DENCHMON

DENCHMON

What I’m Watching: I’m focusing on the 245–250 neckline for a decisive reaction. If buyers defend this level, it could signal a continuation of the bullish trend from the inverted pattern’s breakout. If sellers break below, the bullish bias could change, leading to a potential correction. A strong bounce from the neckline would align with the prior uptrend, while...

DENCHMON

BTC/USD – Technical Outlook Bias: Bearish BTC/USD has completed the ABCD pattern and is now printing lower highs and lower lows, confirming a shift in market structure to bearish. Price is currently retesting a previous support, now turned resistance. If this level holds, it could open the door for continued downside; with the 68K–50K zone as a potential BTD...

DENCHMON

BTC/USD has completed the ABC phases of the ABCD pattern and is now testing support above 95K. Holding this level could trigger a move back above 100K to complete the D phase. A break below C (95-94K region) could invalidate the pattern, shifting bias to bearish.

DENCHMON Updated 

Bias: Bullish This idea is based round the idea of a long ranging period, which then leads to a large push higher. bias change If bias was to change, then a push below 92-90k would be expected. Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.

DENCHMON Updated 

BIAS: BULLISH After the reversal, there was a push touching ATH and now looking for support on the previous... To change bearish bias: A push below 360-300p/s would be expected... Strong support around 260. Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.

DENCHMON Updated 

BIAS: BULLISH The FTSE(UK100) still ranging between 8400 and 8000... Break range and expect a big move (9K or retest 7800). That rejection of 8100 makes me bullish bias X 2 If bias was to change A solid push and resistance found around 8100-8000 would be expected. Unless specifically timed with a low chance of alteration by external forces, anticipating...

DENCHMON Updated 

BIAS: BULLISH Current range is 30-28.5/O, a break above 30/O and there's TWO highs to break and find support at before climbing higher. If BEARISH: a break below 28.5 would probably keep momentum to 26/O. (Strong support area)

DENCHMON Updated 

After touching new levels, not seen in years. History shows theirs a high probability we're due to see something big. Silver sits at around 33/o after climbing and tickling 35/o... A retest of 32/o and climb to new highs is a high probability.

DENCHMON Updated 

The FTSE(UK100) still ranging between 8400 and 8100... Break range and expect a big move (9K or retest 7800). That huge rejection of 8100 makes me bullish bias #UK100GBP

DENCHMON Updated 

Everybody familiar with head. shoulders, knees and toes? Tesla still at a discount... My thought on Tesla is that we get 290 before we come back down to test 250-260/s... NASDAQ:TSLA #TSLA

DENCHMON

Bias as of drawing this idea is Bearish... 62K appears to be holding resistance as price falls to test for support. A failure could mean a new test of 50k again, a failure to find a support could mean we see a test of 40k and then 30k. Finding support above 60k would change bias... 70k would also have to be broken and tested for support for any continuation up.

DENCHMON Updated 

The wise choice would be to be Bullish due to previous price action... although being at previous resistance means we could fall... Currently above 60K, a test of support expected (consolidation). We either drop or continue with the pump (Bullish).

DENCHMON Updated 

Purple Box: Bearish (21.6 - 22.1p/o) Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o) Bullish Scenario Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver... Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable... ...

DENCHMON Updated 

Everybody familiar with head. shoulders, knees and toes???... Didn't close below 200 did we? Either way we still bullish on tesla. Bias stays the same.

DENCHMON Updated 

Take a seat... This here is the months chart, each candle equates to a month of price action. Last month as you can see finished very positive and so this month was likely to also follow trend. The weekly time frame shows that as of the last two weeks traders/investors of #BTC have been taking profit, but the buying pressure is still there as we can see...

DENCHMON

As I see it, as long as we stay above 7600-7700 a pump to 8k is a lot more likely as there's evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (7400 or lower).

DENCHMON Updated 

My last charts triangle pattern was technically violated. So here's a new one, which lines up perfectly and make that little bit more sense of what is happening. As I see it, as long as we stay above 7200-7400 a pump to 8k is a lot more likely as theirs evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (6700 or lower).

DENCHMON Updated 

A breakout of structure, the likeliness of going higher is a lot more than the likeliness of going down.