miketheleisureman

miketheleisureman

As I explained in my last post earlier today , the internet rate hike may not necesarily ensure a bull trend because as in nature , the laws of moving averages and other indicators must eventually be respected and followed. The candlestick did Indeed fall bellow a support key level on the 4hr chart following the spike upwards of the bars pump. I still contend...

miketheleisureman

Today the Fed hiked rates by 75 b pts and the news is claiming a pivot and new bull run. careful out there ...today's BTC candlestick on the 4hr and 1hr is not guaranteeing any bull run. If anything caution is needed even more : the 50 MA is slicing through the candlestick bar and the 200 MA is well below and could possibly act as a magnet pulling the price down...

miketheleisureman

Referring to below chart on daily BTC USDT , indicators are leaning short . 4 EMA aligned to bear side 55 MA and 200 MA aligned with possible convergence to death crossover bear version expected in next days . AO in red and negative space below zero MACD crossing down through zero level towards negative space Money flow pointed downwards RSI STOCH apparently...

miketheleisureman

Wish it wasn't the case but I see a little more downside for BTC .

miketheleisureman

Considering MACD still under the 0 line in negative space and the RSI STOCHASTIC overbought and crossed below 85% line , even if RSI were to tick upwards it would likely be temporary and continue it's journey downwards to the 20% line. Staying power is key on this if one is short .

miketheleisureman

Weekly Eerie Echoes Sept 22 2014 Vs Jan 30 2022

miketheleisureman

IMAGE IS 4 HOUR CHART TIME FRAME : FTM at critical level: Resistance level converted to support level on January 15th 2022 when daily chart price sliced and closed above resisitance and reopened above that level which in turn acted as confirmation of resistance white line to support white line. As of 16th January howver it appears that the price exhausted...

miketheleisureman

FTM at critical level: Resistance level converted to support level on January 15th 2022 when daily chart price sliced and closed above resisitance and reopened above that level which in turn acted as confirmation of resistance white line to support white line. As of 16th January howver it appears that the price exhausted itself and ran a touchdown on support...