Bitcoin now aiming straight for the $25,000 target.
So Apple released new computers... Great. They also released a new update for the operating system... Yey! Right after the update, my computer has become useless and I am feeling inspired to buy a new one... Tricky. All updates always work great but this time, the urgent "security update" somehow makes the computer ultra buggy and slow... 🍻😌😉 Anyway, the...
I am smelling a retrace such as the one that took place between 16-19 January. Regardless of this retrace, the bias is upward. With MA200 now being conquered and confirmed, the next target is set at EMA300 which now coincides perfectly with the 2.618 Fib. extension... When my moving averages coincide with the Fib. numbers I take it as confirmation. How long it...
When Bitcoin stopped to consolidate at around $20,500, right after hitting the $21,600 target I immediately thought that I should go long. This thought came to me because I had a trade from Nov. close at exactly $21,620, all targets hit, yet I knew that additional growth was possible and even had other trades, spot, with higher targets. At the time I didn't...
Our trade for AVAXUSDT is focused on the short-term, 110% and stops at $26 but there is always more as I keep mentioning. Here we zoom out and can see all the potential that remains available for this pair to grow. Keeping it simple, you can see an additional 200% on this chart. This is in the mid-term, within 1-3 months. Namaste.
The weekly session is ending on a positive note, bullish consolidation, so far everything is great. Easily aiming at $25,000 followed by $28,000 next week. Warning/caution 1st February when the feds meet. Shakeout/volatility, can last a few days or maybe a week+, this is yet to be seen and then resumption of growth for months. Higher highs and higher...
One our followers asked for this in the comments section. So I will do the analysis and also numbers. Good news Trading above all EMAs is good. Specially MA200. The RSI strong. Higher lows since November. A strong correction already took place. (This is a bullish signal) It looks good. The correction removes any doubt. Consolidation has been going...
Litecoin has been leading the market since the summer of last year and today we have the greatest news ever, or the greatest signal/confirmation for cryptocurrencies trading bulls... Litecoin hits a new high and reaches today its highest level since May 2022... And guess what? The day is only getting started so we are bound to see more. I have many other...
I was looking at Bitcoin's short-term breakout and decide to have a look at ETCBTC and see how it was doing... Somehow I ended up on this chart 1h timeframe and I saw a huge green candle... I was like "wow", ok, the correction is over. I went to look for ETCBTC yet it wasn't as strong as LTCBTC but the signals were already there. I already reached my conclusion,...
While Tether Dominance is still holding above EMA50 as support on the weekly timeframe, USDC Dominance has gone below... Revealing what's to come. EMA50 is a very important level specially on the weekly timeframe, as it becomes 7x stronger than the daily. Here we can see decisively that USDC.D closed below EMA50 last week. This weeks candle/session only work as...
The late December support is being confirmed through a higher low in January, also by a broken local downtrend as well as a long-term one (from September 2022). As the downtrend fails, the bulls win. It will be easy to see Ethereum Classic grow here. The potential targets are mapped on the chart. Remember, if the Ethereum Classic BTC pair grows together with...
We already looked at the short-term timeframe enough so it is time to move back and look at the bigger picture. Tether Dominance printed a long-term lower high which alerted us to its current drop. This drop has been confirmed in the past two weeks as its price broke below EMA10. The final and critical support is now EMA50 which matches the 0.382 Fib....
Monero has been green 6 weeks straight. Only 1 red week within an 11 weeks period. The slow rise started after the June 2022 low but bullish momentum has been building up since early November. Currently, XRMUSDT is trading and growing above EMA50 weekly with a very strong RSI. Everything is flashing, "Warning, sudden growth imminent!". We are looking at 80%...
Each time Bitcoin drops by $200 dollars, the bears start praying... Literally on edge. We are looking at the short-term chart and we have some valid rejection candles, some valid bearish signals but there is only one problem, no follow up. The 25-Jan. 18:00 candle shows a clear rejection but the next day the bulls show up and buy all the selling and we end up...
MA200 represents long-term and it looks like that's exactly what is going on here. After Monero (XMRBTC) moved above MA200 back in March 2022 it has been growing, long-term. A correction took place that sent prices below MA200, briefly, and support was found just above the 0.382 Fib. retracement level of the bullish wave that started after the early 2022...
No other choices remain available other than a bounce, change of trend or relief rally once the bottom has been hit. Stellar (XLMBTC) recently activated its May 2022 support level and is preparing to grow. The last time this support level was hit a multi-months long bullish wave followed and this is exactly what we see coming but stronger. There is a clear...
We had a strong rejection at EMA10 yesterday, the previous trade idea becomes less relevant right now. We looked at the possiblity of a bounce that would meet "strong resistance" but this is less likely. With the long upper wick rejection at EMA10 from yesterday's candle, it seems that USDT.D will move straight to the next support level with no...
Bitcoin has done way better than expected, it gave us a great start to 2023, exactly what we wanted so there isn't much more we can ask for but... In fact, we are not asking for more we are happy with how things are going and feel grateful to be able to enjoy such an amazing recovery, so great is the recovery that most people are still yet to believe it is...