An observation on the altcoin market It seems we are moving in a downward fashion (still in bullrun) Comparable to the previous markets rising fashion Both following a large period of consolidation We still have more exponential growth to experience
If a reversal back upwards in the market occurs BTT is a good candidate for an altcoin buy It just makes sense However if a reversal doesn't come to be, this post will be redundant Aim for sell at .1 if we go there
An idea for MATICUSD Suggesting that a "breather" has just taken place, and upon transition through the pink (2.618) fib level, bullish action will resume. Indicated by the white bars pattern.
I have sketched out how I think the moving averages will develop in the coming days/weeks I believe this drop is just a fake and a sharp recovery is in order Having the MA's layered 50,100,200 allows for easy upward movement
It is interesting how the price has formed these patterns which are exactly the opposite and result in exactly the opposite outcomes Kinda like they are pairing themselves together? Thought it was worth a post
Where I see ETHUSD going on the four hour chart I see great potential for a strong recovery from this recent fall I expect a move up, being semi parallel to the (2-3) move These are just my thoughts so take with a grain of salt I am looking for the 8k range for a sell on ETHUSD
This formation of moving averages layered 50,100,200 is a great candidate for bullish action This is shown in right slide, which is BTC's legendary run to 20K in 2017 Enjin on the left is showing the same MA state hinting at bullish potential As its easier for price to move upward with MA's like this, the path of least resistance is taken I am long ENJIN
BTC may form a rounded top formation allowing price to sit just above the Gaussian Channel and lead to continuation This price action can be seen to be very familiar to earlier price action just above the channel (in white box) Some juice for the bulls in this bleed
Twice previously the 50MA has been a point of bullish rejection for price Will we see a third rejection? and continuation upward? It seems ETHUSD has built up a large support area that id like to assume will hodl I want this to go to 8K I also think Visa's recent purchase of a Cryptopunk NFT is very big news for NFT's and Ethereum and may contribute to a move...
Similarities can be seen between these two coins A flat top has formed, rejected and a recovery has now begun The only major difference is that REEFUSD is under the 200MA while DOT is above it A requested idea and comparison post
Previous touches on the 50MA led to an 800% increase What will happen this time? the bitcoin pair also looks very appetizing with the monthly price sitting on the middle band of the Gaussian Channel
Using this indicator we can view the "alligator" eating bearishly, heavily, on BTC.D which is a sign that more people are moving to ETH We can also see the direct effect on ETH.D with the alligator indicator eating bullishly These are monthly timeframes In short, it looks bright for Ethereum and altcoins, while dominance for BTC is struggling I am long ETH
Looks like a very clean miss of the death cross More bull action is coming based on this comparison to the early bull run Looks great really
Some circles showing the intersection and connection to the circle as time passes ~2.2 years is my expectation for the current bull run Previous bull run labelled along with the bear market also Above is the chart analyzing how I came to the conclusion of 2.2 years
% increase after halving to 0.618 decreasing, 923.55%, 558.53%, 261.18% This may be due to bitcoin approaching a more stable state over time Which is expected as adoption increases
Similarities can be seen in prior pumps above the 200MA It seems to have found a support zone above the MA line This support will likely push bitcoin up to its final leg of the bullrun
With the price perched upon the 50day moving average And also perched upon 1.618 fib circle of the strongest trend available If you are in ADA right now, you should feel good about yourself
BNB has shown an affection for 0.618 This may morph into an affection for 1.618 As I have mentioned before BNB reminds me of early Bitcoin, based on price structure and price development