linde

linde

We've seen a textbook bounce off of the TD sequential 9 buy after the break of the triangle. However, since we didn't drop low enough (not even breaking the previous swing low as you can see by the red lines) this cannot be considered capitulation. In order to have a more extended swing to the upside we need to break the triangle, the 50 SMA, and Lucid SARs--same...

linde

The descending triangle has broken down with a price target of $24,000. We've already almost broken the previous swing low (at 29,250). Even though we are bouncing slightly in the final hours of the day, it shouldn't last and low will be broken. While 24,000 might be a bit extreme, I'm expecting at least 26,000. The death cross should happen in 3/4 days....

linde

We were rejected right at the halfway point of the channel; however, we are seeing a bounce off the bottom trend line. Seeing that we couldn't even make it past the halfway point, I don't believe this bounce will last and we will break hard below the trend. It is also important to note that we are sitting at the bottom of the daily triangle that is coming to a...

linde

Upper blue trend line is the same as the one on the daily triangle in the linked post. In order to break this downtrend we need a close above this line and the yellow SMA (the 300 SMA on the 4hr aka 50 daily) Additionally, watch this channel we've been forming as a breakdown will likely lead to an even larger more extended break to the downside. See daily...

linde

Descending Triangle points to a ~$24,000 price target. (Despite the breakout there are enough points on hypotenuse to still consider it a triangle.) Death cross of 128/200 SMA highly likely in the next two maybe three weeks.

linde

Keep watching the triangle as its break will be very influential. While the rally in the past few hours saved BTC from breaking down, there is a MRI top on the hourly coming in one candle. Will it reject the price and force a downward break or will the 4hr chart prevail? Even if we break to the upside, I wouldn't take a long trade until we close above the...

linde Updated 

A ton of resistance ahead, but the bounce is more promising than I anticipated. I'm now leaning more bullish than bearish, but I'd like to see another closing daily swing high (anything over 36100) followed by a higher low confirming the bullish trend. The big resistance is right above from the Lucid SAR and the 50 SMA. I wouldn't hop into a long until the SARs...

linde

After bouncing off the ~30/31k area for the fourth time, BTC is testing it again--suggesting a breakdown. I remain bearish on the daily, but bullish long term. My target is still mid 20s for low of the year. Possible inverse cup and handle would have a 24k price target.

linde Updated 

NEW DAILY CLOSING SWING LOW ^Says it all. After not having enough strength to even reach the death cross of the 50 SMA over the 200 SMA, BTC is back down testing its lows. I think it's very unlikely that the ~30k area will hold the price up for a fourth time. With the 6th day of 9 just beginning on TD Sequential count, I'm looking for a 9 buy and reversal in the...

linde Updated 

White line is MVC's entry price. SUSHI/USDT had a nice bounce off this last "9 buy" and support at ~7.50. The stochastic RSI has flipped and is exiting the the oversold territory. Both bullish signs. However, despite these positives, there are too many bearish signs to jump in a trade. With the reversal on the "9 buy" all I can expect for now is a 1-4 candle...

linde Updated 

White line is MVC's entry price. Highest local top in months! = bullish While the price fell through the 50 SMA, it was held up by the 128 SMA and bounced nicely. Currently, we are fighting the resistance at the 50 SMA and consolidating right below--suggesting a breakout is imminent. Unless we fall below the 128 SMA there's nothing to suggest bulls are in trouble.

linde Updated 

White line is MVC's entry price. While it seems like the descending triangle was invalidated, SXP is nowhere close to being out of the woods yet. Still sitting below all three SMAs (50, 128, and 200) with extreme resistance above at ~2.70 I wouldn't touch a long until SXP is above the 128 (~3.25).

linde

White line shows MVC's entry price. After a bit a of a breakout, ORN was rejected hard by the 200 SMA and resistance at $10. Now--breaking the support and making a new swing close--ORN is in a tough position. It seems likely that ORN will break its swing low around $5; however, a nice buying opportunity might present itself with a potential 9 buy coming in 4 days.

linde

White line is MVC's entry price. LINK/USDT seems to have respected the daily 9s quite well in the past. Beautiful bounce off this last "9 buy" which also happened to be a reversal type candle. While we were nowhere close a new daily swing low, we almost had a new closing low which wouldn't have been a good sign. The stochastic RSI has also flipped and is exiting...