending trend line support, my target is the previous range high @ 2640 Invalidation of this bearish scenario is if ETH breaks Market structure. MSB is...

Riester

1. Range EQ 2. 4H supertrend 3. True Vibration momentum indicator is almost reset (specific to my strategy)

Riester

Taking profit on CAKE/BTC after a 220% rise from entry. Yes, we broke its previous ATH, but there are two good reasons for being bearish. 1) Bearish divergence across the board (volume & RSI). 2) We should backtest that previous ATH (red line) as support. BTC, ETH, and others consolidated around their previous ATH's for a while before making another impulse up....

Riester

Holding 62 sats as support, and what a beautiful S/R flip. Target @ 130 sats for 75% gain from current price.

Riester

BZRX holding support @ 126 sats. Target 1 = 265 sats Target 2 = 625 sats Once we break out of this trend line resistance, it's off to the races! We are consolidating just beneath resistance, with sell pressure diminishing as each selloff gets bought back.

Riester

According to "Elliott Wave Principles" the 4th wave of a Primary impulse tends to enter the range of the 4th subwave of wave 3. That would mean we go to at least 42000. Historically, BTC has had 4th wave consolidations from May --> July in 2013, 2017, and now 2021? 4 year cycles, 4 years apart, same PA... spooky. In conjunction with this, there has been an...

Riester

Expecting we show strength by flipping the important S/R area @ 51500. If we hold then the next supply zone is 59500 (4H supply). From there we will take it level to level, but I expect strong sell pressure at the daily supertrend / 4H supply / 59500.