Pepe Special: $CRSPWOAH.
NASDAQ:CRSP looking like a juicy setup.
Type 3 return. On a gartley. On the weekly chart??
There's only two options. Either this thing dies and goes to goblin town or it pumps to the pearly pearlies.
Currently at basement level prices and the risk to reward ratio is looking v nice. Green boi energy picking up too, check the volume over the past three weeks.
TP 1-3 and SL shown above.
Pumpalert
WHY IS LINK PUMPING TODAY?Why is Chainlink BINANCE:LINKUSDT pumping today?
Last month, I forecasted this coin on reach to a year-long resistance and to watch out for a potential breakout or pump in the upcoming weeks.
Now, BINANCE:LINKUSDT pumped because of a year-long breakout , that's 16 months to be exact.
What should we do next?
Scalping either long or short would be best in my opinion but be sure to have a setup for that strategy. For intraday traders, be patient for finding some possible bullish patterns (mini resistance breakouts, head and shoulders, cup and handle) as the coin is still in an uptrend. Take note, we can see retracements for the coin price, as the price would wait to be stable from the yearly breakout.
From a technical standpoint, I would rely on identifying a common resistance for a potential take profit area.
I find the $11,446 resistance line convincing since it presents strong support and could be a new resistance line for the coin (click the chart above for better quality) . Another would be at near $12 range, based on the fib retracement of .382 from its all-time high.
This would take possibly a week or more in order to reach that price that I've mentioned.
If you entered the breakout, congratulations! Now, you need to do set a protective stop profit in tranches.
Plot your support line because that will be a guide in taking partial stop profits. In this case, I would plot a diagonal support line. If a breakdown happens with confirmation of candles and your indicators, you could take a bit of your profit OR for those who did not enter, execute a scalp short play and plot your Fibonaccis.
I'll add more forecast to this idea but will update you in the comments section.
Thanks to those who are supporting my past ideas, means a lot. Feel free to comment your questions or suggestions and please follow my profile on this platform for more of this and possibly add more trading content.
PLAN your trades, happy trading!
Pepe Special: FEMFFOTC:FEMFF is currently in a falling wedge and looking to be great. Too many people FOMO'd into that first spike through the supply line and the CO was not having it...
But really it needed to fill this gap before the big pamp.
Gap filled.... show time.
So what kind of target can we expect?
A run up to the 0.618 fib extension would be a pretty common retracement for a successful falling wedge breakout.
A near 130% increase from its current price.
For a different look, here are some historical levels (this chart is kinda fonky, so I zoomed out to the 3M chart to get some decent S/R based on candle closes)
That long wick at the top of wedge shows we have an imbalance... and what do we know about imbalances?
....they often get revisited.
Does it have to. NO. But it wouldn't be weird.
Here's one more look with the fib extension overlaid
The historical levels make sense and line up pretty nicely.
A break of the 0.41 level would likely lead to run up to the 0.79 level and could very well give us that 0.786 fib extension.
Pump it.
Buterin & ETH Foundation sell ETH ! but why?Is ETH price about to Fall ?
Ethereum Foundation's large scale selling in recent years record and recently the Ethereum Foundation sold 15,000 ETH . In 2021, EF did sell 20,000 ETH at a high point
Vitalik .eth wallet was the first to move 200 Ethereum (worth about 400k) to the US based Kraken exchange. following Buterin's transaction, the Ethereum Foundation did the same but on a much bigger scale, they shifted 15,000 ETH to Kraken as well. together with Buterin's crypto, that makes 40 million USD in fiat
It seems that Buterin just sells Ethereum from time to time in more or less the same amounts , in the middle of February, he sold 210 ETH for roughly 325k in the USDC
that chunk of ETH was also sold on Kraken too. Back then, Ethereum was trading at 1,545 dollar. On March 13, he moved another 200 ETH to Kraken, selling it at the price of 1,656 per coin
On Friday that ETH had reached an eight month high in flows to crypto exchanges, the analytics team believes that this may be a sign of an upcoming volatility increase similar to what it was like after the collapse of FTX in early November and the Merge in mid September. In a tweet that followed, Santiment added that while "sky-high active deposits" of ETH to exchanges are the highest since November last year, ETH is now showing signs of decoupling from BTC and may be about to break above the $2,000 level.
