Every day the BTC chart begins to tell a story that only gets clearer by the day. When rich men have goods to sell they advertise and when assets have been distributed into primarily the hands of the public the public runs out of money and begins to sell. Given what I see on these charts I find it no coincidence that the richest institutions are magically...
While crypto is an emerging technology sector as a whole, it is important to remember that BTC is a maturing 13-year-old asset. Using a logarithmic chart of Bitcoin going back to the beginning, it is not hard to see the perfect curvature of price action as it searches for its fair market value. Simple line tool measurements of the time vs. price increase of each...
XEN has been a tricky project to track on the chart. As the supply slowly increases with minting lockups ending at random times a true bottom or cycle is probably not possible to forcast BUT buying and selling patterns certainly are. This is a daily chart and looking at the wave trend oscillator we can see momentum curved to the downside and is hitting an area...
CFX is another project that pumped hard at the bottom of the bear market indicating it will most likely be a big mover this cycle. We will do a macro analysis on this soon Current Trading Plan: Stop loss is a little wide for a possible reverse head and shoulders. 10% or laddering in down to the stop loss area. Target 1 will be 50% retrace of the last swing and...
INJ is one of the crypto projects that bounce the hardest when most tokens appear to have found their bottom. We will do a macro outlook on this shortly. Current Trading Plan Long entry from current level with a stop loss invalidation area around 5% Target 1 will be a measured move that aligns with a 50% retrace of its last swing for approximately 13% to the...
This is a 4hr chart for DOGE and like many others is showing signs of a reversal to the upside with money flow trending up and heavy bullish divergence on the 4hr. Current Trading Plan Long entry from current price with a partial stop loss below the first white uptrend line and a full stop loss below the lower white trend line. Total risk 3-10% First target...
This is a daily line chart of THETA and looking at the wave trend oscillator we can see as price has been coming down for the past weeks money flow has been rising and the wave trend also pushing up. Current Trading Plan 3-5% stop loss invalidation area from our current level Target 1 will be top of our fair value gap approximately 12% higher at .710 Target 2...
XRP is currently a little harder to read but with many other assets looking like they are ready to turn bullish on the smaller time frames xrp is no different. The daily is also looking bullish for xrp but no bullish divergence on the daily nor the 4 hr. This is an hourly chart and here find some bullish divergence with what is a hopeful new low. Current...
Momentum on the daily appears to be rolling to upside on many crypto assets and ADA is looking to be the same. Price has filled in a large portion of a previous wick down in a long tedious down trend that appears to be forming a double bottom with bullish divergence on the daily momentum oscillator. Current trading plan is a long entry with a wide stop loss of...
This is a daily chart of XLM and price appears to be making a double bottom with money flow rising from the red and divergence nearly confirmed on the daily. Current trading plan is long entry from current price with a 1-3% stop loss invalidation area. Target 1 will be a 1/3 retrace of the last swing for approximately 5% and the second target will be the center...
DOT is not a project I have followed very close nor really into but looking at the chart it appears to be ready for a potential retrace to the upside. This a daily bar chart and looking at the daily on the momentum oscillator we can see that our current swing low confirmed some pretty heavy bullish divergence and now the next wave is about ready to close higher...
We have seen a nice rally after some a significant drop over the last couple weeks. Currenly we find our selves in a position where we must make a decision. Is the market truely ready to move up, stuck in a long side ways range, or ready for more downside. This is a 4 hour chart and price is currently rounding over at the down trend line and displaying...
As the market cools off the magical question is when will it end. BTC has been in a down trend for over two months and sideways for even longer. IF we consider how far price has retraced since its 15...k bottom so far we have only retrace 1/3 of the swing to the upside. With that said at each stop along the way down price will rally and each rally has the...
Watching btc and eth the past few days we have been losing momentum while price has been rounding over flat. This is a clear indication that the trend being observed is exhausted. Unfortunately this trend has not pushed up into higher territory before turning back to the downside. As such a large drop in price may be in order. As with btc currently targeting...
Miracles can always occur and there is certainly more profit to be made on upward price action but if BTC is going to see a continuation if it ever needed a miracle it's now. Price is not always driven by the technicals but its the only real tool one has to use in attempting to forcast future price potential. Currently the technicals are far from in the favor of...
Since braking its long running macro uptrend sol found support and has came back up for the retest as expected. The question is will the brake of trend be confirmed with hard rejection to the down side or will the level be reclaimed for a continuation to the upside. This is an hourly line chart and we can see price has pretty much retraced nearly all the way for...
So as posted in the trading view ideas chart yesterday SOL officially broke its LONG running up trend and seen a decent drop. Crypto has seen some of the most bullish news of its entire lifetime in the past couple months and yet the price only goes down. If people haven't figured out they are still in a bear market for now at least at this point it is willfull...
Very simple chart with a very simple point. IF sol doesn't see a bounce immediately it will have officially broken a long running uptrend since its inception. The rest of the story tells itself. Trade Well.....