lysergik

lysergik

If amp breaks the trend resistance and finds support on it (or just blows through it with tons of volume) we can expect the next major target to be about 12 cents at the top of the triangle and then 20 cents possibly at the top if the market gets wildly bullish at some point. Else we breakdown and we can scalp a nice short

lysergik Updated 

As seen after the May markdown, we had a little dead cat bounce to 40.7k, then some consolidation with high volatility creating a descending resistance, leading into a fakeout to the upside and crash back down to the trend range floor. If we hold this current bounce from 40k, we could be seeing the continuation of the final section of the fractal before the real...

lysergik Updated 

The classic adam & eve pattern may be playing out nicely for BTC , ETH, BNB and other crypto markets. cdn.howtotradeblog.com If we retrace to more than the golden pocket on this impulse however, this would invalidate this pattern. If we break above the top of the dead cat bounce, this would confirm continuation of the bullish impulse.

lysergik Updated 

With all the bearish momentum that is steadily increasing on the 6-hour as we eat up limit orders at support, we should see at least a wick down before a move back up or more likely a markdown in price before consolidation

lysergik

Breaking trend support and momentum quickly breaking down on many high and low time-frames, we are likely to at least hit the fib extension if not another 10% correction like the last recession

lysergik Updated 

I've built an indicator that finds candles with extreme greed / bull strength and fear/bear strength. As seen in the image below, this 2-week candle for ETH has opened with that dot. Once the wavetrend `(fast-wave minus slow-wave)` crosses bullish again (the indicator on the chart above) on the daily time-frame, I suspect ETH will see ATH again in very short order.

lysergik

If ETH breaks ATH, using extended fib levels created using the entire recent ETH correction from ATH, we can reasonably assume the next top will be between $5,800 and $7,700. The timing could be very fast, as early as Q4 2021, or long and as late as Q3 2022. Which will depend how price interacts with the ATH. a double top would make it very likely to retrace down...

lysergik

Looking at the money flow index divergences on the daily chart, and considering the strength of the last crypto impulse relatively speaking, I see that BNB/USD is primed and ready for a massive move; likely to the upside. If the crypto market enters a larger consolidation phase at a higher low, then breaks begins to form bullish price action on the smaller...

lysergik

Hey guys, if ETH and BTC make a higher high again, that will confirm our first higher low, and will signal the confirmed beginning of the accumulation rally and / or consolidation before reaching ATH once again! Bears be damned!

lysergik Updated 

The intense amount of volume at the last pivot point, along with this incredibly strong bull trend, we should see a higher low form. IF we do, then we will confirm the end of the bear market and will enter accumulation or a quick return to ATH.

lysergik Updated 

There's a good chance rejection at trend point of control (PoC) is confirmed and we get some kind of retrace from this prevailing bullish impulse that we've had. If so, we are likely to come back down to at least the first point of support at which point there are a couple possibilities: a) make a higher low and begin proper large-scale accumulation b) make a...

lysergik

The DI/LRSI is printing a power shift signal (orange background on indicator). This occurs when either the ADX trend strength crosses over 25 or when it's already over 25 and the bulls/bears switch who's in control of the trend suddenly. The latter signal is being printed on this week's candle. With the weakening descending top and flat support, we can see the...

lysergik Updated 

In order for ETH/USD to maintain the support of the bull trend it has been in on the weekly time-frame all these months, there will have to be an enormous amount of bullish sentiment. The bearish price action on shorter time-frames throughout the entire crypto space at the moment suggests that there will soon be a capitulation phase that will certainly bring...

lysergik Updated 

Clear massive bull flag breakout has occurred on the 6-hourly chart (and others). The flag goes back to about 4 months ago now. Very strong sign for THETA/ BTC pair for the next few months. Closing a 6-hour candle strongly above 27,700 sats with high demand will certainly launch a large upthrust. Green squiggle would be a super healthy bullish return to test...

lysergik

In order to confirm my previous analysis, we need to see some kind of a bear-trap reversal. It probably would be very choppy and uncertain but I see a strong enough v-bottom in all of crypto that I think this could hold up. Long entry target would be around the rectangle box I drew, but only on the way back up and out of that range as a minor confirmation of...

lysergik

We are forming a symmetrical triangle that would be a sign of a continuation to test the ATH, if it breaks to the triangle's resistance with not insignificant volume. It need not return to test the breakout as support, though it could do so anyway. Naturally, coming up to ATH will only result in a break into new ATHs if Bitcoin continues to extend its bull market....

lysergik

Bitcoin has formed a huge bull-market support level that is keeping the price up for now. If we do break this support and have another leg down or a wykoff accumulation spring, it will take longer to break ATH of 65k, but we will get there either way.

lysergik Updated 

update for: Bitcoin is continued to maintain support on the 15-month moving average who's importance was can be seen in this chart as well as in the original post. We've also closed a 5-day candle with another nice wick of support on the critical top-line of the gaussian channel indicator: I will be distributing probably somewhere between 80k and 200k...