For the first time coming out of a multi-year high, so, for the first time since April 2021, Bitcoin moved and closed weekly below EMA10. 👉 Bitcoin is now officially trading within bearish territory. This signal can be interpreted as the start of a short-term bearish wave. If the wave will be long or short in duration we cannot tell at this point; assuming our...
Here we have a symmetrical triangle for Binance Coin vs Tether (BNBUSDT). This pattern for us has a bearish bias due to the fact that related pairs in the same situation are now bearish, take Ethereum as an example. The bearish action we see on the Ethereum chart can easily be duplicated on the Binance Coin chart. ➖ Market conditions can always change though...
The Nvidia stock looks scary, to say the least. Coinbase also looks pretty bad... Everything can change though on Monday and we get an amazing surprise and everything turns to full green. We see Tesla, Nvidia and Coinbase move from full-red, as bearish as it can get on the weekly and daily time frames, to mega-mage-green... Can you imagine? I mention these three...
➖ Last week Bitcoin produced what appears to be a bullish candlestick pattern, which is good. This week, a negation happens and prices move to trade and close below EMA10. ➖ The rejection (bearish close) right after the recovery (bullish close) results in a "failed signal," these failed signals are stronger than a common signal. ➖ Bearish volume rose to hit its...
➖ GameStop (GME) hit a low 15-April 2024 and has been green since. ➖ Bitcoin (BTCUSDT) can be seen turning green today. ➖ Today is the release of the CPI numbers. ➖ GameStop (GME) grew by 550%+ in a little under four weeks, which is amazing growth. We can see a huge gap that is likely to fill next and medium-size, yet above the weekly average for the past 3...
What is a "danger zone" and how do we determine if Bitcoin is in a situation to either crash or move higher? The "danger zone" we've been hearing about is a time based fractal of past history. The 2023 bullish wave and 2024 new All-Time High shatters all time related predictions based on past history. Since we have completely different timing this time around...
This is what can happen to XRP (XRPUSDT) in the coming months. We are using a "6 months projection" time window but the general believe is that XRP can move before many of the major Altcoins; it is likely to be one of the first to move... One of the first to move big! Why bullish? ➖ The last bullish wave happened 308 days ago (more than 10 months). There is...
A trend following system uses a moving average as the main tool to generate trading signals for a system trader; the moving average is like the holy grail of technical analysis, together with the RSI. The moving average that is active on this Solana chart is ema100; blue line on the chart. Notice how Solana (SOLUSD) becomes bullish September 2023 as soon as it...
Let me show you this very simple signal, it shows where Bitcoin is headed next. ➖ We are looking at the 1H time frame; notice the volume. Each time there is a volume breakout, it ends up being a bearish move. This indicates that the bias is bearish and thus lower prices. ➖ The downtrend confirms the volume signal. Where are the bulls? The chart can always...
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...
Gold is having its moment right now and we can spot a peak happening today; this very same day, the 12-April 2024 session —let us see how it goes. I hope you get to have a wonderful weekend, this is just a quick reminder and I'll let you go. First, the main signal: This is based on candlestick reading. Today's session is ultra-bearish and leaves no room for...
Another waiting period, another consolidation phase is reaching its end... We have an open trade for this pair/Altcoin/project and this will be shared in the 'Related Ideas' at the bottom of this post. Compound (COMPUSDT) is great because it produced a major bullish wave recently and many people participated in it. When things like this happens we are always...
Compound is still in a consolidation phase after a strong correction but as soon as its price moves above $40 we consider it strong. This can turn into a long drawn out correction or a short one but the bigger picture is up. This is the picture for the next six months... Notice how even if a drop happens the bias is still bullish with higher highs potential...
➖ The current move on the Tesla stock (TSLA) is not supported by market fundamentals and can thus be considered weak. ➖ A weak counter-trend move can be used as an opportunity to sell (SHORT) by smart individuals/traders. ➖ The Tesla stock (TSLA) is set to drop long-term based on the individual stock long-term price dynamics. It is likely the best is already in...
Tesla (TSLA) has been printing lower highs since July 2023, which means that the downtrend is an old one. A lower high is confirmed 28-Dec. by the fact that the last four sessions are full red and pushed the stock below EMA10, EMA21 and EMA50, with EMA100 still working as support today. The RSI is now bearish (below 50) and trading volume still low. The low...
Right now saying COIN or BTC is the same, if you want to know where the market is headed. Where Bitcoin goes, Coinbase follows. Bitcoin is headed lower. We are going to be looking at Coinbase (COIN) on the weekly timeframe. First, we have the classic rounded top pattern, kind of like an inverted cup; we know this pattern to be a top signal. ➖ The week...
Are you a Bitcoin futures trader? If you are, I am sure you will agree with what you are about to read: 👉 Bitcoin is set to crash next week. Looking at this chart, we have: ➖ First, a top pattern in the form of a cap. ➖ Then, both the ATH and proceeding lower high sessions closed red; both below EMA10. ➖ We have two weeks of trading below EMA10; bearish bias...
Bitcoin produced a major bullish wave starting October 2023. On the chart, this event matches a move above MA200 (black line). Notice how Bitcoin is ultra-bullish (October 2023) as it moves above MA200. Safely trading above this level, we continued to see sustained growth. In the month of January 2024, Bitcoin produced a small retrace and MA200 was tested and...