The last time BTC.D was this low was back in the beginning of September when Alt's bled against BTC through a combination of dropping USD value and BTC pumping in the beginning of October. I see three scenarios here. 1) The market dumps again and ALT's get crushed, 2) BTC pumps leaving ALT's a current levels or even dropping a bit as money flows from ALT's to...
Well, here it is folks. Out in the open. DOT has a bottom line of support and if you are honest with yourself it looks like we're on our way to test it. There is a big probability that we are in a similar scenario as in the summer o 2021 were with effectively another month of downside to retest this bottom line of support before we change trajectory. Technically...
Straight to the point. In my opinion DOT will be a better performer than ETH this year. As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices. The 1.618 fib...
I don't know about you but I just see a huge rising wedge, bearish divergence on the daily RSI and MFI and low volume for Matic. The measured moved down coincides with .382 fib level at about $1.11. Rising wedges have about a 60% chance of breaking to the downside. Understand your risks and play accordingly. Good luck all.
I don't know about you but with BTC dominance sitting at support I would assume that either BTC is about to rally or ALT's are about dump against BTC, or both. Ether way I expect BTC break out of this descending triangle to the downside leading us into an epic ALT season.
The observation is simple. The daily RSI and Money Flow indicator are showing signs of bearish continuation divergence. This signifies that bulls are loosing momentum and a bear takeover may be just around the corner. Every time the RSI and MFI reached the upper levels we saw a dip. The first time we saw a 25% dip the second time was this November and we saw a...
Any sort of short term bullish breakout went out the window once we broke the $40 floor a few weeks ago. At this point I don't believe ICP has it in it to break into some higher figures without spending sometime consolidating in this $20-$40 range we've found ourselves in. With that though in mind and short of any hyper bullish catalyst I could see longer term...
The ICP weekly chart has lived in oversold territory for its entire life. But even the shittiest of coins can show signs of life. 1) It is possible that ICP is in a macro falling wedge and we have potentially reached the bottom. 2)ICP's RSI has to be one of the most oversold RSI in crypto. On the weekly we see signs of an end to bearish momentum as show by the...
Let's face it ICP has been bottoming out since the day it came out, to put it positively. Is this really the bottom? Who knows? But there is a bullish falling wedge on the daily with a price target back in the mid $40's. Might at least be good for a decent swing trade.
Similar to the SUSHIUSD price chart. The SUSHIBTC price chart looks like is in a bull flag pattern. Assuming that SUSHI gets to the the top around mid January a $12 SUSHI and .0002267 SUSHIBTC would place BTC price at around $53k (Extended cycle? BTC oscillating around $50-$60k for the next few months?) At the end of the day the main point of these charts are to...
My bull case scenario for Sushi places us at the floor of a bull flag pattern. Assuming a continuation of the bull cycle I believe we could be headed back to $12ish in the next month or so. The measured move out of an upside break would place us around $34 with a potential move to the 1.618 fib at around $39. I think it's also possible we head back down to the...
The last time SUSHI was at these level in both the RSI and MFI it went up from about .50 to $23.5 (47x). I doubt that we will see the same returns this time around but AS LONG AS we continue in a bull market I think we could hit the 1.618 fib at about $34 (4.5x from here).
I believe we could be seeing a pretty significant bounce for SUSHI over the next couple of weeks heading towards the end of the year. The SUSHI/BTC pair seems to be in a falling wedge with a break out target at the top of the wedge which would put SUSHI at .00034 of a BTC. Assuming a $100k BTC that would put SUSHI at about $34. I also don't think it's...
I just wanted to share this ascending channel with the community. I have been following ICP very closely for the last few months and have noticed that the logarithmic lines of support and resistance inside this ascending channel have played off pretty well. As long as we remain in a bull market I do believe we will reach $158 at minimum by the end of December. My...
Is a $116 billion market cap possible for MATIC? Why the hell no? Regardless the breakout target out of this descending triangle is .00007228 MATIC/BTC. Assuming a $100k BTC, I think we should be able to see a $7 MATIC. As you can see, we just retested and bounced off the diagonal line of resistance now turned support. I think we can be expecting some impulsive...
I believe that something like this could be the trajectory for a $300 USD ICP by the end of the year. In the near term we could see a test of .001 with a rejection back to the diagonal line of resistance. This rejection would be provably due to a combination of BTC ripping up and/or a market correction. Assuming that BTC lands somewhere around $100,000 by EOY...
All of the symptoms are there. The Bollinger bands are narrowly contracted on the daily. The RSI is consolidating around the 50% level. Volume is trending lower as we get closer to the apex of the symmetrical triangle. We're in a strong bull run for BTC. What else can you ask for folks. Trades don't get easier than this.
After some serious technical analysis. This is the most LEGIT pathway to a $1 for DOGE by the end of the year. #DOGE #DOGECOIN