Here we are looking at ETHUSD on the Daily TF… As marked by the yellow arrows, ETH appears to be forming a local bull flag following its most recent move up. Thus far, ETHUSD has been able to flip the EMA Ribbon to support. This idea will continue to be in play as long as it can remain above the ribbon. ETH has now been going sideways in this tight range for 2...
Crypto has recovered above it's 4 year moving average- historically a very important MA for market bottoms. It should build from this level with upside to 1.2T in the near future. If it can break through that level, it could go to 2-2.5T sometime in the first half of this year. I think an ATH is unlikely given the nature of the previous cycles, but would be...
This is an ecosystem of software, but markets are a fierce competitive battle ground between native assets. Zcash has structured a rounded bottom vs Ethereum and now awaits an unequivocal reversal move. it may happen with virality, or it may happen responsibly. The bad situation for ZEC bulls is that Zcash remains an eternal loser. Catalysts ahead: ...
BTC Dominance is currently sitting on the strong support and seems to be ready for a strong bounce. RSI currently oversold on daily timeframe. It would make a lot of sense as we still expect alts to drop 50 % which most likely will happen if BTC dominance bounce from this key support. From another hand, if BTC.D breaks down, we may see an alt season and some...
Patience is key... More than 30 days of a steep decline, a strong correction, has been recovered in a single day. This is Stratis on its Bitcoin pair (STRAXBTC). Notice the super high volume and the massive growth today of 45%. What one does, the rest follows... It is the turn for the Altcoins vs Bitcoin pairs. Bitcoin will enter its correction, that's ok...
The same pattern we just reviewed on the 1INCHBTC chart is present here as well. OXTBTC prints a lower low but produces no volume. This lower low is an attempt by the market to look for liquidity before moving up strong. As OXTBTC moves to recover, BTCUSD moves to retrace. The next confirmation comes from Stratis (STRAXBTC) whom already went ahead. What one...
1INCHBTC Starts to recover after a long-term lower low. This is a double signal. - The first part of the signal works for 1NCHBTC, it is going up after the lower low, no volume on this new 10 months low. - The second part is Bitcoin, this confirms that Bitcoin will enter a correction/retrace, this is something that we have been expecting and should be no...
Traders, Please make note of the resistance areas up ahead for both Bitcoin (top chart) and Bitcoin dominance (bottom chart). Both have come into MAJOR resistance area and are showing me that Bitcoin should pullback within a week. I don't see us skirting above $30k without a pullback prior. Personally, from a technical standpoint, I am hoping to retest our Cup...
Hey everyone, heres my diamond idea for alt coins. On the 3 day TF. Its hit support at the bottom of the diamond , coming up to next level of resistance, i see the 200 sma sneaking above on the next level up. This tells me the probability is we see an alt coin pump
elastic price movements in a bullish cycle give asymetric risk vs reward potential to short dated calls. COIN could trampoline back up to $75 next week.
Traders, Algo has broken the triangle definitively. But I hesitate to enter for several reasons: 1. That 50 day coming down hard 2. Still not above .227 cents level 3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma. 4. Still expect BTC to draw back more. 5. Headed OOO for the next week and a half and I don't want...
Traders, Ripple ripping! Sooner than expected but the price actually wicked up and tagged my 58.5 cents precisely! It always amazes me every time when these technicals play out. I just wish I could be better with the timing. Anywho, now that the price has met the earlier target that I had call for, what can we expect from ripple? TBH, I am not quite sure....
XRP/USDT Technical Analysis Update: XRP has shown a remarkable 60% growth in just two weeks and is currently trading at $0.57, approaching a high resistance level of $0.60. In my opinion, XRP is likely to face rejection at this level and undergo a retest after the breakout. I anticipate that XRP will test the $0.43-$0.50 level before moving above the $0.60...
Title: ETH/USDT Technical Analysis: Key Breakout Levels to Watch Out For Key points: - ETH/USDT is currently trading at $1804, marking a 5% increase in the last 24 hours. - Traders are advised to wait for breakout confirmation before entering any trade. - Two possible scenarios to keep in mind: - If the resistance level of $1830 is breached, the price could...
$DYDX DYDX/USDT Technical Analysis:- = The technical analysis indicates that $DYDX is looking good at its current level, with a strong neck line resistance already broken and a retest of the support level. = The strong resistance level has now become a strong support level, indicating bullish momentum. As per the chart, we are expecting $DYDX to hit our...
I see a potential rest of the daily SMA 200. I dont think that we will break 30k so easy to a retrace from here is most logical. Down to the 25200-25500 area. From there we could easily continue up again towards the next target around 32k. If 25000 doesnt hold next target is around 20k most likely.
BONE Shibaswap Technical Analysis: A Promising Altcoin for the Upcoming Bull Market BONE Shibaswap is a promising altcoin that is currently trading at $1 and showing strong support in a Parallel Channel on the charts. In this technical analysis, we'll explore the potential of BONE as a long-term investment in the cryptocurrency market. - BONE Shibaswap - A Gem...
Traders, Audius looks to be breaking out to the upside here. As reviewed in my previous altcoin video, we were in a bullish descending wedge. I wanted to see both a break above the topside of our descending wedge as well as a break above that level of resistance at .276 cents. Those two criteria have been met. So finally, I'd like to see a confirmation on the...