Everything is on the chart. Support has been tested a second time just two days ago. This support is now a slow-moving exponential moving average. 👉 We are likely to see a break of this support based on my analysis. My analysis goes like this: ➖ The first bullish wave was very steep and its correction ends at support. ➖ The second bullish wave is weak...
This is Bitcoin's monthly chart. Currently, not the best ever. ➖ Last month closed below November's 2021 peak price. ➖ This month we have a classic in place: First half of the month bullish (long upper shadow on the session), second half of the month bearish. The potential is clearly negative but the month is not yet over. The three months sideways period...
I get stuck on my own way of thinking... In my own unique way of seeing things. Whenever I develop a market perspective, there is no way to get out of it... That's a problem, a true problem for somebody like me. What to do? Seems I am closed minded and cannot accept a different perspective other than my own, I tend to ask myself questions, to see if there is...
We have a major situation here but, as I write, I can feel peoples doubts and uncertainty... Do you belief there would be uncertainty on a strong bullish bias? Did you feel uncertainty when Bitcoin was going up every day, every week, every month? Do you feel uncertain now? Why? ➖ TONUSDT is showing a bearish divergence between price action and volume. ➖ Volume...
Notice that this is the same chart setup we used before; Binance Coin bearish potential remains intact. The bearish potential is intact because BNBUSDT is still moving within a lower high compared to 16-March. Notice that the peak is very close to Bitcoin's; What one does, the rest follows! We do have a volume breakout in the last two days and the MACD looks...
Notice how yesterday's session is not that strong—Polygon (MATICUSDT). Notice how today we have red rather than green. This level of weakness implies that a new low is likely coming in the following weeks and that is something that we have been expecting and welcome because there will be better opportunities when prices are low. Imagine buying at the market...
I have some followers that like action, fast; they don't want to wait. What's wrong with that? There is nothing really wrong. If you have the right tools, the right mindset, the right amount of experience and the courage and will power to keep trying no matter what; then it is possible. It is possible now, today, yesterday, tomorrow and everyday. Everything you...
Dogecoin produced the classic head and shoulders pattern, a top formation. It has been bearish lately, everything seems slow. Trading volume continues to decline... ➖ First, the bias is revealed. ➖ ➖ Then we see a strong challenge of support. After a period of suspense... Comes the drop! Everything can easily change; nothing is certain. 👉 If DOGEUSDT moves...
How do we know if this is a short-term drop (a retrace) or a long-term drop (a correction)? ➖ One way is to take into consideration the duration of the bullish phase and compare it to past history. ➖ Another way is to look at the proportion of the waves; a parabolic rise will always lead to a strong correction. ➖ An easier way is by looking at the trading...
Here we have the long-term chart for Loopring (LRCBTC) and we can notice a new All-Time Low (ATL) being hit in the current session... What to make of this situation? Good afternoon my fellow Cryptocurrency trader, how are you feeling today? ➖ A new All-Time Low is great because it means that the bearish wave is either over, or reaching its end. ➖ A new ATL at...
➖ Today's price action for Bitcoin was characterized by a strong rejection. ➖ The shakeout happened were prices moved higher in an attempt to scare off weak hands, while at the time time this move was a successful liquidation of over-leveraged traders (20-30X); also known as gamblers. ➖ The candle that followed turned into a rejection and the next day (today)...
We have an interesting situation with Cardano, one of the pairs that we've been trading for many years (ADAUSDT). Have you been trading ADA for a long time as well? See this bearish harmonic pattern: This is a common pattern and easy to spot and it is also quite accurate, it tends to be successful most of the time. The interesting situation here is that we...
➖ We have a very strong ascending channel pattern on the BNBUSDT chart. ➖ The fake bullish breakout early June is a failed signal. These two combined spell doom for this pair. Expect a major crash to happen now, after months of sideways which is when most traders lose money. Once a trend has been established, it is easy for traders to win. When the market is...
Why don't we ask the chart? Good evening my beloved Cryptocurrency trader, how are you feeling in this wonderful new moon day? What is the chart currently saying? We have lower highs and almost three months of bearish consolidation; this we call the distribution phase in expectation of a major drop. All the bearish signals we visited in the past remain valid...
Yes it can! Good afternoon my dear Cryptocurrency trader, how are you feeling today? As usual, you have the answer right away so you don't have to be bothered by reading the entire trade idea ... But, if you want to be entertained or get inside my head, feel free to boost and keep on reading below! I am grateful for your continued support. ➖ We know that XRP...
Solana is great; Another amazing Cryptocurrency project and we are sure to trade this pair nicely on the LONG side (we are Crypto-bulls) once the correction is over. The correction is now in full-swing and is only getting stronger. Let's look at it in simple terms: 1,2,3. 1) SOLUSDT peaks, hitting the highest price/level in years. Reaching a major high point...
Notice how in May Bitcoin closed below the blue EMA line but quickly recovered ... Bitcoin only traded below this level in late 2023 as part of a consolidation phase, not part of a bearish wave. Now, Bitcoin moving below this moving average with a full red-candle is a major bearish development; it confirms what we have been warning you for from months... It...
We have experience with 2018 (mid), 2020 (pre), 2022 (mid) and now 2024 (pre). Ok... I will need your help because this is all speculative opinion and we have no experience with politics... How is Bitcoin likely to be affected by the USA elections? ➖ We have experience with a capitulation process matching the 2018 midterm election (bearish-negative). ➖ The 2020...