Let's see if we can determine how these things work. Let's see if I can get this message across to you, if it is understandable. There are people behind the scenes. These are groups, "entities," but in the last analysis, there are people behind the scenes. These are the ones responsible, these are the ones we read. It doesn't matter if it is an automated...
It is NOT going higher but instead lower... I have a funny story to share about this pair. One of my supporters, he comes early June and says, "Hey Alan, look at this pair, is awesome for your people; you should share it is going to grow a lot." Uhhhh. To me it is obvious that it isn't and he knows I am bearish on the entire market, so... Well, that's the story....
Can you see the long lower wick on yesterdays candle (5-July)? ➖ Unsuspecting onlookers can take this as a strong reversal signal. ➖ Beginners can see this as a sure recovery. ➖ Wishful thinkers can consider this the end, because it was a "very strong drop." People can make all sort of excuses in order to support their bias... And that's ok, we...
Looking at this chart, we can spot what appears to be a big, long-term widening channel. We have a triple top (T-Top) pattern... Can we say four tops? This dynamic tends to happen; when the upper boundary of a channel is challenged, a move to the opposite direction takes place in an attempt to test the lower boundary. Here this can be seen as orange and yellow...
Good day my fellow Cryptocurrency trader, I hope you are having a nice day. ➖ We looked at this chart multiple times in the past and right now, timing is great. ➖ We are SHORT based on decreasing volume and a rising wedge. 👉 We have targets above $3... It can go lower but we like to be conservative... Remember to consider the risk. Leveraged trading is for...
Good day once more my dear friends... We are looking for timing; great entry-timing! ➖ Here we have a combination of lower highs after a rounded top; these signals are supported by decreasing volume. A bearish bias is in place. We have BD-Pot (bearish potential) on this chart setup. 👉 Our last target is just below 0.00000500... Adjust as necessary; this is for...
This will be one of the epic shorts of the year... I will save it for my record book. The details can be seen on the chart; TRXUSDT is about to crash. ➖ A bullish wave that started after a major low November 2022, ended late February 2024. As we all know, after a strong bullish phase, a strong correction follows. After a weak bullish phase, a weak correction...
Good Monday my fellow traders and Bitcoin holders, we have a new signal to consider based on the volume indicator; this should be quick. ➖ On the 5th of March we have the highest volume on a daily basis in years, with the session closing red. ➖ After this day, we saw a trend of decreasing volume. This trend of decreasing volume lasted for 111 days. ➖ The trend...
We have the worst week since January 2022; the biggest bearish move in 2.5 years... And you ask the question, where is the volume? It is interesting that there is no volume; What does it mean? ➖It means that this is NOT it; that this is NOT the end. ➖Huge volume will come in when the bearish action intensifies; is about to end. ➖Low volume at this point, with...
Here we have a pair that is moving bullish just as Bitcoin is moving bearish: ARDRBTC. ➖ We can see a low 18-June with a reversal candle, and a higher low 5-July with an even stronger reversal candle. ➖ Today we can see a full green candle coupled with a volume breakout. This can be one of those pairs that goes green while the correction continues to unravel on...
No real action... The market feels "dead" ... This is a bearish signal Trading volume has gone down and there is no movement. There is no movement for several reasons: 1) New participants aren't likely to become interested in Bitcoin without hype/excitement/growth. The market has been declining for months. 2) The last buyer already bought. All potential buyers...
Good Sunday my fellow traders, let's look at TRXBTC today. We have a classic "w pattern" on this 3D chart, which is equivalent to a double bottom. This same pattern worked as a bottom back in early 2021 and something similar can happen here. Bullish action has been happening for this pair since the start of the month. Tron can detach from the market. TRX has...
Do this... As a mental drill in preparation for what's to come. Go to your portfolio and note its total value. Take whatever amount you see on the screen and divide it by half... What do you see? What do you feel? Nothing? Something like this we are about to experience. Once it actually happens, we tend to see imagines/visions of all the things that we could...
This is what Binance Coin (BNBUSDT) looks like on the weekly timeframe... Absolutely terrible. ➖ First, we have the full negation after the major fakeout move; this is a strong bearish signal in and of itself. ➖ Then, we have confirmation with the red candle that follows it (17-June). ➖ Last weeks candle closed green with a lower wick and looks like a recovery...
We are interested in the NVDA stock due to its close correlation with Bitcoin, when it comes to price action. ➖ NVDA produced a top, clearly, 20-June. After this top it consolidated a little bit and on the 3rd of July produced a full green candle but with no volume. ➖ On the 5th of July we have a red-candle. This red candle produced a lower high and happened...
There is a major move on the way, similar to the one we just experienced... Good Sunday my fellow Cryptocurrency lovers, how are you feeling today? "Only" four days of bearish momentum between the second and fifth of July. That's it and then we went back to not much. But the chart left some interesting data for us to analyze, telling us clearly what's to...
Bitcoin is likely to continue straight down... This is another instance were no significant recovery is taking place. The lack of volume on the bounce indicates that the bulls are not ready to play. The way market psychology works is quite intriguing... We can guess how the market will behave by considering market psychology. What are most people...
DYDX just hit its June 2022 all-time low and is starting to bounce; as in early signals. Before we get to the good part, let's start by saying that we are NOT concerned with the bottom. ➖ We are Cryptocurrency market bulls. ➖ We trade spot —plain and simple. ➖ For us, this is the accumulation phase. We know one thing and one thing only; buy, buy, buy, buy, buy,...