RSI_Trading_Concepts

RSI_Trading_Concepts

Bitcoin is retesting a previously lost support trendline, with a daily bearish hidden divergence forming at resistance!

RSI_Trading_Concepts

Bitcoin is currently probing its All-Time High (ATH) resistance zone, and given the uncertainty, the outcome is unpredictable. However, the price target of 77K, suggested by the break from the rising wedge pattern, remains a possibility. Meanwhile, the expected Head and Shoulders (H&S) pattern has not materialized. My take is this: if Bitcoin manages to close...

RSI_Trading_Concepts

I'm still bearish watching the paint dry but I have missed some good trading opportunities. If the price goes back down, I will probably play this bottom of the disjointed channel and hope for a breakout hire. I'm not 100% at that level, just in case it breaks to the .20 level.

RSI_Trading_Concepts

Ethereum H&S is being triggered today, with a target of $2153 back to the local lows.

RSI_Trading_Concepts

Two drives of bullish divergence are playing out on the daily chart for Algorand. This looks like a Higher Low being formed to test the Lower High. The bullish trend is waiting for the trendline to break to one side and is leaning toward the upside.

RSI_Trading_Concepts

A bearish divergence is forming with Algorand, requiring Algo to close above the lower high "wick". This is a strong move, but with Bitcoin testing the head and shoulders trendline and Ethereum forming a bear flag, it seems like a trap. Indicators suggest a downward trend.

RSI_Trading_Concepts

Ethereum Bear flag after confirming double top, all signs point down not up.

RSI_Trading_Concepts

I regret to inform you, Crypto enthusiasts, that the upward has already occurred. This is merely a false signal. Image of Ethereum and Bitcoin.

RSI_Trading_Concepts

The SPY Head and Shoulders setup aligns with the majority of cryptocurrencies exhibiting similar movements, awaiting a neckline break to reach the target.

RSI_Trading_Concepts

Bitcoin Head and Shoulders confirmed, with a slight adjustment, that it targets approximately 81k, including my prediction of potential developments. $88,770 will act as support since that was the RSI high using the 14 period and will receive a positive reaction, bouncing off the head and shoulders trend-line, then failing, and ultimately reaching the target of...

RSI_Trading_Concepts

Bitcoin has a hidden head and shoulders pattern with a high set and a lower high. Watch for the neckline to confirm with a close. My first measured target is the 76K-77K region, which has a gap for futures. However, I believe the final target is around November 5th, near the election day area.

RSI_Trading_Concepts

Bitcoin is preparing to return to its Election Day levels. The entire market is receiving signals indicating targets to the pre-election region.

RSI_Trading_Concepts

The Chainlink head-and-shoulders pattern is preparing to target an area of 11-12. The entire market is aiming for levels seen before the election.

RSI_Trading_Concepts

A spot purchase for DOT holds value for long-term holders here. The 89 SMA (Blue) and 377 SMA (Red) converge soon, while the 34 SMA is the Black MA). The price may go lower, but I see value here for long-term holders. It is hard to predict what the market will do.

RSI_Trading_Concepts

MSTR Bear Flag has tested broken support, with a projected target in the low $200 range.

RSI_Trading_Concepts Updated 

The ALGO price target is projected to be in the range of approximately .13 .16. I derive this from the breakdown area to the high point, resulting in a measured move that aligns with other crypto retracements having measured H&S targets. Everything will revert to their pre-election levels, implying that Bitcoin will reach 73-76K. This is using a 4hour chart so...

RSI_Trading_Concepts

Bitcoin is exhibiting a bearish divergence, with a lower high appearing to be established on the 4hr. The target remains at 73-76k if it falls below the 90k region.

RSI_Trading_Concepts

If Bitcoin loses the 90K region there will be a measured move to 73-76k area. I get this from the high to the support area which places BTC at 73k area. This aligns with several Altcoins that have measured moves back to pre-election. This makes total sense to me that the market will revert to pre-election for a major fake-out.