Richard Temple
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TA | Market Thoughts

Owner: @Richardily

Twitter: https://twitter.com/Temple_Crypto
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โ˜„๏ธ #ATOM will soon exit the descending resistance of the bullish pennant. Buying!

https://twitter.com/Temple_Crypto/status/1367007306010021889
๐Ÿž #RLC is breaking through the descending resistance! Buying!

https://twitter.com/Temple_Crypto/status/1367013160394366977
๐Ÿ— #TRB is breaking through the horizontal resistance! Buying!

https://twitter.com/Temple_Crypto/status/1367032832518946816
๐Ÿ“™ #IOST has broken through the ascending triangle + retested it from above! Buying before we break through the descending resistance!

https://twitter.com/Temple_Crypto/status/1367388426669064193
Placing the stop-loss on all open positions in the break even area!!!
Altcoins that have closed in the break even area:
๐Ÿšš #ZIL
โ˜„๏ธ #ATOM
๐Ÿ“™ #IOST
๐Ÿ“ #NEO
๐Ÿ— #TRB
๐Ÿ‘€ #BNB
๐ŸŽฑ #DOT
Altcoins that have NOT closed in the break even area:
๐Ÿž #RLC
๐Ÿฎ #CRV
๐ŸŽซ #SNX
๐ŸŽด #RSR
๐Ÿ #BTC Today we are going to talk about Bitcoin! I have noticed that many of you are interested in the question of where to sell Bitcoin, considering that the price will continue growing and will update the high. The only possibility to find resistance level during price discovery is to place the Fibonacci net. In this case we are observing a rather logical picture with resistance in the area of $68k - $72k โ€” area where most people expect the price to go to.

The Fibonacci net, by the way, is placed on the entire trend until 2018, meaning from $2.82 to $19891.99

https://twitter.com/Temple_Crypto/status/1368109101998301186?s=19
Richard Temple
๐Ÿ #BTC Interestingly enough, looking at the weekly chart, in April we should be in the are of $160k - $170k. https://twitter.com/Temple_Crypto/status/1368142436766277633?s=19
๐Ÿ #BTC Based on the 3d chart, we are located in the correction of the 3-4 wave 1-5 that started from $18k with the trend finishing at $71k. If we see a drop to 38k, then it is still profitable to buy! Target is 71k from the wave analysis!

https://twitter.com/Temple_Crypto/status/1368156885900230656?s=19
Richard Temple
๐Ÿ #BTC Based on the 3d chart, we are located in the correction of the 3-4 wave 1-5 that started from $18k with the trend finishing at $71k. If we see a drop to 38k, then it is still profitable to buy! Target is 71k from the wave analysis! https://twitterโ€ฆ
๐Ÿ #BTC On small time frames we can see two clear patterns - Head and Shoulders, inverse Head and Shoulders.

Question time! Where is the local priority?

The answer is rather simple and logical!

If the price absorbs the level of 47k, then the priority becomes descending and the price is headed for the double bottom!

If the price goes into the flat or absorbs 50k, then the priority is ascending, since the Head and Shoulders pattern breaks and the inverse pattern remains. Inverse Head and Shoulders target - 58k.

Conclusion based on the local observation: for now it is profitable to hold long positions with stop-losses under 47k and averaging orders at about 48k. Targets are 52k and 58k.

https://twitter.com/Temple_Crypto/status/1368199039515308039?s=19
Richard Temple
๐Ÿ #BTC On small time frames we can see two clear patterns - Head and Shoulders, inverse Head and Shoulders. Question time! Where is the local priority? The answer is rather simple and logical! If the price absorbs the level of 47k, then the priority becomesโ€ฆ
๐Ÿ #BTC Conclusion from the general perspective"

Bitcoin is undoubtedly in the bullish market. Everything points to the price going to 60k - 70k. If the price goes down, then it is a reason to increase the position right up to 38k.

On altcoins it is profitable to open positions that might increase the amount of Bitcoin. You can trade with leverage paired to the dollar, in that case the amount of dollars will increase more, than if they were just being held in Bitcoin.

https://twitter.com/Temple_Crypto/status/1368215497305698305?s=19