mkerner861

mkerner861

Won’t spend much time explaining this one. Broadening wedge, selling spreading out, bullish. Looks like a short term bottom atleast. In a long at 32300 , will see how it plays out . See if we can break out of the wedge. Low leverage for me here and a stop loss just below break even . More downside always possible . Stay safe out there

mkerner861

I never short BTC, but just a short scalp idea for shorters. Second retest of previous support turned resistance at around $35650-35750. Can short and place a stop loss a little above the resistance . Never leverage more than %10 of your portfolio . Take profits early and good luck

mkerner861

Just a simple analysis today, for a bigger picture look at my previous two ideas. Bitcoin broke out of a descending broadening wedge and is now forming a bull flag. You can enter now, or layer in, or wait to see if it breaks the top of the flag (36800-37000) for an entry. If you’re a break out trader then make sure it breaks out of the flag WITH VOLUME, and ...

mkerner861

Check my last idea to get caught up to speed . Didn’t play out exactly as expected but I think still same general idea. We have a very clean falling wedge we need to break out of for now to see any sort of upward momentum. Technical price target of the wedge breaking to the upside would be the top of the wedge. Also in nice confluence with massive volume on the...

mkerner861

Hello friends ! Today I’ll continue using VPVR to show how we could see a small relief rally here for Bitcoin. As you can see we fell out of the months long trend line and rising wedge that I have been tracking for some time. I did decide to sell all my Bitcoin at $57500, when we retested the top of the rising wedge... but didn’t think we would actually fall to...

mkerner861

DOGE bull flag still in play, now forming an ascending triangle inside the bull flag. Neckline of the triangle is also the neckline of a bullish W pattern. If the ascending triangle breaks upside It has a price target confluence with the top of the bull flag. Confluence of resistance at .29 (VPVR and top of bull flag) Wait for .29 to break and have a solid...

mkerner861

Possible long set up here, friends. Doge has been forming a bull flag ever since reaching all time highs of around forty five cents. The parabolic curve has supported us now and may bring us up to break out of the bull flag. We do have two areas of VPVR resistance to watch out for as marked on the graph. One at about twenty eight cents and the biggest VPVR...

mkerner861

Doge bouncing massive VPVR support after recent dump Posssible long trade. Set stop loss at .28 and use low leverage

mkerner861

Hello fellow coiners, and no coiners alike, hope you are having a wonderful day. Today we are looking at this large ascending channel model, with the additional VPVR graphic. It is, technically, an ascending wedge as the top (green) trend line is at a slightly tighter angle than the bottom (red) support line. Either way , we have once again fallen into the...

mkerner861

Hello fellow coiners, and no coiners alike, hope you are having a wonderful day. Today we are looking at this large ascending channel model, with the additional VPVR graphic. It is, technically, an ascending wedge as the top (green) trend line is at a slightly tighter angle than the bottom (red) support line. Either way , we have once again fallen into the...

mkerner861

DOGE is consolidating inside the apex of an ascending triangle (bullish) and a break out is imminent. With bullish news and media hype from dogeday 4/20, I expect us to break to the upside. But if you want a simple,relatively safe trade set-up you can use this technique. Do not place a long at the break of the triangle, but wait for the retest of the previous...

mkerner861

Doge is breaking out in the media with news of “Dogeday 4/20” and DOGE is actually set to break out of an ascending triangle , which is a bullish formation . The technical price target of the triangle is .56, but with DOGE’s high volatility the price could go much higher. I am not a believer in the long term vitality of DOGE. But with it being doge day, the mass...

mkerner861

Bitcoin has recently formed a bat pattern, after a long consolidation, and briefly dipped below the green trend line that we have held since November. The only other time we dipped below this trend line was after the $20,000 all time high , and a very similar bat formation. With the recent months long consolidation, break out and retest of the all time high, ...

mkerner861

Very simple analysis 🐶 Parabolic curve

mkerner861

Polkadot is primed to explode, as we have been consolidating in a larger ascending wedge, and now a smaller symmetrical triangle. The direction in which the symmetrical triangle breaks will decide the immediate direction of DOT, and a symmetrical triangle in a bull market is a usually a trend continuation pattern (we have an up trend). Technical price target of...

mkerner861

Bullish cup and handle, price target of $66,000. Wait for the break of the handle around $61250 then go long. Take profit at 65,000

mkerner861

We have been consolidating for over a month now in the 55-61k range, forming a massive ascending wedge/triangle. While we broke out of that formation a few days ago, no explosive move has been made. We are now retesting the previous resistance of the massive triangle on the 4 hour charts and we have formed a smaller symmetrical triangle on the 1 hour candles. This...

mkerner861

Bitcoin still trying to break out of more than a month of consolidation . After the recent “fake out” , a definitive neck line has been made for ascending triangle/inverted head and shoulders on the 4 hour candles at 60,500. A move past this price should propel us to the all time high, and likely towards the Fibonacci golden extension at $68,000.