In this analysis I want to solely look at BTC's historical performance in the last quarter. Historically speaking, Bitcoin's performance has been great during the last 3 months of the year. Where August and September are generally bad months, October through December have more often than not been great. Around 62% of all Q4's have been positive, with an average...
In previous analyses I've been quite bearish on BTC's outlook. I mentioned that a daily close above the dotted purple resistance line would greatly favor the bulls and that I would switch my short-term stance to the bulls once we closed the day above it. And here we area. The bulls have pushed through on Ethereum's ETF's. However, I'm worried that this ETF...
Per request, we want to take a look at Filecoin. This cryptocurrency has been around for a few years, and the first thing that stands out to us is that its value is down more than 98% since its peak in 2021. Another thing that caught our attention is the relatively lower daily volume since the start of summer compared to the period in the first six months of 2023....
Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) (USDC chart) As long as USDT funds are maintained, the coin market is expected to maintain an upward trend. The decline of USDC is expected to make the coin market an...
This is a 1D frame analysis for LTCUSDT After losing its previous support zone, the price was unable to start its upward movement and breached our first support line. Currently, the price is close to our first resistance line and we believe this could be a pullback for further downside to our second support line. However, if it can hold above our first resistance...
Few months ago, I posted on the USDT.D ( Follow the money if You wanna hit your target ). According to the CryptoAsset market, USDT.D is 7.86%, so far. But if we add CRYPTOCAP:USDC.D to this chart, what is not insignificant because they are predominantly used in DEXs, we reaching 10.22% . Knowing that CRYPTOCAP:BTC.D is at 49.86% ; CRYPTOCAP:ETH.D at...
This is a 1D frame analysis for TRXUSDT The price is fluctuating within the supply and resistance zone and if it fails to establish itself above the resistance line, we can expect a decrease in price. However, if it is able to establish itself above the supply and resistance zone, it can move towards its second resistance line. We expect the price to return to its...
PEPE has been losing a lot of value after the initial listing on Binance. However, there might be some good news for the bulls in the near future. Seeing that falling wedges are bullish reversal patterns, a break out from this pattern might be the signal where bulls are waiting for in order to step back into PEPE. With a bullish/neutral BTC, this token can fly...
ARB has been trading inside this bearish channel for a couple of months now. I'm expecting the top resistance to hold yet again, making it a great area for a potential short entry. Ideally, we wait for the RSI to be overbought on the daily and make an entry around the key area of 1$.
This is a 1D frame analysis for BELUSDT The price has been following our previous analysis and is currently nearing a resistance area and supply. If we can see a bullish price that can hold above our first resistance line, it can start to move towards our second resistance line. However, keep in mind that if the price cannot hold above our first resistance line,...
This is a 1D frame analysis for DYDXUSDT As you can see, the price is approaching a resistance area and its supply. If it cannot break above our first resistance line, it will be doomed to our support area, and if it can break above our first resistance line, it can start its move towards our second resistance area.
This is a 1D frame analysis for LINKUSDT According to the previous analysis, the price has advanced and is now close to a resistance area and we can see the potential for growth, but if it can break above the first resistance line we expect it to start moving towards the second resistance line. However, if it fails to hold above the resistance line and we have a...
Context: BNB is the only crypto chart which "only" dropped approx. 74% from its ATH in 2021... The entire crypto space has been bleeding out, but BNB has been hovering around up there. Why should it drop down to $43.20? Because the chart says so, that's all I care about. What needs to happen for that drop? I don't know, but I have a theory. Binance holds large...
In this analysis I want to shed some light on an interesting relationship between Bitcoin and Gold. It's not a relationship that you can use in your day-to-day trading activities, but it can clearly be used to spot long-term areas of support and resistance. As seen on the chart, the yellow area (which was established at the 2017 top) has offered support during...
BTC has been trading relatively bullish over the last few days. However, it seems that BTC is encountering heavy resistance at the intersection of the blue and purple resistance lines. I've been bearish in my last few analyses, and I will stay like that in the short-term, unless we manage to close the day above the blue resistance. For now, bears are still...
#usdt dominance chart shows a weakness. It will search a dip , the bullish flag bottom is the probable zone to retreat and then the bounce. After the bounce if #usdtd have a breakout, altcoins will have a blood bath. NOT FINANCIAL ADVICE.
In my last couple of BTC analysis I've had a fairly bearish outlook on Bitcoin's price action. See below: Seeing that BTC is currently experiencing a strong surge in price, I'm willing to look at the market with a more bullish perspective if BTC manages to break through the top purple resistance. For now, I'm anticipating a rejection from said resistance...