The S&P500 first lost the daily 50ema and now the H&S pattern on the daily chart is breaking down.
https://www.tradingview.com/x/oqIQbLKR
https://www.tradingview.com/x/oqIQbLKR
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OANDA:SPX500USD Chart Image by CryptoIncomeCoach
Looks like a cup&handle pattern at DESCI. Should at least double after a bullish retest of the neckline.
https://www.tradingview.com/x/zWuiiXhz
https://www.tradingview.com/x/zWuiiXhz
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GATEIO:DESCIUSDT Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
BTC hit the daily 50ema which was one of my main downside targets https://www.tradingview.com/x/AYs3Yjmr
Yesterday BTC completed the pullback of the bearish breakout (hit the golden pocket).
The real bearish move (follow up to the bearish breakout) to sub 90k$ or even sub 80k$ is still in the cards.
https://www.tradingview.com/x/HO2SqKD8
The real bearish move (follow up to the bearish breakout) to sub 90k$ or even sub 80k$ is still in the cards.
https://www.tradingview.com/x/HO2SqKD8
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BINANCE:BTCUSDT Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
BTC reached almost 107k$ and then formed a bearish reversal pattern on the 4h, 8h, 12h chart (so far). High chance for a correction now! https://www.tradingview.com/x/2ryfGkqY
Imagine not taking profit when the reversal already appeared obvious.
Can’t wait to buy the dip.
Sitting on the sidelines is the most boring part of trading.
https://www.tradingview.com/x/iZPHaWA9
Can’t wait to buy the dip.
Sitting on the sidelines is the most boring part of trading.
https://www.tradingview.com/x/iZPHaWA9
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BITMEX:BTCUSD.P Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
Imagine not taking profit when the reversal already appeared obvious. Can’t wait to buy the dip. Sitting on the sidelines is the most boring part of trading. https://www.tradingview.com/x/iZPHaWA9
Btw. there’s a tool that notifies you via telegram about reversal patterns (and more) for free since 2022:
@bamRocksBreakoutDetectorBot
@bamRocksBreakoutDetectorBot
bämRock Crypto Trading
The S&P500 first lost the daily 50ema and now the H&S pattern on the daily chart is breaking down. https://www.tradingview.com/x/oqIQbLKR
The head and shoulders pattern at the S&P just had a clearer breakdown after almost getting invalidated.
https://www.tradingview.com/x/4imCzI8S
https://www.tradingview.com/x/4imCzI8S
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OANDA:SPX500USD Chart Image by CryptoIncomeCoach
Should at least reach 5.7k$ and maybe kisses the daily 200ema (yellow).
https://www.tradingview.com/x/oLYN13mb
https://www.tradingview.com/x/oLYN13mb
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OANDA:SPX500USD Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
SHIB looks interesting here. The daily 200ema seems to hold. https://www.tradingview.com/x/pHd87NN5/
But especially for a quick scalp it could be interesting after the dragonfly doji and morning doji star on the 15m chart.
https://www.tradingview.com/x/cIFeWZVM/
https://www.tradingview.com/x/cIFeWZVM/
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BINANCE:SHIBUSDT Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
But especially for a quick scalp it could be interesting after the dragonfly doji and morning doji star on the 15m chart. https://www.tradingview.com/x/cIFeWZVM/
Let's see if it plays out with an entry here almost at the golden pocket and also targeting another golden pocket level. Invalidation when the price moves under the dragonfly doji.
https://www.tradingview.com/x/HkSTCy2d/
https://www.tradingview.com/x/HkSTCy2d/
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BINANCE:SHIBUSDT Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
Let's see if it plays out with an entry here almost at the golden pocket and also targeting another golden pocket level. Invalidation when the price moves under the dragonfly doji. https://www.tradingview.com/x/HkSTCy2d/
Everything is dumping again and so does SHIB.
The dragonfly doji got invalidated.
https://www.tradingview.com/x/7FAis9QI/
The dragonfly doji got invalidated.
https://www.tradingview.com/x/7FAis9QI/
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BINANCE:SHIBUSDT Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
The H&S pattern at BTC could break down today as well. https://www.tradingview.com/x/R5DiFaP4
With this doji on yesterday’s daily chart the breakdown of the head and shoulders pattern has been averted.
Could even be a bullish reversal there.
https://www.tradingview.com/x/wUKbKC73
Could even be a bullish reversal there.
https://www.tradingview.com/x/wUKbKC73
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BITMEX:BTCUSD.P Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
The S&P500 is now half way to the breakout target. https://www.tradingview.com/x/7VEs4Yt9
Considering that BTC moves with the stock market, it might continue lower after a little breather.
The S&P500 is currently doing a pullback after the H&S breakdown.
Expecting more downside afterwards.
https://www.tradingview.com/x/pWFc1Ics
The S&P500 is currently doing a pullback after the H&S breakdown.
Expecting more downside afterwards.
https://www.tradingview.com/x/pWFc1Ics
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OANDA:SPX500USD Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
With this doji on yesterday’s daily chart the breakdown of the head and shoulders pattern has been averted. Could even be a bullish reversal there. https://www.tradingview.com/x/wUKbKC73
So far BTC saw a nice bullish move after the reversal and went even higher than 100k$ again.
A new higher high would invalidate the H&S pattern and confirm the bullish trend.
https://www.tradingview.com/x/bOCosWko
A new higher high would invalidate the H&S pattern and confirm the bullish trend.
https://www.tradingview.com/x/bOCosWko
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BITMEX:BTCUSD.P Chart Image by CryptoIncomeCoach
bämRock Crypto Trading
And the weekly chart is the other reason why XRP is currently my biggest position (not a long time hold). https://www.tradingview.com/x/uiIhB178
Now the similarities between the XRP behavior in the current and last cycle are becoming obvious, although this time there isn’t even a lot of volume.
Might be just the beginning.
Did you buy at the long term support level in summer?
https://www.tradingview.com/x/soKs3v0K
Might be just the beginning.
Did you buy at the long term support level in summer?
https://www.tradingview.com/x/soKs3v0K
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BINANCE:XRPBTC Chart Image by CryptoIncomeCoach