USD.T dominance is forming an ascending triangle, which is considered bullish. However, we did break down from the triangle. I published the first altcoin season idea on December 17th, 2022 and I believe that a pump is coming.
Currently, we are running into heavy Support from the 50-week moving average. For altcoins to remain bullish , we need to break this...
Well, USDT.D. has formed a massive divergence; there could be a last shakeout to eliminate the retail investors.
It's a very good opportunity to start buying into some of the altcoins.
I believe file, coin, dot, dash, and sushi are nearing or have already reached their bottoms.
After breaking out of this massive rising wedge, we will see a huge pump.
So tomorrow CPI (consumer price index) data will be released.
if CPI report comes below 7.9-7.8 it's going to be bullish for all the markets and this idea will be invalidated.
but part of me believes that report is going to come above 8.0 if that happens LTC and all other coins will fall to previous lows.
There is another scenario which I am also thinking it...
after getting rejection from 10B marketcap polka dot seems to be forming an Head and shoulder pattern on 12 hour timeframe could be seen on other lower timeframe as well.
the point I am trying to make here is next month is September. which is not really good for for crypto statistically speaking. (though anything could happen)
I am looking to...
BNB is looking so bad right now, i feel like it will go below $100 this year, the bubble is about to pop.
Yeah binance fans aren't happy, also there are so much fud related to binance. but yeah it's going to happen we will get another chance to buy BNB below 100$ probably close to $50.
it might sound crazy but it will eventually happen !!
BTC has formed a massive bullish divergence. I think the bottom is in. the worst had already come. which was ftx disaster.
2023 for crypto is looking great. in worst case scenario we can still revisit 14-15k but I believe the massive pump is looking great. btc could correct to 30-40k in 2023.
another reason is DXY is also looking weak at the moment.
SOL was one of the best performing coin in 2021. After Topping 250+ SOL dropped almost 90% to it's original ATH price.
if we look closely SOL is forming descending broadening wedge pattern. Which is bullish pattern.
if we take a look at weekly RSI and MACD both of them are quite bullish. VPVR indicator also showing strong support near 38-40$...
So it's been while after ftx collapse Sol was in pressure due to alameda research holding of 300+ million worth of usd. people were afraid to hold solana so people dump their Sol holdings.
after that initial dump Sol formed another decending bearish triangle which isn't looking good for now.
the price is going much much lower, i think the sol...
btc is forming bearish pennant on 4 hours timeframe. which isn't bullish continuation indication. it's looking very bad.
withing few hours PPI (producer price index) report will be published around 8:30 A.M. Eastern Time)
I am hoping for bullish news if we do get the bearish news. we will see significant drop in bitcoin price.
if you are holding bitcoin in...
Take a look at the following chart.
the chart is looking bad but if we make a quick recovery above 18600 bitcoin is safe..
Another theory which i believe is that with ftx everything was planned by CZ. he is master when it comes to destroying and eliminating their competitors.
the situation could have handled very well. but CZ made a ripple effect by...
USDT Dominance is forming ascending channel pattern.
Right now, it's testing a strong resistance of 100 days. which seems to be working.
tomorrow the cpi report will come out. if the cpi exceed the expected value. we will head to the red area. it means the market will be shaken. I am expecting the yellow path in case the value is between 8.2-8.3
if the value...
NEOUSD seems to be forming descending wedge pattern. Last year NEO topped at $130+ it's also one of the coin which failed to break All time high like IOTA, XRP, DASH, BCH.
but now it seems it's finally getting the momentum back. this chart shows that NEO will probably hit all time high around by the end of 2023 (time is very hard to predict). but here we go...
USDT has formed a huge ascending triangle which means usdt is bullish in terms of market cap. it also indicates people are converting their assets to usdt.
only one hour left for CPI report if the cpi report is above 8.3 we will see massive dump in crypto market and other markets as well. if the value is lower or equal to 7.9 we will see huge pump.
lets see how...
Crypto is in severe down trend since the start of 2022. Since then we are making lower lows and lower highs. recently we have break out of bearish flag pattern which isn't really good news for crypto
the total market cap is looking to retrace back to $700-800B dollars it will bounce back. the previous support of 1.16T marketcap is now a massive...
Here is another chart which is telling that btc could possible go below 20k again. bearish btc is forming bearish pennant. which could further decline the price back to below 20k or possibly 16k.
do not take any trade before the breakout. the chart is actually upside down in order to make sense. we shouldn't ignore the technical analysis....
after breaking out of flag like pattern bitcoin saw massive decline to 18.5k after that we saw a rally which retested the previous support and now it's resistance.
after cpi data we saw massive decline thus which started bearish rally.
i believe if today's candle closed below 18500 we will see massive decline to 16k or 15.9k
bulls are clearly not in control at...