While Polygon is sure to take part in the first 2024 Cryptocurrency marketwide correction, this is only a short-term move. Short to mid-term to be more specific as this correction can extend and about this we will know more pretty soon. Polygon has been growing long-term, it is surely an amazing project. Cryptocurrency as a whole is something unique; a perfect...
I remember a time when I was feeling so good and great with my paper gains... This is not bad, we tend to feel down when we incur some paper loss. Neither is real. When Bitcoin is up and we have a good entry, the only way to win is by securing profits or waiting long-term... Even with the long-term wait, at one point we have to use our assets or cash-out in some...
See the period labeled "6-weeks green"? ➖ We saw this back in 2022. Right after the sixth week that closed green Ethereum went down for 98 days. It took 140 days or 20 weeks before Ethereum got back on the green. ➖ We just had a period of 6-weeks green in early 2024. It ended two weeks ago. Last week closed red and it was the first red week after this abnormal...
Good Monday my fellow Cryptocurrency trader, let's look at Bitcoin together short-term. Q: What do we have here? A: This BTCUSDT on the 1h Timeframe. Signals ➖ We have lower highs since 14-March. ➖ We have a major drop 5-March, coupled with decreasing volume. These are mild signals. Still early when we consider the bigger picture but it won't be early for too...
➖ Let's start with #1. LTOUSDT shows a pennant breakdown leading to a rounded bottom. This rounded bottom after a break above EMA10 and volume breakout, leads to a bullish wave. The same pattern is active today. ➖ Let's continue with #2. LTOUSDT shows a pennant that led to a rounded bottom. After breaking above EMA10, we have a strong volume breakout... What...
Good day my dear friend, how are you doing? See, Cardano has been red for three weeks. Two weeks actually but this week starts red and is likely to end red. Seeing three consecutive red weeks can mean a correction is about to develop, we can deduct this based on multiple signals. This is ok. This projected/potential correction is only a short-term event. It can...
Good day my fellow Cryptocurrency trader, I am hoping you are having a wonderful start to this week. The Cryptocurrency market is doing great but the action is about to turn mixed. We will have many Altcoins grow really strong —already happening. While many of the big projects will enter correction mode —already developing. We can see Dogecoin turning red on...
➖ This is now a high probability trade-setup. ➖ The bearish potential is very strong. ➖ The down-move has a high probability to happen next. This is the situation we are in now after months and months of being too early but the market conditions will continue to evolve, fluctuate and change. We have three days red; first time since January. We are about to enter...
Solana produced a multi-year high late December 2023. It proceeded to move sideways within a lower high for more than two months and then forged ahead. Solana hit yesterday its highest level since December 2021. This works in favor of the bears. This is just a friendly update/reminder to my readers/followers. While Solana hit a new high, this is always...
Market conditions are always changing, so we need to be flexible in order to be able to adapt to change. XRP has been shaking... We had a bearish idea and yielded to commentators pressure (one great reason not to read comments) and went ahead to published a bullish idea; the chart was bullish at the time though. The bears came back and we published a new bearish...
Notice here the repetitive falling wedge pattern... I am drawing the falling wedge for you but we are basically just looking at waves; up and down, up and down. And we have higher lows long-term because the bottom was set June 2022. ➖ Current session JOEBTC is strongly bullish; a strong green candle. ➖ Strong higher low and a minor bullish continuation...
This one is looking really good... As usual, there are so many signals that are positive that is hard to know where to start. Ok... Ampleforth Governance produced a long-term bottom pattern. The bottom/low happened May 2022, much sooner compared to other Altcoins that bottomed June/July 2023; which means that this pair is much stronger. The current action is...
We have a perfect falling wedge pattern and a very clear and strong bullish breakout. Highest volume since April; The breakout started yesterday and continues today (continuation) and the RSI is super strong. 👉 We can expect easily, nicely, surely additional growth in the days, weeks and months to come. Remember, this is not only a "bullish wave", this is the...
Happy Valentine's my fellow Cryptocurrency trader, I hope you are having a wonderful day. Here we have the CyberConnect (CYBERBTC) chart with tons of signals pointing to bullish growth... Let's take a time out and look at those: ➖ CYBERBTC is in the process of conquering EMA10 and EMA21 as resistance. This signal is confirmed once the day closes above...
Aptos has been dropping, vs Bitcoin, since January 2023. In October the downtrend stalls and the action turns sideways. The same price range hit in October is tested again in December and later January and February 2024, making this a quad-bottom pattern —a rare find. Today APTBTC produced the highest volume since August 2023. This is happening with a strong RSI...
Aptos came out of a falling wedge "recently" but it's been five months already. It has been moving through resistance slowly producing higher highs with last week hitting the highest price level since April 2023. This is a bullish sequence and we have a bullish bias. Even accounting for retraces and corrections the trend would continue to be up, as long as...
There are many signals here pointing to long-term growth, let's look at those: ➖ The RSI has been rising since inception, not to mention a strong bullish divergence with QIBTC. ➖ Trading volume has been mainly bullish and we have a really strong session Dec. '23. ➖ Bottom formation (yellow). Break below support just to recover. ➖ Trading above EMA50 and EMA10/21...
This small batch of trade ideas will end with Clover Finance vs Tether (CLVUSDT); we have the classic C&H pattern. Together with this pattern the following bullish signals are present: ➖ 4 consecutive week of bullish action. ➖ Very strong RSI; super-strong. ➖ Trading above EMA10/21. The Cup & Handle pattern is a bottom signal and when coupled with the above...