The BTC price action almost perfectly follows our bullish scenario from 5 days ago. My idea here:
The current pullback is nothing but expected and I think it has nothing to do with the Senate voting for the proposed $1.2 trillion Infrastructure bill and the...
Let's go to BTC and see what it is up to lately.
BTC is at horizontal resistance, which is where the big Head and Shoulders pattern has it shoulders formed. As you know, this figure was invalidated back in early July when the leading cryptocurrency made a fakeout that triggered the latest uptrend.
What is more, we are the the...
It's been a long time since I last posted something, but that doesn't mean I was out of the markets. On the contrary, but I needed some time focus on some side activities in and out of crypto and those consumed my time.
ETH was performing really great since it last touched $1,700 two and a half weeks back. It is now flying on the expectations that the...
Litecoin is looking interesting as it continues to trade in a symmetrical triangle figure without being able to break in either direction, still it is rarely registering big losses %-wise compared to the rest of the majors. The price is now hovering around the March correction low of $170 and the POC line (Point of control) and is ready to reach the break...
As discussed in the past, BTC was trading below the lower boundary of the downtrend corridor, which was built as an extension of the diamond pattern formation from early May. That figure preceded the Bitcoin crash.
The BTC/USD pair, however, managed to break above it three days ago for the first time since May 19.
So, what we have currently is the...
One month ago I posted a bearish scenario for BTC where the potential diamond formation could drive its price below $40,000
What we see today is that even though the coin dropped below the projected support (January peak) and turned it into resistance, so we are now...
SOL has been on a pretty solid uptrend recently. The coin last bottomed at $25.5 on 30.05 and since then has rallied more than 70 percent to the area above the $40-$42 resistance zone.
If we zoom out we will see that on the Weekly timeframe the SOLUSDT pair respected the long-term uptrend and did not allow a break blow the 21-period EMA perfectly...
I'm looking at BNB lately and I think it has a potential to once again reach its all-time high in the short-term if the overall market reversal to the upside is confirmed. We need BTC to do that and re-take $42,000 first.
Going back to BNB, during the last rally from March/April, the coin increased by 200 percent thanks it's solid fundamentals, but also...
The market is heartbreaking for bulls these days, but not for those who manage their risk properly and hedge their positions. Or those who expected the reversal to the downside.
What I'm currently looking at is for an exhaustion of the selling pressure that will lead at least to a short-term retrace and open the door for long position opportunities...
The Fantom coin is looking for a breakout vs both BTC and USDT and it looks really good.
First, on the USDT pair (main chart here) we are in a Falling Wedge pattern, touching the demand zone . The price reacted perfectly, so once we break out of the formation. we can expect a solid upward movement.
First Target: at the ATH - 44 percent from the...
Few days ago I shared an idea about a potential bearish reversal triggered by the Diamond pattern on the daily chart.
Now the situation is that the pullback is a fact, but it's mainly triggered by FUD events, which usually don't have long-term effects on the price and...
In the light of the upcoming Kusama parachain auctions, I think it's quite reasonable to get involved in KSM. Even more when the technicals are pointing to an imminent breakout.
I will be looking for a 4-hour and 1D candle closes above the $570 levels with next target at $740, 30 percent from here.
Possible retrace to the $480-$500 support zone, around...
Just a quick thing I noticed on the BTC chart today. I know it's not a perfect diamond put can put definitely consider it a food for thought given the recent weakness from BTC.
A potential break below the lower boundary of the diamond pattern will drag the price of BTC down to $41,000, which is roughly a 23 percent correction.
The DOTUSDT pair is finally ready to break out of the big old range after hitting its lower boundary (demand) three times. The consolidation period is over and we have a soon-to-happen break of the horizontal/diagonal resistance cluster around $41.
Next targets are on the chart with the above-mentioned resistance set to become support.
XRPUSDT pair here.
We hit the newly established demand zone around $1.35 twice already and I think the pair is ready to resume its uptrend after the consolidation. What I expect from here is to break above the $1.60-$165 resistance area , so this will be our trigger.
First target - at last visited high, then the previous resistance should turn into...
Quick idea here
The CAKE/USDT pair continues to move in a short-term downtrend. Now the bull flag pattern has reached the previous horizontal resistance (and our target from the initial call when the price was $22), which turned into support. From here I expect a reversal with the next target marked on our chart.
The daily chart is in line with the...
In the light of the recent very good breakouts against BTC (ETC,LTC,BCH etc), I would like to put your attention on another interesting pair.
This is the YFIBTC (Yearn.finance), which is looking pretty interesting.
First we go do the 1D timeframe where we saw the coin bottoming around 0.58 at the end of March after an exhaustive downtrend and a...
BTC failed to break above the upper boundary of the $56,000 - $59,500 range and is currently trading even below the $56k level. The move prevented the biggest cryptocurrency from reaching the March high at $61,100, which brings some painful memories of the 2017/2018 market reversal.
Let's have a look at the 4-hour chart from December 2017/ January...