BTC set a new ATH over the weekend at $61k and now we corrected from the resistance at fib 61.8% as indicated on the chart. We quickly found support just above $54k as bulls front run to buy this discount price before BTC is posed to explore higher levels. What I see as possible plays is BTC going to $58k and getting rejected again to re-test our support just...
Bitcoin dominance is flat for over a month now... we're still in this range and until we break out there is nothing much to say. Perhaps a quick dash of BTC price to $70k will take us out of this range, but if ETH and the alt market pumps as well.. not much will change in the ratios... Until we have an up/down trend here, there is not much else to say... flat...
Vertcoin appears to want to escape the resistance around 60 cents that has kept us in this area for some time, however, we seem to have made it support lately which is... BULLISH! If that is confirmed, I expect a quick pump to the next relevant resistance at 90 cents... hello $1! :) Indicators are also curving up, so I expect some nice price action soon. Stay...
ETH is on a path to $3,000. We found support on our previous ATH (at $1,400) and now we are pumping ever since. Bullish. ETH like BTC (see my idea below) is posed to pump and explore a new high and the most likely target in March is... $3,000! The Fib lines perfectly align with this as well, therefore, I expect ETH to make some quick gains once we move beyond...
Bitcoin could not have been more bullish! We made a higher low just as we passed into March and now we pumped hard recovering almost all the drop from end of Feb. What does this tell us? We are VERY bullish! Based on this, as soon as we pass beyond our current ATH, we're quickly going to hit $60k and then move higher. There is little holding us up, MACD...
The crypto market is an ecosystem and events reverberate across the market creating synergies... one of these is when ETH is bullish, BTC tends to be bullish and the reverse is true. Up or Down. Today, ETH looks very bullish (check my below idea) and posed to re-test its ATH at $2k, so this will carry over to BTC... which is looking very bullish at the moment...
ETH had a great news today - EIP-1559 (or Ethereum Improvement Proposal) was approved and is scheduled to go live this July, and crucially for investors, may result in ETH becoming a deflationary asset and will remove these crazy high transaction fees with a flat fee structure... WAIT WOOT??? Apparently fees paid in the new protocol will be BURNED! Meaning supply...
XRP is preparing to break the resistance at $0.48 and if that happens (anytime now) we will likely shoot up again to $0.65 which so far has acted as a nasty resistance throwing the price back down every time. Until then, let's see if we can break this local resistance which should not hold us down long I'd say. Looking at the indicators we can see that: 1....
Enjin find itself at resistance as indicated by the fib extension and $1.8 level. We also painted a bearish divergence on RSI which is not a good sign, however MACD is still looking very bullish so this is not a major concern now, however if we continue to push up and paint a bearish divergence, price will drop eventually, so keep that in mind. Since MACD...
DOGE did the impossible, it found support in heavens where Elon Musk together with his massive rockets hedl the price above the key support of $0.045. Nice. Now we seem to want to go up. As indicated by the yellow parabola, DOGE is looking to explore some new highs soon and we may re-test the current ATH, provided Elon sends some DOGE tweets to lift us up...
UNI is at a decisive moment. We are under this resistance which is also our current All Time High (ATH). Can we push through? On lower timeframes we seem to have lost a bit of the bullish momentum with a falling histogram on MACD. However on higher timeframes like daily we just had a positive cross on MACD. This is bullish. Therefore, the best decision in...
Vertcoin has been in a battle with this resistance at just over $0.60 for some time. However I believe this battle will soon end and Vertcoin will FLY to $1 and above. As you can see we formed an ascending triangle in blue, and we're approaching the end of this formation. Therefore, Vertcoin, provided it remains bullish like the overall market, should push higher...
LIT is looking GOOD. We made a high low forming a nice ascending triangle highlighted in blue and now we're about to break the resistance at just under $9. If we manage to do that this time then I see us quickly moving to $10 and above. The overall altcoin market is bullish and is led by ETH which is also bullish in my eyes (see below my idea for that)....
BNB broke out of this descending triangle. Now we are taking a break just below $250 where we have a resistance level as indicated by the Fib line. If we clear this resistance, we're clear to go higher and BNB will likely re-test its current ATH at $350. Nice. The overall market continues to remain very bullish and if you check my ETH idea, we're looking great...
ETH broke up the H&S neckline which is BULLISH. This is very good for the overall market and especially alts which have made some nice gains since. Now we seem to consolidate and re-test this neckline breakout. Once that is completed I'd expect us to move higher towards $1,800 where we have our next significant resistance. Question is - will we pass this...
BTC is quickly approaching the resistance at $51k. Can we break above? If that happens, then BTC will be clear to re-test the ATH and move higher. The indicators are looking good to push us higher, however the volume is not ideal. Volume has been declining on this move up. Not good. Therefore, we may re-test the ascending support in this ascending triangle in...
BNB looks ready for some spicy price action. Check this chart out. We're approaching the apex which has to resolve soon... i.e. will the bulls crush the resistance and pump the price or will the bears drop us to under $200? My best is bulls may win this fight. We will know soon enough. Also watch ETH/BTC as they will decide where the market is going this...
ETH has painted an inverted Head and Shoulder patter... will it be confirmed? For this to happen we need to break above the neckline. If yes, we will most likely re-test our ATH at $2k. Price wants to move up, but watch BTC (see my idea linked below), if we get rejected on BTC which is just below resistance, then ETH may be in trouble too. We will know by...