Lemming1607

Lemming1607

Hello all, today might be the first day in 3 months we have closed above the 50MA on the daily. As you can see from the top charts, the 15m, 1hr, and 4hr have all crossed their 50MA's with their 200MA's (Orange and Purple lines). The Daily candle is piercing through the Ichimoku cloud right where it is thinnest, and we can see the R1 Monthly pivot being...

Lemming1607

As you can see, we've bounced off the 15m EMA twice now, finding support each time. We hit my take profit target of 3850, and we found support on the daily Kiejun-sun. As long as this support holds, there's nothing above us but the daily 50 EMA, which is currently at 4400. If we start to break these supports, stops below 3700. Otherwise, enjoy the ride up to 4400.

Lemming1607

We just pierced the heavy resistence on the 4hr Ichimoku Cloud, as seen by the Green Circle. This came after we bounced right off the 200 EMA on the weekly. We're clear of the short term resistences. Next resistence on the chart is the Kiejun-sun on the daily, and the 50 EMA on the daily. That's where I will be taking profit. Still have a lot of work to do to get...

Lemming1607 Updated 

The 15m and 30m EMA's have crossed, but we've bounced right off the 4hr 50EMA. Even if we break it, there's still so much resistence right above us, with the ichimoku cloud and the daily 50 EMA. There is a lot of resistence to be broken. I'm not a buyer until we see a large volume spike to break through these resistence levels, or we fall and retest the EMA lines...

Lemming1607

As you can clearly see from the yellow circles, we have failed again and again to breach the 50 EMA (Orange lines). We can't even get above the Kiejun on the 4-hour (Red Line). Until we breach, we are going to be shoved down to the 200 weekly EMA (purple line). I would not buy until we see some of these timelines get above their own 50 EMA.

Lemming1607

On the 6 time frames I watch, We are below the 50 EMA (Orange) and 200 EMA (Purple) for every one, except for the weekly. Currently sits at 3143. Over the past week we have failed everytime to get over the 1hr 50 EMA. Unless we can get above some 50 EMA supports, we are going to go down until we find support. The only thing below us at the moment is the 200 EMA...

Lemming1607 Updated 

The 50EMA on BTC has been heavy resistence the past week. If we can get above it, the ichimoku cloud is clear sailing to 4700, where the kiejun is on the 4 hour chart. Heavy resistence at 4850, which would be the likely next stop if we get above it.