A record amount of ETH was burned at the end of this week, that was down to the meme coin season unwrapping at the moment, as you knoq the majority of meme coins like PEPE or Floki run on Ethereum and so are being actively moved with high ETH fees, providing a great opportunity to burn ETH and decrease the circulating supply.
The Ethereum Foundation holds around 0.298% of the total ETH supply which in today’s market cap, that would put the value of the foundation’s ETH holdings at nearly 700 million dollar
In total, the foundation said that ETH accounts for 80.5% of its crypto and non crypto holdings, many have quickly pointed out that previous large-scale ETH selloffs by the foundation have preempted market downturns.
In November 2021, the foundation sold a cache of 20,000 ETH worth around $9.6 billion,this was swiftly followed by a major price correction as the market accommodated the increased circulation.
it also coincided with the beginning of the 2021 ETH bear market.n fact, such selloffs by the foundation have long been connected to peaks in the ETH price cycle. and for followers of the market, both the foundation and Buterin are closely watched for the timing of their sales, which have often been on the money.
Consider that in 2019, Buterin said in an interview that he had convinced the foundation to sell 70,000 ETH “basically at the top” of its price range at the time.
He added that the decision had paid off and had allowed the foundation to double its funding runway. Certainly, the organization has been busy recently and has developers to pay. For example, in the first quarter of 2023, it allocated $4,370,418 across its various research, development, and community programs.the foundation is also an active investor in the wider crypto ecosystem. In this role, it needs to be prepared to make high-value purchases.
Last year, the foundation took part in a $10.5 million Series A funding round for the workplace encryption startup Skiff. Skiff enables secure account creation and document sharing using an Ethereum wallet through the Ethereum Support Program, the foundation also offers grants to projects helping to build the Ethereum ecosystem.
what do you think about Eth foundation strategy?
🔴 Be ready for 25k BTCThe price of Bitcoin is $27,460 today with a 24hour trading volume of 8.6 billion dollar. This represents a -3% price decline in the last 24 hours and a -6% price decline in the past 7 days
In terms of technical analysis, it is not looking good for Bitcoin in the short term. The MACD line is below the neutral zone, indicating that there are more sellers than buyers in the market.
We have a Head & Shoulders pattern completed on daily and we are testing the neckline of the one, looking for a correction to 25k in case we break below the neckline and confirm the pattern
we have two important support levels, the orange line which shows the daily uptrend and blue one at 27k, bulls lost point of control at 28k and today candle is under EMA 50
Bitcoin has been underperforming since the United States inflation figures came out earlier this week. The inflation figure in the United States remains high, indicating that the Federal Reserve could continue with its interest rate hikes however, if the Federal Reserve pauses its rate hikes, assets like Bitcoin could be one of the biggest winners
XRP Monthly time frame look. November PumpShort and sweet.
November 2023 that looks like when XRP will pump based off prior cycles.
I would not be shocked to see XRP heading down to 33 cents range before we enter November which then price begins it's recovery and upward trajectory in Nov.
If someone asked me personally when I think XRP would pump I'd tell them Nov 27th 2023 but it can happen anytime now being so close to a cycle end also another date I looked at based off prior moves is Oct 16th for a pump but I think how price is delivering we may have a red October & November we begin our upward movement finally!
Have your bags packed & Thanks for stopping by!
The vertical blue lines from left to right the dates did not show up so I'm providing them here.
