LARP_Capital

LARP_Capital Updated 

Too early to tell, but we could see another ETH breakout in the next 6-8 hours. Target .0068 based on the length of the flag pole. No indication that the market is turning bearish at the moment. Probably won't post updates on this one because I don't trade ETH, but I wanted to provide this for other traders.

LARP_Capital Updated 

Seems as if we have broken through the bottom of the current bearish pennant. Key resistance level of 395 must be broken to fully confirm move downwards. Lead 1 and 2 on cloud moving towards bearish cross. Bearish cross on base conversion lines has already occured

LARP_Capital

Looking like head and shoulders pattern is about to come to conclusion. First major level of resistance will be 395. If we can break this level, we could see a descent to 375 at least.

LARP_Capital

4 hour fully confirms bearish descent. Explanation in chart

LARP_Capital

Description in original published short. Potential bull trap.

LARP_Capital

Closed my long with around 3.5% P/L. Shorting from 398. Key resistance levels are 395, 392. Target is sub 375. Conversion line converging towards base line in bearish fashion. Lead 1 and lead 2 beginning to converge. Will update as I know more.

LARP_Capital

Lead 1 still above lead 2 on the cloud. 30 min KDJ trending towards oversold. Conversion line still above base line. I doubt we will see new highs on this rise, but I'm certain we have not reached the top. Key resistance levels dictated by arrows in chart. Watch for a close above or below these levels to see what may happen next. I'm calling a top at 425ish

LARP_Capital

Bear trap followed by sideways consolidation. Notice how the oscillations on AO are converging towards 0. KDJ does not dictate overbought or oversold, and the J line (% divergence between K and D) has almost flat lined. Lead 1 and lead 2 have crossed again in a bullish fashion and the price is holding stable above the cloud. It seems as if the consolidation...

LARP_Capital

Stop at 381 was not triggered. Candles stay within the cloud, moving sideways and down (bear trap). Breakout imminent. See chart for explanation.

LARP_Capital

Readjusting stops to 381. Market may continue to move sideways, even potentially dropping to 381 level before moving upwards. KDJ still indicates incredibly oversold. Other indicators still dictate a bullish rise.

LARP_Capital

Bull market nearly fully confirmed. Explanation and targets in chart

LARP_Capital

Potential breakout scenario for BTC. Description of why in chart.