Neutralish

Neutralish

This range for the total crypto market cap is still in play, faked out below but now we're back above support - can we run up to resistance and potentially break it? Let's find out. Thoughts?

Neutralish

The text makes the chart less complicated: 2013-2015 -> 87% drop over 413d 2015-2017 -> 8222% gain over 812d 2017-2019 -> 84% drop over 406d 2019-2021 -> 1826% gain over 959d Projection: 2021-2022/23 -> ~81% drop over 406d putting us at 13-14k 2022/23 -> 408% gain over 1113d putting us at 68-69k

Neutralish

Observe the descending wedge drawn by the two white arrows. We've been simply testing support and resistance as shown by the highlighted circles. We are currently at the wedge's support (in which there is a lot of volume traded at this rage as it's also support from the last dip from 64k highs), have many supports, and have had a huge volume dump just before this...

Neutralish

Bitcoin has been ranging the past few weeks and today we have finally broken a significant support. Does this mean it's the end and we are heading for low price targets? Before you panic, take a look at this one, simple but very much needed chart. We crashed right into the 0.618 fib support taken from the bottom to the top of this huge run. Take a look at the last...

Neutralish

Conservative price target just over 53k - if we break out on this candle. Regardless we just bounced off the 20 EMA on the 4h candle having FLIPPED the ribbon entirely. Fundamentals are always getting better day by day, what are your thoughts?

Neutralish

This chart represents RUNE/BTC (thorchain dominance over bitcoin)a nd has been in this channel for quite a long time. Every time we touch support we have a massive run to the upside, and every time we touch resistance, we tank. You can see the RSI being a useful indicator here as it signaled the bottom for the previous two, recent major pumps. Current levels are...

Neutralish

This chart represents BTCUSD on the weekly. Check the two highlight points on the left vertical axis first, representing the previous run. Check the price at this point, and the RSI. Then check the two highlighted points to the right vertical axis, representing where we are at now, with the price and RSI. You can see the RSI is around 65 on the WEEKLY, which in...

Neutralish

We broke out of many resistances and are about to break the local ATH. If we confirm the breakout and retest this local ATH and succeed, we could easily climb back to ATH as the volume traded between current price (~12) all the way to the ATH is quite insignificant. Thoughts?

Neutralish

We recently broke out of several patterns on the short and longer time frames, which is one of many bullish indicators. The volume traded at around ~59k was the last piece of significant resistance for me, and we successfully broke out and are now confirming the breakout. We still have to end this week and remain above ~60k by Sunday (10/24). If we don't reach the...

Neutralish

After days of a downtrend since the huge dumps, we are finally seeing some strength with BTC. We seem to be breaking out of a descending triangle which is usually a bearish pattern. We need to close a 4h/daily candle above the resistance of the descending triangle to confirm the breakout. Volume is fair but I'd like to see more come in for this reversal to happen....

Neutralish

Haven't posted in a while but my 47k target was easily met. In my opinion I can easily state that the bull market is back. People are still waiting for other signals but there will never be enough signals to indicate a clear market reversal. Sometimes you got to take the few that are there and relate it to the fundamentals. My next targets are 51k, 57k, ATH, then...

Neutralish

As mentioned in my previous charts, we broke out of many patterns (to the upside) such as the strong resistance from the ATH (sloped line), as well as many other strong (horizontal) resistances. We have been running far more than pulling back which is good, these pullbacks are healthy for the price sentiment. The overall crypto market looks great as well. What I...

Neutralish

We reached my target of 41k. 47k is my next major target before any consolidation or retracement occurs. Extended fib also aligns with my 47k target (which was resistance before the drop from 60k). Volume is decent, I expect it to be a little higher though but it's still looking good. Chart looks beautiful on the weekly and daily, and fair on the lower time...

Neutralish

It looks bullish on literally every time-frame for me. Just above the EMA ribbon on the daily and 4h charts. Just at the resistance of a huge symmetrical triangle. I expect a large runup if we confirm the breakout of the triangle and the current market sentiment holds. The weekly looks even better. Thoughts?

Neutralish

If you've been keeping up with my previous posts, I was talking about the falling wedge which seemed like it would most likely break to the upside, which it did. We had a clean breakout on the falling wedge and are rallying upwards. We also went back above the EMA ribbon on the 4h chart, and are still way above the ribbon on the daily. Things are looking good. My...

Neutralish

It's evident that we have a falling wedge pattern that looks accurate on the hourly and 4-hourly. The question is - will we break towards the upside or downside? On the larger time frames the RSI has been relieved and I think we're due for another run given the technicals and unchanged, superior fundamentals. There are two scenarios that I see playing out, both...

Neutralish

Just look at the hourly and 4-hourly. We have been making higher highs and higher lows. Right now we are close to ending that pattern as the previous "higher low" is around 38300 USD and we are just above that, but as long as we stay above and continue making higher highs and higher lows, i don't see a dip bigger than we've already had. We are currently under the...

Neutralish

We need to break the 41-42k zone to continue rallying until 47k. RSI on the daily took a fair drop which is good. The chart here shows an RSI of 40 on the 4-hourly, nearly oversold. Can definitely see a breakout towards the upside of this falling wedge. Need to break out towards 41-42k and consolidate there to see the next move.