Took some time off posting too centre my chi, I suppose you could say.. Feeling worse than ever! Back to work.. We hit all of our targets on the last ALGO call, Good for +40%. check it out below: Now it's looking like we're in a spot of consolidation. We saw a nice volume breakout but it's looking like it'll fail to meet the previous highs and stick us in a...
We're seeing good upward movement today across the crypto market after a pretty grim Friday. Looking at the 4H chart, we can see there's a big move brewing soon. Volume has been steadily dropping, we're in a parallel wedge mid-term and a downward channel short-term. There's the potential for us to break out of the upper bounds IF we see buy volume increase...
SXP has been experiencing a significant downtrend since it's Soaring August high of almost exactly $5. Swipe has been one of my favourite alts since release as it has until the last few months had crazy volatility and gives a VERY healthy yield return for hodling (I wonder why the sell walls get so clogged up on this chart... hmmmm????) We look to be nearing the...
XRP has been seeing a spot of consolidation it looks like. Parallel/slightly downward wedge, decreasing volume. Snapshots of XRP totals take place in less than 24hrs for the flare airdrop. Overall indicators are not looking good. Psychology of the market changes in last third of consolidation wedge. I'm expecting a price drop. Targets are marked for support...
BZRX has seen a good bounce in recent weeks along with the rest of the defi sector. VERY bullish behaviour across the market. This is to be expected, mainstream investors are getting into crypto and DeFi is kind of like if you took mainstream investing, pumped it full of steroids and gave it a pound of crack. Anyway... RSI is currently looking on the oversold...
Looking at our new weekly candle on KEY, we see... more of the same?! Indeed - prices seem to be clearly consolidating in a parallel wedge, further confirmed by the declining overall volume. If you have read any of my other ideas, you'll likely know wedges are my favourite formation as they quite often point to incoming price movement and you can get very...
Looking at one of my favourite alt's (and seemingly everyone elses!) SELFKEY once again today. It's a monster in the waiting, but like Tom Petty said the waiting is the hardest part. We saw a pretty good series of shakeouts last week, but the weekly candle closed above EMA 21 in what's almost a doji. Bottom support line for the uptrend seems to be all but...
YFI is throwing up an aggressive upward wedge with prices consolidating after bouncing off EMA 50 and resting now at EMA 21. Very Healthy signs for any chart. Should be a pretty simple bounce/ breakout play here. Opportunity for a 20% range trade potentially within the wedge. Indicators on this chart are all looking nice for further growth. Volume has dropped,...
YFI on the 4H is looking short term bullish with a good bounce out of our historic liquidity area. As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward. We're also testing the short term upward resistance, looking to breakout. I suspect we'll get another market shakeout at some...
STORJ is looking rather excitable at the moment. RSI is just leaving oversold with a lovely amount of potential headroom. MACD just fought off a bear cross AGGRESSIVELY. EMA 100 is the current battleground, Conquering this and holding it will be a massive buy signal. Volume is relatively low still but steadily increasing. Big spike in sell volume is off the...
BTC retraced as expected. Doesn't look super convincing on the bounce so I'd wait for it to post some actual volume or a good period of consolidation before putting out longs. If we move up watch how we act around the previous support level. If this turns heavy resistance expect more downside. Interestingly, looks like the whole pump up close to the ATH was a...
ZRX saw a big spike finally. Looking at the 4H chart we see a clear uptrend has formed, with the dump stopping on it. This is right at the top of our historic Accumulation zone. Volume has tanked, And I wouldn't be shocked if we had another correction down across the market before things keep building like crazy. That said if we don't get a correction expect an...
Hello friends and true believers. What a lovely day. Alt season is upon us, the money is flowing like it ought to, and looks like it might be for a long time coming. There will be sell days of course, where the market seems to drop, but as we've seen this year, once momentum gets going it usually runs for at least a month before major stoppage. Looking at...
Now HERE is a textbook example of a Cup and Handle that's about to end. I mean if you want to learn some basic trading, here it is. Cup and handle is a formation that's represented by a U shaped recovery or the cup, followed by a consolidation period representing the handle. Then we go up We've been in a historic accumulation area for weeks now. Volume has...
BTC Weekly chart is looking like we're shaping up to retrace short term. Covid 19? Stock crash? You pick the panic, people will sell at this level and who will buy in the top 10% when we know there's a sell wall @ 20k like nothing else in the crypto world. I noted an evening star Potentially forming. This weeks candle is very young so don't take this as...