Looking to me like link has broken a daily down trend and may be attempting to establish some support. On the hourly levels it has broken a down trend and appears like it may want to begin building stairs. Looking at bitcoin I believe we have potential to also break a down trend and if so, we could have great momentum to attempt breaking into the previous range....
Just a brief overview of my thoughts on bitcoin and the rest of the market. We are currently sitting around the area that I had suspected may be our weekly low. Where we go from here is still unclear but I wanted to take time for a good overview and share my plans and how to trade it so that I could still be profitable even if we just chop for a while. Also, the...
Taking a look at the possible bearish scenario for PENGU as we map out this trade idea. A loss of a four hour trend line followed by potential loss of a key local support could cause another leg down. I am bullish on this one however it's always important to have a plan. This really needs to start making some moves in my opinion or we just move to another...
Taking a look at what I believe may be the most undervalued asset in the market as it has broken out of a trend line and is headed towards another test of a monthly level. This level has proven multiple times to be very rewarding. I think this may end up being one of the easiest trades in the market right now.
After all of the ups and downs over the past few days, I zoom out to a higher time frame to get a grasp of what's really happening. With three hours or so left in the day it looks most likely that the formation of a new range is in the works. I'm looking for two options over the next few hours, one being that it gets right back into the previous range and is all...
I wanted to record a brief video of my thoughts for PENGU and where we may be headed. This is an overall compilation from the previous charts shared and how/why I feel this was a good entry for a run towards ATH on this chart. It looks to me that we have a strong support level that has formed along with a quick wick testing a previous weekly level. Right now we...
On the inverse chart I believe what we are seeing is a trend line break followed by a failed reclaim. This then lead to two swing high fails and is now starting its way into continuation (UP). On the hourly I believe it is currently on the cusp of its last “gasp” as it’s creating the peak of its rounded bounce. Still a few hours for this candle to confirm but at...
Most likely this range is broken and everybody is right, we chop around/head down... However the daily has not closed so I wonder, what would you do if three hours from now this closes above the $115,700 area?
Looks like we have had a few runs to the highs from breaks of downward channels. Ended up forming a double top but have found some seemingly strong support levels here at the top end of a previous pennant break.
