Bitfreedom_Research

Bitfreedom_Research

COMP's 2-week-long bullish impulsive trend broke this morning. As a result, we expect a move down to $42. Then a further move to $31 (indicated through the Point of Control (red line) on the Visible Range Volume Profile indicator)

Bitfreedom_Research

It looks like the pre-July 4th short squeeze is finished. At the moment, it looks like 20k will act as resistance.

Bitfreedom_Research

Polygon (MATIC) is an excellent long-term protocol with a massive product stack and an increasing user / developer base. HOWEVER, because MATIC is such an excellent investment, it will be beat to hell as large investors use MATIC token for exit liquidity. We are short MATIC until our bottom indicators start signaling green.

Bitfreedom_Research

The reflexive rally on the 1-hour chart looks complete. The clock is ticking for $20k to break. We're expecting a move down to $16k - $14k next.

Bitfreedom_Research

After bottoming at $0.33, MATIC moved in a beautiful V-shaped recovery. However, we do not expect this bullish sentiment to take the MATIC much farther above $0.62. In the long term, we're looking to accumulate MATIC <$0.20 for maximum returns.

Bitfreedom_Research

It presently seems that SOL will reject the 0.382 retracement level. SOL has rejected $40 four separate times since 09:00 UTC 6/5/2022. We're looking to catch a move from $39 to $36.50.

Bitfreedom_Research

Bitcoin completed a 2.5-year long Elliott wave movement when its reached its previous all-time high ($68,990) in November. Since this run-up was so large and unhinged, misguided models and sham projects now must die so the crypto market can heal. This includes: - the stock-to-flow model - an incorrect predictive model which promoted reckless speculation...

Bitfreedom_Research

Ethereum Name Service turned bullish from minimal news: finance.yahoo.com This shows ENS has a strong community and is a great long-term hold. I'm trying to hop on the train. ENS is a coin I am accumulating for the crypto market's next price cycle.

Bitfreedom_Research

LSS has formed a clear impulsive wave and ABC correction on its daily chart. If $0.36 is the bottom, and if LSS if beginning a wave 3 impulsive movement, then this should bring LSS to >$1.18. This target is taken from the trend-based 1.618 fibonacci extension.

Bitfreedom_Research

TRX recently announced on April 21st that they will launch their USDD stablecoin on May 5th. At the moment, the market doesn't know how to react to this news. TRX failed to break $0.07 resistance twice now. If TRX finds support above $0.065, consider this to be significantly bullish. If not, then buys at $0.062 have paid for the past 2 weeks.

Bitfreedom_Research

To any who are not convinced of the bearish case for Ethereum, I defer you to these articles: realinvestmentadvice.com Simply put, most of the economic activity conducted on Ethereum has been a result of: 1) Millenial / Gen Z Speculators 2) Venture Capital Funds Without a constant supply of fresh liquidity from the Fed, most ERC-20 tokens will leak value...

Bitfreedom_Research

If MPL breaks below $47, then it can bring some major pain. We will see if demand steps in here, but with such a clear Elliott Wave it sees likely that MPL will move lower. Looking to accumulate in the $30 range. In the next crypto bull run (long-term) this is a coin that will blow-up.

Bitfreedom_Research

To day trade this, wait for resitance on a higher time frame. We don't want to hop in front of a moving train. It is likely that 0.15 will again act as resitance.

Bitfreedom_Research

The top 2 privacy coins (XMR, ZEC) have moved in a steady bullish trend since the invasion. Two low-cap privacy ALTCOINS I'm watching include ARRR and SCRT. Specifically, I think SCRT has the most potential here. For perspective, if SCRT reaches XMR's market cap, this would bring SCRT token to $27. www.coingecko.com www.coingecko.com

Bitfreedom_Research

LSS just printed a nice bullish indicator. This coin is one of the few that can make us money in the crypto bear market. Lossless protocol is a great long-term hold. I think it can reach >$20 eventually.

Bitfreedom_Research

I expect the 0.618 retracement to hold in the immediate term. While the Coinbase partnership is exceedingly good for 0x long-term, in the short term the market is still bearish NFTs and tech stocks. I'm expecting a reflexive rally to move back to the $1.06 - $1.17 range. blog.0x.org

Bitfreedom_Research

MPL pumped too fast during an >40% FOMO rally that began April 6th. If the rest of the crypto market goes to hell, then MPL may be able to outperform again. Until then, if $53 - $50 holds, then this indicates that MPL is still in a bull trend. Under $53 means bear trend.

Bitfreedom_Research

The first area of resistance for LUNA is $89. After this, then $95. It appears that LUNA is spiking as a result of a reflexive rally, rather than a new bull trend. I am looking to short LUNA at these levels and cash out below $70.