paper_Trader1775

paper_Trader1775 21 hours ago

It seems BTC tested the midpoint of the upward parallel channel and it's all time high. It briefly made a new all time high but return back to the value zone and 21 EMA. If price fails structure, bulls may see low 115K price has next target. If we get some bullish activity we might see 120K but bulls need to clear 120K to hopefully make another all time high.

paper_Trader1775 22 hours ago

Bulls need price to break above the downward trend line and also break out above the consolidation in the black box. If that happens price next target will be in the 24 cents area.

paper_Trader1775 22 hours ago

Double bottom forming on support of upward parallel Channel, Bulls need a clear break from the 21 EMA in yellow ( 0.23184).

paper_Trader1775 Aug 14

Doge is in an upward parallel channel. It must maintain structure and price must close inside the channel; price recently tapped the 200 EMA and is currently hovering around the support of the channel. There is also a strong bearish RSI divergence.

paper_Trader1775 Aug 14

If the Bulls can keep price above 120K and maintain the channel structure or have a bullish breakout the RSI divergence threat will be of no worry. Please see chart for key levels.

paper_Trader1775 Aug 14

Price has recently touched a Demand Zone. Price is right under the 50 EMA. Will price return to the 40$ price range or will the sellers/shorters bring price down to the 35$ price area? If price can claim the 50 EMA and make Higher Highs and Higher Lows, the bulls can say this is just a pull back.

paper_Trader1775 Aug 14

Bears marched on below the 50 EMA and the midpoint of the parallel channel. Bulls had hope with some consolidation around the 50 EMA, but the bears carried out the bearish MACD(Chris Moody) cross over. Now price is testing a hypothetical trendline which has been solid from April 22 2024, which is also the support of the parallel channel. Bulls need to reclaim...

paper_Trader1775 Aug 14

BTC has a nice EMA line up 10 21 50 200 EMA. However it seems to be facing resistance around it's all time high where it wicked up the 123K area. If resistance forms around here we might have consolidation in the form of an ascending triangle. Also, in the hypothetical ascending parallel channel; price has reached the midpoint. A pullback and consolidation is...

paper_Trader1775 Aug 12

RIOT is consolidating around the 50 EMA. The last two pull backs to 50 EMA were very bullish. RIOT is also on a trendline. If RIOT breaks upward price may target the 21 EMA 12.20, If price breaks downward; price may target the 50 EMA 10.33 and possibly the 9.00 area by the Demand Zone. Please be careful, and watch out for fakeouts.

paper_Trader1775 Aug 12

Price needs to surpass the 12.00 key level to cycle back up the downward parallel channel.If price can not beat that key level we could see price retreat to 10.59 price area.

paper_Trader1775 Aug 12

Double bottom formed and passed and now we are entering the phase of the asymmetrical triangle. Please see chart for key levels

paper_Trader1775 Aug 11

BTC is currently fighting resistance in an upward parallel channel. BTC needs to close above 119,883K and make Higher Highs and Higher Lows unless it may possibly return back to the support of the channel which happens to be the 50 EMA(in blue).

paper_Trader1775 Aug 9

BTC is at a binary point on the weekly chart consolidating at oversold levels and bearish divergence. But here on the lower timeframe there is possibly a bullish consolidation in the form of an ascending triangle. Bulls need to maintain the trendline and clear 117,000 price area, the bears ultimately want 115,900 prices. Please be careful of fakeouts and be...

paper_Trader1775 Aug 9

Can the bulls finish the assignment? The bulls needs to make HH and HL from 3,880$ resistance area to not be a fake out and then battle 4,632.60$ resistance area. Bulls put in work around the 50 EMA (in blue) but can they make light work of the resistance levels. Oscillators are clambering oversold, MACD(Chris Moody) is still bullish. This is crypto please be careful.

paper_Trader1775 Aug 7

The bears have defeated the 50 EMA. Now can the bears defeat the support of the upward parallel channel or will the Bulls cycle price back up. Bulls need to move price Higher and stay away from the 11.56 area. Tomorrow the weekly candle finishes printing.

paper_Trader1775 Aug 7

Is there a double bottom forming on the trendline? RSI may break the midpoint and reach the 50 levels? The CCI at this time is hooking up. Stochastic RSI is currently hooking up and K is 38.02 and D is 28.06. MACD (Chris Moody) is currently close to turning bullish. If the golden cross happens the bulls maybe be in for a pleasant surprise. 200 EMA orange 50 EMA...

paper_Trader1775 Aug 7

**SHIBA INU Price Action: Analyzing Support, Resistance, Trendlines & Moving Averages** The chart for SHIBA INU/US Dollar reveals a fascinating technical landscape, packed with actionable insights for both short-term traders and longer-term followers of the meme token. Let’s break down the key takeaways and highlight why the trendline and the 50 EMA deserve your...

paper_Trader1775 Aug 7

technical analysis (TA) on this Bitcoin/USD 4-hour chart highlights several key elements: - **Trendlines & Structure**: There is a prominent descending red trendline marking current resistance, showing that price has been consistently rejected at lower highs. - **Moving Averages**: the plotted the 50-period (blue) and 200-period (orange) moving averages. The...