This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
Recently we've been talking about the weekly chart. This is the time interval in which each candle/session is worth 7 days (1 week). Bitcoin is always bullish above EMA10 and thus we track this indicator. As long as Bitcoin trades above EMA10 weekly, we consider the trend to be bullish. When Bitcoin moves below, the bearish bias is confirmed. The week is now...
I would like to call your attention to Bitcoin's monthly chart, as well as Ethereum's ... Bitcoin is worse off right now. Ethereum is doing worse but this means that the correction is more advanced on this pair; below you can find Ethereum's monthly chart and analysis: ➖ While Ethereum is 33% down, Bitcoin is only 17% down. ➖ While for Bitcoin April closed...
There are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish. Here we are going to be looking at the signals for the NVDA stock on both sides. Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the...
There is something about these charts... Something about the candles, the bars, the dots, the points and figures... There is something about these symbols that speaks to me; do you read charts? Isn't there a feeling involved in the chart reading process? When you turn on your screen, phone/computer, and start to damage your eyes with the artificial light, don't...
Good Wednesday my fellow Cryptocurrency traders, I hope you are having a wonderful week. We are going to be looking at Ethereum now so please, take a minute of your time to enjoy this chart. Consider hitting boost before reading and leaving a comment once done with your opinion about this analysis and some of the thoughts, images and visions that came up while...
This is the situation right now on the daily timeframe; Bitcoin produced a lower low 1-May, this normally leads to a bounce. A bounce after a new lower low can push prices easily toward 70K, as a lower high but this isn't happening, this didn't happen. The bounce pushed prices to 65.5K and that's it, weak and a lower high confirmed; so far. Closing today below...
An "accumulation phase" is the part of the cycle when and where the whales and experienced traders take the time to load up in expectation of a massive market move. The time to accumulate is also called a "consolidation phase," when prices establish support before a market turns. The market already turned once, from bullish to bearish. Bitcoin moved to hit...
Ethereum's correction is already pretty advanced, you can tell because the drop has been going for almost two months and is already 31.5%+ strong; how much lower can it go? While this is a super-strong drop, it isn't over. The chart conditions are the same as with Bitcoin (BTCUSDT). Ethereum (ETHUSDT) produced a rejection right at EMA50 as the week starts and is...
99.99% of all people that are extremely bullish on Bitcoin and became extremely bullish on Bitcoin early 2024, became this super, ultra, mega, uber-bullish because of the Bitcoin Spot ETFs. When mentioning the fact that Bitcoin is about to enter a major correction, they would say it is not possible because there is no reason for such a correction to happen. There...
Good morning and good week my fellow Cryptocurrency trader, I am hoping you are having a wonderful time. The month is about to reach its end. Bitcoin is about to close red for the first time in eight months, since August 2023. This is a major development and a very clear, very strong, unavoidable and revealing signal. This signal can clear all doubts; This...
Ok. There are tens of thousands of Altcoins trading pairs and this is the reason why it is obvious to consider each pair individually. There is no point in making generalisations because there are just too many of us. Some people can have a 1-3% stop-loss while others can have a 20-30% stop-loss. A correction can affect very different an investor, a long-term...
We are going to be looking at this chart through candlestick reading for learning and entertainment purposes. —TOTAL2 Weekly Chart (Notice the numbers on the candles) 1) This is the peak. The candle closes red. The candle closes as a Doji. Volume starts to decline soon afterward. These are bearish signals. 2) This is the initial market reaction to a new peak...
While many of us can be in a hurry, or better yet, excited about potential market conditions, the market does not get excited and does not care; the market is in no hurry. The market; our market, the Cryptocurrency market, moves in cycles and within these cycles we have waves. The market grew really strong in 2023, our recovery year and this growth continued...
Good Saturday my fellow Cryptocurrency trader, I would like to show you some classic signals today; let's go back to basics. Let's study Bitcoin's weekly MACD, it has something to say. As I looked at the daily timeframe, I saw the MACD being oversold and starting to turn, a bounce definitely taking place. When I check the weekly timeframe this is what I...
Good day my dear friend, how are you doing? See, Cardano has been red for three weeks. Two weeks actually but this week starts red and is likely to end red. Seeing three consecutive red weeks can mean a correction is about to develop, we can deduct this based on multiple signals. This is ok. This projected/potential correction is only a short-term event. It can...
This green line here represents the exponential moving average of 10 periods. Notice how Bitcoin (BTCUSDT) just moved below it this very same week. 👉 When Bitcoin moves below EMA10, on any timeframe, the bias switches from bullish to bearish. Based on how we interpret the charts —technical analysis— only now, this week, Bitcoin turned bearish, and this needs...
We are in the same situation as always... It seems pretty hard to adapt to change, but reality is always changing, we are always changing; life is always in constant change ... Bitcoin is the same. Now, the question is 100% clear. ➖ Is the correction over? ➖ Will Bitcoin move now to $100K? The truth is that it is hard to say or predict, anything goes; the market...