This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
This is the situation right now on the daily timeframe; Bitcoin produced a lower low 1-May, this normally leads to a bounce. A bounce after a new lower low can push prices easily toward 70K, as a lower high but this isn't happening, this didn't happen. The bounce pushed prices to 65.5K and that's it, weak and a lower high confirmed; so far. Closing today below...
An "accumulation phase" is the part of the cycle when and where the whales and experienced traders take the time to load up in expectation of a massive market move. The time to accumulate is also called a "consolidation phase," when prices establish support before a market turns. The market already turned once, from bullish to bearish. Bitcoin moved to hit...
Ethereum's correction is already pretty advanced, you can tell because the drop has been going for almost two months and is already 31.5%+ strong; how much lower can it go? While this is a super-strong drop, it isn't over. The chart conditions are the same as with Bitcoin (BTCUSDT). Ethereum (ETHUSDT) produced a rejection right at EMA50 as the week starts and is...
99.99% of all people that are extremely bullish on Bitcoin and became extremely bullish on Bitcoin early 2024, became this super, ultra, mega, uber-bullish because of the Bitcoin Spot ETFs. When mentioning the fact that Bitcoin is about to enter a major correction, they would say it is not possible because there is no reason for such a correction to happen. There...
Good morning and good week my fellow Cryptocurrency trader, I am hoping you are having a wonderful time. The month is about to reach its end. Bitcoin is about to close red for the first time in eight months, since August 2023. This is a major development and a very clear, very strong, unavoidable and revealing signal. This signal can clear all doubts; This...
Ok. There are tens of thousands of Altcoins trading pairs and this is the reason why it is obvious to consider each pair individually. There is no point in making generalisations because there are just too many of us. Some people can have a 1-3% stop-loss while others can have a 20-30% stop-loss. A correction can affect very different an investor, a long-term...
We are going to be looking at this chart through candlestick reading for learning and entertainment purposes. —TOTAL2 Weekly Chart (Notice the numbers on the candles) 1) This is the peak. The candle closes red. The candle closes as a Doji. Volume starts to decline soon afterward. These are bearish signals. 2) This is the initial market reaction to a new peak...
While many of us can be in a hurry, or better yet, excited about potential market conditions, the market does not get excited and does not care; the market is in no hurry. The market; our market, the Cryptocurrency market, moves in cycles and within these cycles we have waves. The market grew really strong in 2023, our recovery year and this growth continued...
Good Saturday my fellow Cryptocurrency trader, I would like to show you some classic signals today; let's go back to basics. Let's study Bitcoin's weekly MACD, it has something to say. As I looked at the daily timeframe, I saw the MACD being oversold and starting to turn, a bounce definitely taking place. When I check the weekly timeframe this is what I...
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...
This green line here represents the exponential moving average of 10 periods. Notice how Bitcoin (BTCUSDT) just moved below it this very same week. 👉 When Bitcoin moves below EMA10, on any timeframe, the bias switches from bullish to bearish. Based on how we interpret the charts —technical analysis— only now, this week, Bitcoin turned bearish, and this needs...
We are in the same situation as always... It seems pretty hard to adapt to change, but reality is always changing, we are always changing; life is always in constant change ... Bitcoin is the same. Now, the question is 100% clear. ➖ Is the correction over? ➖ Will Bitcoin move now to $100K? The truth is that it is hard to say or predict, anything goes; the market...
We like the bottomed out pairs. We like low pricing. We like low risk. When the action is ongoing, the risk is higher. Charts like this one: get out right after getting in. Charts at the bottom: buy and hold is easy. Arwave (ARUSDT) is moving above EMA100 weekly with a super strong RSI. ➖ Long-term, means the entire bull-market. ➖ Short-term, means the bullish...
Look at this chart... We have another bullish chart on the ALTSBTC category. How many of these charts have we seen so far? 30, 35, 40? All these are 100% bullish with many already growing. That's the difference between a bull-market and a "recovery year". Last year, which I dubbed the recovery year, only a small portion of the Cryptocurrency market recovered,...
Solana (SOLUSDT) is now trading below EMA10 weekly but we are going to be looking at a different signal right now, one that came out recently before last week's drop. Whale alert! — Whales are moving around billions of dollars worth of SOL. 👉 Transactions in the tune of $817M (2x), $782M and $682M are exchanging hands right now and the last time this happened...
Q: I want to know if Bitcoin will continue lower or bounce and recover to new highs? Here we have the 4h timeframe, can be used for short- to mid-term chart analysis. Let's see what it has to say. A: Bitcoin is moving lower. I shall explain. The 14-March drop led to MA200 being tested as support. MA200 as support holds and Bitcoin moves to produce a lower high...
Hello my fellow trader, financial market analyst, Cryptocurrency lover; readers and supporters, how are you feeling today? Conclusion? 👉 The DXY is bullish! (You know what this means?) Let's read the chart together for learning purposes, fun and entertainment, or just to clear any doubts regarding my conclusion statement. Feel free to boost before...