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...
➖ Notice that Polygon (MATICUSDT) has been moving within a lower high for more than two months, 66 days. ➖ Notice that it has been moving within a wide range for 109 days, more than three months. More than three months and basically no growth, why? How can we interpret this information? What does this means for Bitcoin and the Cryptocurrency market as a...
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...
Hello my dear reader, we are doing candlestick reading now and we will focus mainly on recent price action. I hope you are having a nice weekend. Sometimes we focus on Elliott Wave Theory as the main system we use for charting/sharing. At times, we focus on the moving averages, oscillators and trend. At other times, we look at correlated markets and so on; when...
How do we know if this is a short-term drop (a retrace) or a long-term drop (a correction)? ➖ One way is to take into consideration the duration of the bullish phase and compare it to past history. ➖ Another way is to look at the proportion of the waves; a parabolic rise will always lead to a strong correction. ➖ An easier way is by looking at the trading...
This is a quick and simple one. A tiny bit of information that might be useful to your chart analysis... Maybe for correlation, comparison or to open up to new perspectives, views, possibilities and ideas, we are talking about a chart. Here we have Cardano on the weekly timeframe, five weeks going down. ➖ The five weeks going down can tell us that a bearish move...
Here the leverage can now be increased. It doesn't matter if you entered before or after the peak, if you are doing it short or long-term; this is easy profits. Ethereum seems to be headed lower based on chart signals and lots of data we looked at in previous weeks. The correction might end up being boring... I think nobody is going to like seeing the market...
➖ Bitcoin produced a new All-Time High followed by a rounded top pattern. ➖ Bitcoin is now moving within a lower high compared to the newly established ATH. Any trading below the ATH —such as is happening now— can be considered a SHORT opportunity. The stop-loss can be set above the ATH. Below the full numbers... _____ SHORT BTCUSDT Leverage: 8X Buy-in:...
➖ 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...
Why are the Bitcoin bears shaking? Why are the Cryptocurrency bears shaking if we are supposed to be ultra-bearish? Why are they scared deep down? I'll tell you why, because the Cryptocurrency market is set for explosive growth and subconciously they know it. So the bears are about to get liquidated again and this is scary for them, that is why they are...
After hitting bottom what happens? After we hit bottom, there is no other place left to go but up! That's a true statement don't you agree? We have a true bottom here (All-Time Low) for SafePal (SFPBTC) and if only by a few satoshis what follows is a major bullish wave; notice the same recovery pattern... Here comes the weekly timeframe: ➖ Notice the ATL,...
➖ Bitcoin is now red for the fifth week in a row. ➖ Confirmation is no longer needed, the market is about to sell-off. We are looking at Bitcoin on the weekly timeframe. Notice how the week just started and we already have a full red candle. Normally we get the first half of the week green and the second red, on a normal week. This change in behaviour is...
Good morning my dear follower, please allow me to entertain you for a few minutes with this chart. Here we have Bitcoin on the daily timeframe; we are using mainly two signals for this analysis... Join me, let's dive in. Bitcoin Analysis ➖ We have the visible range volume profile indicator showing liquidity around 50K, 44K and 25/26K. ➖ We can see BTCUSDT...
I can spot a perfect 5-up wave pattern from October 2022 through March 2024. A correction is likely to follow next. On the chart we have a classic Zig-zag (ABC) correction (5-3-5) but any type of correction can develop. It can be flat, complex, extended, irregular, etc. There is always the possibility that wave five is not yet over or that it becomes extended;...
Hello once more my dear supporter, let's review another chart together... We do this for learning just as we do it to spot trading opportunities. Good looking charts with nice growth potential. "High probability chart setups." This time we are looking at Golem (GLMBTC). I like the BTC pairings for many reasons but we will look at those in a different post. Let's...
➖ We have a bottom formation, Adam & Eve, developing and prices trading above the May 2022 low (grey on the chart). ➖ We have a strong RSI as prices moved recently above EMA10 and EMA21. ➖ We have a broken downtrend. Simple signals yet very strong. Once we hit bottom, the only place left to go is up! ------ ENTRY: $7.65 - $8.50 NEXT SUPPORT: $7.00 TP1:...