Main thing, BB tightening so volatility incoming! Bullish Bearish Divergence may have played out already with barely any drop IHS might still be in play as the bearish divergence isn't on any higher TF Into the Ichi cloud on D1 so might climb to opposite end Bearish Bearish Divergence might still have gas to drive down a little more south Double top -...
My current long Even though I'm expecting BTC to head north of $4200, I'm looking to get out there and roll over to either MFT or STRAT. I really think this is entering Phase B of accumulation, as noted in the chart. I think we'll see retest of lows or even small break of support. Let me know what you think!
Looking like a prime setup. PROS Falling wedge Bullish divergence at support Weakening sell volume Stoch RSI found support Good RR CONS Barely tapped the lowest support zone. I'm thinking it has to REALLY test it to provide confidence Still has some room to drop. Not at falling wedge apex. I'm hoping to close my BTC long at 4200 and then will roll over to...
At first I was thinking I should long this because of the falling wedge pattern, 200MA support, support at the fibzone, and the good R/R. Also, from the news the FA has lots of potential. However, there are other things that make me hesitant. - Lagging chikou span dropped below candles - Looks a lot like distribution phase D, last point of supply (LPSY) Also,...
Check out that RSI (Purple Line) retest. I'm thinking we dip a bit but that RSI Trendline might be the bouncing point for another Lil pahmp. Let's see how it plays out!