We looked at this timeframe once in the past and this is a very important one. Tether Dominance closed last month on a strongly bearish candle, this month it is moving again below EMA10... USDT.D has been below EMA10 monthly only a few sessions in its entire existence... This is a major development and ultra-bullish for the Cryptocurrency market; Bitcoin &...
The pump that happened early April is not the end of it, this is actually just the beginning. Market events such as this one, Mr. Musk changing Twitters logo to a Shiba Inu, is just a symptom for what is coming to the market. As the market is set to grow, more and more events will show up out of nowhere, out of the blue in support of Cryptocurrency... Things you...
A new high today after exactly three weeks of consolidation... Bulls confirmed? ✔️ Bitcoin continues higher and higher... ✔️ The Altcoins continue with their long-term higher highs and higher lows. ✔️ The ALTSBTC recovered months of correction in just a few days... Cryptocurrency continues to grow. This is only the beginning... So much more growth is yet to...
Traders, Unfortunately, I am too uncertain about how altcoins will respond when Bitcoin pulls back to tolerate this level of risk on the table. So, I have chosen to take profits on two coins coming up into resistance here: ALGO and DOGE. I will re-evaluate a decent re-entry area once I know this resistance is or will be defeated. Stew
Traders, Both BTC and BTC dominance are into extreme resistance areas. We're going to talk about what this means for both bitcoin and the rest of the altcoin space. Stew
Both Ethereum (ETHUSDT) and Bitcoin (BTCUSD) hit a new high recently... Cardano will not stay behind, mark my words. Cardano (ADAUSDT) and the rest of the Cryptocurrency market is set to follow... It is set for astonishing growth. The next target we are aiming above $0.5555 but this is only the end of the third wave, remember that the complete pattern is 5...
Traders, I’ve chosen to take profit here on XRP for several reasons: 1) We dropped below two levels of support which are now acting as resistance. 2) I was a bit overweight in alts for my current risk tolerance level. 3) I am still under the impression that BTC will pullback once tagging 30k. Although, alts could hold their own, they typically exaggerate any...
Is the next hard-fork for Ethereum a bullish or bearish event? No idea idea but so far the chart continues 100% bullish, let's have a closer look at the signals. First, we are looking at Ethereum on the weekly timeframe making each one of these signals that I am about to mention 7 times stronger compared to the daily timeframe. 1) Ethereum is trading above...
Price has been consolidating near the support level for a few days. The support level of $19.65 also represents Fib 0.618 level. If price breaks above the consolidation zone with Volume greater than Volume-21MA, we might see price moving to HKEX:27 which is also Fib 1.0 level. If the price breaks above HKEX:27 , we can see it moving to $38.65 (Fib 1.618). If...
Here we have a potential wave count for the developing bullish impulse based on Elliot Wave theory on the Syscoin (SYSUSDT) chart. Two things are quite clear for us: 1) The drop from Dec. 2021 to June 2023 as a major move down. 2) The consolidation phase as a the extension of the correction. After a correction, a new move develops. Another things that is...
We have two main set of Altcoins: 1) Altcoins vs Tether (ALTSUSDT) 2) Altcoins vs Bitcoin (ALTSBTC) These two sets can be further divided based on size/market capitalization. ✔️ ALTSUSDT 1) Within the ALTSUSDT we have the TOP20 Altcoins which move together with Bitcoin and some have their own cycle. 2) We have the medium sized Altcoins that move together...
Following in the footsteps of OMGBTC, SYSBTC now starts to recover. This is really good news because it signals that the Altcoins vs Bitcoin (ALTSBTC) pairs are ready to move ahead. Notice that this one produced a higher low vs January. Some will produce higher lows while others will produce lower lows, this makes no difference. The important part is to be...
Today Venus (XVSBTC) produced a massive 75% bullish breakout but there is another interesting signal. Today's buy volume is the highest since January 2021, more than two years ago. The way things are going, the day might end up being the highest daily volume since December 2020... This tells us everything we need to know. The low is in, a long-term higher low...
This is the Altcoin project for which I shared a trade signal for you just two days ago on the Bitcoin side, MDXBTC. We will now look at the Tether side, MDXUSDT, because it looks good. The only reason I share these is because the charts are looking good/strong, with upside potential. We focus 100% and exclusively on the charts only, we are technical analysts....
I tried to share the pairs that are available in a wide variety of exchanges and avoid those that are only in one or two exchanges for some obvious reason but I will deviate now from this rule. Here is Contentos (COSBTC), for the "Good Old Days". If you've been with me for a while, you know how good it went with this one in the past. It seems like this pair is...
We are looking at an interesting level being activated for StormX (STMXBTC), it caught my attention recently and I belief this is one of those old ones that changed name. We used to trade it long ago as well. STMXBTC grew by 2,800% in 2021 with Bitcoin going above $40,000 or $50,000. So it doesn't matter how far up Bitcoin goes or the price, the potential is...
Rubic(RBC) managed to break the lower line of the symmetrical triangle, but since this break occurred near the heavy support zone, it is not expected that a significant decline awaits Rubic(RBC). I think Rubic(RBC) can grow again after reaching the middle line of the descending channel. Rubic Analyze ( RBCUSDT ), Daily time frame ⏰. Do not forget to put Stop...
It is the same pattern, the difference is that Alchemy Pay (ACHUSDT) is stronger than most and thus reveals what is coming to the rest of the market. Let's do this one more time because once we change themes it won't be repeated, but repetition is good for learning. - We have the low set late December 2022. - The strong bullish wave followed, early 2023. - This...