A while ago I made several analyses on BTC where I discussed the potential bear-flag, and the huge bearish trend line that we recently broke out of. Bear-flag: Re-testing trend line: Around two weeks ago I noted that there was a probability for BTC to have to re-test the bearish trend line before it could continue the bullish reversal. As of yesterday, we...
A while ago I made an analysis on ADA. In this analysis I stated that ADA was trading on and around a very important area of support. This area has been holding strong for almost a year. As of yesterday, ADA fell through the support area. The fact that this support didn't hold indicates to me that there's more selling to come. If BTC remains weak as of late, I...
Like many other alts, FTM has seen strong downward pressure over the last couple days. However, the end of the sell-off might be closer than we think. FTM has entered the support area of a huge horizontal channel, which dates back to late October. These areas offered resistance and support on multiple occasions, so there's a decent probability that it will...
A while ago I made a post where I argued that BTC was on the verge of breaking bearish. In the case of a bearish break out, more downside was to be expected. See below. After a terrible weekend, BTC broke the bullish trend line and is back in selling territory. At the moment, the only thing that can (temporarily) save BTC is some good macro news. Russia pulling...
Since early February, MATIC is selling off. The last leg down has completed the head & shoulders pattern. This pattern is classically a bearish continuation pattern, so the expectation is that there's more pain to come. In case of a prolonged sell-off, we might re-visit the summer-21 bear market lows around the $1 mark. A very big sell-off of BTC needs to happen...
After seeing a period of moderate gains, BTC has taking a nose-dive in the last couple of days, erasing two weeks of bullish price action in the process. In case BTC will fall through the support line, I'm expecting that the current pattern will end up as a bear flag, a signal for more bearish continuation. Tomorrow needs to be green in order to give traders some...
After seeing a lot of bearish pressure in the last couple of days, MANA has arrived at an important support area. Assuming that BTC will not drop much further, I see a decent chance for MANA to regain some bullish momentum and follow this triangle pattern. Target is the top resistance of the pattern. Happy trading!
SAND has been trading in a parabolic bullish channel for over a year now, with no stopping in sight. Assuming that we have more down-side, I'm expecting the lower support trend line to offer a potential bounce opportunity. Wait for the bounce to be confirmed before entering a trade. With a bearish BTC the support will not hold. Happy trading!
A while ago I made an analysis on GALA and the classical bubble pattern it was trading in. GALA ended up almost gaining +130% since my first post. Can LRC follow suit? As seen on the chart, LRC has thus far failed to see a strong move towards the mean value. Assuming that the market's perceived risk will soon normalize again, LRC could see some strong gains...
AVAX has been trading in a strong trending bullish channel since bottoming around 4 weeks ago. With uncertainty coming back to the market, I'm eyeing the bottom trend line of the channel for a potential bounce entry. Keep a close eye on BTC. In case of further downside, we're likely to fall through the channel. Wait for confirmation before entering a...
XRP has been seeing very decent gains earlier in February. However, since then the market has been under a bit of distress. XRP seems to be holding up quite well, further reinforcing the bullish narrative. Since this is a bull-flag pattern, there's a higher probability for a bullish move. In case of a break out of the pattern, I'm expecting a bullish move towards...
NEO has been one of the bigger surprises of the last couple of days. Where most coins struggle, NEO seems to shrug bearish sentiment off and continue the bullish trend. For now. Assuming that BTC will not drop much further, I'm expecting NEO to continue to go up. Be patient and wait for BTC to consolidate before looking at NEO. Long-term I'm still bearish on NEO...
FTM has been trading inside the current range for over a month now. With the market reversing, FTM has made it out of the lower bounds of the support area yet again. Seeing the shift in price action and sentiment, I'd wager that the current move can keep on going for a couple of days. Targets placed at recent tops, see blue lines. Happy trading!
As you might have seen in my previous analyses, I've been following KCS's bullish correction every step of the way. With the big reversal over the last 24 hours, I think that the higher low has definitely been set and that more bullish price action is coming our way. In my previous analysis I marked the $21.2 area as an area of resistance. This was also the...
BTC seems to be in the later stages of an inverse head & shoulders pattern. This is classically a bullish trading pattern. This analysis aligns well with my previous BTC analysis. The first break out towards $45k went too quickly, and we needed some time to cool down. Wouldn't be surprised if we went only up from here on. However, there's always risk of...
A while ago I made an analysis on GALA. This analysis was very short-term and aimed for a reversal trade. In the previous analysis I wrote that I was waiting for a confirmed reversal from the channel's support, which never came since we fell right through on bad CPI data. Since then, GALA (and many other cryptos) have been trading fairly bearish. GALA has been...
SHIBA has been trading slightly bearish for over a week now, just like the rest of the crypto market. However, SHIBA is the first one to break out of this bearish pattern, which might indicate that the rest of the market will soon follow. Be aware that this break out is still in a very early stage, whilst the rest of the market is only trading slightly bullish...
ETH has found support at a bullish trend line which dates back a couple of weeks now. The prices are moving slightly bullish, so no immediate danger of more bearish price action. However, the state of crypto and stocks remains neutral at best, so there's more potential downside for the coming days. In case we fall through, I'm expecting a fall towards the $2700...