A rising tide lifts all boats, with central banks now pivoting on a hawkish policy we are entering the perfect environment for digital assets to outperform!
I've changed my price point to tentatively be a price range of $150.99 to $153.18. This could change as price action plays out. Do not assume we are in a local ascending wedge in the 3h or 4h time frame. We COULD actually be in an ascending channel instead of an ascending wedge.
Hello dear crypto friends, hope summer is comming to you! ;)
Today's summary of the Big 6:
BTC: Still grinding at $4k, loss of Daily HL will have us looking for a HL on the weekly compared to $3333
ETH: Same Spiel as Bitcoin, grinding up bear channel
LTC: Lead Bull, fighting with $60 psychological S&R Zone
EOS: My favorite potential Bull play for...
--------------------------------------ETHEREUM ANALYSIS--------------------------------------
Megalodon indicator is showing 292 buy signals VS 4 sell signals on Ethereum . We have to wait for our Strong Buy signals on Megalodon Pro to justify taking another bite at ETH.
--------------------------------------BITCOIN ANALYSIS--------------------------------------...
--------------------------------------ETHEREUM ANALYSIS--------------------------------------
Megalodon indicator is showing 291 buy signals VS 12 sell signals on Ethereum. We have been loading the bags on ETH for the next rally. It seems like ETH is one of the most underperforming cryptocurrency right now.
At the same time, ETH's 61.8% level with the previous...
Tradingview can be a madhouse of dubious traders changing their minds by the hour. As a reserve asset, Bitcoin will behave in tandem with precious metals and to some degree like treasuries.
For now, we have the perfect environment to rally, to what degree? Time will tell!
Good Morning folks,
Background: I'm a graduate from Purdue University. I've been trading and investing in the equity markets since 2007/2008. I traded out of my Dad's account when I was younger and lost him a bunch of money. After this, I wanted to help get his money back + learn how to trade by myself. After losing money myself, learning lessons, reading tons of...
Hello dear crypto friends, hope you're doing well guys! ;)
Todays summary
BTC & ETH: Potential hidden bearish divergance on the Weekly
LTC: Still running high, consolidation would be healthy to break S&R zone
XRP: Rekt in both directions, still in same range
BNB: Huge high-runner, looking for HL on the Weekly
Enjin: Consolidation mode
If you had some...
Good Morning All,
I've provided a free analysis for the community and shown visibility in my trades. Hope y'all enjoy! Please see my previous updates on the TradingView page for other BTC updates.
Cheers and Happy Sunday!
-Amol
Here's a video analysis of what I've been seeing with Ethereum recently. Hope you enjoy!
By the way, I'm seeing this bottom fractal occurring on some other altcoins as well, not JUST Ethereum, but didn't want to make a super long video this time.
Good night and good luck!
This is NOT financial advice, and I'm not a professional. This is my hobby and I'm doing...
Hello dear crypto friends, hope you're doing well guys! ;)
Todays summary
BTC & ETH: Indecision
LTC: Lead Bull
XRP: Relative Weakness, Bottom Trendline break will be perfect to short
Enjin: Huge break-out, and perfect play due to Technical Analysis
Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the...
Simply brainstorming while waiting for new Daily Candle With Updated Indicators to provide a better idea of what's possibly going to occur. Which means I'll provide another update shortly after the creation of a new Daily Candle. I'll also provide a publication for ETHUSDT and LTCUSDT on the creation of their new Daily Candle.
In a volatile asset like Bitcoin, time horizon and position size matters. With the ECB turning dovish in a heartbeat it's hard to be bearish digital assets. With that said, price is not linear and pullbacks are certain.
Bitcoin will not be a medium of exchange, price volatility would turn the local corner store into a highly leveraged speculator. With that said, Bitcoin has its place!
Ethereum had a pretty significant pump down. It's now a serious bear-bull fight as punters queue up for positions. Overall on higher time frame the trend is for the north. On lower time frames price is trending for the south. Many exited on what appeared to be a double top on the Daily. So the recent fall may have been just about fear.
