f-73
EssentialDiamonds. The most troublesome, errating and betraying patterns you'll ever stumble upon by doing AT. Watch out folks, play your move and deploy a safety net. We're about to roll.
Only 3 times in about 10 years Chaikin Money Flow broke down -0.30 upon a single impulse on daily TF. December 3, 2011: CMF = -0.42 January 15, 2015: CMF = -0.41 March 12, 2020 : CMF = -0.36 First 2 basically marked a trend reversal. Awaiting outcome of the third one.
Bulls struggle to overcome the identified resistance box, whose upper bound is around the 10350$ mark ( close to limit of Weekly BB as well ). A dip in the 9100-8400 $ short term support range may prove healthy and allow for an inverted Head & Shoulders targeting 14.000$ area within a few weeks. This is a follow-up to: Scenario: we have 4 rising MAs (...
TD count = 8 on weekly, already overbought on weekly TF. Yet Bulls DO have a clear opportunity here: just check back on left ... In order to succeed here bulls should achieve a STRONG breakout of weekly upper BB (see below) on volume. Be aware of both risk and opportunity here, either way a strong price swing is expected and you can't afford being caught off...
Current Bitcoin Dominance figures are pretty impressive. Already pushed the 70% resistance area, within an ascending channel. Divergence ongoing on RSI. Volume up. A massive capital flow from Alts towards BTC may happen at any time *IF* resistance crumbles. Flip of the coin: bias is upwards, but hypothesis would be invalidated in case of breakout of support,...
XRP price putting some pressure on both long term resistance and middle line of weekly BB. It's definetely not enough to safely open a Long ( it may be rejected ), yet worth watching closely for any breakout as XRP major price movements are usually pretty quick and abrupt.
Time has come for bulls to show some strength. Weekly looks good: CMF recovey, MACD crossover, price over all MAs ( including MA20, middle of BB ). Short term possibly en-route for upper bound of weekly Bollinger Bands. Monthly TF may give confirmation of a morning star within few days. Yet fuel ( =volume ) is needed. No hurry, we'll see. NOTE: The chart...
Weekly CMF historically exhibits a repeating pattern: each and every time it strongly breaks its dynamic resistance ( red ) after having gone sub zero it draws a decent buy signal. Now it's already drifting around resistance, so watch for a strong spike towards zero area for a buy. At the same time weekly RSI got around its resistance as well. which is not...
I know, most of you would welcome some optimistic view, after many weeks of raging bears. Yet nowadays optimism has to be earned. Let's consider the ongoing rebound by facts: We got a squeeze, grown on oversold ( well up to 1D timeframe ) and eased by a TD count=9 on daily TF, which usually means at very least a pause if not a reversal. So far all bulls...
Technically it's still soon, no hurry. Anyway get ready for resistance breakout, then watch for Weekly Parabolic SAR reversal. Lazy guys may go Long now with SL under support ( 100-110$ ). Others should await after a breakout on volume. Good luck, DYOR.
I hate diamonds, seriously :) They often betray me, by turning into half staffs. Anyway, we may have one of them here, a candidate diamond bottom. It still needs confirmation or rejection , so don't hurry and look closely to further price action. DYOR. Act accordingly. Best wishes.
Monthly chart: longs broke out and close to recent highs. Shorts compressed within a triangle. Something massive is coiling. Massive. Good luck and be careful.
Short term setup: morning star on decent volume, a steep support may help bulls to pull back in the short time. Failing that price is likely to drift towards main support. Interesting setup for a ***high risk***, highly speculative Long trade aiming for a pullback to resistance (TP #1). * Plan A is Long above the (steep) short term support or FIB 0.382 mark ....
2013 - 2019, one single coloured line for each 'Black friday' occurrence: peaking on blue, down on green, up on red and purple. So what's next ? ... Who said Red ??? :) Ok guys don't take this too seriously, it's just i'm so bored of people having no clue and talking 'bout halving, halving, halving ... Anyway, graphically that's it.
Good setup for a strong push-up, hopefully bulls won't trash this chance as it would be appalling ... SL under support and 8500$ area, as that's a pretty risky trade.
Price going sideways between 2 supports and 2 resistances. Pay a lot of attention to MA100 and MA200. Slight bearish divergences + stretched oscilators make me think a test of supports in the 9000$ (MA200) and/or 8500-8600$ area is possible. Yet as long as 8500$ holds bulls may still look for a pennant / flag here, or a MMU.
We have some noticeable bullish divergences, a rebound and pullback to previous support seems quite likely. TD=9 on weekly TF: High R/R speculative swing trade possible from here ( but use a SL ). In case of rebound keep an eye on ETH as well: