SoupKitchenManagement

SoupKitchenManagement Updated 

At the Time of Writing this, BINANCE:ETHUSDT Sits at 3327. Upward trend yesterday propelled by little volume and consistent with bearish sideways action. Chart showing short term Bearish trend. ETH still remains above major trendlines, 50% Fibs, and bull flag remains valid. However if one is looking to get in again. Seek tonight or this weekend for lower price....

SoupKitchenManagement Updated 

Lorentzian Still showing negative with upward movement. All indicators still showing negative probabilities. Downward pressure small but still present. Bounce off of 3400 due to volume profile. Next leg down at previous target of 3260 for reentry. If 32000 doesn't hold Current medium term trend broken then the next step down is at the .68, 2/1 Gann that is also...

SoupKitchenManagement Updated 

No this is not a late-night commercial on fox news. Gold has the potential to go back into a long-awaited price discovery pending the ability for the price to follow an INTRA-YEAR cup and handle pending the break to the upside of 1800. So take your eyes off Tucker Carlson and watch Gold. BUY BUY BUY GOLD Just kidding, all Joking aside with new unprecedented...

SoupKitchenManagement

As of the time of writing this BINANCE:ETHUSDT Is currently trading at 3483. In all disclosure I exited a long position after the rising wedge I spotted on the 4 hours on Tuesday, however I do plan to get back in. On to the analysis As you can see above in the short-term ETH is going to be experiencing slight contraction. IF we look at the Monte Futures on...

SoupKitchenManagement Updated 

COINBASE:ETHUSD As we can see currently as an intra-week trend we are headed downwards after the break from the megaphone downwards. Why will it go up? First, let's start with the technical analysis. We have been sitting in the 2/1 gan fan for some time now meaning that the bear momentum is dying. we may go down some more but it is mostly moving sideways. Upon...

SoupKitchenManagement

BINANCE:BTCUSDT CRYPTOCAP:ETH BINANCE:ETHBTC As the market hits the current turbulence some speculate a Bear market and others a Bull, however, it is the opinion of this author that the situation may be more nuanced than the typical binary thinking that has become oh so prevalent within the crypto community. Could it be possible that crypto has grown to such...

SoupKitchenManagement Updated 

BINANCE:ETHUSDT At the time of writing ETH currently has gone under the 3200 mark, which in itself is not an invalidator, however, we are in a pattern called a megaphone pattern. This is usually a pattern seen at the top or bottom of a volatile run and typically indicates a reversal upon the breakout. We also have a major crossover of the MACD and KDJ into...

SoupKitchenManagement Updated 

we will see how everything goes, but signs are pointing towards the downward cycle continuing We were hoping for a full Wykoff fractal replication however it seems this micro rally didn't have enough steam. Lots of Bearish divergences rising wedge respected the only hope seems to be if this candle breaks on the 4 hr above the medium-term downtrend which will...

SoupKitchenManagement Updated 

If the down channel is broken with the Inverse H&S then there may be a possibility to form a cup and handle in the 47k region. -kdj is crossing over with oversold rsi and bullish diversion. -the most sentiment is the bearish meaning if we follow the laws of irony the price may go up. Just a possibility, not a prediction, the market still looks bad. Plus there's...

SoupKitchenManagement

Just look at my last post, this one is just continuing with an H&S theory. -Staff at the soup Kitchen

SoupKitchenManagement Updated 

We predict a climb to 45k within the next day, whether or not it is accepted or rejected is not for us to say. bought lots at the middle and bottom, ride it up for a daily profit. still in Wykoff be careful -Staff at the soup kitchen

SoupKitchenManagement Updated 

BITFINEX:DOGEUSD As you can see with an exhausted KDJ and an oversold RSI now may be the time to make some quick cash DOGE fighting. Who knows where this will be in a month but in a few hours, there will be a chance for it to pop a cent or 2 or at least by Tuesday morning. My last post shows my expectation of the drop as well as an entry point. Exiting with .15...

SoupKitchenManagement Updated 

BITFINEX:ADAUSD It is becoming increasingly obvious that ADA will be the victim of a harsh correction in the area of OBO 30% -KDJ cross over -New low on RSI -Shrinking volume Buyback in at the .618 Fib retracement in the 1.85 cent area It is our opinion that ADA price movement is lagging behind BTC at some yet to be discovered ratio Pullbacks are good for...

SoupKitchenManagement Updated 

BITFINEX:DOGEUSD This was my favorite prospect going into 2020 and granted me some nice capital for other ventures, however, it is seemming more and more unlikely that all DOGE go to heaven. The weekly outlook for this coin is not looking promising with more potential risk than reward. KDJ on weekly showing a crossover for long-term change in direction. There...

SoupKitchenManagement Updated 

COINBASE:BTCUSD View the previous post. This is just a cleared-up visual. Grab your cash and get ready to bid this weekend cause this is where houses are bought;) -The staff at the soup kitchen

SoupKitchenManagement Updated 

COINBASE:BTCUSD Possible head and shoulders pattern on BTC 4 Hours to move into Wykoff phase distribution E Be careful on this trade, no discernable bottom is clear until in the thick of it, however, there is a moderate probability of a bounce off 43000. This is only valid if support the 47000 holds, if not this will be a different kind of Sunday. Just a...

SoupKitchenManagement Updated 

COINBASE:BTCUSD Pending an act of the Almighty whales, it seems that the Wykoff has been confirmed. We have not seen buying power of sufficient force nor volume to reach key areas which would indicate a bullish uptrend however pitchforks reveal that a downtrend channel of decent reliability has been formed. It is my belief we are moving into the Wykoff...