Many alt coins are reaching the end of what appears to be an accumulation cycle. We have an obvious long running down trend followed buy an equal distance of sideways accumulation. Next step is typically an equal length time cycle to the upside. Price can only trend in 3 directions. It can trend down, trend sideways in a range, or it can trend...
This chart is an update to the previous attached chart below from earlier this year. Looking at the weekly we see price action, wave trend, and money flow all curling to the upside. Current Trading plan is to hold for more upside until price brakes structure to the down side looking for any of the price targets above.
As alt coins gear up for the next market cycle Doge coin has seen alot of hype over the potential use case with twitter. The chart is the ultimate culmination of all buying, selling and the cycling there of. Twitter or no twitter Doge along with many other alts are leveling off and exposing their momentum. Applying current cycle price action to average...
XRP has been stuck trading in the same price range for the last 5 years. The real question is has it established its fair market value range or has it been just supressed by its pending law suit with the SEC. Personally I tend to lean more twords the later and expect real price discovery to occur after a decision has been reached on their status as a security. ...
XEN crypto is different project that proclaims an adherence to the first principles of block ledger. While it sounds nice the "Free" distribution modle has absolutely hammered the price. With that said the minted supply has likely decreased as ETH gas prices have risen, reducing the amount of discounted supply. This is a daily chart that is focusing on the...
Xen has been along time personal favorite and after months of selling pressure from early minters price appears to be on the rise. This is a Daily chart and is up approximately 150% in 3 weeks. Currently price is pulling back into past resistance and if there is a bullish reaction the rally may continue. Current Trading Plan: Hold long and accumulate the...
Being this is a silly crypto meme coin it is hard to say if prices will hold but with that said on the short term still tradable. Risk profile on meme coins is an obvious 100%. This is a daily chart showing a likely complete measured move with a 9 day down trend. Lower time frames are looking positive bringing this in play for a potential retrace and if the...
This is logarithmic BTC chart with Weekly candles showing the pretty consistent market timing trend with near perfection. If there is another BTC mega run to be had and BTC continues to follow the same cycle it has 3 times already the ride to the top typically has more sideways dip action before a real brake out occurs. At the same time 3 repeating bull cycles...
Looking at a daily chart for Tesla we can see what has the potential for being a ABC correction wave from its drop last year. While the current trend is still bullish a lower high or a brake of the last high, grabbing the liquidity above, with a wick back below would be a clear indication that a pull back to the main trend is possibly on it's way. The previous...
The projected down trend from last year with an extreme low value of $70 along with the update indicating it was not likely to brake $210 before declining farther have been very upopular but also very accurate forcasts. Currently Tesla is showing a very familiar and very bullish pattern that will likely lead to a significant relief rally that could certainly turn...
While most of the crypto market is either reaching all times or have retraced into the golden zone there are very few still in the lower portion of the range. CRV is a crypto project that is the litteral foundation of a very large portion of defi. Last years hack sufficently drove prices to the extremes for a mulit cycle recovery. This is a daily chart and...
ICP is project I have never charted but have alot of interest in the "proclaimed" fundamentals behind it. At least the idea of reverse gas fees and universal integration. Mass adoption would be kin to daily use by the general public... Daily use by the masses with Gas fees? Gas Cost? Understanding? Mass Scale? Good luck... While ICP may have some of the...
This is a daily chart of a newer layer one block chain that I personally know nothing about fundementally but was asked to do a "technical" write up. IF the tide continues to rise it tends to raise all ships. Looking at current price action it has already revisited it's highs three times showing strong support from the bottom of the range. Current pull back is...
IF IF IF the market continues up, IMX seems to be another big name project that has pulled back into the golden pocket and approaching braking trend to the up side. Bullish
As mentioned here multiple times BTC has been forming a 25% range repeatedly for quite some time. While there is no way to know when these will come the chart is giving some indications we may be creating one now off the current high. This is a daily chart and looking at the the current high and pulling the 25% range we see nice confluence with the 50% retrace...
One of the most faithful reversal signals in charting anything whether it be financial instruments or anything else is the meausre of momentum. As momentum drys up the trend curves until flat where there is either a renewal of what is driving the trend as it consolidates and ranges or it reverses. This is weekly chart of the market cap of bitcoin versus the rest...
While I have never taken much interest in layer 2 tokens let alone project tokens hosted on these layer 2's. others do and when they do prices rise. Today I received a push notification along with all trading view users that Quick Swap, the top Matic hosted trading DEX, is being integrated into trading view. While such integration may or may not have any effect...
As the rally continues in US markets it is hard to not take notice of the curvature on the larger high time frame trend. It is losing momentum and comming into what should be a pivital area. While there is no way to know how buyers and sellers will respond the loss of momentum signals that what is driving price is slowing and eventually may run out of...