CapMoore

CapMoore

Resistance and support levels above the (green) trendline and below the current lows (white line zone).

CapMoore

Price has topped out in overbought territory, above the upper band of the Pitchfork. It is now seeking support by the median line/Yearly R3/Monthly R2 and the Kijun Sen (White equilibrium line). Chances are we will see a bounce from here if price closes above the Kijun Sen (0,064422). If a close below this level and a close below previous lows at 0,0609, chances...

CapMoore

Price has completed a rather perfect AB=CD pattern (see small letters). The D-target was @63K and ATH was reached earlier and somewhat higher @ 64,9K The retracement of the AB has followed perfectly the fibonacci levels. Last weeks drop reached the 38,2 fib and this weeks sharper drop nicely bounced off the 61,8 fib @ 30,6K. If we make a larger AB=CD pattern by...

CapMoore

Solana is breaking out of the Flag and the projected target, measured as the length of the pole, is at 70.00. If price returns inside of the flag and the Cloud, it will invalidate this particular pattern (which doesn't exclude other bullish scenarios). Note, the timing with the bullish MACD cross.

CapMoore

Price has entered the cloud and shifted the trend to neutral on the daily tf. Tomorrow will likely also give a bearish twist in the projected cloud. However, we are now seeing a long pin-bar (Hammer) being formed, piercing the Monthly S1. ATH sits exactly at the Monthly R1 and now we are at the very bottom of the normal correction range (with a strong...

CapMoore

BNBETH pair has reached the low of the Kumo Cloud which coincide with the lower line of a symmetrical wedge. The projected Cloud is bullish, so one could expect support around the 0.223 level. Even a breakout below could be absorbed, due to the bullish projected cloud. At current levels it is a wait and hold situation for potential Eth buyers, since chances are...

CapMoore

Bitcoin is retracing after making an ATH @ 65087. The MACD indicator shows bearish divergence. If price closes below 59800 and breaks back inside of the wedge formed by the ascending trendline and the green resistance level around 60 000, we may see a sell off and continuation to the downside. If the trendline is broken we may see a deeper move maybe all the way...

CapMoore

Bitcoin is slightly overbought right now, which can be seen in the break above the cloud with the projected cloud still bearish. After creating a double top just above 60K price has moved down in two waves to retest the lower cloud support, as well as the 200 SMA and almost reaching the 50% Fib of the recent leg up. The current bounce was clearly announced by...

CapMoore

BTC has broken out of a channel and retested the breakout. Currently it is moving up supported by a trendline. The nearest target lays at 65350 which is the new Monthly R1 which is in confluence with the Weekly R2. The target of the Channel/Flag pattern stands at 69000. However, if price breaksdown below the trendline we might see a deeper fall towards the...

CapMoore

Price has completed a perfect AB=CD pattern and is now retracing in a descending channel (Bullish bias). Also note how the 61,8 fib of CD leg touch the B point nicely. The major support and first target of the ABCD pattern, is the 38,2 fib of CD leg, which stands at approximately 49200, which is in confluence with the lower channel and the cloud in the next few...

CapMoore

Bitcoin has been bouncing nicely in the lower half of a Pitchfork and is now at a critical point at the end of a symmetrical wedge and the lower band. A breakout will likely point the direction for the next move. First targets on each side has been marked in the chart. A break below the lower Pitchfork band, will mark a trendshift, and we might see more downside...

CapMoore

Targets at 8,80 and 10,00 following the breakout of the symmetrical wedge. Only a close below the Kijun Sen (white equilibrium line) will put upward momentum on hold.

CapMoore

Intermediate support @ 54600 Strong Support @ 52400 (38,2 Fib of recent upswing/50% Fib of correction leg/Lower Pitchfork band/Daily Kijun Sen (Ichimoku equilibrium line-white line)) We might be seeing a whale push today, and the dream level for them is the 52400 level with confluence support which give a strong push back up. Any close below the lower band of...

CapMoore

Some BTCUSD targets and a Pitchfork to asses overbought/Oversold ranges within the bulltrend.

CapMoore

I made a harmonious study of the previous leg up and studied price in relation to the Kumo Clouds upper band. I noticed a nice pattern, were Price hit the top of the leg up when the Kumo Cloud ended a flat period and started to rise and then broke above the previous high, after a correction phase, when the Kumo Cloud started to flatten again. I then studied the...

CapMoore

Clear, strong bullish divergence is visible on the daily and H4 timeframe, seen in two waves. Price is in extended bearish territory with expanded bearish Kumo Clouds. Trend followers will have to wait for entry until a buy signal appears by the Ichomku, while traders using divergence has a golden opportunity to enter long, scale in or increase periodical...

CapMoore

Price has come off the 6000 mark and returned to the broken support line (broken on June 10). This former support line intersects with a resistance trend line going all the way back to the beginning of march. Price has tested the support line from below and is now attempting to pierce through the intersection of the both trend lines, while at the same time...

CapMoore

Looking at the log scale on the daily timeframe, we see that price is still retracing some of the parabolic move that happened during 2017 especially. A Triangle pattern has been broken to the downside and the SMA200 moving average is also rolling over. This could lead to a sharp sell off and a move back to the trendline marked in the chart, which would perhaps...