After expension follows consolidation and a dead cat bounce :P Bitcoin dumped pretty hart yesterday and consolidated today in a range. This means many trade positions entered the market which will addd fuel as soon price starts to choose a direction. Based on that inefficient move yesterday I assume that bitcoin will bounce in the next 24-48 hours in order to...
Sand Chart looks super bullish in contrast to rest of the altcoins. It is a fairy tale that you should take profit from runners and invest the profit in coins that are heavily dumped. A started train is not so easy to brake... best example are Solana and avax from this year. I assume at least a standard 1.1 extension ->5$
Beside the strong fundamental network news with solana ist BAT/BTC Charts looks extremly interesting. The Daily is trying to make a higher low which is the starting point of any bullish run. Asson as the blue diagonal gets crosses on the daily timeframe I expect a bullish run for BAT.
>session close >falling wedge price action >first test of flipped S/R >bullish narrative
XLM I remember like it was just yesterday.. XLM, LINK and REQ were around 0.20$ in 2017. all pumped up to around 1$ and retraced back although the fundamentals of XLM area BIG. like the ones of Link and yea.. Link went omega moon. More reason to think that XLM price is undervalued AF. Technically this is a A+ Set Up. Diagonal Break and now bullish...
Long Consolidation above previous All Time High is always a bullish sign in a bullish environment. I am Spot long from 32$ and assuming new all time high in the next weeks/month. Fundamentally this L1 has big News events in comming which will lead to higher demand. Follow my Twitter for Updates
nice accumulation range that should lead to expansion
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based on bullish structure i expect a new All Time High soon possibly some dirty wicks, hence spot is the better (than leverage) play
Ultra Bullish Moving Average consolidation on High Timeframes. Trend should contrinue from here.
in the following, i discuss bullish and bearish scenarios for bitcoin any why i am strongly leaning towards the bearish bitcoin scenario. i analyze the chart top down which means I start presenting the weekly timeframe chart and work my way to lower timeframe charts Weekly Timeframe: >bearish engulfing >RSI divergence ---are signs that a local top is possibly...