rlando

rlando Updated 

Forecasting some potential cup and handle formations for BTC using trend based fib extensions and trend based fib time. Assuming a .382 fib retracement, each handle assumes a local bottom at around a fib time line. Overheated oscillators provide some evidence that a short term pullback is in order before continuing BTC's bull run post-halving. If we get a...

rlando Updated 

My recent idea of a rising wedge bearish continuation pattern may be invalidated at this point because of ETH's pop up the 3k (unless i'm willing to accept the blemish of a large fakeout breakout). However, it still remains that things are looking overheated on multiple time-frames (w.r.t regular candles). Moreover, volume has been decreasing throughout this...

rlando Updated 

Simple chart. I posted a while ago thinking the wedge shaded in white was legitimate. While it did break down, it appears we simply formed a larger wedge pattern. Not perfect, as we've wicked above and below the containing boundaries. Moreover, Volume has been a downtrend throughout the development of this pattern. Another strong move up, totally clearing the...

rlando Updated 

ETH appears to be pinned between the lower line of a rising wedge and its vwap taken from all time high. Moreover, the 20 period bollinger bands look more pinched than my bum when rushing home after eating too much P.F. Chang's. I think volatility will pick up with a very strong move soon. Either we blast up above that vwap over $1950 and stay in the wedge, or we...

rlando Updated 

The curved volume throughout the pattern me less confident about it. Volume doesn't start decreasing until almost half way through the wedge. What are any of your guys' thoughts, truly curious. Additional note, ETH is approaching its VWAP taken from ATH, we'll see in the next few days if it proves to be a legitimate area of resistance. Above that volume profile...

rlando Updated 

ETH is forming a similar pattern with it's VWAP taken from ATH as it did in 2018.

rlando Updated 

ETH has had a fantastic run up, As of now indicators are starting to look overheated, I outlined some potential upper lines of a pennant formation, as well as a parallel channel scenario as well. Some further upside is possible even though rsi's are overheated (stoch and regular), volume has been declining as we've moved up, and money flow is showing negative...

rlando Updated 

While admittedly having no clue as to what's going on right now, I see two paths for BTC. One considers reclaiming the levels we dumped to in spring 2021 as support (BULLISH). The other assumes we form a local top at current levels and establish a megaphone pattern (BEARISH) pivoting around the 1.4 fib line. Only time will tell.

rlando Updated 

AVAX is at its point of control (price level with highest volume traded over entire coinbase price history) while appearing to be in a newly established descending wedge reversal consolidation pattern. Granted, buyers did marginally outweigh sellers at this level. 60 period money flow is steadily remaining curved up and approaching a positive crossover. I see 3...

rlando

BTC playing pinball in the VWAP lines. We are currently suspended at the anchored VWAP line taken from the 2020 covid low. Anchored VWAP lines by convention are taken about the highest volume spikes near significant local highs or lows throughout BTC's history. If BTC breaks resistance at the current VWAP line, expect the next target to be the next highest VWAP...

rlando

Bollinger Bands are pinched signalling volatility has slowed. Looking for volatility to pick up once again with a move to the downside. 14 period RSI trending down & 60 period MFI starting to curl down as ETH consolidates upward in contradiction. I'm looking for ETH to retest major moving averages -> 200 Day (~$1400) & or 20 Week (~ $1350).

rlando Updated 

ETH on the other hand looks like a pro fibonacci pinball player. Currently ETH is sitting around the 1.272 fibonacci line following an aggressive breakdown and recovery from the preceding symmetrical triangle. The breakdown hit a standard trade target level establishing a new downward parallel channel/flag. Flags are usually thought of as continuation patterns,...

rlando

BTC has been wrestling with the 19-20k range for quite some time now. Comparing to the last bear market (2018), BTC has found support on its anchored vwap line taken from the peak candle of the bull market preceding it (2013). If we do the same (i.e. take the anchored vwap from the peak candle of the preceding 2017 bull run), we can see that this is more or less...

rlando

Bollinger Bands are beginning to pinch. Expecting volatility to pick up in a climactic move around the time of the ETH Merge to PoS. I see this coinciding with a retest of the 20 week avg.

rlando

$1280 seems like a natural level for ETH to find some solid support based on the volume profile measured from ATH. Before getting there however, there's potential for ETH to make it's way back to the 20W moving average again. Waiting for more confirmation on potential bullish divergences in the rsi and mac d to support that scenario. Regardless, I think $1280 gets...

rlando

Not much to say here, wrote most of what I wanted to say in the related idea. Just noticed the similar topping patterns coupled with 1D 14 period rsi crossing below its VWMA & the MFI 60 about to cross negative + showing negative divergence with the price action. The 1 fib: $1700 has held so far.

rlando Updated 

ETH has hit resistance at $1700, a level that was support on a handful of occasions dating back to May of 2021. Reclaiming it as support may suggest ETH has more upside (perhaps to $2100) in the short term moving forward. However, If ETH fails to reclaim $1700 and convincingly hold as support, I believe we at least see a reversal back to upper bound that ETH was...

rlando Updated 

I've been looking at peak anchored VWAPS recently, and they seem relatively significant from what i've seen. Unless BTC continues blasting up above it's current short term resistance line, I believe we're in a clear ascending wedge. In a downtrend these tend to signal bearish continuation. The 2013 peak VWAP has coincidentally looked like an area of significant...