Thursday June 3rd NQ1! Analysis 1D Analysis --------------------------------------------------------------------------------------------------------------------------------- Part 1: Part 2: 1W Analysis --------------------------------------------------------------------------------------------------------------------------------- 1M Analysis...
Just trade the market dont be a bag holder. 1.618 and 2 for conservative and safer targets (what i'll be doing). All of this depends on BTC....
BTC decision tree. It's honestly better for BTC to trade sideways and initiates a prolonged accumulation phase. If BTC were to test 46k-51k quickly... I'd be very wary of a bull trap.
Looking for retest of Tenkan and Kijun. Although there is a lot of work to be done. In order to flip bullish again on the daily price would have to rip through the 200MA, cloud, tenkan, and kijun. There is a good chance that the retest of the region 44-51k would likely result in price moving down to retest 30k region. Be careful out there. Might be a relief...
looking for retest of cloud as support and continuation.
Due for a massive correction....???? 1W timeframe.
SQQQ is the inverse of TQQQ and follows NASDAQ 100 which are 3x leveraged ETFs. This chart is on the Weekly timeframe... it basically shows the overextended market. I will be watching this for mean reversion toward the kijun.
Looking for a daily close in the cloud and the retest of support we just snapped. Once we confirm a rejection on the 4 hr ill be opening a short. remember ichimoku is a permission based indicator Bearish TK cross Price in cloud Confluence: MACD Distribution top 200 MA
If we dont breakout out soon expect a dump I dont think the bull run over but its good to have an idea of the potential downside A pattern like this would lead to a much needed touch of the 200MA and will hopefully launch us to jupiter MAC down bout to cross bearish Ichimoku 1D crossed bearish Distribution top sort of look
Ichimoku cloud edge to edge trade Bearish TK cross Price in cloud Stop loss at the purple line or above cloud!
If this then that situation. A bullish TK cross above the cloud (purple and blue lines) will basically signal a long. Back test the last run. BTC dependent in short to midterm especially!!
Looking for MULTIPLE 4 HR closes around the 16.7 area and the retest of support. Or even a daily CLOSE above that level. RUNE is rank #44 on coinmarket cap and arguably has a lot of room to grow. Inverse head and shoulder btw.. Be careful about BTC since the market is dictated by it right now. Ill update if I feel like taking a long position or if people ask for...
Congrats to those who took the trade (': Major resistance at 49 so try to take some profits at the targets placed. 4HR bullish TK cross MACD reset, looking for a recross Once 12 HR Bullish cross occurs im probably adding a significant amount of money. Since this is a reputable company a conservative stop loss, the same one I used is fine. If you're early in this...
We're not out of the woods yet but SHORT term looks good.
Been buying at key support and selling at the small bounces. Im looking for continuation of bearish momentum and correction to 40-44k. Overall bullish on BTC but we're very overextended.. Hopefully it just reverses on me
Bullish divergence on 1D timeframe Ill post my ichimoku analysis l8er after watching it a while longer