RighteousTA

RighteousTA Updated 

It's a look way down to find support for this asset... WOOF. Look at the RSI back in SEP, 2021. Even the MACD has a long way to drop. This chart looks like a steaming pile of dog S***.

RighteousTA

I think the chart really speaks for itself here. This long term channel that has been projecting for a long time has broken.

RighteousTA Updated 

This year Bitcoin has just been trading within the drawn channel. We officially broke the trend yesterday with a bearish engulfing candle closing below the trend line. This is definitely not good for the bulls and has made me a bear in the short to mid term. All the indicators are adding to the bearish outlook with the MACD about to have some serious momentum to...

RighteousTA

As per usual ETH is following the leader. Although, Ether has been significantly stronger and has yet to fully close below the trend line. Bitcoin did this yesterday and today looks like to be Ether's turn. This move down could be pretty substantial with a likely 20-35% correction.

RighteousTA Updated 

How many times can you smash a glass floor until it breaks? The answer: depends on the strength of the glass. The glass floor that I am talking about is the support at $37,766. From the span of Feb, 27th to March, 14th we basically tipple bottomed here. Fast forward to today we have wicked down to this level 4 days ago and are approaching it again. Can this...

RighteousTA Updated 

The Total Crypto Market Cap is set up for a huge move by October. The large ascending triangle pattern that we've been within for 462 days will soon come to an end and I am holding a bullish stance for a few reason. -The weekly ascending triangle pattern -Hidden bullish divergence on the MACD and RSI -Momentum shift on the MACD -Staying above the trend line from...

RighteousTA Updated 

This market always keeps you on your toes. Yesterday's candle close was impressive for the bulls, engulfing the one of 4/17.and could be the first sign of a trend reversal. The RSI is looking nice with a funky head and shoulders formation. The weekly MACD has flipped a few days ago but not too much volume yet. The daily MACD seems to be lagging the weekly and...

RighteousTA Updated 

We could definitely take off from here but a pullback could offer one killer entry.

RighteousTA Updated 

First daily candle to break the trend. Keep an eye out for where this one closes, It will be interesting to see what happens here. We could wick pretty hard around 12%. or just capitulate. This could be a bear trap but it's just too good of a trade setup to not open shorts with the physiological resistance of 40k right overhead.

RighteousTA Updated 

Today's daily candle has just broke through an important resistance at $1.20. Currently, I am waiting to see where today's candle closes which could also paint a higher high breaking the midterm downtrend. Time after time in this assets history bouncing off $1.00 results in a rally to around $1.50.

RighteousTA Updated 

Stellar Lumens is testing a key resistance at $0.243, if this can be flipped we're looking at some huge targets. $0.341 $0.393 $0.425 I really would not be surprised if we blasted right through like on January 6th, 2021

RighteousTA Updated 

It has certainly been a fearful few months here in the crypto market. We may be coming out of the woods unscathed. -Nice rally off trend line -MACD and RSI have been able to cool off -Hidden bullish divergence on RSI -Huge sentiment shift

RighteousTA Updated 

Wow, what a run this K9's had. Look at how low we are on the MACD. I want to see SHIB hold support at $0.00003096 and if that can happen the sky's the limit.

RighteousTA Updated 

Breaking out of a bullish pennant pattern with confluence of the target move meeting resistance at $33.00. MACD momentum adding confirmation to the pennant pattern.

RighteousTA Updated 

Could see Litecoin back around $125 by the 24th of March. A break out of the ascending triangle will get us to the $125 area. From here Litcoin will face resistance at $140 but if Litcoin can switch $140 to support the range will be up to $200.

RighteousTA

Fundamentals aside, the technicals are looking very promising. Our last low was higher than the last and above key support, $0.579. Right now the asset is working on it's resistance created by the candle close of 16 May 21, at $0.787. Breaking this resistance could trigger another candle like the one of 09 Aug 21. To add some confirmation to it all the MACD is...

RighteousTA

Bitcoin is looking like the bottom is here. On the 4H you can see a double bottom and then a higher double bottom. To add some further confirmation to the changing trend we can see bullish divergence on the RSI. We obviously still have some work to do here in terms of using 42k as support, from there a 50k BTC could definitely be in the cards.

RighteousTA Updated 

I'm starting to become bullish here. Bitcoin is still above $40k which has been a support to rally off in the past. -Bullish Divergence on the 4H -Sitting at the .618 -Pending positive momentum -Physiological support