First blue line starting far left is: 11/01/13
3/01/17
7/01/20
and far right is 11/1/23
-Neverwishing
Got more Doge?POLONIEX:DOGEUSD Dogecoin is showing this repeating pattern. I like to call it a Pump and Pump :-)
Maybe it will ultimately become a Pump and Dump . So I am not going all in.
However, a small holding of Doge has the potential of creating a large return.
This is an asymmetric risk-to-reward play.
I write off all the money I put in. So it is a small loss on my portfolio immediately, but if the trade plays out it will generate a significant gain on my overall portfolio.
One fundamental consideration:
Doge was meant as a meme coin. Its intended use is 'tipping'. Dogecoins are not defisable. So if Doge goes up by a lot, the tipping and maybe even payment functionality will become less useful or practical.
All and all, this is a very speculative trade. Please be aware of that and act accordingly.
Check: DODO/USDT | Change of plans | Change of plans. With so much centralized exchange crash and various problems, the bull is being delayed, but looking at this triangular figure that is forming, we have a possible laterality ranging from 0.26 to +$0.3. But don't expect anything higher in the next few days, maybe $0.48 ... 0.6 will come in the next few months. Look ahead and see a sea to swim in and a decentralized exchange will gain a lot of marketcap.
$LINK CHAINLINK CURRENTLY $6 & UP TO 52Chainlink Is finally a buying opportunity at these strong support levels, be prepared to make an insane long term investment or short term. The next buy run we could witness another new all time high. SHORT TERM expect a strong price action recovery. The banks love this project.
If fear continues to dump, it might be lights out for the bears!Traders,
Everything is playing out exactly as anticipated. U.S. Dollar topped. S&P500 looks to be double-bottoming. Bitcoin has broken to the top side of a year-long bullish descending wedge. And fear continues to dump. If all these charts continue to work in correlation together, it might be indicating "lights out" for those bears. Watch these things closely or follow me as I keep you all up to date on the progress on all.
Best,
Stew
DXY looks so bearishThe DXY chart looks in lower timeframe very bearish. That might cause a short squeeze.
Yesterday at powells speech he said bad things about crypto: he said that he wants to regulate the cryptomarket, but not ban it. In general that are bad news for crypto fans.
In crypto there were a hype rally of retail traders, that might think: wow regulations but no ban how cool is that. In my opinion all the retail trader will be dead by the end of tomorrow.
I think crypto whales will liquidate their positions and dxy will go up, because there is no other competitor at the moment.
That is what makes me bullish on dxy, thank you for shorting dxy.
Here's the predominant pattern to draw on your alt charts!Traders,
I am taking my time in this video. We'll do some analysis firstly, as always. And then I'll show you the predominant pattern I am looking to spot on the altcoin charts. I'll show you how to spot it and draw it so that you can do this yourself on your charts and catch those breakouts.
-Stew
P.S.-Since this was my first stream I made it private, thinking I could change the settings and title after I save the video, but this wasn't an option. Here's the video:
www.tradingview.com
⛓️ 🔗 Useful Links 🔗 ⛓️
The List of Possible Next Trades I am Watching:
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Trade AlertTraders,
Stepping into the waters here as BTC.D chart shows us nearing resistance, meaning that ALTS could play catch up here a bit.
Entry = 3.01
SL = 2.57
PTs = 50 day, 4.50, and 5.17
for a 4.62 R/R
Best of luck all,
Stew
P.S. - TradingView subs you missed my last video here due to TV tech difficulties.
This Week's Hotness - Should Longs even be considered?Traders,
I hesitated with putting out a list this week. We are exactly in the most uncertain territory we can be. I could have almost put out a shortlist instead of a long and I will should we confirm our bearish market. But for now, there are some interesting coins that still remain for the most risk-averse among us. Here's what I've found.
HNT/BTC finally pump? We at Subverto Trading Club have developed a successful trading strategy, giving us an entry on HNT/BTC daily timeframe.
Are you going to take tag along for the ride, learn, grow, and profit with us?
Let's see where this one goes!