alt coins have been bullishly consolidating for the past month, this is looking very promising as a lot of indicators got reset and btc is breaking to the upside as well. will be interesting to see if btc conintues to pump even after halving, (normally likes to dump on or after halving) with buy the rumor sell the news. all in all crypto is looking very bullish...
a lot of alts are alt marketcap is looking pretty bullish. so as long as btc can avoid dumping i think we can see a lot of alts continue back up. glimmer is in an interesting spot, trying to redeem the resistance again but also in a rising wedge so bullish scenario glmr will get to $1 over these next few weeks. unless btc dumps obviously. which going into april...
no need to panic, a couple months of chop and boring to complete these 2 patterns and we'll be back on the moon mission. as i said in earlier posts i think it would be healthy to consolidate in the 60's for quite awhile to reset some over heated indicators and flush out people. currently there is about 5 billion dollars that can be liquidated in shorts around...
bitcoin is showing some signs of bullish pattern setups on the monthly. inverse head and shoulders and also a cup and handle. with a technical target of 300k. it would be also very healthy for btc to chop around in the 60's and flush some panic sellers out for a few weeks or months then continue up.
as we continue to consolidate i think over the next couple months this is likely to break down towards the 99 level has fed starts to cut rates, and all risk on assets pump more, unless some bad inflation numbers come out.
btc is currently making a massive cup and handle pattern, i do expect this to play out over the next couple months, if this really is a double top for the bears then 4k is a target which is very very unlikely. the target for this move would be over 200k over this year. anyway see you guys at 100k
polkadot is forming a inverse h/s, as polkadot has been a bit lagging behind i do expect this to break out these next few weeks and retest, i drew a line to what i kind of expect. technical target lines up with the .38 fib level as well, with any pattern we see declining volume as we near the end up the pattern. want to see higher volume then normal when we break...
with new coins coming onto the market always a high risk high reward, panoverse is doing good things and with a market cap of only 3 million as of writing this there is a lot of upside left if you didn't get in earlier. we are making a bull pennant on the 8 hr tf. technical target out of this will be about 70 cent area. price discovery is always fun with low...
the dot eco system has many new projects that haven't seen a bull market yet. glmr and dot both showing inverse h/s on the weekly tf. if glmr can get past this resistance we should see a technical target of $1.50-$2.
altcoins really trying to make a break out here, been holding support and needs to make a decision this month. break support or falling wedge
im really digging this support line, though i think trias would be a fantastic buy $2 - $2.50 area. still not pulling the trigger to buy more yet. couple more weeks or less it should start to move up or down.
i think crypto as a whole still has atleast one more good dump yet, ltc is currently on main trend line and happens to be head and shoulders as well. if ltc can't hold the ~$50 horizontal support good entries will be $30-$40 range maybe even lower. i do expect to go lower short term but not guaranteed. be really good dca on ltc in this range though.
i think trias will be a good buy/dca at mid $2 range. looking for a double bottom/reversal pattern though around the low $2 range. price has to first break some of the daily 200 moving averages. as of right now we are testing the h/s neckline with a target and golden pocket around $2.
as btc dominance comes into some resistance we could see a little alt season, alt coin market cap is showing the same pattern on the weekly as btc did. big falling wedge with a inverse head and shoulders. we definitely need to hold the 200 week moving average (red line) as long as we can hold 200 wma we are in decent shape for now. the neckline will act as some...
polkadot and some of the projects i think have the biggest potential next run that being said, polkadot broke out of the falling wedge ( weekly) beginning of this year, some strong resistance around the $7 mark with diagonal resistance (Dotted line) and horizontal resistance (stronger red) meeting around $7 mark. $4 is main support, buying below $7 is a great...
could be a good spot to sell some trias, as we see a ascending wedge with declining volume. personally going to hopefully start accumulating again $4 and lower.
dydx is forming a bull pennant, t/a definitely is a hit and miss right now cause it'll all come down to cpi and fed in march. if cpi is terrible and data comes in hot this probably will not play out. but if data looks decent and shows deflation then this is very possible as btc could see 28k area.