PureHopiumTrader

PureHopiumTrader

It looks like we have a 121 Bullish harmonic setup here. I'm Long here and have been accumulating BTC/ALTs on these dips. I think if we break the 65-66k zone, we will continue moving up. Also, the 1H MACD is above to flip up. Stoch RSI/RSI is looking good; KDJ is flipping on the 2H and almost ready to flip on the 4 hr.

PureHopiumTrader

All the signals I use for a short are confirmed here unless we make another move up soon. First, we got rejected by one of the most important resistance levels. Then we have the 3rd bearish div on the 4hr RSI, decreasing momentum, the volume spike levels are dropping, and the OBV is flattening out. Try to find a good entry and good luck but... be careful! The only...

PureHopiumTrader

ICP looks like it is going to breakout. Bullish divergence on many time frames. It has huge upside potential and can possibly be a great swing trade with amazing returns. I'm looking for a long entry very soon, hopefully below 43.4

PureHopiumTrader

The divergence and weaker pushes upward are making me think this is a local high at least until we see a pullback. I'm entering a short will DCA more into it if we push to 58-59k area before a pullback. After that, if the market reacts positively, I will re-enter my long.

PureHopiumTrader

This is a common theme of what happens when you make a move as large as we have. You get a very bullish trendline and it breaks after we see divergence on the 4 hour and it becomes exhausted. How the market reacts when we see the pull back of this trendline breaking will be key to where BTC goes next. If we hold above 50k I see a great chance at contesting the...

PureHopiumTrader

The 4 hour is becoming exahsted. Here are some options for when BTC breaks this bullish trendline. How the market reacts here is key to what happens next.

PureHopiumTrader

Short the weak bull. Long the strong ones. This looks weak to me.

PureHopiumTrader

Here I use BTC critical points and my lighthouse strategy. Find critical points in the past on your chart and make a cone coming from the point you have chosen. If done correctly, the volume should find support and resistance along with the bounds of the cone. Usually, volume bounces around in these areas as if it was stuck until it is released violently in one direction.

PureHopiumTrader

I am analyzing the daily here, so I will focus on a large price range and explain what I will be looking for to guide me in the upcoming days/weeks. I will only talk about the Fib Speed Resist and some simple support ranges and levels that I quickly added, so they are not extremely precise, but the ranges are fine. I just wanted to share the Fib lines publicly...

PureHopiumTrader

Here we have a 4h chart of BTC over the last week or so. What I'm looking at is the MFI divergence. MFI is a good indicator to confirm failed signals or reversals. We see bearish divergence here, which is a good indicator that we will see a downward breakout of the current consolidation period we have seen in BTC. I hope this helps you decide for yourself what...

PureHopiumTrader

You will see my description in the text boxes. This is my view of the same patterns being seen in the indicators before the last big drop from 58kish. My prediction is still the same as a few days ago we are going to break out into a downward trend.

PureHopiumTrader

My main way of trading effectively is through pattern recognition that confirms future price movements based on past movements when seeing the same patterns in the chart and the indicators. I also use fractals and some other methods when I can't come to a decisive conclusion. As you see here, we have our Bearish Pennant, and inside it is our consolidation after...

PureHopiumTrader

We see a Bearish Pennant here and also we see a pattern in the Stochastic RSI that is the same pattern seen before the last big drop. I say we see another big drop here to test the last bottom we had and more than likely see that push through to lower bottoms.