ronzo777

ronzo777

Bitcoin has been ripping towards ATHs and looks set to break through soon. A huge factor in this has been institutional buying for recently approved ETFs, with demand outstripping supply. On this chart I've drawn a simple channel, using the 2013 and 2017 highs and lows as the top and bottom points of the channel. Covid lows are outside the channel for obvious...

ronzo777

Lowes (LOW) is currently touching the 200 Weekly MA and is likely to see a bounce from this level, regardless of whether it breaks down later on. Breakdown likely to hit trendline highlighted on chart. Exit price for bounce would be around $215.

ronzo777 Updated 

LTC is testing its 30th June breakout. LTC broke out of a wedge, pierced the 200 weekly moving average, but could not hold above it, and is now retesting the breakout of that wedge. It must hold above this, otherwise we can assume the pre-halving rally is over.

ronzo777

Filecoin has formed a textbook bullish pennant - large flagpole, consolidation before the next move. Look for a breakout on high volume, and potential retest before entry.

ronzo777

Possible Cup & Handle pattern on original LUNA. Trade breakout and retest of the resistance line. Several hits of this resistance are highlighted.

ronzo777

LUNA2 has formed either an ascending triangle or a symmetrical triangle. Both are bullish, the only difference is identifying the breakout point.

ronzo777

Firstly, apologies for the size of the chart - I had to fit in 3 cycles, so the size is a little small. Also, ignore all Fib levels above the 1. I forgot to remove them. The chart in itself is very simple, and as close to a cheat-sheet as you are likely to find, in my opinion. I have used 3 indicators to produce this chart: 1. Fibonacci Retracements 2. 200 Week...

ronzo777

I'll be honest- I don't think this is what is going to happen, but just presenting a possibility. BTC is in a potential ascending/rising channel, of which it is currently testing the mid-point of that channel. On previous touches of the midpoint it has seen bounces or rejections. We could potentially see BTC bounce off this midpoint as support. It would need to...