PistonHonda

PistonHonda

Yesterday Bitcoin managed to momentarily break through 34K resistance during US trading hours before seeing another pullback at 35K where supply supply is still present. Whilst the 30K area is well defended the 33.5K is now important for the Bitcoin bulls to hold in order to sustain this possible rally. There is news in the headlines about Paraguay proposing a...

PistonHonda Updated 

After Bitcoins recent decline below key support level of 42K there is a lot of belief that Bitcoin and crypto in general are entering a bear market. With that key loss of 42K and multiple rejections in the assets attempt to recover and commit above that 42K area this argument for bear market holds lots of weight... HOWEVER Are we about to see a dead cat bounce...

PistonHonda Updated 

Left arrow was TESLA news buying Bitcoin. We never tested that level. This test is important. We either hold here and try to bounce or we go down to around the 28K level. If we see 28K could the bull run continue? I think it could. Do you think bull run is over? Would love to hear your comments!

PistonHonda Updated 

Multiple Reaccumulation Structures on TRIAS USDT pair. Price action for a micro cap has been surprisingly well behaved. Beautiful initial reaccumulation with very pronounced creek and spring action followed by successful retest/confirmation. BU/LPS formed perfectly out of a reaccumulatuion after decline on smaller time frame again followed by a spring action...

PistonHonda

Related to my other published idea with the horizontal trading range. Slight adjustment same idea with a higher bittom of 47.9K instead of 45-42K. This is with an upsloping trading range which seems more valid for now. We could see continuation to the upside if we hold above 50K in the form of BU/LPS.

PistonHonda Updated 

I believe we could be seeing a phase c of our re-accumulation structure. We are seeing a lot of speculation and fear in the market which has been incredibly greedy and overheated. RSI is approaching the oversold condition for the first time since March 2020 Covid 19 Sell off which was a spring action. I expect institutional buying to take place around the 43...

PistonHonda

BTC suffered some shock with latest supply bar on daily that came into the market. I am only bearish short term a retest of 42K region is still very bullish in the meantime I beleive this is a short term re-distribution that will start the momentum for a move to lower 40's soon

PistonHonda Updated 

DOT has been in a re-accumulation structure since Feb 22nd when market leader BTC had its sell off and correction. Accumulation has almost been completed and we have left the range in the form of a macro timeframe re-accumulation above our trading range. Ordinary shake out failed to push the price down lower and so far in the current smaller structure we are...

PistonHonda

Distribution Structure on the intraday timeframes. Huge mark up from accumulation formation, exchange tokens are slowing down whilst money flows into the DEFI sector, majors and midcaps. I see supply on wide spread after over extended trend, stopping action caused reaction. We had a rally in the form of an upthrust, an ST as a sign of weakness and now have an...

PistonHonda

Total speculation for fun only. The Crypto community is definitely at the belief stage with the recent break out. Talks of the being a distributional structure are going around. Personally I do not see that myself. I am seeing an accumulative structure. Reasons why? 1. Lack of supply. Record amounts of BTC is being taken off exchanges and liquidity reserves...

PistonHonda

Looked for a spring or secondary test of the demand line that has been well defended throughout the range so far. Well done to all the guys in the Discord who took this trade with us. Played out nicely.

PistonHonda

HBAR has been in a re-accumulative state since around the 15th of March. A recent change of character and break out show that supply has diminished as we formed higher lows through out the range before breaking out. We are currently now retesting the top of our trading range sat in the oversold condition on the long term trend line . Some more consolidation in...

PistonHonda Updated 

Arrows indicate Spring actions on January's re-accumulation and February's accumulation after decline. Currently in our re-accumulation we have perhaps been just subjected to a "terminal shake out" which saw us drop down to $50400 and a wick down on the daily into our old trading range. We have managed to rally up and break our local trend line, if we keep this...

PistonHonda

LINK has been re-accumulating since BTC profit taking event on FB 22nd. Steady accumulation, broken out of its local resistance and is now forming a macro accumulative structure above its trading range with exhausting supply forming higher lows. Looking to see a break of regional resistance soon, continuation expected.

PistonHonda

SXP has been in an accumulation range for a while now. Recently broke out of its range and is now forming an upward re-accumulation structure. Bullish sentiment here, POE's should have been taken before leaving the old range although some aggressive 4 hour demand bars on high volume could be a possible POE moving forward. I expect continuation from this pattern...

PistonHonda Updated 

Accumulation Structure on the intraday time frames. Current long position open for an intraday trade to the top of the TR. TP at resistance. Also following this structure for a campaign style spot position for the rest of the bull run.

PistonHonda

Aggressive supply and spread down to lower of the TR. mSOW very clear. Fall below support, will probably fail to recover above old support and reject downwards. Exit Position or Short