Nutty_Trader

Nutty_Trader

Gold has painted a beautiful inverse head and shoulder pattern. A weeky close above the neckline would be huge and would more than likely confirm a breakout. If it does hold the neckline, a measured move would take us up about 20% from here. Thanks for viewing my post. NFA

Nutty_Trader

Gold should make a move to the downside in the coming weeks. We have formed a triple top along with bearish divergence. I would expect a fall to the $1600 range as that serves as our support line as well as the .618 fib retracement level. Not financial advice. Thanks for viewing my post!!

Nutty_Trader

Looks like BTC is losing its momentum. I believe this is just part of a relief rally and that we will soon be heading back to the downside. We have formed bearish divergence on the 4H as well as 1D timeframes. We see that RSI has been trending downwards since the initial pump. We could see a little fakeout to the upside first, but I think that tomorrow will be a...

Nutty_Trader

Alt coins are hanging on to their last line of support. I think that pretty much all alt coins will at least fall another 50% from current prices. If this does play out Im going to look to enter the market when the alt coin market is around 250B. Thanks for viewing my post. Not financial advice.

Nutty_Trader

Just messing around. If I had to make predictions I would say we could see BTC trading around 10-12K (JANUARY 2023) then 33-37K (JANUARY 2024) and then 125-135k (January 2025). Purely speculation but I wouldnt be surprised if it played out this way. Not financial advice Thanks for viewing my post!

Nutty_Trader

I believe we are in the 5th correction wave. I feel we will bounce to 18.5k before continuing to the downside to 13.5k. Around 13.5k is where I am going to look to take a long term position in most cryptos. Thanks for viewing my post! Not financial advice

Nutty_Trader

This is just based on a previous bearish divergence that looked very similar to the current situation. A return to 25k would take us to long term support and match the fib level of the last similar pattern. Thank you for viewing my post!

Nutty_Trader

Algo chart looks very similar to the ADA chart before it went on a nice little run. We have formed lower lows in price but we have higher lows on the RSI. 1.25 would be around a good entry point.

Nutty_Trader

Bitcoin has failed to find support at any moving average and cant even break above the 9 day MA. This is a troubling sign. I feel pretty confident that we will be testing support between 39.5-40.5k. If it fails to hold up then things could get ugly quick. If thats the case then we could easily see a heavy plunge down to 28.29.5k.

Nutty_Trader

I expect Algo to move sideways for a couple of weeks here between 1.42-1.58. If it manages to break to the upside expect 1.80 to serve as strong resistance. If it breaks to the downside expect 1.23 to serve as strong support.

Nutty_Trader

ADA has formed some bullish divergence. If we see a bounce to the upside from here there is resistance at 1.45. There is even stronger resistance around 1.80. If the market as a whole continues to slide ADA would most likely find strong support between 1.00 - 1.05. If it were to reach that area it would be a great time to enter a position for a potential 40% gain....

Nutty_Trader

We see that LUNA has reached the top of the rising channel that it has been trading between. It also coincides with the 1.0 fib extension level. I think that we could see a pullback here to the 67-70 range. Im going to wait for a weekly close before entering a position but this is ones that I will definitely will be keeping on my radar.

Nutty_Trader

BTC is showing some hidden bearish divergence. We had a breakout of the downward channel. I would expect a retest of the top of the channel around 47.5k before we have a chance of moving further to the upside.

Nutty_Trader

We saw a nice bounce off of the 100 day MA. If we are able to push up through the .618 fib level then I would expect a nice run to the .5 fib level. I would wait to enter until we see a convincing break above the .618 fib level with volume to support the breakout.

Nutty_Trader

Algo is currently fighting to recapture the 200 day MA as well as the .618 fib level. If it doesnt manage to break above both then we could see a drop to the .786 fib level around 1.10. I would wait to take a long position until their is a convincing break above the .618 fib level and 200 day MA.

Nutty_Trader

Bitcoin is showing some positive signs. We have formed bullish divergence on the RSI. We just need to hope that the 50 day MA doesnt cross over the 100 day MA. Last time that we saw similar bullish divergence BTC saw 100% gain. We can hope that something similar will happen this time around but we need to recapture the 100 day MA while holding the 200 day MA. If...

Nutty_Trader

Next levels of support are 37k and 29k. There is extreme bearish divergence on the weekly chart. Things definitely dont look good.

Nutty_Trader

Im looking to enter a short position around 52K with target area around 46k. I think we are currently just retesting broken structure and we will continue to the downside.