Welcome, don´t really know if I would call it a rally or a bounce but I do think we have some upside here, this is why: 1. after those two wicks stopped out and liquidated people left and right, price still closed well above the bottom of the bullish orderblock - the demand has not yet depleted 2. we have a swing failure pattern on a 4 hour chart: whenever that...
Welcome! A short (but powerful) analysis on btc dominance. What we are seeing now is very encouraging for all the people who either trade or invest in alts. I am confident that we are right before an altcoin trend reversal and here´s why: 1. from a simple market structure standpoint we now have a very clean set of lower lows and a confirmed lower high on a ...
Decided to do a little follow up on my previous idea (below, under "Related ideas"). It took longer than expected but we finally seem to be getting that downside move. 12h time - frame says it the best here really: 1. my MAs are having a nearly perfect sell signal 2. structure on the lower time - frames has been clearly broken 3. 9350 is the key pivot here,...
Once again a clickbaity title, but if you came here just based off of that you should feel a little guilty as well eh? Nothing is certain in our game. With that being said, I think I can deliver what was promised, have a look below.
Very simple stuff here. The run from 7.5k all the way to 10.5k was certainly fun but it didn´t came without a cost. Looking at the RSI, we have a confirmed hidden bearish divergence on the 1D and today, assuming we close below 9300 or so, we are going to confirm it on a 2D time frame as well. Potential target range is between 8.4k to 8.8k, with special attention...