BABA has spent the last year in a bear market. It's down about 60% from it's highs. Based on the charts, the sellers look exhausted and most of the downward momentum has been spent. There's bullish divergence on the daily and 4hr charts. It may take a couple months for bullish momentum to return in force, but it looks like we are at, or near the floor. I'm...
(If you're confused with the change in background colors, I'm planning on using Black for cryptocurrencies and Midnight Blue for Stocks.) AMZN has been ranging for almost two years and is presenting a possible swing trade option here. Seller exhaustion looks good, but we haven't quite reached my buy zone. I might take a smaller position here and look to add...
In October 2019, the charts looked very similar to what we're seeing now with BTC. Price had been falling for more than a month and the 200 EMA was providing heavy resistance. Everyone was talking about a looming Death Cross (where the 50 EMA crosses below the 200 EMA). We saw bullish divergence and seller exhaustion on the daily chart (similar to today) and...
All the boxes are checked on BTC for where I want to go long: Bullish Divergence on 1D and 4H and Seller Exhaustion on the 1D. I am expecting bullish momentum within the next week. That said, there is still a lot of resistance overhead that makes me think BTC may be heading into a bearish macro trend--Regardless, I believe we will see a relief rally...
SOL is currently in a Symmetrical Triangle (neutral) but within it, a downward curved resistance suggests aggressive selling. I think there's a good chance we retest the Trend Support line before sellers are exhausted enough to see a relief bounce. I'm on the sidelines waiting for SOL to enter my buy zone, and then I'll look for bullish divergence on the 4-hr...
BNB is in an Ascending Triangle (bullish) with USDT. In addition, there is a curved rising support that suggests buying pressure is increasing at the same time that sellers are exhausted. Having said that, there is a chance that sellers break the curved support--and price could fall back to the Trend Support line. With that uncertainty, I'm looking for...
MATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at...
DOGE has been struggling against BTC for several months, but sellers are exhausted. I'm seeing bullish divergence on the daily chart and we're in an extended Falling Wedge. A breakout of this wedge could be explosive. Keep an eye on DOGE in the next couple weeks. I'm interested in averaging in here. -------------------------------------------- These are my...
Hello Everyone, Today I am showing my bitcoin Descending Wedge Bull Trap Scenario. We have seen this pattern at the 60k area and now we are seeing it yet again in the 40k area. Here are the Technicals: 1. Bearish Price Action - Volume is going up as Price is going down 2. Weekly/Monthly showing signs of cycle exhaustion. - The monthly Chart has maxed out on...
It seems that the Bulls are getting exhausted and the Bearish Channel is likely to Continue ! Short/Sell is recommended with SL above previous LH. Sell zone, SL and targets given below. Note: Please do your own analysis before any trade. Short/Sell: 1.27000 - 1.26870 SL: 1.27240 1st Target: 1.25010 2nd Target: 1.23650
The next movement in the market will be exhaustion. Why, in my own opinion I think price is out of impulsive waves and for impulse to regain it strength price will exhaust first before impulsive comes in... So, for now it's likely for price to move back into 1.40090 before we start to look for the bearish once again........ Follow me on IG..... www.instagram.com
Hello Everyone, I've been seeing a lot of tweets and posts suggesting this drop and the few more to come are a result of Elon Musk's tweet about Tesla no longer accepting bitcoin. How can you blame one man's tweet, that even states "Tesla will not sell it's Bitcoin" for the drop in price? Here's the truth: Bitcoin has been far over extended since the first move...
MACD Divergence, MFI Overbought, and Momentum tilting downward. We may see a Pullback from these extended levels down to 1.072. Stoploss at 1.09
BTC is showing exhaustion on the MACD and RSI at the Logscale 1.618 PCZ of a Bearish Butterfly and looks to be gearing up for further downside. The way I plan play this move is by buying the 3X Short Token for BTC as it looks to be breaking out bullishly on on the Daily RSI and the MACD seems to be ready to make some more Positive Momentum. The weekly for this 3X...
Texas Oil may have a hard time breaking above the zone of 63-77 as the MACD has given us Bearish Divergence and Bearish Crossing along with that the RSI is at Mildly Overbought levels and we are at a clear Resistance zone. I wouldn't be surprised to see this make a corrective retrace down to 50s, 40s, or even the 30s which are where the next major supports are.
The RSI looks exhausted as BTC continues to try making higher highs and the MACD looks ready to rollover. There is also confluence with the Logscale 1.618 and the Linear 3.618 at these levels and i would not be surprised if we get a corrective pullback to the 20k area. If 20k doesn't hold then i will change my corrective pullback bias to a capitulative crash...
I sniffed out this one and it is my view that this pair has reached a point where the wedge pattern which has formed on the weekly chart must define a longer term direction. The price action on the daily is showing the there has been a break out of the top of the wedge formation and is showing signs of rejection based on the last 7 days trading. Each time there...
EMINI FUTURES TREND EXHAUSTION : I am in no way a Demi-God, Nor have I used a Crystal Ball.. I do however notice a loss in volume on a uptrend.. I am Neutral dependent on news and volume changes.. I wish (on a lucky star) no Trolls attack meh.