Coinchaser99720

Coinchaser99720

My analysis on ALGO is pretty much the same as my BTC analysis. Bearish triangle. After this triangle we'll probably fall into a five wave pattern to the downside. I'll be taking up a short position once the E wave has been confirmed. (At the bottom of the pattern) just in case I'm wrong. If this pattern plays out, I'll be able to catch it from the beginning of...

Coinchaser99720

So I'm looking at the 12hr and what I'm seeing is an incomplete triangle pattern trying to play out. If price doesn't bust out here then we looking at a bearish pattern and more likely a break to the downside. When we get into the E wave, we may see a price pump. Soon after that it will hit a resistance level and fall dramatically. ABCDE. With E ending up top of...

Coinchaser99720

Looking at the chart on this 4hr timeframe, I'm seeing what could be a possible W pattern forming. I'm waiting for a break above the local resistance. To place a long. If this break fails I have an short target once support is broken. The support has been tested at least three times. The more test, the weaker it becomes. So it's a wait and see for me. I'll be...

Coinchaser99720

Well looks like a small run up will be taking place soon. But don't confuse it for the bottom of the overall trend. Still in bear 🐻 land. May be seeing a corrective wave.

Coinchaser99720

Swing Traders. 60ish incoming. 🐻🐻🐻 Also don't let me confuse anyone who reads my journals. I scalp trade and swing trade separate accounts. I often don't clarify that because I'm typing my thoughts. My directions are often right, but my price targets are almost never on the mark so I estimate by the area I think a price will go. I'm not a "professional" but I am...

Coinchaser99720

Broke support as suggested. Here may be the time for the leg up. A buy time

Coinchaser99720

Zooming out to the weekly, we still see the double top (M) intact. (Keep in mind that D Tops can bust halfway down the last leg). Switching to the daily I'm looking for 5 waves down. Within those 5🌊 their will be subwaves. So I switch to the 4hr to count the subwaves. We are currently completing the corrective B 🌊 on the 4hr. May see some more sideways movement as...

Coinchaser99720

Well we made our move up with still more to Long. This is a good buy area to go long temporarily. Remember this is most likely the last leg of 🌊(B) cooking up. Then maybe a Bungie jump decline.

Coinchaser99720

Ending diagonal to end the 🌊 (A) . Then a big move to the upside for 🌊 (C). This week.

Coinchaser99720

What I'm seeing (and I could always be wrong) is a 5-3-5 corrective pattern. The 5th wave of (A) will be an ending diagonal at around 77.90, which will lead up to a (B) wave that will close between the 0.382 and 50% fib area. Then it will make it's descent down to the major support/demand area around 57-47 range to complete wave (C). The (C) went could be...

Coinchaser99720

Luna ended it's extended 5th wave on the weekly. Correction will be steep..... IMO I'll be using MA's most likely to determine the decent. 21, 50, 100, and 200. A short to 53 would be soooo juicy but who in the world knows how crypto will turn out the next day with reports and innovation etc.🤷🏾‍♂️ So take profits along the way and stay patient.

Coinchaser99720

Well the moment of truth is coming for BTC it seems on the 4hr. E wave looks to be in effect towards the downside. Opportunity for more shirts is near once the triangle is broken..... IMO

Coinchaser99720

It didn't quite reach the 90ish area but it is starting to break down lovely. Target still in my scopes. I believe this is the beginning of the 5th wave down if I counted right. 🧐 Stoch RSI bearish. Volume up and red. May restest resistance but overall look out below🗣️ 🧸🍯

Coinchaser99720

Possible pullback to the 90ish area then on to the next "down" wave. I still have my sights on the 70ish region and below a bit. Whales are demanding a cheaper Luna imo, but we will see. I just ride the waves up or down while keeping support/resistance and momentum in mind. 🚂💯🦾

Coinchaser99720

The weekly strongly expresses a Big M correction. Daily is playing this out. Target price is at the fibs . 50 and . 618 area. Strong supports at each. Instead of riding the emotional coaster all the way down, take profits at key areas. Cause anything can happen in the Cryptoverse.

Coinchaser99720

I'm still waiting to see BTC break it's downward trend and it becomes confirmed. The news reports are flowing and changing the moods daily.