wenxuan2

wenxuan2 Updated 

As the euphoria of a potential bull run coming in, we must continue to look out for any potential reversal patterns and play both sides of the coin - either Long or Short. With the recent pump from the lower trendline, we can see that an ascending wedge has formed with the Higher Highs (HH) and Higher Lows (HL) plotted on the chart. Both resistance and support...

wenxuan2

BINANCE:BTCUSDT after PPI news and hawkish statement by the FEDs, seen a massive sell off directly at $21600 range and broke out from the huge ascending wedge, showing that the bullish trend is ending. The price broke down and reached the fib point at 0.786 $20500 and retraced back to the top. At current time, we can see that a descending channel had formed and...

wenxuan2 Updated 

BINANCE:SOLUSD currently in a confirmed ascending channel after touching the upper trendline multiple times. Here is what I would think would happen, with CPI looming ahead. The below scenario is quite likely. We had massive pumped over the last few days and today we had a confirmed breakout from the resistance at $15. We are looking for a short retrace down to...