Quick chart to add on my EOS/BTC analysis I just published.
Check it if you want more details on how to read the above chart.
We are approaching the historical lows.
Will they provide support ? I don't know. I only know it's finally a good time to start looking for trades on LTC and some other majors.
This could look like a cycle bottom.
- Bouncing on previous cycle low after a fakeout down & reclaim.
- Price making a W on the weekly timeframe.
For the first time in 4 years, EOS could be primed to outperform BTC.
This is a weekly setup. It could take months to develop.
Lines marked "M" are monthly S/R and can be used as TP prices.
This is a macro...
My previous article did not catch much attention (5 Likes, 0 follows :P) , but I'm updating it nonetheless :)
Chart shows a potential reversal here, but until proven otherwise, I'm expecting the trend to resume (down).
And BTC & the rest of the market to continue up.
Here's the link to the original idea, it explains what we're watching (inverse...
This analysis has most probably been done before, I haven't checked.
This is what I've found while charting the DXY (US Dollar index, shows the relative strenght of the dollar against a basket of other currencies).
Like many assets, Bitcoin has been doing great against a weak dollar, and it has been doing poorly against a strong dollar.
That's what you can see...
Just a quick chart to show why I'm cautious with shitcoins at the moment.
The SHITPERP index is a basket of 50 binance shitcoins.
Indices are interesting to trade : they have a more consistent price action, and are more trending than individual shitcoins. Also, they can be leveraged if one wishes to.
This index is quite new and lacks history to make solid...
Hello everyone, it's been a while since I last posted something.
I usually deal with long term TA & FA stuff, but since this BTC bear market is taking forever to end, I thought I'd share a few of my altcoins trades.
My view on the crypto market has not changed, and my analysis can be read in the link below.
Anyway, here's my chart for ALGO. We have a clean...
Hello everyone. I'm back at the writing table, looking at things from a distance as I like to do.
The main chart does not look like what I wanted. To make it look as I had planned, please minimize the indicator (pull the middle line towards the bottom)
Today we'll be looking at how price has reacted to previous ATH Monthly candle closes.
Before that, one word...
A few people asked me why I mentioned the 7500 to 8500 $ prices to buy bitcoin in my macro analysis of BTC cycles.
I'll elaborate a bit.
Please don't take the arrows on the chart seriously, I'm a terrible analyst. This is just a general idea of where the price could stop (high and low). I mostly want to show the support areas I'm about to discuss.
1) First, we...
Part 2 of my humble analysis on the current cycle.
In the last article, I used some data to help understand when the Alt seasons occurred in the past, and -hopefully- when to expect them.
In this new article, I'd like to show how the halving has affected prices in the past, in the hopes that it can help predict the next cycle.
All this analysis...
To all of you on the crypto market since april 2019 and before, you've probably done your math.
Unless you're a very active trader, Altcoins have yielded less results than bitcoin in the recent months.
So we all know that but I thought I'd show you some graphs.
From the graphs, we'll see when we can expect an alt season. Of course there will...