OP has been trading inside this bullish channel for around 2 years at this point. With OP (and the majority of alts) falling over the last few weeks patient bulls are again in luck. I'm looking at a relatively safe trade from the bottom support, with a stop below the previous long-term swing low. Target at 7$.
Preface: BTC's long-term trend is till bullish, so most likely scenario at this point is a continuation of the trend. Still, it's important to consider different views. Bitcoin has been trading within the 70k-60k area for the better part of three months at this point. This came after making a (minor) new all-time high. This is the first all-time high that occured...
Just like most alts, WLD has been selling off over the last weeks. However, we're now trading at an RSI of around 26 points on the daily chart, which implies strong oversold conditions. This analysis is based on the idea that WLD will bounce in the near future. I keep the target relatively close because the longer-term trend is still bearish.
After yesterday's sell-off I started to wonder what would happen if BTC would fall again and how the price action would look like. If BTC were to go down again I'd look for a retest of the 61k-60k area (purple dotted line). This area has proven to offer strong support, and can be a stepping stone for an inverse head & shoulders pattern. Keep in mind that BTC...
In this analysis I want to take a look at an indicator that is not often mentioned, but can say a lot of interesting things about the current state of the market. Note: we only have a population of 2 (N=2) to look at and deduce information from, so take it with a grain of salt. The indicator in question is the value of TOTAL3 (total crypto marketcap minus ETH...
In this analysis I want to discuss a (most likely) unpopular view on the market. Namely, that the "cycle" is already over and that the peak is in for now. Preface This is not my most likely outcome for the markets. You can find my most likely outcome below: Still, it's always advised to keep an open mind and explore different potential outcomes. Overview...
Introduction In this analysis I want to take a closer look at Tradingview's newly released BBTrend indicator. It's an indicator on the widely popular Bollinger Bands. You can find more information about the indicator here: www.tradingview.com Indicators are nice to use, but the most important question remains whether they are useful in trading or not? I want...
In my most recent BTC analysis I talked about a pending break out of a bull-flag pattern. My previous design was not the one the market agreed upon, so had to redraw the bottom support. As expected, the price is breaking out through the top resistance as we speak. Wait for the candle to close for confirmation. My view is quite bullish, so I'm expecting this...
Bitcoin has shown that it's ready for a new all-time high by printing relatively big green candles over the last 3 days. However, the 73k-74k area remains an area of big resistance. Previous buyers are looking for an exit, whilst patient bears wait for the perfect short. My best guess is that Bitcoin is going to trade around the purple area for a couple of days,...
Just like my recent CYBER analysis, MAV is trading within a bullish channel. I'm anticipating that the low is in (for now) and that the most likely path forward would be a continuation of the trend. Target at the top of the channel or 1.25$, stop below the recent swing lows.
CYBER is a relatively new token on the Binance exchange. Since it's inception, this token has been mainly going up inside this bullish channel. After a recent touch of the bottom support, it would theoretically be a great time to step in. Target at 22$, stop just below the recent swing lows.
WLD has been trading alongside a bullish trendline. This trade is based on the idea that this bullish support line will hold and cause the price to reverse from there. Stop just below the May lows, target at the current all-time high (ATH).
BNB has been making some extraordinary moves last cycle, where it bottomed around $4.5 and made it to $700 during the next top. Looking at the chart, we can clearly see that BNB follows a bullish channel pattern. My assumption is that this channel will hold and that BNB will make a move towards the top of the channel. $10,000 is possible, it's a "mere" +5,000%...
After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again. Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish. Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some...
In this analysis I want to take a look at a long-term pattern that BTC has been following over the last few years. In my eyes, BTC's price action closely resembles a cup&handle pattern, which is a bullish break out pattern. Assuming that the handle's low is in, we can place our stop right below it. Target at 150k. Be aware that the pattern has not yet been...
After a month of trading below the diagonal purple resistance line, AVAX has finally broken out. The break out was accompanied with high volume, further reinforcing the bullish narrative. My expectation is that there's going to be some kind of altseason in the coming weeks, boosted by Ethereum's ETF optimism. For now, the signal on chart is my bet.
In my last BONK analysis I discussed the bull-flag pattern and the expected reversal from the support. The trade was a great success, congratulations! Since we broke through the resistance on high volume, I'm expecting that BONK will make a move towards the 5000 area (March top). If BTC manages to make a new all-time high in the near future it can mean that...
Memecoins like PEPE, Bonk, Floki etc. have been performing extremely well over the last few months. Their usecase is debatable, but does that really matter when a token rises 1,000%? Where most memecoins have already seen a massive upwards move, HONK has seemingly just started after it rose over 150% over the last two days. With a marketcap of around 5 million,...