Edwinox92

Edwinox92

Just checked in a monthly chart some indicators such MACD, CRSI and squeeze momentum which makes confluence with a pullback for the current pattern, so let's wait for a buy price (I set up alerts in 52.3 - 55.8).

Edwinox92

As we know ICP and most of the tokens are now under a wedge which now show that is under pullback phase, so lets wiat for confirmation and get a good entry

Edwinox92

Seem sthat bearish trend in BTC is nnot finished and we will have some bulltraps in next days in order to confuse people and can full the supply, so this is a low timeframe analisys for 1h wich indicates possible moves and levels which BTC can get, also get notice about that when BTC will cross support with a strong no reversive candle so then BTC is going to...

Edwinox92

After checking supp;ly and demand data for a couple of days, getting all data about orderblock and got all support and resitances in a multiple timeframes (which i delete because there were a lot of them). Also i cheked multiple cicles and currect tendency in high timeframes which all of them indicated only 1 thing... Bearish trend will not over soon.

Edwinox92

Some analysis

Edwinox92

Please domt follow this idea is just to confirm some ideas

Edwinox92

Bollinger bands shows that volatility is getting down and CRSI is not showing oversold, then we have bullish confirmation

Edwinox92

checking all indicators shows that now we can say "hello cup with handle pattern"

Edwinox92

Now ICP finally broke the bearish tendency and latest consolidation, now is ready for this new tendency

Edwinox92

After checking weekly and monthly supports and checking latest behavior that we had latest weeks seems that now bearish is coming. After checked in multiple timeframes MACD is showing some bearish divergences in high ones such 2h and 4h. Also checked consolidations and that only confirm bearish coming tendency as show in graph.

Edwinox92

Intentando un nuevo uso para los arcos de Fibonacci veamos si sigue cumplienco a corto plazo ya que no es el uso normal de esta tecnica. Recomiendo no seguir esta idea debido a que es meramente experimental.