Munchies

Munchies

We've seen a 100%+ recovery after the capitulation drop however in my opinion we are still very bearish. 1) Still within the daily downtrend 2) Retracement to fibonacci honey hole 3) Rising wedge pattern 4) RSI divergence on lower time frames 5) Look left resistance zone In conclusion I am short on Bitcoin, looking to take initial profit around 7100 with...

Munchies

1. rising wedge 2. bearish divergence 3. daily downtrend 4. running into resistance

Munchies

Bitcoin is currently at a critical point, waiting to make a break in either direction. LONG - when the price pushes up above the resistance zone. Look for retest and candle analysis upon entry. 7600 target. SHORT - wait for break in trend. Look for entries in resistance zone. 5950 target.

Munchies

Self explanatory trade thats clean and simple. - Break in overall down trend - Bullish trend forming - Break in resistance - Look to buy the retest and take profit at 2%

Munchies

Looking for btc to push up to the previous high. We can see a bull hammer on long term trend followed by a bullish engulfing breaking the short term trend line. Stop loss set below the previous wicks.

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Lambos on order.

Munchies

Very bearish downtrend. Shorting until break in trend.

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Looking to catch the pullback around 141 sats.

Munchies

Price retesting a break in trend. Looking for pullback.

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Fuel breaking trend and looking to retrace.

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Making a break in trend and resistance, time to long.

Munchies

We can see a number of indicators pointing to a possible bullish scenario. Firstly we have seen a bullish divergence play out on the RSI indicating that a reversal is on its way. We then saw a double bottom forming new market structure in an upward direction, creating Elliott Waves 1 and 2. Price in wave 3 should rise quickly with corrections brief, therefore...

Munchies

Break up to retest neckline or fall to fib levels.

Munchies Updated 

It's clear we will not be breaking through the 4040 resistance level just yet. Bearish engulfing candle, overbought rsi and strong resistance level will push us back down to 3842. Best option is to capitalise on these movements and make gains by shorting to 50 and 61.8 fibs levels. Lets hope the bulls can take back control from there.

Munchies

We are getting close to a BTC reversal. Long wicks to down indicate seller exhaustion and buying pressure. Bullish divergence showing RSI making higher lows. Double bottom looking to play out. I'm going long, hoping to see some bullish action otherwise we're looking to head towards the 3k and below levels everyone is taking about.

Munchies

A reversal is looking like a promising play this week with new market structure forming creating higher highs and higher lows. Not the greatest looking inverse head and shoulders however I am expecting a retest of the neckline where I will be placing orders before we rocket through resistance towards 4.3 to 4.5k.

Munchies

Will buyers be enticed by sub 4k prices? I believe we will find support around 3.5k and push up towards 4.5k throughout the week. RSI is severely oversold on all timeframes. Lets see how the the following week plays out.

Munchies

Breaking the trend and pushing up above resistance. BTC looking for some well overdue recovery.