I've been fairly bearish since BTC failed to break through the top resistance of the channel a couple of weeks ago. However, BTC's price action this week seems promising at the very least, so we have to consider different outcomes at the very least. My anticipation for the coming week is that we're going to retest the top purple resistance. We will get some...
QNT has been trading inside a bearish triangle pattern since September last year. With the most recent break out below the bottom support area, bears are more likely to step into a bearish bet. I'm waiting for the price to make a new local low, a daily close below 89.9 will do the trick. We don't want to be trading a fake out! Target at the 2022 lows.
HOOK has been trading inside a falling wedge for over 8 months now. In my view, a bullish break out of this pattern could lead to a new bull-trend for this token. Naturally, a bullish BTC will help. Also, this trade could play out over the long-term, so no quick money here. Still, a risk-reward of 20 is very respectable. I'm waiting for a daily candle to close...
Last weeks high: $26894.1 Last weeks low: $25873.8 Midpoint: $24853.5 After CPI and PPI news events that took place last week, we can see a clear uptrend after a deviation below the midpoint, then a reclaim and a move up higher. This week we have FOMC and the interest rate decision. The forecast is for the interest rate to remain the same at 5.50%. This decision...
It's been 4 weeks since the last Altcoin Fiesta, which means it's about time for a new one! My short-term view on the markets: BTC has fallen through the main bullish support which held the upward trend going all year. Volatility is still low, but BTC appears to have found support around the June support area. Short-term price action can be bullish, but I still...
This is a 1D frame analysis for TWTUSDT As you can see, the price has not been able to stay on our support area which is currently playing a resistance role and is being pressured by strong selling pressure towards the next support line. The price is currently on our support area and we can say that it does not have enough power to rise and the price is falling....
This is a 1D frame analysis for BTCUSDT As we can see, the price has been progressing as per our previous analysis and has activated our entry zone and we are still in profit. However, currently the price is in our neutral zone and is fluctuating within the channel. If it can maintain itself within this zone over the next few days and some positive candles are...
This is a 1D frame analysis for LINKUSDT Analysis of the crypto market: After executing the double top pattern, the price was unable to break above the resistance line and started to decline towards our first support line. The bullish momentum from the previous day was closed, but we can see a price drop that indicates a selling pressure. If the price breaks below...
This is a 1W frame analysis for BLZUSDT We are analyzing this cryptocurrency in a weekly time frame to get a better understanding of the market, which has been able to perform well in the negative days of the market. As you can see, we can see an ascending triangle pattern which after breaking the weekly key support was able to gain support and after breaking the...
This analysis is based on the idea that STG could be trading inside a bullish parallel channel. I copied the top resistance and placed it at the bottom. This trade requires a lot of patience, but can have a massive pay-off with some luck. Looking for a move all the way up towards the top of the channel.
Avalanche is currently in a simple ABC pattern. We have completed wave A and now in wave B that looks like an ABCDE pattern. Looking to catch wave C once we finish subwave E of wave B. Trade idea: - Risk entry on break of orange trendline - Safe entry on break of red trendline - Stops below lows after we break either of the aforementioned trendlines - Targets:...
LTCUSDT has given the breakout from long term declining trendline and started new bullish trend. As the market is consistently printing new HHs and HLs. A retest of previous broken structure is due, if the market successfully sustain the retest it could be a nice buying option . what you people think of this idea ?
WLD has seen a very long period of selling after it initially launched on Binance (as happens often with newly added tokens). However, it appears that this token might have bottomed for the time being. I'm seeing strong bullish divergence on the daily RSI chart. The price made a lower-low, while the RSI made a higher-low, which often signals the start of a change...
Last month I made an analysis on OP where I discussed a great entry that I was watching alongside the bottom support of the bullish channel. As of this week, we made an entry and we're currently in the process of reversing from the bottom support. With BTC showing signs of short-term strength, this bounce could very well play out as we expect. A R/R of 23...
KASUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.05200.
Recently I made an analysis on BTC's bearish triangle and the short-entry I was hoping for. The original resistance that I drew (yellow) has not been hit yet, but instead the purple line has proven to be a strong resistance. Support/resistance lines, especially diagonal ones, can be fluid, so I drew the triangle again. I'm waiting for the price to reach below...
This is a 1D frame analysis for BELUSDT Analysis of the crypto market shows that the price is currently retesting or pulling back to the neckline as seen. After executing the cup and handle pattern, the price has experienced a good uptrend and has been able to continue its uptrend towards the higher resistance line. With the bullish close of the previous candle,...
This is a 1D frame analysis for CELRUSDT The price has encountered our weekly support at and is currently rebounding. You can see the compressed candlesticks forming a kind of a triangle pattern which indicates that the bulls have enough power to push the price higher. Currently, they are pushing the price above the weekly support and, considering that it has been...