Houstone

Houstone

Hi guys, Two things to note here are that : 1. BTC is close to completing 5 elliott waves 2. The red arrows still point out a negative divergence

Houstone

FOLLOW ME ON TIKTOK @CRYPTOK.1 OR TOKTRADER Looking at Bitcoin in the Week and Monthly chart One can clearly see that BTC is in the underbelly of some major resistance. The 1 Week chart The candle pattern looks promising. 5 green candles yay,it could probably send it into $60K to RSI 90 overBought again like the previous peaks, but from experience when a...

Houstone

is this the Bulls last ditch effort to put GEMINI:BTCUSD on a $50k pedestal? GEMINI:BTCUSD is already on the ugly side of a major resistance

Houstone

I've marked Resistance and Support leves on the RSI that have played a major role on XTZ's trend XTZ has been on the negative side of a major support that was broken on 8/17/21 and has been testing resistance since 8/18/21

Houstone Updated 

BITCOIN is reacting to the negative divergence (Yellow arrows) Theres no support holding BTC at $45k so it looks like we might test the bottom support around $40k or lower

Houstone Updated 

CHART IS INVERTED. That baby peak right there already oversold. n weak. i think were going bullish for a bit

Houstone

!!!INVERTED CHART!!! 4HR / CHART Lets see how it plays out but Peak B already did the most... I mean it passed Peak A by a lot and it just barely got BTC to $38.5k From the looks of it. BTC is nearing "oversold status" on the RSI and is gonna go for towards the dotted line which should be around $42.5k in the price chart if that doesn't happen then...

Houstone

!!!INVERTED CHART !!! Bullish on Sand for now You can see that on the RSI- Peak B is very weak compared to previous Peak A. That tells me Peak B wont reach the dash resistance line much less break it. So I placed sell orders along the bullish blue path because I expect Peak B to bounce towards 60-70 on the RSI to the support. Once that happens...

Houstone

On the RSI the latest peak is weaker than the last which shows that LTC will come down in price for now

Houstone

If the RSI doesn't cross resistance where the white Pinguin is sittin' on, then the rising wedge should work its magic and take us for a dive pretty soon.

Houstone

Looks like ETH is going to break out soon. ASSUMING it does breakout, it'll go up and reach (A) hitting approx $700, thus creating a Negative Divergence marked by the Big white dotted arrows,Also the red resistance line on the RSI should help stop the Bull trend. seems like were going to follow the trend from last year as far as how prices shot up Late 2017 and...

Houstone Updated 

Rising Wedge broke down , (on a previous post I stated a falling wedge was forming, which was too optimistic on my part cus BTC don't give a damn!) So, now we can see that the rising wedge broke down and BTC is kicking back up to test resistance. It should make its way down to bear town pretty soon

Houstone

Big Ol Falling Wedge on the 2week chart. Looks like BTC's gonna tap that lil purple support line @ $4k ish Do your own research boys and girls, these whales are going medieval on us mofo's

Houstone

So first off a short term Bearish because of the Falling Wedge (yellow pattern) that needs to finish its cycle before it comes up (following the green lines) Once the Falling wedge is over The Double bottom in blue dotted lines will start to take shape, too soon to call? maybe but what reinforces my opinion is the Weak Bull Divergence in Red Dotted lines , also...