Falling wedge AO below 0 I am in a short position. I forecast we will see a double bottom or more before a breakout of the falling wedge.
I am keeping this super simple. I believe we may be in a bull flag now. If so, and BITSTAMP:BTCUSD breaks out of it with confirmation, theoretically, we are headed to 20K. Fingers crossed.
BTCUSD COINBASE:BTCUSD broke a bull flag on the 1hr today, came back into it, broke support, came back into it, and broke out of resistance again. We are retesting the breakout to see if resistance can become support. If so we are looking at around 10.6K. The Awesome Oscillator is still below 0 but us nearing it for a crossover. I will wait for the AO to cross...
BINANCE:BNBBTC is in a falling wedge pattern coinciding with two green histogram bars on the Awesome Osscolator heading up towards 0. Since there are no overall signs of alt season yet, I will wait for the Awesome Oscillator (AO) to rise above zero and substantial volume if there is a breakout for BNB out of the falling wedge it is in.
If BTCUSDT is in a descending triangle, BTC should retrace to 0.786% on the Fib and I will take a long from there. If BTC bounces off the blue dotted line I believe we are in a symmetrical triangle and I will wait for confirmation of a breakout up or down before taking a position. That said, out of the two possibilities, I believe we are most likely in a...
A gnarly bear flag has formed. Breaking the bear flag could take us to $8.5K. BITSTAMP:BTCUSD
BINANCE:BTCUSDT 1. 100 MA and support of the inner triangle broken 2. Bottom of Bolinger Band broken 3. Nearing support of the outside asymmetrical triangle 4. Next level of support at 9K 5. 200 MA and 7.5K support level
bitcoin shorts have the upper hand at the moment. I believe bitcoin longs will try to break through resistance but will get rejected this time around giving shorts an opportunity to profit before a turnaround.
This chart shows bitcoin longs have tried to break through resistance but got rejected several times. The AO is bellow 0 as well. To me, it looks like bitcoin will come further down giving shorts an opportunity.
We have a tug of war going on between the bulls and bears. We broke below 10K and looked like we would be going 9.5K but bitcoin did a 180-degree turn back above 10K. BTC broke out of its bear flag a couple of days ago and is back to try to break through it. Volume divergence Awesome Oscillator moving closer to 0 to the upside.
I bought some ZEC just above 0.236 on the Fibonacci (Fib). Now I am waiting to see if ZEC will bounce a couple to times off the 0.236 Fib or keep nosediving down its wedge. If it breaks below 0.236 on the Fib I will wait to see out a complete retrace to 0 on the Fib plus a rise above 0 on the Chaikin Money Flow (CMF).
These are the support and resistance lines I am watching. The second support hits 0.618 on the Fibonacci, and the third support hits 0.5. BTC loves the 0.618 level, so I am watching to see if it hits it. If so, I am taking a position there.
The length of the breakout is on its way to equaling the legnth of the bull flag's pole. XMR at 1 on the Fib, which can act as resistance. RSI is overheated MACD is bullish I am going to buy the dips as close to 0.5 as possible. Target $150 Stop $81 Cheers! I am not a financial advisor, and this is not financial advice. Please do your own research.
ETHUSD has managed to create a bullish flag formation. Resistance of the bullish flag is around $270, with support around $230. I am waiting for a break and retest of $280 for a confirmation. - Target: $320, which is the supply area. - Stop Loss: $210, which is the demand zone.