First things first,
Bitcoin has technically fallen into bear market territory as price slipped below last year's low, forming a lower low on the monthly timeframe. Despite this, Ethereum continues to trade above the key level of $1700 (last year's bear market low), therefore being way more bullish from a macro trend analysis than Bitcoin itself (I've recently...
First things first,
Fundamentals and supply and demand are the two major driving forces of price in any specific market.
When talking about fundamentals, Ethereum is far ahead of the heard when it comes to:
-Web3 & Decentralization: Ethereum is arguably more decentralized than Bitcoin (why you may ask) because there are more gas fees in $ terms everyday. That...
Today's analysis will be on one of the most controversal cryptos on the market: XRP. This is because the SEC started prosecuting them this year. The case is still open and there is no clear direction which side it will end up to. A contrarian sentiment bias can be built based on the consequences the lawsuit had on this cryptocurrency (delisting in...
This is an in-depth analysis on why I HODL and keep buying CRO (Crypto.com's native token) as a double digit % of my crypto portfolio.
First of all, the main product of the company are their debit cards with perks such as Spotify, Netflix and free from fees, which is phenomenal. There are top tiers that you will need to...
Today is a great day to sit back and analyse the Bull of all Bulls, Bitcoin, the boat tide that rises all tides is here to stay for diversifing portfolios due to the increased demand of alternative assets to hedge agaisn't the current fiat monetary system that depreciates significantly over time. The keys to stay in the market long term are on constant development...
After several months of a corrective rally, the USD is poised to resume its long term bear trend.
-1.2 Key level support being held by bulls: this level has an strong numeric phycology factor, it has been serving as pinpoint resistance and support for both sides. The moment EURUSD is staying above it, there will be bullish buy walls to defend, as...
I see true potencial on XAGUSD for multiples reasons, both technical and fundamental.
-Strong demand for physical silver
-Gold & Silver markets in a bullish correction, silver already brokeout of the pattern and gold is about to (above $1932)
-Monthly timeframe (highest probability) pattern, the famous cup and handle, which gold printed last year and...
Highly bullish news for Bitcoin as technically as well.
We're approaching the breakout of a symmetrical bullish triangle, that could easily push price north of 20K once and for all to bring the breakout buyers and trap them.
I will be looking to buy on the retracement of the breakout along with a S&R flip and an EMA
Be ready for this move with...
Gold has been on a short-term downmove for a long time already and has barely recovered from the losses from it, unlike the stock market and the crypto market (already at early highs).
We need to look at the big picture which is trading upwards on a channel that is holding up quite nicely along with break of structure to the upside of the descending...
We've seen the rejection off the 21 Weekly EMA which has a strong support for the bulls, if you scroll left you will see how strong this is.
Support and resistance flip has been really strong and will continue to hold 10K for now.
Close this week above 10400 and BTC is off to the races, with the trendline that's broken serving as support now here on...
The weekly timeframe is still technically bullish and I don't see us going that down sub 10k in which case I will be bearish below $8700 on the recent daily low made. Above 10k there is plenty of support eventough we closed the daily above it, the bounce from 9.9 on Bitmex and 10005 on Coinbase is enough for me to think that the bulls are not willing to...
HYPE WILL COME BACK
I sort of like this coin fundamentally already.
Got in at 4.2 level during the dump while Binance was down (used my phone to do it at market price).
Tomorrow is the distribution of Cdc (cryptocom)'s Syndicate of OMG, in most cases thesee coins go up after this event.
Keep your risk managed,
Higher highs higher lows, buying opportunities are welcome !
Still awaiting a deeper retracement of Bitcoin to reach sub 11k levels, and take longs from there aimning at the all time highs.
There is significant structure to support this price levels, broken trendline and even a 50% fib retracement level from 8.8k
What do you think? Will it give us...
Bitcoin PA has been quite corrective recently, we tried pushing up today with a big rejection of the $11600 zone and Jerome Powell's speach boosted temporarily the dollar up. The speach itself was about inflation and monetary policy, which remains unchanged and they enphasized, as they always do, that the FED will keep using all the resources it needs...
Welcome back to another analysis.
Weekly chart of Bitcoin, volume is decreasing over the past months, with price going up, showing significant dominance of bulls over bears, to confirm this take, I want to see increasing volume on the upcoming weeks/months.
I will be convinced that the bulls are back if we have a weekly close above 10.3-10.5k.
Welcome to another analysis this time it's gold, it's printing a long buy on the monthly and short-term timeframes,
-Above all short term bullish moving averages
-Recently broke out of a descending trendline, making higher highs
-Next monthly resistance target, $1900
Fundamental analysis we don't even have to talk about, Fed printer is brrr and riots,...