Yung_Crypt0

Yung_Crypt0 Updated 

$RKT is coiling up, getting ready for a move, and in my opinion is forming a descending triangle, which are typically bullish patterns. The 1 hr also shows a bullish divergence on the RSI, the volume is also dying down, but continuing to go down which is a bullish divergence as well. On the daily price looks to be forming and even greater coil meaning an even...

Yung_Crypt0

The weekly chart speaks for itself, BTC has been in a massive traingle since 2017 and it looks like its finally coming together, if this plays out price will shoot above 20k. Retail wont hop in until it does then fomo will push it to 25k+ before the dump happens. But the daily shows that a retrace might happen before its ready to run. Right now there's a...

Yung_Crypt0

We’ve retraced to the .618 and now we’re just kind of floating in between the .618 and .5 Im leaning more towards the bearish side and I’m looking to grab cheap puts in June where I can find it. I’ll probably grab a few calls to hedge, but I’m just having a hard time being bullish right now. I know there not any trend lines are anything, but i can’t find any...

Yung_Crypt0 Updated 

BTC broke out of triangle a few days ago, but the volume it broke out with leaves me suspect. Now price is hammering support at 5985, and demand overall looks weak. Unless BTC can show strength, volume really picks up, and price can climb above 6k and have a few candles close about it, I'm short. Looking at the long term chart, we are still inside the...

Yung_Crypt0

Boeing, which was a leader of the DOW on the way up, is also leading the way down in dramatic fashion. To put it into perspective how bad this had been, the two horizontal blue lines represent the two 737 crashes, and after the March crash all 737 Max planes were grounded; afterwards Boeing started to trend down, making lower highs and lower lows. The red...

Yung_Crypt0

If we breakdown out of this triangle then get ready for more bloodshed.The volume lines up perfectly and we've come completed about 70% of the pattern which is about the time you expect the move to happen. With the way the world is right now, I highly doubt we see some crazy bounce from these levels when the global market is swan diving.

Yung_Crypt0

Coming to the end of a triangle pattern, this asset has been coiling up like a spring with tighter and tighter range bound movement. Taking into account that hoilday season is just around the corner, I like this asset going forward

Yung_Crypt0

Aiming for at least another 5-6% out of this next week

Yung_Crypt0 Updated 

10x leverage with 2% of capital Entry: 8175 Stop: 8100

Yung_Crypt0

Volume analysis matches up beautifully with the H&S, and there's also a bearish divergence on the RSI too. All of this points to a reversal. The measured move of the H&S pattern has price falling to $115 which should act as pretty strong support, and this also falls on a important trend line as well. Holding & confirming this as support is cruciall if price is to...

Yung_Crypt0

Price is ranging within a massive triangle pattern which measures $17k... The apex of the triangle lines up perfectly around $bitcoin's halving event could act as a perfect catalyst for volatility. Once price starts moving, retail investors will start hearing about halving and fomo into this asset shooting price up that much more. I expect that once new highs are...

Yung_Crypt0 Updated 

Price met the 1.618 fib almost perfectly. This asset is also trading in a rising wedge, bearish, and is fighting the trend line now. Price is making higher highs but the RSI is making lower highs which is a bearish divergence, indicated by the red trend line. On the weekly I see an even more egregious bearish divergence, and an rising wedge pattern too. All...

Yung_Crypt0

Demand stepped in at $150 and held support beautifully forming a rising channel while simultaneously forming a triangle pattern inside the channel. I also see a bullish reversal divergence, price made a lower low but the momentum indicator made a higher low, giving me more confidence. As you can see the measured moves have serious potential. Breakout of the...

Yung_Crypt0

Well after over 100 days of consolidation, the bears were the one to step up and start this huge sell off. I think people were putting WAYYY to much into the BAAKT launch and when that was a dud and the selling started it was a domino effect. As this continues I'll be watching these levels for a possible reversal, and if price falls below 5k I'll be stepping...

Yung_Crypt0

This asset has seen some massive selling over the last few months, but looks like demand might finally be ready to step in. Right now I see a breakout of a falling wedge, bullish, and the measured move of the wedge is around 30%! Buy side volume looks to be increasing, there's a slight bullish divergence on the momentum indicators, and as long as we can stay above...

Yung_Crypt0 Updated 

Well it's looking more and more like this is going to be a deeper correction which could easily take us to the mid 8000s and if that doesn't hold than next would be mid 7000s. As of right now I see $BTC traveling in a descending channel and is currently testing the eq as support. The demand zone, indicated by the rectangle, has already held us up 3 times, and now...

Yung_Crypt0

If this triangle pattern plays out, we'll see price breakdown to the S3 pivot minimum... The 1.618 fib lies just beyond that so you could MAYBE look to catch a bounce somewhere down there, but I wouldn't.

Yung_Crypt0

This has been a pattern playing out for the entire year of 2019, and looks like in the next week or two it could start playing out. IF this happens and we see sub $120 prices no problem. Also, take into consideration that there's a bearish divergence on the RSI, higher highs in prices but lower highs on the indicator.