Kaspa's rise has been nothing short of phenomenal. I believe this bull pennant forming on the daily will play out, and the targets could reach just under 6 cents. I believe Kaspa can go well beyond that as well, as it's technology is such a big advancement to the industry. I've had a big spot position on Kaspa since August and my current long position has been...
Hello! Yesterday I posted an idea based on ascending triangles that turned into a pretty good trade (link below). In this idea, you can see that one included as well. The first set of triangles was yesterday's setup. Today's idea shows another set of triangles that have formed and they are nearly identical to yesterday's. I'm going to leave my long open for now....
You can see very bullish looking, clear cut ascending triangles that would point to a breakout very soon. Seems so obvious, too good to be true almost. I find crypto rarely does what seems most obvious. I'm suspicious of these, though, I still gotta lean bullish on this one. They're too perfect to ignore!
I believe these ascending triangles are pointing to a breakout here, converging right at $25k, and it could be the one to finally overcome this beast of a resistance. Been a tough battle here. The triangles are a little malformed, but clearly they're getting smaller, and culminating to a point. We are almost there... rejection wouldn't surprise me, but I'm leaning...
Some clear cut ascending triangles have formed on the SHIB chart. Here is the look on the 2 hour, and is reaching convergence very soon IMO. I am for sure taking a long breakout trade here if/when it rises above the ceiling of the pattern, with a stop under the final triangles low. BINANCE:SHIBUSDT Not advice, just my idea.
Just pointing out that we have broken above the Ichimoku clouds for the first time on the daily since falling below them in November, 2021, when the bear market began. This doesn't necessarily meant he bear is over. The last bull run, the cloud broke TWO times before we started the bull. However, in the 2018 crypto winter bear, which the current bear is much more...
I don't like being bearish, but when this tight back and forth range breaks, I got my money on it breaking to the downside. This is on the 15m chart, so it's not overly conseqeuntial, but at least for the short term, I see a bit more downward movement coming, probably below $20k. That's me, anyway. I am currently short.
Simple idea, very strong bull pennant, looking for a break to the upside. I will definitely take long here.
A simple bullish pennant. Pennants and flags are so frequent in crypto and often are meaningless, but with market sentiment seemingly positive and interest in MKR picking up, I think this one deserves some attention. Hopefully Bitcoin holds above 20k or doesn't dip to far below because that would probably invalidate this
Flags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I...
This Volume Flow indicator shows both in flow and out flow volume . In June, at the current bottom, you can see sell pressure peaked dramatically, and has since waned. Buy pressure, conversely, and gained momentum. They finally crossed over on the weekly. In my previous idea I point out how this same, particular Volume Flow indicator signaled the end of the 2018...
Is Volume Flow indicating $17.8 is the bottom? I was looking at different indicators today and found something very interesting on a volume flow indicator... It shows the negative volume dipping sharply since the recent bottom at 17.8k, and conversely positive volume has been rising. They may intersect very soon. I got curious and looked at what happened in 2018...
First, this is not entirely my idea. Someone posted it in chat, and then deleted it immediately and then I couldn't find them or their chart. But I saw it long enough to get the picture. The 3 bounces prior to this one since $17.8, have all crossed over above 30 on the RSI, on the 4 hour. Generally those aren't oversold enough conditions to make significant...
If we're going to reverse this trend in the short term, I'd wager that this double bottom is a good potential spot for it to happen, and it might take us to the heavy resistance zone in the low 23k range. This is just a short term idea for the next 12-24 hours or so, not a prediction of an overall trend reversal to the upside, I think a revisit ~$18k is easily...
I've been watching BTC over the last few weeks from the perspective it is in this ascending triangles pattern. So far it's paid off... I'm thinking it still holds true and is currently coming off a bounce from the bottom trend line . But, what do I know? Anything could happen!
A new channel appears to have broken out within the larger triangle pattern, and it converges with my upper trendline on the hourly, and to me looks like a potential spot from which BTC may breakout to the upside. That's what I see anyway.
Just a look at some ascending triangles forming on the BTC chart over the last couple of weeks. It just touched on the bottom trend line again in the past 24 hours, so I'm looking for a bounce up from here to the upper line. If we break below, than the triangles fall apart. Also looking for volume to increase as the lines converge, for a break to the upside....
I have only been in the market 18 months, and have tried/tested many indicators. The only one that has remained consistently true up until this day, is the Wyckoff Distribution Schematic #1. It hasn't really faltered at all since people started drawing the comparison early 2021. If it remains true, we will hit ATH before the cycle is done, sometime around the end...