There are some serious similarities on the bitcoin chart.
You can see the top applied to the 2 most recent ranges does look similar. Then, if you figure; the first top/drop/range, led to another similar patter that looks like the top/drop/range, well maybe this could happen again... another drop range
If so it could potentially look like this. Total guesstimate,...
The next support levels are pretty clear. IF we dont get a retracement in the next hour and aim towards the fib levels marked, then the next leg down is $33,000
Zoom out, and really, we are just bouncing off a very clear support level.
While this is happening, I am focusing on scalping opportunities, staying liquid unless something compelling comes up
I am not...
2 hour view of bitcoin
5 consistent fib retracements to .702, or just before/just after or continuation.
Bitcoin is behaving quite consistently at the moment
#bitcoin #btc $btc $bitcoin
You can see how the bullish divergence formed on the OBV
It was confirmed once the price action closed up
I have set an approx TP based on .702 retracement from the start of the last big drop, retracing up to .702
Will stay flexible though
Will watch out for the new trend to breakdown, using stop loss, but equally, will stay flexible on the upside and if a...
I am using btc to decide when to buy in and sell my ADA, for a higher return
I waited for the bounc, having predicted 32K... it bounced right below 32K
a retest would be nice but I am figuring we have hit bottom and I am looking at a retracement to 26K, initially
this graph shows a fib retracement on the last btc drop
My target is 36K
I havent measured where...
Lesson learned, zoom out.
Monthly view. And yes sure, hindsight is 20/20, however, we oculd have seen this coming at the beginning of this monthly period.
Lesson learned.
Xrp in clear uptrend (hurrah!)
Bullish pennant - very clear
Moving to make or break point of pennant
And looking to when it flips macd positive
Past resistance serving as a price target (range around $1.83 - $1.96
Strategy is to take profit and place into an Oracle and perhaps a DeFi
$TRX seems to be respecting the ma20 to n the 4 hour chart as support.
I expect it to drop until it meets the ma20 then move up again untill somewhere around .177/.178/.179
It appears it could be a few days before it tests .179, maybe 3 days or so, but who knows, if btc moves, everything moves so watch btc, watch the bounce up from ma20 on trx. Stops to save, if...
Need to wait for confirmation on this one...
It followed my lines but then moved up again, seems to be through the trend line, will need to wait for confirmation...
I reckon if we push up a bit past 1.71 we could see a breakthrough
Or it could go sideways and range across the channel until it meets trand
Or it coiuld breakdown and head to the bottom of the channel
I I was gambling (which I amn't!) I would say it is likely to go side ways or up a little and sideways... hit trand and then push up
I am not very impressed with BTT.
It really doesn't seem to want to break out. That said, it does reject big price drops, however it seems at home mid channel.
It would be a risj to buy this unless it shows a clear breakout of it's channel and tests the breakthrough.
I wont be buying, not at the moment, risk on
