El_Morenito

El_Morenito

The recent play identified as a support and resistance swap. You might want to buckle your seatbelt. However, the channel below is not yet broken, if it does break, BTC should dip back to the 30k region, if it does bounce off the 200 EMA line, on the 3d time frame, we could see a retest of the 51k region, so far it can be anyone's game. Attending the in the...

El_Morenito

Looking at the total market one may find that it can also be measured with the same tools and dynamics of understanding like any chart. From what i see, this since this is excludng the BTC and ETH, means money is pouring in and out, so id expect a reaction once it hits the conversion line, but the reaction of it is still unpredictable, since in stock-to-flow...

El_Morenito

so after all the buzz, Ema's and sh*t, and no one lookef for higher timerframes?? topping at 51k and way down we go, thats my opinion anyways. take it as you want it, ,love, peace. not financial advice

El_Morenito

Recent BTC push, shows that we are now above the Kumo #ichimoku on the daily timeframe, the first resistance is set for 51k, the pullback should be in confluence with the conversion line, since the lagging span is also above the kumo an upward trend is expected. However entering at current levels may be less safe then what it appears, since RSI levels are...

El_Morenito

after a long way down, the kumo cloud has grown thin on the daily timeframe, a false breakout might be the firing shot for the bear season to begin, so far it's been hugs and cuddles compared to what may be coming next, so a retest of the upper resistance and a strong swing down is what im counting on, tread carefully. Not financial advice, attend your own risk...

El_Morenito

For the last few days wild predictions have been flooding the crypto market regarding DOT with unbelievable TP levels, even if some may come true we can see that we are still beneath the kumo, furthermore in the btc pairing we can see a clash with the kumo , The TOTAL3 market, shows it lingering to critical support below the 200EMA, a reverseasl may be imminent...

El_Morenito

Me, like everyone else got rather excited when i saw DOT rebounding from a critical support, since it usually mean a strong rebound. However, after a second look, things are not that easy at the moment since acording to ichimoku there is some solid resistance above,, also in the 4h timeframe the Kumo cloud is getting thinner meaning that support is losing its...

El_Morenito

DOT seems to have hit strong support channel on the daily time-frame, simultaneously the RSI shows a strong bullish divergence, the EMA lines are too far apart, and the MACD has crossed the signal line below the zero line, all of this whilst in confluence with the TOTAL2 Market, which is currently giving signs of a possible rebound, and if so the whole market will...

El_Morenito

So at the moment some have bought whilst others are still waiting for a inversion, here's my take of the possible future: — A bounce off the 200 EMA. — An upper retest of the 50 and 21, with a quick a rebounce with a stronger movement for the downtrend. My theory lies mostly on these indicator readings: —The RSI having gone below the 50on the daily timeframes,...

El_Morenito

Waves been stressing below the 30 RSI for days, and has been unable to break the RSI trend so far, also there is a bullish divergence, this movement in confluence with the total3 market, showing a retest to the upper EMA, also in the short term there is a possible crossover on the MACD, 4h timeframe, The amount of time held back suggest there may be an incoming...

El_Morenito

As the market fails to hold at the present moment, since the volume tested te upper 50 EMA and failed to hold, a descent to the 200 EMA is possible, the RSI also shows a trend break, remaining below the 50 line, revealing the market may not be ready to fully invert just yet. as always my opinion is as good as any, but i'm expecting two options, a rebounce at...

El_Morenito

Confluence in between the Dominance Chart and the TOTAL2 market RSI shows breaking the trend on the dominance chart, and a pullback on the total2 Market , a a pullback may be incoming for the altcoin market, one can not predict the future, but reading suggests that the BTC.D may retest the bottom, whilst creating a giant bearish divergence for the TOTAL2, At...

El_Morenito

RSI below 25 on the daily time-frame, RSI bullsih divergence on the 4h time-frame, whilst touching the 200 EMA on the daily time frame, a pussible pullback to at least to the 0.87 range, However give that the RSI is exhausted on the daily time-frame, i woudn't be surprised if it tested the ATH. like Algo did yesterday. Not financial advice, just sharing a possibility.

El_Morenito

RSI seems to have hit an exhaustion on the 4h time frame, whilst on the daily timeframe it is currently hitting the 200 EMA, although the trend seems to be downwards since the RSI is giving a lower low and breaking support, a quick upper wave may be approaching,, a relative intensity to the 50 or 200 EMA line, before continuing its descent. This is not financial...

El_Morenito

This is the best possible view i can give you on whats going on with the market, since i don't have a pro account with TV. strong confluence in between the TOTAL2 and the BTC.D showing which supports and resistance channels are being broken, The tools im using is a dynamic Hull MA with the 50 and 21 MA, usually when volume crosses the hull, the market changes...

El_Morenito

Broken RSI trend, massive volume divergence. all in confluence with BTC.D., expect bounce at either 50 or 200 EMA. Short term - Short Long term - Neutral

El_Morenito

Not financial advice, just a possibility. Atom may see a stronger correction then what people expect, the RSI divergence shows that the correction already started on the daily timeframe, and the beginning of a downward wave, with MFI and RSI below the 50, my rsi limit is set for 25, so FIB show areas of support and resistance, depending on the intensity of the...

El_Morenito Updated 

The EMA even though is a lagging indicator, is a great bounce projector, it doesnt always indicate a long term inversion, but it will have a reaction once it is reached. Here we see the HA candles on a daily time frame touching the 200 EMA, above is the 600 and the 1200 line, this is in confluence with the BTC reaching a peak, and may correct as well. wether if...