I still maintain my medium term view (a week) that BTC will continue to rise in price, Renko bars are holding strong and my indicators are indicating a bullish pump soon. Stay HODLING
Short-term analysis, DOGE likely to drop to 0.15-0.16$ range in the next few hours. Pulse Profiler, Wave Pendulum Trend and Cosine Kernel Regression is signalling a bearish trend. However, the drop won’t be so large as we are almost reaching an oversold range.
For those HODLing, this is nothing to be worried about, for those interested in scalping or taking profits; seize this opportunity! I’ve taken my profits at 3% before the drop, what about you?
Looking at the Renko Bars, we are in a neutral zone for now. However, the Wave Pendulum Trend and Cosine Kernel Regression has just turned bullish, we could be seeing big price increases in the next days, but it will not be so sudden.
Price is still trading in the neutral zone, but lookout for a coin about to pump, will post updates for buy signals.
Looking at the Renko bars, we can expect VANRY to move down by 2% in the future. Pulse Profiler is negative, and the wave pendulum trend is negative as well, with the Cosine Kernel Regression signalling a bearish trend. With the Weighted Average Volume Depth Indicator, VANRY has also been overbought 5 times over the past 2 weeks, it is likely that it will be bearish and move to 0.21-0.22$ zone in the next day.
VANRY will only move up in the next few days IF BTC PUMPS to 73k which is a possibility.
In the short term (few hours), looking at the 30minute Heikin Ashi candles, the wave pendulum trend, pulse profiler and cosine kernel regression has also turned bullish. 3 bearish hammer downwards also signify strong selling pressure.
Furthermore, looking at the delta of VANRY over the past 30 mins, there is negative delta divergence which suggests that even though there is buying pressure, price still decreases, suggesting a possible downturn in the next few hours.
Update on Bitcoin as well. Price has increased to 71.5k just like I predicted 7 hours ago, the Pulse Profiler, Wave Pendulum Trend and Cosine Kernel Regression are still positive, we are in for a new ATH very soon!
#tru Posted 7 hours ago that TRU was overbought ar 0.20066, now price has fallen to 0.19288. Did you manage to book your profits quick?
Looking at the Heikin Ashi Chart, TRU has now entered the oversold zone as seen in the Wave Pendulum Trend (2nd diagram) as it is now below the 1.5SD mark. TRU might move down for a while, but expect a pump soon!
With Bitcoin increasing in price as I predicted in my previous post and open interest increasing, this drop is only temporary, be prepared to long! #dyor
Pulse Profiler has gone neutral and Wave Pendulum Trend indicates it’s in an overbought zone on the 30M heikin Ashi chart. For those who are in profits, now would be a good time to TP. For those looking at TRU in the long term, keep holding, these small price corrections shouldn’t affect you. Stay strong.
I’ve left my TRU position at 2.5% profits, what about yours?
Long term analysis of BTC using Renko Charts. As seen below, Pulse Profiler, Wave Pendulum Trend and Cosine Kernel Regression just turned positive. The last 3 occasions in which PP turned positive Bitcoin pumped at least 3-4k$.
In the next 1-2 weeks, we could see BTC move to new ATHs of 73k with this sustained momentum. #DYOR
DOGE on 1% Renko Bars showing massive bullish sentiment. Pulse Profiler / Wave Pendulum Trend and Cosine Kernel Regression is positive, Open Interest has increased from 1.65B to 1.73B as well, who’s long with me?
2 bullish hammer bars appeared on the 30M Renko chart, suggesting strong buying pressure.
Indicators point to a positive uptrend as PP is positive, and WPT has been OS and is now positive with CKR as well
On the other hand, looking for confluence from BTC, it’s 30m renko bars also have PP WPT and CKR positive with an increase Open Interest from 81k to 84k as well as a positive delta divergence, suggesting high buying pressure to follow. #btc70k #StartInvestingInCrypto #ETHETFsApproved