mycotoxin

mycotoxin

This setup resembles a symmetrical triangle with ETH targeting the 1275 area.

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BTC - All roads appear to lead to 18k reasons below : 1) The measured target of the falling wedge is 18k: 2) The measured distance of the expanding wedge is 18k: 3) This move looked like a Bulltrap as was decribed here and also described here 4)

mycotoxin

When the wyckoff phases A through C are added to the 1 hour time frame this pattern resembles a falling wedge to me. Also From the chart pattern it also appears BTC can currently be in a local 'Phase C' . Whats the 'Phase C' business ? ======================== Phase C in the Wyckoff methodology is where price can attempt to move upwards and break...

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BTC - Expecting movement down to 18k . Based on the chart below, my thought is its highly probable that BTC will move lower to the 18k Zone. As was pointed out last week, the chart below shows bearish tweezer tops on the weekly chart. indicating a bearish market reversal brewing . Moreover, the weekly and daily charts also list several bearish...

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if we apply the wyckoff phases to the current setup then id say we are in phase B and a bear trap is brewing . I also suspect this current setup to be a continuation of the idea presented earlier in the graph below In a wyckoff phase B when the support is broken there can be a reaction in the form of a fast move up called the ( MSOS) Minor or Major sign of...

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A Bearish Tweezer top on weekly and BTC under the 50 and 200 MA resistance indicates a potential bearish reversal Hence id the expect more downwards action on the upcoming weekly candle

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Expecting a drop to 18k if BTC falls out of the rising wedge . One thing to be aware of is the shady double top move where BTC will recover upwards inside the rising wedge only to fall out of it . if BTC currently falls out of the wedge id expect a head and shoulders similar to this with a move to 18k.

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This is a rising wedge and BTC can bounce here or at 21500 as shown on the graph below However id expect some challenges recovering if BTC falls out of the rising wedge as that would now form a head and shoulders reversal to the south side Also ..whats up with the MACD which is forming a bearish divergence on the daily .

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if the wyckoff phases are drawn in then this looks like a local re-accumulation in a phase B to me . Normally in a phase B the market makers will retest the bottom of the range ; hence as this is a slanting upward trading range Im expecting BTC will have to move back down and retest the area between 22500 and 21500. on the flipside if BTC is indeed really...

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Profiler shows possible bounce spots as 2300, 21800, 20900 . Id expect BTC may make another attempt at moving past 25000 before any major rejections.

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I must admit this does look like falling wedge which is generally considered a bullish pattern . However if we turn on the Moving averages and look closer at the "area of interest" box this is a tough spot as there are several resistance confluences at work on the weekly . These are : 1) The MA 200 resistance 2) The MA50 resistance 3) The resistance formed...

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This current move up seems off to me and this setup must be a Bulltrap - Why ? because there is a test missing to retest the ST as SOW ( secondary test as a sign of weakness) . The market makers normally retest the ( ST as SOW) area or close to it before pushing price higher . What im expecting to see is price moves lower towards "Phase C "with a minimum...

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This sudden move up looks like a Bull-trap to me and I''m expecting price at the minimum to return to the 18K area

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ETH shows a Double top on the 4 day with a Target at 1424

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Currently Id expect movement down to the 20 to 19k area followed by a move back upwards Should BTC close below 18k then this indicates the downtrend movement is going to continue. However as long as BTC remain above 18K I expect movement back upwards to form a Bull-trap at the 25 to 27k area to Clear out the longs. After this Bull-trap Id expect the...

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The 9 day chart shows an evening star candle on top after a strong bullish move up . The evening star candle on top of strong bullish candles indicates a trend change and the expectation is price should reverse direction . In this case that movement should be downwards and not upwards . My thought is BTC is still paying out the Bear-trap mentioned in the...

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BTC - Bearish falling 3 methods forming on the 4 hour indicating possible reversal to the south-side. Best to keep an eye on this fellow as this setup looks highly suspicious.

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This sure looks to me like the Bear Trap mentioned earlier in the chart below playing out. A target in the 21 to 20k area will be possible target zone.