Rogez

Rogez

Simple Idea still in play from my previous post. Weekly candle still able to close within the flag. Target 12k. This would be an 85% drop from the ATH. Typically found to be the case in most Bear Markets. Capitulation is near.

Rogez Updated 

Simple Bear Flag Pattern that would predict a breakdown to 12k if follows. Midweek playout.

Rogez

Retest of prior support then a retrace to previous support from a while ago.

Rogez

The Bitcoin price has created a lower low but the RSI hasn't followed hence creating a higher low which shows us there is a bullish divergence expected. Crossover on the MACD further confirms this momentum switch. I'd expect us to potentially push price back towards the $45300 level before we see any further price movement downwards. We also could break this...

Rogez

We have broken out of the ascending triangle we have been forming for the past few weeks. Clearly shown by the diagonal support across the bottom and the three touch points on the resistance of 45k. 52k on the .382 Fibonacci retracement which previously acted as support/resistance, this is the breakout target currently to look out for. We are slightly over sold on...

Rogez

Currently experiencing a retest of the rising wedge, hopefully we will break back into the wedge making a bullish case scenario opening an opportunity to open a long position to the top of the wedge. However we could get rejected and retest the previous support. All depends on which direction Bitcoin is going to choose.

Rogez

After the initial sell off after reaching a new all time high there has been strong support around the $4000 price point which is where the 20 day moving average is present, strong evidence is shown by the dragonfly doji candles at the bottom of the triangle presenting large buying pressure. Strong resistance is highlighted in the red box, if buyers remain strong...

Rogez

An Inverse head and shoulders has been forming showing the technical price target of $63.8K. We seem to have broken the neckline which was strong resistance but we still haven't seen a decent increase in volume to confirm the breakout. The RSI and MACD looking bullish as we aren't approaching any sort of resistance on these indicators yet. We could see the price...

Rogez

The Dogecoin hype being lead by Elon Musk will potentially continue through the remaining months of the Bull-run to a final price target of $1. Before we continue to trend higher, a correction is due for Dogecoin while other altcoins increase in capital. The MACD crossover is indicating the sellers are now regaining control of the price after an extended uptrend....

Rogez

As Bitcoin continues to hold the support level of $53k, a triple bottom seems to be forming which is a bullish signal showing significant interest to buyers and a trend reversal could be approaching, further being supported that sideways price action and low volume usually indicates that a major move is imminent. If volume begins to increase and price moves...

Rogez

After we broke out of the descending triangle towards the downside, Ethereum managed to find it's bottom for now at the 1560 mark. The bulls were able to push the price towards the upside touching the 200 EMA. A Bull flag is forming which is a signal to enter a long position if we break above the flag and receive a volume confirmation. If we break back into the...

Rogez

As Bitcoin and Ethereum continue to fall into key areas of support, price action is bouncing in a descending wedge which usually shows the trend is about to reverse and move towards the upside again. 1260 is a strong support level for Ethereum as initially it was strong resistance point back in January when we tested this level three times before managing to...

Rogez

Price action is being supported strongly around the bottom of the trend channel and 1450 area creating a double bottom, this is a bullish sign as long as the buyers can push price back up towards the neckline. A Bullish confirmation to enter a long would require the 20 and 50 EMA to crossover on the hourly candles and a retest of the neckline to present new...

Rogez

Potentially going to break towards the upside.

Rogez

On the 15 minute candles we can see the price bounces off support and resistance in the shape of a Symmetrical Triangle, even chance we could break upwards or downwards but considering we are hitting the bottom of the large ascending trend channel, we will possibly see a bounce towards the upside. 1800 being the bullish target and 1180 being the bearish target....

Rogez

We may have found the bottom, drew this ascending red outlined trend channel a while ago due to seeing various support lines. We managed to break out upwards away from the trend channel but got corrected towards the bottom. We're currently in an oversold state on the 2H candles and the start of a MACD crossover is beginning on the hourly candles. Myself I think we...

Rogez

An opportunity to place a short position in the immediate short term as we keep testing support at the top of the trend channel after managing to breakout, could return back down to 1720 and bounce upwards. This could happen later today or tomorrow. Worst care we could see a return to the very bottom of the channel putting the price around 1660.

Rogez

BYBIT:ETHUSDT Using the Fibonacci tool we can see that 1800 is becoming strong support that is managing to hold against the negative price action, ETH is not currently in an overbought state shown on the Money Flow index which means there is still some possibility of a further price increase to a new all time high. However we may breakout up to 2000 - 2100 if we...