This article was written with the purpose of getting the better market timing.
RSI and MACD showing bullish divergence. Though, these indicators suck when the market is in the established trend.
Price action went parabolic downward. This is a good sign that the end of sell-off is approaching. Will it end now, on Fibs ext. or old support zone, I don't know. But we are approaching the climax. One step closer to hitting the bottom.
My hope is that parabolic downward advance can be stopped by 50 day sma. Momentum crowd usually use 20, 50 and 200 sma.
Though dollars chart deserved to be better. 10, 20, 50 and 100 day sma worked well here. I do not believe in Elliot Wave but if it is right stategy, fifth wave will send us to fucking 500 bucks. My hope is 10 dma and 20 dma bullish cross will work. Hope it will.
We definitely can see that on various exchanges, whales started to accumulate their coins. This is also good sighn. Here we have to be extremely cautiuos.
Comment
⋅
We can clearly see that support trendline ichimoku still hold. This can help us to see if the trend will hold today, or not.
Comment
⋅
Broke through inverted head and shoulders is a good sign but InH&S was formed with declining neckline. These patterns do not work well on my memory.
Comment
⋅
Break below Ichimoku cloud will tell us a strong signal to go short.
Comment
⋅
Descending triangle can lead to sell off climax
Comment
⋅
Almost there...
Comment
⋅
Comment
⋅
A large deviation from support moving average will during the parabolic move will end dramatically. So, here what i would do:
1. Buy alts when I see a largest negative candle, two even better. 2. Safer is load when support moving average will be smashed.
Comment
⋅
About buying fucking alt dips we should wait a little bit.
Comment
⋅
Comment
⋅
For safer entry, I want to see the price smashing neckline of this dollar chart
Comment
⋅
If support do not hold - short all the way down
Comment
⋅
shit, probably another flag forming. Need to break rsi trend to break. If it will fail, target - 0.07 sat