Chainlink is looking great on the 4 HR timeframe and has created an inverse head and shoulders pattern aswell as coming upto the apex point this wedge! This pattern is very bullish and we can expect over the next few days some really nice movement upwards, keep in mind BTC will drag down or push up the market in most cases. We are holding up on this triangular...
Ethereum is gaining some steam pushing towards that 0.3 FIB level and 50 SMA, the very key thing about the 50 day moving average is when we are in bull market our candles tend to ride ontop of the 50 day and use it as support, this can be seen looking to the very left up until recently. I think once ETH pushes up and breaks this 0.3 FIB and finds support again...
Vechain has recovered pretty well compared to most cryptos right now we are well above the 200 Day MA which is very positive and we are sort of getting stuck at the blue 100 day with 2 bounce offs, aswell this 100 day MA happens to be lining up perfectly with this descending channel that has formed over the past 20 days. Once we see a full break of both the...
Link has performed very well after the "bottom" a couple days ago, we are sitting right on the 0.6 Fib level and aswell moved above the 200 day MA! Tonight will be a big close for link i would really like to see us hold this 0.6 Fib and 200 day MA, then i think we got a good chance of moving higher, but right not everything is riding on BTC with the market...
Bitcoin has been hovering around the 38k level for the past 5 days or so and we are starting to see some momentum coming back. We did bounce off of the 200 day moving average and are coming down a bit, we really need to come back above our 200 day MA (purple) to see more upwards momentum. We are on track for a decent close today a good bit above the 0.5 FIB level,...
BTC and the market has rebounded beautifully from the big correction yesterday, couple things to go over that are bullish aswell as bearish. So very bullish we have regained the purple 200 day MA which is very key, now what im looking for is a confirmed close above the 200 day which is important, if we don't confirm this it technically speaking is bearish. ...
We saw a huge wick up in BTC dominance yesterday due to the massive correction. We have stayed in the descending channel and didn't even close above it, we seem like we are back on track now with dominance falling again. I figure we could see a bounce off of the 40% level but we may not because it has been weakened over the past 5 days. We almost saw a flip in the...
we saw a huge correction across the entire crypto market today, and even a week ago we had a smaller correction. I think corrections can vary in timeframes from a short one to a longer one like we are seeing now over the course of a week. We almost perfectly bounced off the 0.6 FIB level or 30K and now have recovered even above the 0.5 FIB/ 38K. These are both...
Chainlink was cruising at ATH's about a week ago and has since been feeling this market correction, good news though Link has found very strong support, both uptrend support and accumulation support. The important thing is Link continues to make higher lows on a longer TF. I am bullish on Link, Defi and altcoins. We also have good support coming from the RSI...
BTC dominance holding up at the historical 40% level and having a healthy market correction at the same time, in my eyes this lines up perfect for a huge altcoin run soon enough, a big shakeout even getting retail investors out. I believe we are going to see a huge boom when btc dominance falls below 40%, Our 2018 altseason peak was aprx 35%. Remember that this...
Vechain has been in a bit of a cooloff and bullflag since our huge run up, we had a false breakout of the bull flag and we are approaching the bottom also the 0.5 FIB level. I would like to see VET hold this level for our daily close tonight and start to push back up, as you know BTC will drag everything down but once BTC starts to settle ALTs are going to...
Bitcoins been dragging the market down with it for the past week or so, we also have a super important close tonight due to us being a good sum below the 0.5 Fib or aprx. 45K (USD). If we do see another bearish close below this level i would expect a pullback to the 40-41K level or the 0.6 FIB. We are travelling down a shorter term descending channel getting...
BTC dominance is falling more and more while the altcoins start to perform hot, especially Ethereum! We continue to make lower lows with us hitting low 42% dominance, came up a little bit since then but looking very bearish. However i do expect a short term bounce off the 40% dominance level due to it being strong historical support. Looking for a peak for alts...
XRP has held perfectly on this ascending channel on the 4HR TF with no closes below this bottom support, we have lots of room to move up to the 0.2 FIB level. Our Zero Lag MACD recently printed a buy and as of right now our Blue MA is crossing overtop of the orange MA which is bullish if its confirmed, The Red MACD Lead is coming upwards fast and showing no signs...
BTC has been moving sideways on the 0.2 FIB level for 10 days or so and once again we are looking at an important close, Bears seem to be gaining a little power and we might see a drag down if we keep closing below this 0.2 FIB level or aprx 55K. We saw yesterday BTC had quite a dip and brought down the market aswell, we did see a bounce off of the 100 day SMA....
Ethereum dominance has been red hot flying upwards and we have now crossed 20% Dominance for Ethereum! We still have lots of room to run with little to no resistance stopping us from reaching that 0.7 FIB level or 22% dominance. Ethereum also is very close to having the same market cap as JPmorgan's which is insane! People are really starting to see the...
Bitcoin and the whole market has seen a pretty major dip recently and now we're looking at a potential close underneath of our 0.2 FIB Level! If we do see a close below here BTC might drag itself and the market down further. Something to definitely watch is the RSI, This is very very important, If we don't see a recovery above the 50. point and drag down further...
Chainlink continues to perform great against BTC and recently broke through heavy resistance at the 0.3 FIB Level, we are currently underneath this level in a little bit of a cooloff and looking soon to go on another run! What I am most bullish on is the potential Golden Cross of the 50 day MA(Green) and the 200 day (Red), this would be extremely bullish and would...