Price is balancing on the proverbial knifes edge. Note the RSI and slight bullish divergence. Also note horizontal support at 31K, however price is just under the gaussian channel. A trader could enter a smallish long play here with tight stops just under 31k and only add to said long if price re-entered the channel in the 31.8k range. Said trader would then...
ParSar flip and bullish RSI cross over the sma. Sparse hopium for the bulls but there nonetheless. HEX is also on fire. Save the hate.....it's one of the very few coins in this market that is prospering.
ORAI breaking out over resistance. Strong RSI trend. Spec play. About Oraichain Oraichain is a data oracle platform that aggregates and connects Artificial Intelligence APIs to smart contracts, serving as a foundational base for the creation of new Dapps leveraging AI technologies. Oraichain is the world’s first AI-powered oracle aiming to revolutionize the...
Keeping an eye on GRT for a possible breakout here. Price is at the nexus of horizontal and down sloping resistance lines. Green dot purchases made a few days ago and all is looking like further continuation to the upside is likely. Short term consolidation at this resistance area may last for only a few more hours, especially if Bitcoin manages to hold...
Simple strategy I sometimes employ....or at least look at. I overlay a 12 period simple moving average of RSI over the standard RSI and watch for bullish or bearish crossovers. A Parabolic Sar dot reversal at the time of RSI crossover is helpful to confirm the signal. Most times it leads to decent results however you will get the occasional head fake or choppy...
Watching ROOK for an upside break over clear resistance at $140 All buys on any alts are contingent on Bitcoin holding the 31k line. If Bitcoin breaks and holds over 33,500 than toe dipping in alts will commence with tight stops under 33k on Bitcoin. ROOK peaked around $918. Quite the discount if the current situation reverses.
The current trading channel for Bitcoin. Support and resistance easily identifiable. Pivot line in the middle for short term bias. RSI for oversold/overbought and pattern recognition. Keltner channel for identification of extreme moves (when candles move outside of the bands)
Pick your spots. Look for divergences. Watch the pivot for short term bias. Set stops.
Almost every time the RSI drops under the 50 level has been a good time to short doge. Parabolic Sar dot bearish reversal with the dot over price. Descending triangle. Short term target .20 cents. Longer term Target .05 cents.
Dominance shifting back in Bitcoins favor while nobody is looking. See above.
Could be a potential problem if the nasd is taking a similar path as bitcoin. Wyckoff distribution on Nasd? Relative strength bearish divergence. Warning shots FIRED!
Shoutout to Lark for pointing this out. Watch for the breakout in either direction and trade accordingly. Measured move targets listed above. Watch the pivot at $36,000 for an early heads up on probable direction of the break. Also keep an eye on the RSI for a clearer picture of what's happening.
Possible head and shoulders with neckline noted above. $27ish is the pivot. Link is the google of crypto. I've been scaling in on most of my plays only on RSI reads under 25 and scaling out on RSI reads over 75. When the bearishness dissipates these levels get adjusted. Stay safe.
Short term analysis showing a break over the down sloping resistance line and subsequent retest of the line. If the line can now act as support it would suggest a move to next level horizontal resistance at the fibonacci 50% line at 44650ish. Hope everyone put on a fresh pair of underwear after the recent carnage that was certainly manipulation on multiple...
Cardano continues to trade well under bearish Bitcoin and Ethereum(sort of) trading. Positioning for a possible upside break over $2.00 Watching for the red dot if position entered for profit taking target.
Favorable technical look for a partial buy here on Matic/polygon. (See indicators above) Add to position on confirmed break over resistance at .81 Stop loss under recent low at .70 Cardano, XRP also worth a look.
BFD on RUNE. Partial buy here, more on confirmation of reversal. Reversal indications will occur on a MACD bullish cross (blue line over red line) and Parabolic Sar dot switch to below the price candle. Price could drop lower to the support line around $10.59 but since price is already very extended from the 24 ema I don't see it dropping much further. ...