davidrainone47

davidrainone47

Enough said in the title. Double bottom forming right at the 200 week. What are your thoughts? These sub $100 calls are looking a bit ridiculous now.

davidrainone47

Pretty simple... bullish divergence. Head and shoulders targets feel irrelevant to me right now- selling pressure feels absolutely exhausted.

davidrainone47

Woo-hoo!!!!!!!!!!!!!!!! This is a great sign! If we make a higher high here, the Wyckoff Distribution is invalidated!!!!

davidrainone47

Y'all, you really can't get much cleaner than this. Breakout and re test on the weekly RSI. This looks like a great long term set up to me. I hope you bought sub $1,000 while you could!

davidrainone47

Just as the title says- imagine the memes if we go down that low. Lol. I highly doubt we will ever go down to those prices ever again. I don't think this long term head and shoulders pattern will play out. I think it will be the biggest bear trap of the century, and I think those people will be buying higher because they waited on the sidelines for too long. Way...

davidrainone47

I don't know- this set up looks good. New moon tonight, big pump going into the merge. Bear market continues after the excitement for the merge dies down. Buy the rumor, sell the news event maybe?

davidrainone47

Bearish divergence on DXY weekly timeframe, monthly RSI on DXY is overbought, right when the crypto market started to pump from the bottoming out... I don't know why everyone is so bearish on crypto right now.

davidrainone47

MACD Weekly bullish divergence, looks like moving averages are bottoming out as well. I truly do think the bottom is in.

davidrainone47

Weekly hash ribbons just called this capitulation. I think the bottom is VERY close. I'm buying back in now! Remember, folks, DCA is the way to go!

davidrainone47

It's time to start accepting that the bull market is over. Death cross looming in the 21 week and 50 week EMA's. Rejection after rejection off of the EMA's. Down trend continues. Bitcoin is not going to 300k. Eth is not going to 10k. I'm targeting the 200 week at this point.

davidrainone47

Calm down- we are just going back up to the moving averages just to get rejected again. Short at the moving averages. Bitcoin will get rejected off the 21 week again, and ETH should have a moving average death cross soon.

davidrainone47 Updated 

ETH looks like an absolute train wreck still. Bitcoin rejected from the 21 week EMA, weekly EMA's (21, 50, and 200) are in a bearish stack now. ETH looking like it will follow, as well. I sold everything shortly after the last time I posted in November, and looks like I did really well! Sold Bitcoin at $61,000 and ETH at $4,450. Sitting on the sidelines, and...

davidrainone47

RSI consolidating in this ascending triangle. Cup and handle breakout and re test. I don't know, this looks like a good setup to me. This bull market doesn't last much longer though. I think Bitcoin is forming another distribution style top, and that will be the absolute top of this bull market. Probably around $75,000. I think Eth will top out around $8,000 when...

davidrainone47

This recent Bitcoin price action gives me April-ish vibes. I have no idea why Bitcoin is struggling so hard to break that 60-70k range....

davidrainone47

Double bubble scenario seems to be playing out PERFECTLY... as soon as we plow through this resistance, the weekly RSI will be breaking out of the downtrend and will be heading towards the 90-95 level again, where we should top out in December or January. Expecting a blow off top at $15,000 or so. Congratulations to everyone who held through the May crash and the...

davidrainone47

ETH just continuing to climb the stairs. Nothing new or exciting here. Bull market is still on. Looking at a blow off top for Bitcoin in December, and then a blow off top for Eth in January.

davidrainone47

Bearish divergences across the board on all market caps- however, on a conflicting note, a cup and handle breakout on just about everything. Don't know what to think of this. What are your thoughts? I think the bearish divergences will cancel out as retail FOMO comes in (which it should soon).

davidrainone47

Room for more upside- I think the break above this all time high is about to be very explosive. Be careful, new moon on November 4th, which will definitely signal a local top. Astrology is BS, but the moon cycles have some scary correlations with the crypto charts. Who knows. Maybe a bunch of insane people actually trade the moon cycles and it induces highs and...