BallsOfSteel32

BallsOfSteel32 Updated 

Long Legged Doji signifies the market reaching an equilibrium with a possible reversal to follow. We've also received our allotted 5 months of green candles, which generally is the max for an impulse on the monthly. Simple idea here, will update the other timeframes. Not financial advice Do your own DD

BallsOfSteel32 Updated 

This looks to be bearish structure. Wanted to check against the community to ask for other opinions. Trend lines are valid. Little more pump before the DXY drops off into the Low 80s? Rsi indicated another pump to the top of the wedge, but I could see it falling through after that. Comment! Not financial Advice. I am a hobbyist.

BallsOfSteel32 Updated 

Giant Falling wedge on the daily chart. It will probably go to the .618 which finds confluence in the bottom of the wedge. Expect a breakout after.

BallsOfSteel32

The price has started its descent off a Gravestone Doji. Selling pressure expected to last into the spring. This is either a good place to look for short entries, or a good chart to watch to buy into GBTC at a discount. RSI suggests GBTC has just began its descent. The ideal place the PA looks to land after the dust settles is around the .618 fib retracement...

BallsOfSteel32 Updated 

I sense a big cup and handle forming so I'd like to point it out early. The depth of the cup would put the price action at the 2.618 extension. This would also align with and be a third touch in a rising non horizontal resistance. I see a lot of similarities with the 2017 top and the breakdown that followed. SMA 50 crossed the SMA 100 at almost an identical...

BallsOfSteel32 Updated 

This is my first educational post. This is not long or short. This is just fib circles. This tool is great for non-linear support and resistance. you can also draw horizontal lines at the top of each circle to make your traditional fib extensions and retracements. these can be used on any timeframe just like your standard linear fib ext/ret The biggest rule...

BallsOfSteel32

Disney is one of the few legacy media companies that still has more room to fall. From an Elliot wave perspective, This looks like an ABC correction forming after completion of a 5th wave. Structure wise, this would also form a macro head and shoulders. The measured move from the head to the neckline would place the bottom of the corrective wave (c) around the...

BallsOfSteel32 Updated 

Ltc is riding a macro support while coming to the end of this correction/ bear phase. RSI is at a historic value that has resulted in reversal highlighted by the white vertical lines. Both downtrends have nearly identical timeframes. This could be a place to take a small position in LTC. This also seems like a make or break position for Litecoin in the...

BallsOfSteel32

If your bags are heavy with btc right now, hodl. Dont fear the next dip. Its a test. Hodl gang. Chart is pretty self explanatory. We are at around the same rsi level and resistance as the previous cycle. This is a modified idea of an idea I posted a while back that will be linked below. Not Financial Advice Im a Noob Hodl Gang, Hodl Gang, Hodl Gang

BallsOfSteel32

This shape is generally a bearish pattern, with the likelihood of a breakdown to the next major support area. The rising wedge pattern is one of the numerous tools in technical analysis, often signaling a potential move in the asset or broader market. Recognizing this pattern involves identifying a narrowing range of prices enclosed by two upward-sloping...

BallsOfSteel32 Updated 

Weekly Timeframe: This looks like a classic "w" formation or double bottom pattern. For those looking for a good entry into another long set up, I would wait for a retest of the old resistance now turned support around the 30,500 level. This area coincides with the .5 to .618 fib level. RSI is at a key level that often signifies a reversal just above 70. Not...

BallsOfSteel32 Updated 

The trend is down, and is definitely going to continue. target for the short is 15.70 with a 30% return NFA

BallsOfSteel32

bare minimum 3.618 pump from cycle to cycle. Linked my other views on the coin. Check it out! NFA do your own DD

BallsOfSteel32

Just sharing something simple. Consolidation usually happens at the .786 run to run.

BallsOfSteel32 Updated 

Looks like btc is ready to make a big move. RSI is at a common turning point in the lot to mid 30s. BTC.D falling onto major rising support. If this trend holds, BTC could make a big move and take a larger share of the crypto market. NFA Do your own DD. Keep an eye on this crucial level.

BallsOfSteel32 Updated 

Litecoin appears to be forming a falling wedge against bitcoin. Rsi trend has bottomed along with the price action within this wedge. RSI is showing bullish divergence over the last several weeks. Volume has been flat or declining in this wedge, often a reversal signal. This could be as much as a 30% move up to the next resistance area. This is the product...

BallsOfSteel32 Updated 

imagine bch tested this trend line flip and continued north? rsi topped in the NINETIES

BallsOfSteel32 Updated 

LTC seems to be catching up to a major trend line forming off the previous cycle top. I anticipated this being a major area of resistance for the original alternative coin. Descending resistance is lining up with horizontal resistance and the price action is bouncing between these two key levels. RSI is in the mid 70s, which is a common turning point in...