laterrasanta

laterrasanta

Most of the time, there is a correlation between the SP500 index and it's volatility. As you can see in the chart, a trend reversal occured in SP500 almost everytime VIX dipped. Now, SP500 is at a major resistance and the VIX is at the lowest level of the recent time. It wouldn't be surprising to see a reversal for SP500 at this point. Where can be a recovery...

laterrasanta

There is an AB=CD pattern that targets the channel lower band. Also, EMA 200 coincides the lower band. These two arguments renders the channel lower band a strong support which makes me think that this can be a reversal level.

laterrasanta

the only way bitcoin can go up is to break the channel upwards while crossing the averages up. the 50 and 100 period moving averages act as a resistance while 200 period moving average can potentially act as a support in case the price goes down to the lower band of the channel.

laterrasanta

Daily RSI touched it's major resistance four times before, now is the fifth. All of these interactions caused a huge drop before, except one. Beginning of this RSI resistance is dating back to the beginning of the 2021, it has never been broken so far. Also there is a very strong resistance at 1730$. I advise you to be extra careful when opening a long position.

laterrasanta Updated 

Wedge breakout occured. We got a nice volume as we desire. RSI resistance is broken. Price also crossed up the Fibonacci retracement level 0.618 The setup will be more reliable if it crosses up the 4h 200 period SMA, the red one. You can hit the like button if you want to appreciate my work and motivate me.

laterrasanta Updated 

There is a giant descending wedge pattern, which was triggered with a decent volume already. Now the price is squeezed between the resistance at 1.25 and daily SMA-100. You may want to wait for resistance breakout at 1.25 before buying. When you draw a Fibonacci Retracement from A to B, you will see the level 0.618 coincides with the wedge target. So, it...

laterrasanta Updated 

SMA's gathered together tightly, which is a sign of imminent and sharp price action. 98$ is a strong resistance but has been tried many times and got weaker. The resistance on the RSI got broken after a long time. Volume is tiny but still not very bad. A higher volume in the resistance breakout can still render the setup stronger. You can consider buying either...

laterrasanta

The price got rejected from where daily SMA-200 and trend resistance meets after making a HH. Later, it hanged down below the 45-46k support zone but recovered quickly with a long lower shadow marking a bullish stance. Now the price is squeezed between the SMA-200 and support zone. In case we go down, 42k would be our first stop which is the meeting...