Link has just broken out of a 4 month old channel. It has not been confirmed yet but if we see it flip to support and volume come in, a big move is likely to come.
We actually re-entered this channel 4 months ago, it was first formed in March 2020 -
We also broke past the weekly R2 giving us 20% till the R3.
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ETH is at ATH and where usually ATH is just a short spike, the last few days ATH is quite stable. What is going on with...
This week started as usual with cryptos at BTC mercy. Sharp declines in BTC towards the end of the day pushed all coins down and majority bounced at the mid-way point. High volatility is great for day traders. ETH is slow to recover and suggest a further decline. At the time of writing it was a market move point. ETH may bounce back to 1350 rage, however, drop to...
I'm posting this idea so I have a record of my ideas and hopefully start a discussion. This is not to be blindly followed or taken as investment advice... please please please DYOR!
Line of Thinking:
We are forming a potential Head & Shoulders pattern on the 4hr. We are currently moving down forming the right side of the right shoulder after having a failed IH&S...
My previous predictions were wrong and as we see now on my new predictions, I believe that we may hit lows of 360 before a bounce back up to 425 areas and slowly recovering to 500 or we might see as low as perhaps 340-330 areas before a possible recovery. I doubt we will se anything lower than 340-330 levels before we get a recovery to and above the higher highs...
- The previous trading week has seen a symmetric triangle consolidation of the price following a trend reversal and short rally on 11-12 June.
- Over the coming week we could see the price finally break out of this pattern and continue upwards to the 0.96444 level, which has previously been an important support and resistance level.
- Tightening Bollinger Bands...
We seem to have stopped for the time being at 2500, which on a weekly chart time scale shows a bit more bullishness. But looking at the monthly chart on a macro scale, it looks like RSI still needs further to go. Could this be the start of a heated sell off and beginning of a bear market? Time will tell
After a long, rough night BTC appears to be rolling around in the gutter.
One can only assume he is still looking for his keys.. God only knows where Mrs. LTC ended up.. The excitement continues!
Lets see what happens next..
Journal| Beta Project-R. Risk Management: Compound|k Level : PA |k Time:'Short-term'. This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Projections may be subject to failure.
Journal| Beta Project(R). Risk Management: Compound (k) Level : PA (k) Time:'Short-term'. This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Projections may be subject to failure.