DecentraNet

DecentraNet

Falling Wedge, MACD, Fibbonaci Retracement -- possible Bullish Breakout A falling wedge on the 4H formed towards the latter end of July. Fibonacci retracement of the price leading up to the wedge suggested that the lowest point of the wedge would be around 72.62 (78.6%). MACD on 2H broke its trendline (but not on 1H). Fibonacci retracement from lowest to highest...

DecentraNet

Quick short opportunity on the ETH 15min chart. Symmetrical triangle on both price and RSI, indicating either a bullish or bearish trend will occur near the end of the pattern. Bearish MACD indicates a likely short opportunity.

DecentraNet Updated 

My opinions are not financial advice! I have not taken, and do not plan to, take any position on GME in the near future. The purpose of this post is to try and show how utterly ridiculous it is to set a take profit, and a little bit of the... math I've seen behind it. "Goooood morning, WSB investors! This afternoon's YOLO lottery rounded out to a solid 'n'...

DecentraNet Updated 

My opinions are not financial advice! Potential short opportunity on TRB/USD 1H timeframe. BTCUSD is currently in a breakout -- altcoin short opportunities will likely rely on a Bitcoin retracement or correction back to mid-40k levels. If Bitcoin does not retrace, the top yellow trend line for TRB will likely become a support line instead for a 23% long...

DecentraNet Updated 

My opinions are not financial advice! Another scythe pattern on BTCUSDT is developing on the 15m chart. For this particular trade, there are two targets to watch: The 200 EMA will lock in a profit in the event that bull support for BTC is still strong, and the price rebounds off of the line. The daily L3 pivot is also a likely support zone to watch for,...

DecentraNet Updated 

My opinions are not financial advice! After a brief consolidation period, a scythe pattern on BTCUSDT developed within the past two days. The rise in price can in part be attributed to the debut of the BTCC ETF in North America. A Scythe pattern after an uptrend usually indicates a short opportunity. BYBIT:BTCUSD There are two likely scenarios: The...