For some pairs the bullish wave is already old news, as can be seen from Blur which has been growing since October 2023. The chart is a bit messy but hopefully it conveys the message. ➖ On the left side BLURBTC was bearish. ➖ On the middle portion of the chart Blur produced a bottom pattern and then went bullish. ➖ On the right side BLURBTC is now...
Ignore the title I am just trying to be funny... In this expert edition of "read the charts" we are going to look at the TSLA stock long-term. Are you ready? The Tesla stock TSLA peaked November 2021 after completing a massive 3,412% rise that started July 2019. It is always interesting to note that November 2021 is the exact same date that Bitcoin peaked. So...
"Once we hit bottom, the only place left to go is up!" Don't you agree with this phrase? Alien Worlds (TLMBTC) hit bottom yesterday, literally just one day ago. We don't know if this is the actual bottom but we do know that this is the All-Time Low. Now, looking at the whole market, it is possible that this is the bottom and the risk is low if this isn't the...
MA200 Here sits at 528 and when a Cryptocurrency pair trades above this indicator long-term bullish potential is active. This is what I know based on experience, years of experience. MA200 is not shown but you can easily do this yourself by opening up C98BTC on the daily timeframe and plotting the MA indicator and setting the period to 200. SMA (Simple Moving...
Keeping it very simple as usual, because simple is best. If it gets too complex it just means that something is wrong or we do not understand it well enough. Before we even get started... If it doesn't move up, the last low (0.00000514) should be the stop-loss, so this is ultra-low risk; very high growth potential. The best type of chart setup. Also notice how...
But just hit a new high today and the highest price since December 2021, believe it or not, more than two years ago. ➖ This is a bullish development of course but doesn't necessarily means that Bitcoin will move ahead and hit anew All-Time High, in fact, correction potential becomes stronger after this move. What can change though is the low for the next...
Here we have an interesting chart, one that leaves no clues as to what is coming in March, April, June and the rest of 2024 for the Cryptocurrency Altcoins. How are you feeling this morning? I hope you are having a wonderful day. ➖ Nervos (CKBBTC) produced a very strong bullish breakout today pushing its price above EMA50 and EMA100 weekly, a major bullish...
BakeryToken grew by 657% in 147 days last year, between July and December. While this is definitely a huge feat, this is only the beginning, literally. The black line on the chart represents the recent downtrend that has just been broken. And once the downtrend ends we get a new trend and that's an uptrend. The potential for growth is really high based on the...
ImmutableX is now challenging a resistance level that has been holding it back for more than two years, since February 2022. This level is marked green on the chart. Once this resistance level is conquered, the 0.00005600 - 0.00006050 price range, we can expect massive growth; Higher highs and higher lows for months if not years... The Altcoins market is set to...
In just two weeks, fourteen days, UMABTC produced a 360% bullish wave, this to mark the bottom for this pair... A bull-market is now ready to start. After a classic retrace below 0.618 Fib. retracement, support is being tested as EMA50. Here is the chart: Short-term it can be tricky as there is room for a bit lower or the action can suddenly switch and we see...
After wave 3 peaked late December 2023, a classic retrace followed... Notice that the retrace low was hit early January and while Bitcoin moves ahead, OPBTC consolidates. Are you ready for another one? I am hoping you are having a wonderful day. The Altcoins vs Bitcoin pairs tend to correct when Bitcoin moves up, this dynamic is no longer valid; What...
Bitcoin is facing a major resistance level... The last resistance. This is a make it or breakdown moment... 👉 If BTCUSD can move above this major resistance and stay there for 1-2 weeks, then the doors open for higher prices. On the other hand, if this level cannot be conquered, a retrace can develop. How are you doing my fellow Cryptocurrency trader? Let's go...
Bitcoin's 4H RSI hit its highest level since early December 2023... This is pretty interesting since the 4H RSI has been producing lower highs since late October 2023, so we have the highest reading in a little more than two months —now reaching "overbought" levels. Each time the RSI entered overbought levels Bitcoin was trading at new highs and a continuation...
The daily Bitcoin MACD has gone full bullish: ➖ A local down-trendline has been broken (from its Dec. '23 high). ➖ Trending straight up. Resistance is being faced next around 707 or 0.786 Fib. extension. ➖ The daily candles look pretty good, we are lacking only a bit of volume. ➖ We have five consecutive days green with a small distance being travelled. 👉 If...
Have you considered what happens if BlackRock, Fidelity, Michael Jackson and all the other newly created Bitcoin stars start selling Bitcoin? Let me ask you this and please, be honest, let's have an open discussion because we need this. ➖ Have you noticed that all these "Bitcoin Spot ETF" have been buying billions and billions and billions of dollars worth of...
➖ Gym goers are familiar with the phrase: No pain, no gain. ➖ Traders are familiar with the motto: Risk is part of the game. Experienced traders know by a fact that it is not about the number of trades that you win but about managing risks, high probability trade setups and knowing when to exit and when to enter a trade; having a well throughout plan, being...
Looking at the higher timeframes, it is absolutely clear that Bitcoin is going down based on everything the chart has to say... So let's do a flip and look at Bitcoin short-term. No secrets here... The charts are open for everybody to see. ➖ BTCUSD peaked recently, just hours ago —11-Feb. 20:00. ➖ The RSI peaked 7-Feb. 20:00. That's four days ago... Seeing that...
Let's look at Cartesi long-term vs Bitcoin - CTSIBTC- and where prices are likely to end at the next market peak. First, let's look at some classic signals: ➖ Long-term higher low (clearly depicted on the chart). ➖ Strong RSI (a reading of 58). ➖ Trading above EMA10 and EMA50 (weekly timeframe). ➖ Bottom formation, a cup pattern (this same pattern appeared...