Kai-FX

Kai-FX

ALTPERP Trendline retest or rejection ?

Kai-FX

BTC trendline retest or rejection ? (Journal purposes)

Kai-FX Updated 

M pattern forming (with 3 trendline rejections, the 3rd currently rejecting) Parabolic run up while the rest of the market was either ranging or moving up slowly Options expired yesterday, so could see a further move downwards as we have seen in the past after options expire Nearing the end of the week/month Its currently the weekend where we usually see a...

Kai-FX Updated 

Should see 1 last touch of the HTF trendline and a bounce from $40k - $45k

Kai-FX

Reasons to sell Strong resistance level at $1.90 - $2.00 currently being rejected once again with a 4th touch. Looks like there was a fake-out move around the 23rd-24th March with price breaking out of the strong resistance level previously mentioned. Weekend (saturday) and nearing end of monthly candle closure where a correction usually happens Reasons to...

Kai-FX

Reasons to sell Overextension of the RSI on the 4hr Bearish DIV on 1hr and 2hr Last time we saw a move like this was 04 Nov 2020 with a 20% correction happening Strong resistance at $6 Head and shoulders still intact (but subject to change as we are in a bull run and this is a bearish pattern) low success rate in bull runs Could see price revisit $4.80 ...

Kai-FX

Price has gone up around 15% since yesterdays analysis, however i still see there being further downside on this pair. While this has gone up, ETH and LTC have stayed relatively stagnant, while BTC is currently ranging between 50-55k. As shown on the chart we can see a head and shoulders pattern has formed along with a hanging man at the strong resistance level...

Kai-FX

This falling wedge is forming which may mean price doesn't reach 45k but bounces around 48-49k instead

Kai-FX

We have already previously retested the resistance turned support at the previous ATH price of $3.79, however with the current bearish momentum of BTC this is dragged all ALTs down with it. It looking very likely that we reach this price once again before a continuation of the upwards trend

Kai-FX

There is a strong trendline/support level around the $0.42000 level which i believe should be respected. This will also keep the smaller inverse H&S around that same level intact. The bigger one being around 20 cents

Kai-FX

Should see 1 last touch of the HTF trendline and a bounce from $145

Kai-FX

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Kai-FX

Same as SNX, we have seen a falling wedge breakout. However this pair has held up better than SNXUSD. Also a potential bounce of a strong HTF trendline.

Kai-FX

May see a break of this trendline before heading down for more bearish movement. Similar movement is usually seen on USDCAD. Price is also at a strong support level so may see one last bounce before a break

Kai-FX

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Kai-FX

very messy chart. Could see price touch 0.5350 before one last move downwards. however on the 3d the previous candle with price not wicking down past the previous candles close which is very common (will post next)

Kai-FX

Hanging man on the 8hr at $6 plus potential head and shoulders forming with a similar structure to the SNXUSD head and shoulders which recently occurred. BTC currently near 60k mark. Will need a reclaim above 60k for further bullish momentum.

Kai-FX

Hanging man on the daily at the resistance level of $32. Price has not breached this level since. Could be in for further bearish momentum unless we breach $32