Many alt coins are reaching the end of what appears to be an accumulation cycle. We have an obvious long running down trend followed buy an equal distance of sideways accumulation. Next step is typically an equal length time cycle to the upside. Price can only trend in 3 directions. It can trend down, trend sideways in a range, or it can trend...
This chart is an update to the previous attached chart below from earlier this year. Looking at the weekly we see price action, wave trend, and money flow all curling to the upside. Current Trading plan is to hold for more upside until price brakes structure to the down side looking for any of the price targets above.
As alt coins gear up for the next market cycle Doge coin has seen alot of hype over the potential use case with twitter. The chart is the ultimate culmination of all buying, selling and the cycling there of. Twitter or no twitter Doge along with many other alts are leveling off and exposing their momentum. Applying current cycle price action to average...
Hi traders would like to share my forecast for BTC Hope you have profitable trade
XRP has been stuck trading in the same price range for the last 5 years. The real question is has it established its fair market value range or has it been just supressed by its pending law suit with the SEC. Personally I tend to lean more twords the later and expect real price discovery to occur after a decision has been reached on their status as a security. ...
XEN crypto is different project that proclaims an adherence to the first principles of block ledger. While it sounds nice the "Free" distribution modle has absolutely hammered the price. With that said the minted supply has likely decreased as ETH gas prices have risen, reducing the amount of discounted supply. This is a daily chart that is focusing on the...
Xen has been along time personal favorite and after months of selling pressure from early minters price appears to be on the rise. This is a Daily chart and is up approximately 150% in 3 weeks. Currently price is pulling back into past resistance and if there is a bullish reaction the rally may continue. Current Trading Plan: Hold long and accumulate the...
This video is an example to what I taught my student in the academny in last night class.
Being this is a silly crypto meme coin it is hard to say if prices will hold but with that said on the short term still tradable. Risk profile on meme coins is an obvious 100%. This is a daily chart showing a likely complete measured move with a 9 day down trend. Lower time frames are looking positive bringing this in play for a potential retrace and if the...
In the realm of finance, gold remains a steadfast asset, drawing attention from investors seeking stability and security. As a seasoned financial analyst, I offer fresh insights into the current state of the gold market. Gold's recent performance has been marked by fluctuations influenced by various factors, including economic data, geopolitical tensions, and...
In the dynamic world of finance, Bitcoin (BTC) continues to captivate investors, serving as a focal point for discussions and speculation. As a seasoned financial analyst, I offer fresh perspectives on the current state of the BTC market. Bitcoin's recent movements have been characterized by volatility, driven by a myriad of factors including institutional...
After hitting the bearish target as per the previous analysis, BTC retraced slightly to form a large triangle pattern. We hope that this triangle support can withstand the selling pressure, and if successful, the next bullish target is the triangle resistance level at 70920.34. However, if this pattern is broken down, I will provide a new analysis.
As seen in previous analyses, we have reached and broken the target ($67,000). We are now operating in a pivotal zone that could either continue selling and break the rectangle from the bottom towards $63,000, or break it from the top and rise back to $67,000, which has now become a resistance zone after previously serving as support. As indicated by technical...
Divergence of this type is often seen in an uptrend. After the price makes the second high, if the indicator makes a low high (unlike the price, which makes a high), then you can predict that the price may reverse and drop again.
In the realm of modern finance, Bitcoin stands as a formidable force, captivating minds and markets alike. As a seasoned financial authority, I embark on a journey to demystify this digital asset and illuminate its significance in today's economic landscape. At its core, Bitcoin represents a technological marvel, intertwining cryptography and decentralized...
Title: "Gold Retreats to $2,269 Amid Political Risks and Fed Policy Expectations" Gold dipped to $2,269 in early Friday's Asian trading session after reaching a new record high above $2,303 in the previous session. Political risks unfolding in the Middle East and expectations of monetary policy easing from the Fed could potentially lift the price of the precious...
In today's financial analysis, we delve into the dynamics of the EUR, examining its recent performance and potential future trends. As a seasoned financial analyst, I bring you insights into the factors influencing the EUR's movements in the market. The EUR has been navigating through a complex landscape, impacted by various economic indicators and geopolitical...
With the H4 frame, if the gold price returns to above the H4 tankan line at the price mark of 2276usd/oz, it may open an opportunity for gold to increase in price again and the 2 lines AB and AC act as 2 trend resistance lines. Short-term direction for gold prices. To sum up, I still support the decline in prices that could be very strong on Friday +-1 day and if...