With the market seeing a lot of weakness lately, I'm starting to look at more bearish trading opportunities. In recent analyses I've stated multiple times that my expectation for the remainder of 2023 is bearish. With BTC falling, it's likely that alts will follow. In this analysis I'm looking at SOL's rising wedge formation that also functions as a potential...
TRX has been trading in a very stable uptrend since the November FTX lows. Whilst the market has seen a lot of volatile ups and downs, TRX has been very gradually increasing in value. Most important aspect of the chart is the bottom support of the parallel channel (the top resistance is a direct copy of the bottom support). This support has held 5-6 times already...
Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) The key is whether it can rise above the HA-Low indicator on the 1D chart and above 26.1K. If not, there is a possibility of renewing the previous latest low range. As of now,...
In our latest analysis, we explore Bitcoin's unfolding volatility patterns. Notably, the bottom indicator highlights a distinct drop in Bitcoin's 7-day volatility, as depicted by the green metric. Historical data consistently suggests that such low volatility precedes significant market movement. While periods of low volatility can span weeks, they invariably...
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. Patience is key for this trade. I'm waiting for STG to reach the bottom support and reverse from there. Long term target placed at the top resistance of the channel.
As of a few days ago, GMX has successfully bounced from the bottom support of the falling wedge pattern. With BTC trading sideways, it's likely that alts will see a surge because money flows away from sideways price action. I'm looking at the top resistance of the pattern as a short-term target. Pattern is still bearish, so we're keeping our target close.
This is a 1W frame analysis for DOGEUSDT In order to provide a better view of the market to our friends, we are analyzing the market at a higher scale. The price has formed a descending channel with one side being the resistance zone R1 and the other side being the support zone S2. However, currently the price has not been able to open higher ceilings and form...
This is a 1D frame analysis for SNXUSDT After bouncing off the support line, the price was unable to maintain its support and is currently heading towards the first resistance line. We can expect that if it cannot break above the resistance line, it will start to move back towards the first support line, but if it can break above the first resistance line, it may...
This is a 1D frame analysis for LRCUSDT As we can see, the price is currently fluctuating around our weekly support zone and we expect it to support the price like it has done in the past and not break below it. However, we must wait and see if the price can break through the first resistance zone and establish itself above it, then we can enter the trade with...
This is a 4H frame analysis for BELUSDT The current price has been able to start a bullish movement above the resistance line, but it has not been able to break above the support line. If it can break above the resistance line a few times, it can move towards the second resistance area. We have identified a support area for you, which if it cannot break above the...
This is a 1D frame analysis for ETHUSDT As we can see, after dropping the white support line, the price experienced a downward trend and, due to market fear and high selling pressure, was unable to break back above our line and stabilized below it. However, currently, with the price lingering around our support zone for the past few days and the indecisive market,...
Seems Like Has Already Bottomed Out and Getting Ready For Massive Recovery In Coming Weeks Formed Text Book Falling Wedge In 3 Days Tf And Expecting Breakout Incase Of Successful Breakout Expecting 250% bullish Wave In Midterm Keep Eyes On Iotex For Breakout
LEVERUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market has given the breakout from previous high, if the market sustains this breakout the next target could be 0.001680
In continuation of my previous bearish BTC analyses, I spotted this triangle pattern which has been formed over the last couple of days. Whilst it's a risky trade, the potential short-term gains are big enough for it to share with the rest of the community. I'm waiting for the price to fall through the support, which can potentially signal a further fall in...
Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DXY chart) For several years, the world has overcome great adversity and is on a journey to return to normal life. The fear of war still exists, but in another sense, I believe that the world...
This is a 4H frame analysis for SOLUSDT The current price is below the first resistance line and is in an ascending triangle, and if it cannot break above the first resistance line, we can expect a pullback and price correction. However, if it can break above the first resistance line, we can expect it to move higher. The 4-hour chart shows a strong Marabuzo...
This is a 4H frame analysis for CHRUSDT Analysis of the crypto market shows that prices are in an uptrend channel and may start to move towards the second resistance line after breaking the first resistance line. However, be aware that it is close to an area where it has failed to move up after several collisions and has had price drops in advance. Suggestion:...
This is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the...