API3 has dropped 54% and we went in the golden pocket between Fib 61% and 65%. This is usually a good buy area during a correction and especially in a bull market. What is more important is that just under we also have an ascending support line. This confirms that this drop has arrived towards its end. Moreover, the yellow parabola also shows we have reached the...
BTC corrected 23% today, can we go lower? What we do know is that $46k level seems to hold well as good support with a nice bounce. Check my BTC TA video for more! If we happen to fall lower, I expect the area around 40k to hold any further price correction as by that time we will be at 30% correction. On lower timeframes, we're turning bullish, so a possible...
1INCH corrected over 50%... and now we find ourselves at a KEY level of support - the previous ATH and .61 fib level. This is a very strong support for 1INCH and you can buy it at half price compared to early Feb when it was $6. For this reason, I think long opportunities here (around $3) are a good bet. Falling under this support would mean both ETH and BTC...
ETH crashed 34%! Wow... but this correction IS GOOD. See my latest YouTube video on ETH. We re-tested the old ATH level as support! If this holds then we're set-up for ETH to go much higher. Questions is... did you buy? If not, there may be reasons to buy in the old ATH area as highlighted by the chart around $1,360... if we revisit it again. Why buy? 1....
ETH had today over 150,000 pending transactions during the crash. Can you imagine HOW many transactions got stuck in this flash crash? How many tried to sell or buy and FAILED... Not good. On a technical level, ETH broke down from this massive wedge (in blue) which was a significant bearish signal. You should have sold at that moment, not later. Now we find...
BTC flashed crashed almost 20% while most altcoins including ETH crashed almost 60% on some exchanges, check Kraken. This took place so leveraged longs were flushed... many got liquidated. Not nice, but this is a reminder... use leverage sparingly and never go over 5x as today, anyone over 5x got liquidated... This flash crash is only one of many as we go to the...
Today the whole market had a flash crash of 20% or more depending on the coin. VTC held quite well and has now recovered most of the loss. This is good. Moreover, we touched the diagonal support which held well and we're above $0.65 cents. This level was an excellent buy zone for VTC long term. Unless the market continues down, I expect VTC to reclaim its...
BTC Dominance has been hovering above support for some weeks now... can we finally break above this level? The indicators would say yes, we seem to build up momentum to go higher, but every time we try, we get rejected. MACD shows we are picking up speed as indicated by the histogram, but the candles are still to reach the resistance at 67%. Why so...
BNB is finally correcting. We seem to have topped at just under $350. If we break the yellow parabola and the support at $240 then we will go lower. Levels on the chart. MACD and RSI are bearish, so do not FOMO now... wait for price to find support, then you can consider a long. Volume is also decreasing, so interest is moving away from BNB for now after such...
ADA broke up from the ascending triangle and made a nice pump. However, there are some signs this momentum is fading a bit as shown by the decreasing volume. We need this to pick up in order to sustain the pump. However, on daily, ADA looks great and we should be able to reach $1.3 eventually. The yellow parabola is a good indicator of our momentum, so we have...
Check this chart out guys. LIT broke above the current resistance and is now making it support. If the momentum is maintained, we're looking good to go higher. MACD is preparing to do a positive cross, RSI is going up and volume was very healthy on this last breakout. Therefore, continuation is expected which should bring us to at least $12, then $15 again....
GRT is looking good, we broke outside this descending triangle and now we are brushing against the previous channel resistance. If we manage to push above it, we will surely re-test the current ATH level and if we go higher still, we enter price discovery = very bullish! The indicators are looking VERY good. On 4h we just had a nice MACD cross on the positive...
1INCH has painted a very clear consolidation in this channel which I expect to break-up at some point. The indicators are turning bullish on 4h and if this moves to daily, then I see us gather enough momentum to push beyond this resistance. Volume is also looking healthy here, so this move has legs, question is will we be rejected at resistance and we need to...
UNI exploded today out of the blue... check the volume... 😲 There may be some information we are missing or simply some whale decided to unload on UNI token. Either way, UNI paints a very bullish chart for several reasons: 1. Volume exploded - bullish 2. We broke BACK into the old channel 3. MACD+RSI exploded, bullish The trend has clearly reversed and UNI +...
ETH set a new ATH in tandem with BTC... we are now at $2k as predicted in my last idea. What now? The chart gives some mixed messages. On one hand we have the daily indicators that show we are bullish, however on 4h we have some signs of weakness. MACD histogram paints a bearish divergence and volume is not great on this move up. Therefore, I expect ETH to...
Bitcoin passed $50k and now $55k in a quick succession... to set a new All Time High (ATH) at $57,553. Will we stay here long? No! We will most certainly push higher towards $60k where I expect a reaction in price, either we blow off into the Moon or we will see some quick correction after pumping hard. So keep a close eye on the $60k level and watch the price...
BTC is forming a cute little ascending triangle and we may breakout of this tight range between $50 - 52k. I remain bullish for now and if we break above 52k with conviction, then we're good to go to $54k. If not, we have plenty of support below us to hold any correction and return us on the up-trend. Lets see how this formation is resolved, then we can be...
ADA is approaching the end of this formation and I'd expect a nice breakout. At least this is what the indicators are suggesting. However, wait for this formation to resolve to get confirmation, then enter your position. A break above $1 will set up on a path towards $1.3 at least. If we fail to breakout then we may fall to $0.75. Time to be patient and let the...