Big rebound on Axie Infinity since yesterday but it is nothing we haven't seen before. The price did break above the 1D MA50 but remains within the 1 year Falling Wedge. The one line that hasn't been broken or even tested since January 5th is the 1D MA200 . A break above it, being near the top of the Wedge, and AXSUSD is off to its new bull market. Follow us,...
The chart is pretty self-explanatory. The Crypto Total Market Cap (top chart), which is the market cap excluding Bitcoin has had strong expansion periods when the DXY (bottom chart) was on a downtrend. The pattern behaviour before and after those periods seem to be consistent between them. Now the DXY had a major rejection on a Higher Highs Resistance that goes...
Let's keep things simple. The 1W RSI rebounded on the Channel's bottom in June, a Channel that has flawlessly caught all cycle bottoms since 2011 and as a matter of fact the Highs as well. The first two cycles peaked a little below the 1.5 Fibonacci extension from the previous High (bottom to top of Bull Cycle). The last one peaked on the 1.236 Fibonacci. If the...
The Litecoin has been testing the 1W MA50 (blue) line in the past two weeks for the first time since November 2021, indicating the bearish pressure that the market has been through these past 12 months. This goes against the heavy selling pressure on Bitcoin and other high capitalization coins. We've mentioned countless times that LTCUSD tends to do the initial...
The ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019). The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can...
we an see bitcoin has aggressively broke the $18,750 weekly support line, i believe bitcoin may comeback to retest that area and continue the bearish trend to $11,972 area
This is a breakthrough on Bitcoin charting as we've discovered the constant that is needed on each Cycle in order to calculate the gains of the next. As you see Cycle 1 had 32700% gains. Cycle 2 gains were Cycle 1 gains (32700%) divided by the 5.3 constant = 61700%. Cycle 3 gains were Cycle 2 gains (61700%) / 5.3 = 11640%. Cycle 4 gains were Cycle 3 gains...
This is the BTCUSD/NDX ratio of Bitcoin against the Nasdaq on the weekly time frame. With Bitcoin suffering 2 weeks ago from the FTX crash, Nasdaq heavily outperformed the digital currency but last week a first attempt to balance the ratio was attempted and the price closed above the rising trend-line (Higher Lows) starting from the December 2018 bottom of the...
Last week's flash crash due to the FTX event could be the last major price fall during this Bear Market. The Cycle's Falling Wedge has been printing the same RSI pattern as the Falling Wedge of the 2014/2015 Cycle. If that's anything to follow, then Bitcoin might have just completed step 6 with the FTX crash and might have just entered a long term accumulation...
1W chart representing the ADABTC pair on the current and previous Cycle. There is a clear Resistance and Support Zone and based on where the Stoch RSI is following the 1W MA50 (blue) rejection, we are expecting a strong drop if the weekly closes below the 1W MA200 (orange). If it is unrealistic to expect ADA to lose so much ground and revisit the Support Zone,...
I know many of you are very interested in Gold/Silver, but you need to understand the dynamics of price, expectation, and the unwinding of risk. The current move higher puts Gold/Silver into new Fibonacci Bullish Trending. This is what we've all been waiting for. But, the move upward from these levels is going to be staggered/legged by bullish and bearish price...
Could it be the great Crypto experiment of the past 8+ years is nothing more than a Vapor-Ware experiment to exploit the greed from their wealth? Remember the 1700s South Seas Trading Company? Remember the story of "great riches" to be had by exploiting the spice trade in the South Seas? Thousands of people piled into these shares after incredible stories of...
Hey traders, in today's trading session we are monitoring BTCUSDT for a selling opportunity around 18400 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
The latest FTX - Binance news are hitting the crypto market very hard since yesterday and the price was aggressively rejected on the 3D MA50. This will not be the most popular analysis among crypto investors but this has started to look a lot like the final stage of the 2018 Bear Cycle where after failure to break above the 3D MA50, the price broke below the June...
In the chart, the maximum volumes go through the highs. We can see the honeycomb, the upside. Everything tells us about a possible renewal of the low. And then we will see the realization of the plans of MM. The sharp impulse up or "liquidate" all those who want to buy. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S....
I've taught this system to hundreds of people over the past few years. It is a simple HIGHER HIGH/LOWER LOW system based on RSI 60/40. It is great for making decisions about longer-term trending and you can apply short-term technical analysis tools to 4 hour or other intervals to catch shorter-term trends. BITCOIN is BULLISH using this system. In fact, I would...
One of Core Scientific's biggest miners is facing bankruptcy - the company has no way to meet its financial obligations. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved...
Good example of a bump-and-run reversal. Prices move up along the trend line in the lead-in phase, jump up during the bump phase,in this example with a second bump maybe, then crash down through the trend line during the downhill run. could be new rallye starting for crypto