the.code.sergeant

the.code.sergeant Updated 

Hey there! I'm long in the long term, but I think a correction is healthy and indicated on the monthly chart most clearly. Hope this helps to clear things up!

the.code.sergeant

Buying between 68 and 76 with a TP target of 130usd

the.code.sergeant Updated 

On the 4 hour, a break down of a micro wedge within the macro wedge may trigger the creation of a head and shoulders pattern, possibly triggering the breakdown of the macro wedge. If this happens, the next major decision point would take place at the 200 daily sma. If it acts as support, more bullish action seems likely. If it gets rejected there, I anticipate a...

the.code.sergeant Updated 

We're smacking right into the 200ma on the daily chart and the battle is intense. We're currently in an ascending wedge still, so nothing is confirmed one way or another just yet. In the next few hours we should have an answer. Will the price drop against the wedge's upper line, or will we be rejected at the 200ma and correct for the next weeks?

the.code.sergeant

Next week, if the ETHBTC price settles above the key weekly resistance, I think we'll see a solid rally vs BTC for the coming weeks.

the.code.sergeant

We're still in a bear market on the daily chart. BTC is attempting a relief rally that could run to 43k, but has to successfully test all of those other levels pointed out in blue. If it does hit 43k, there's going to be MASSIVE selling pressure due to the respect people have for the 200ma as a resistance level. If it does get rejected there, the Ghost of FUD head...

the.code.sergeant

Ok, it's looking like the bulls want to run for a moment. As tempting as gaining another 11% return might be, I'm going to sit this rally out. The chart shows how I think it'll play out. The reason I think this'll be a short-lived rally is because of 2 key moving averages, the 50 and the 200. All eyes are on those, because the crossing of the 50 down below the 200...

the.code.sergeant Updated 

Continuing the previous post with some updates to a newly formed head and shoulders that's about to hit the neckline

the.code.sergeant

Hey all! I see 2 paths for BTCUSD right now. It just bounced off the upper bound of the channel it's currently in, but it's still above the major trendline. In the bullish scenario, it settles above the channel with some strong volume pushing it to 38-40k, bounces from that resistance, but then closes above the current channel. This would likely drive up a...

the.code.sergeant Updated 

Hey all! From the looks of things, I don't believe BTCUSD will be able to settle above the massive 36k resistance formed by its previous major Volume Point of Control in any meaningful way in the timeframe necessary to save it from the true dip coming. I expect 28k will be another key place the bulls will try to hold, followed by a massive selloff down to 18k....

the.code.sergeant

Hold onto your butts. Hopefully you took profits when you had the chance. See you in a year or 2!

the.code.sergeant

I think there could be some massive capitulation happening in the next few days, determined by how the next 2-3 days plays out on the daily chart. BTCUSD is looking like it wants to test 32k again, where it will likely fail with a weak bounce, followed by a test of the next support levels. It may catch some support at the 27.4k previous Volume Point of control,...

the.code.sergeant

ADAUSD is attempting a breaking above the $1.80 overhead resistance on the 4hr charts. If it closes above this level on the next tick, I expect a test of the following resistance levels: - $2 dollars - $2.43 - $2.83 It's also looking to outperform BTC right now, so I'll take this run instead of the BTC run thats about to happen

the.code.sergeant

Updated some of the levels and drawings

the.code.sergeant

I've seen a lot of these log curve drawings out there to predict the price of BTC peaks and valleys, and decided I needed to try it out for myself. Pretty interesting actually. The zoomed out numbers point to this cycle's low being at around a 20k support close on the monthly resolution. That also seems to line up with what I'm seeing on the 4hr, the daily, and...

the.code.sergeant

In a previous post, I zoomed out to see the macro trend forming. Here, I'd like to point out a VERY RISKY opportunity showing itself on the 4hr charts for BTCUSD. From 37k to 48k is about a 30% scalp if you can stomach the need for your undivided attention. Otherwise, just interesting for historical purposes to see if BTCUSD is as predictable as one might hope.

the.code.sergeant

** DISCLAIMER: This is not financial advice. This is my opinion only, based on personal experiences. Never blindly follow the advice of some dude on the internet. Do your own research, and don't invest more than you can afford to lose.** I'd like to do a little timeline of events that I think are likely to happen if history does in fact rhyme. From the current...

the.code.sergeant

It looks like an ascending triangle is forming on the 1hr and 4hr BTCUSD charts. The resistance at tip of the triangle seems to be around 43.5k. Careful out there!