The world is in a macro bearish economical landscape. Technical analysis reflects it. All momentum and strength indicators are weak and getting worse. Bitcoin can't get back above the 200 MA after multiple attempts to do so and the RSI and Stochs, which some may think show oversold signals, show nothing but weakness. Therefore, macro bias is where it's been since...
CME:BTC1! has squeezed out of the upper Bollinger Band, broken above the 200 MA, and a key level of resistance after a period of consolidation. If bitcoin can break through resistance from this diagonal trend line $52200 is in sight. RSI is in the bull territory with room left to move.
BINANCE:PEOPLEUSDT consolidated for a month and is now breaking out of a key level. RSI is in bull territory and the BBWP has a lot of room for volatility. The first target gives us 30%. The bonus target gives us 50%. You can use my stop loss level or choose your own. I will move my stop loss to break even and then start trailing it with TradingView's VStop MTF indicator.
If this SHIB Head and Shoulders pattern is confirmed, its measured move is 20%. Other factors supporting an H&S occurring are price broke below last week's low, price is under the ema ribbon, price is below the Ichimoku cloud, and RSI is in bear territory. If the trade is triggered by a confirmed Head and Shoulders, using TradingView's VStop MTF indicator...
All targets after the first are optional. If you choose to go after all targets, make sure to use a trailing stop after the first one is hit.
$ATOM is a thread away from it's all-time high. Three scenarios. 1. I will buy the breakout. 2. I will short a fake-out. 3. I will short a break down. Always use a stop. Get stopped, wait for a new setup.
$ONE buying the breakout of 0.35 to test the ATH, and possible ATH breakout. (always use a stop) BINANCE:ONEUSDT
Hello traders, BINANCE:SCRTBUSD is doing relatively good, attempting to reach its all-time-high while BTC remains sideways. It has broken structure with a strong break out of key resistance on volume. Well above the mid line. Price is at rising channel resistance putting it at risk of exhaustion. BBWP and PMARP are a showing signs of overheating adding...
Bulls and bear are fighting over the yellow line on my chart. That yellow line is the 50 fib. Keep it simple: price below that yellow line means bears are in control. Price above that yellow line means bulls are control. Do NOT long in bear territory. Do NOT short in bull territory. This is a close match. I could say I am neutral, but I have a rule. The rule...
COINBASE:LTCUSD broke out of resistance after a double bottom RSI in bull territory BBWP coming off near-zero read moving towards expansion Five targets = blue lines. Always you a stop-loss. Good luck!
BITSTAMP:BTCUSD is most likely going to do a midterm bounce here. The reasons being, it swept the low at key midterm support. The target is the first bearish order block. Use a stop loss, and keep in mind that a bounce means it's counter trend, which is riskier than trend trading. If bulls fail to defend midterm support, you better believe bitcoin is going to...
Price action and indicators: BINGX:MATICUSDT is at the top of its macro ascending wedge 🐻 Swing failure pattern at key resistance level 🐻 Divergence for Many Indicators confirmed bearish divergence on the HIST and MOM 🐻 Stochs are frying 🐻 PMARP overheated, not where smart money is accumulating 🐻 Risk management and targets: Matic must close above 2.78...
Bitcoin broke $50K. My scalp target is $51,995. If it breaks out of $51995, I will add to my position with a new target of $53327. Stop loss trailing.
If MATIC confirms this as a head and shoulders, the measured targeted move is to $1.9, give or take. This trade is only in force once an H&S is confirmed. You can put your stop above the shoulder, in the middle of the shoulder, or above the neckline, depending on your risk appetite. Alternatively, once the move is confirmed and you are in profit, use a...
BINANCE:MATICUSDT Hey all! Firstly, a left shoulder has not formed yet! So, at this point, there is no H&S pattern! It can turn into a broadening ascending wedge, or something else! That said, honing your predictive pattern recognition skills like an AI terminator taking out targets is always fun. Unless BTC or ETH flip the market bullish, I can see an H&S...
bitcoin rounded top and measured move target at $47292.61
If BINANCE:BTCUSDT cannot breakout of this macro line this try, it is going down fast and hard. Odds are stacked against it, but, that is usually when bitcoin likes to surprise everyone. If BTC can gather the steam on volume to breakout, the measured move is $65K. It's make-it-or-break-it time!
BINANCE:SHIBUSDT is an area with high demand with confirmed divergence on the HIST, OBV, and VWMACD. The BBWP shows volatility below 20%. The PMARP shows these prices are where participants accumulated before. These add up to bulls slowly starting turn tables on the bulls. This area provides a good RR, too. Stops below support. Targets the moon (or where you...