DeBaas

DeBaas

SInce june 29 we have not seen lower lows. Even if it's gradually, we are moving up slightly and coming at the end of the triangle it seems we should shoot up to 7200 within november.

DeBaas

Simple overview of all channels based on support and resistance. Red box absolute bottom, 5777 lowest pricepoint and 5900 as a "high bottom" Buy zone for sure as it has touched and bounced this area multiple times already Every white line is a bigger resistance/support level. I would trade within these channels. Yellow thin lines are less important levels but...

DeBaas

My thoughts on bitcoin at the moment. Love the bullish moves, but we are definitely not out of the bear market yet i think. We need to close above 7800 first, then break 10k before we can think of a bull market. Breaking 12K would bring in some FOMO for sure.

DeBaas

There is a bearish scenario with a acsending triangle at the top which i just posted. But we can also draw a falling wedge wich would be a bullish scenario.

DeBaas

A descending traingle is a continuation pattern usually found during a bear trend. It can also appear at a market top signaling a mayor bearish trend. Are we looking at the descending traingle at a market top here? If it closes below the bottom line we might be in for another bearish period, will see 5k for sure then.

DeBaas

If we look at the number of days within a year, $ARDR has spend only 25% of the time on the current 3000 sats level. 25% of the time it spends at 4500 sats, a nice 50% increase from the current price. 20% it spends at 6000 sats, a nice 100% increase. (sell half on this and ride to the moon for free) If altseason comes again this year, you can pretty much be sure...

DeBaas Updated 

If the bottom at the 6th of february was the true bottom and the trend reversed to bullish, the symmetric triangle that is forming could be a bullish continuation of that trend. The volume indicator is not in favor of this as it shows no strenght during peaks. But as OTC trades grow, this might be a possible explanation.

DeBaas

ARK just entered the kumo cloud with a TK cross a few days ago that seem to hold up. Trend has been up for a while, volume increasing and RSI looking good as well. 9 day EMA also seem to support upcoming push. Should move to the top of the cloud in the next few days. Then probably go for the previous high of 65000 sats.

DeBaas

UBQ is not looking too great. With a descending triangle forming on the price and a symmetrical traiangle on the RSI which suggest continuation of the trend it does seem UBQ will drop a bit more. I suspect it might see a one day uptrend to the 20k sats range but if it bounce back down from there we should be looking at 17k with a bottom of 15k which has some nice...

DeBaas

Another update on my XLM chart. So far still going according to my pevrious ideas. Now looking at a ascending triangle being formed which might be the signal the bearish trend ended and a bullish trend is on the way. It all depends on breaking the support line at around 3400 sats. If that resistance line is broken it will act as support and gives a clearer...

DeBaas

Looking at SYS/BTC chart it seems a symmetrical triangle is formed on the RSI indicating a possible continuation of the bearish downtrend. Mayor support levels at 3700 and 3500 sats are coming up. I would put buy orders at 3500 sats. In the last 9 months, Sys has peaked above the 7000 sats range 3 times, looking like it's getting ready for wave 4. Selling half...

DeBaas

Today is a crucial day, in my opinion BTC should bounce after today. It is currently around a good support level which has been providing resistance and support in the past (see red line). Trendline from top to where we are now has 3 touch points, at the moment it's still trading against that bearish trendline. It has broken that trendline a few days during this...

DeBaas Updated 

Clear downtrend channel goes hand in hand with the RSI. Last level of support is at 2500 sats. If that breaks it should hit the bottom of the channel. From there it might bounce back up and 2500 sats support becomes resistance. With the way the market is at the moment i doubt it will find support at 2500, it seems to be going down that line, hit the red box in...

DeBaas

Seems my previous idea worked out, it hit the bottom of the channel and went up to my target. A reversal might be in play here if it bounces of the 2500 sats level which is critical. If it does, it will break the channel en an uptrend might be possible with a target between 3200 and 3500. It will then touch the ichi cloud which makes things interesting. If it...

DeBaas

Seems Komodo has reached it's bottom and is slowly trending up. Looking good for the past few days, on the 4H chart as well. Should hit the 50.000 sats (25% growth) within a week or so. Volume is a bit low but normal considering market conditions. Seems like a perfect buying opportunity right now.