Recently, we've had very positive movement on FORTH. Buying it at $10 would have been an absolute steal for this token. If the bull run resumes, those who hold FORTH will be handsomely rewarded. It's possible we may see some consolidation between $16 - $18 for a little before the next run up. If BTC decides to dump again, then we're heading back down. What do...
After over a month of downtrend to a low of about $9.60, FORTH pumped over 100% to $23+ in a day! This pump seems to have broken out of the descending wedge. Watch for a possible bounce off the top trend line. This token is still very undervalued. I expect a bit of a cooldown before the next jump. I'm keeping my eye on this. This is not financial advice. These...
In the last month, Bitcoin had a daily close with a Dragonfly Doji on June 8th, tapping a low of about $31K. We are now seeing a similar close today, on June 20th, tapping a low of about $33.4K. Bitcoin is closing at higher lows. The whales are accumulating in these zones! If you want to succeed in this market, you have to play the same game that the whales are...
Since May 19th, the top zone shows heavy resistance for BTC, and the bottom 3 lines show whale accumulation zones. Watch and trade accordingly. If it breaks below $30K with full candle closes on the daily, then I'll reassess possible targets from there. This is not financial advice. These are just my ideas and opinions.
1) If BTC bounces off support #1, then it could rally back up toward the $42K area to test resistance. 2) If BTC breaks down below support #1, then support #2 would be the last major barrier for the bears to break through to reach new lows. It could still get a bounce off here as well. This is not financial advice. These are just my ideas and opinions.
Everything follows Bitcoin, which is in the process of re-testing $37K as support. If it bounces and goes up, then alts will follow. For ADA on the 4H chart, we have the blue LSMA line heading down toward level 20, with the red RSI about to cross the upward green ghost line. If Bitcoin behaves, we should see a move up again on Cardano. This is not financial...
On the 4HR chart, BTC has the blue LSMA line under level 20, and the red RSI is about to cross the green ghost line going upward. We might see some upward movement soon. Let's see what happens... This is not financial advice. These are just my ideas and opinions.
BTC is moving up the channel for a possible test around $42K (strong resistance). This is not financial advice. These are just my ideas and opinions.
There's a bullish pennant nearing the end of the large triangle formation. If these patterns are valid, we should see either a breakout or a breakdown within the next day or so. This is not financial advice. These are just my ideas and opinions.
BTC had a pump from 6/9 to 6/10 and is now consolidating in a bullish pennant . Let's see how this plays out. This is not financial advice. These are just my ideas and opinions.
Possible double bottom in play. Wait to see if the support region holds before entering a trade.
1) Hash Ribbons indicator about to flash a buy signal (probably later this week). 2) RSI on the daily was oversold and has bullish divergence. 3) MACD on the 1D chart just had a cross up. 4) Higher lows since the dip to $30K. Let's see what happens... This is not financial advice. These are just my ideas and opinions.
The Fear and Greed Index has hit its lowest rating this year for Bitcoin. We are now in Extreme Fear territory. As Warren Buffet says, "be greedy when others are fearful." When it comes to crypto, I do not panic sell, I buy the dips and hold. These major dumps are due to whales manipulating the market so they can buy in lower. With that being said, due to...
Waiting on a bounce off the trend line to see if BTC will start to recover or if it's a fake out. $30K+ held so far. Bullish target = $42K+ Bearish target = if $30K breaks, then $28K This is not financial advice. These are just my ideas and opinions.
Bullish divergence on the 4HR RSI. I believe $30K is the bottom due to volume spike. Typically when a large amount of volume comes in on a crash, it is usually a bottom. Let's see what happens... This is not financial advice. These are just my ideas and opinions.
ANKR just broke out of the descending channel today, reaching a high of about $.165. It might re-test previous resistance of the channel as support. I'd expect a bounce if it holds. If Bitcoin dumps, then ANKR will most likely fall back into the channel. In my opinion, ANKR is still undervalued. The STOCH RSI on the 1D chart has plenty of room to go up right...
Bitcoin has been iffy folks! Dump after dump, which makes the alts dump harder. High risk = high reward. I changed my chart to a flat bottom since the $31 area seems to have hit twice now. FORTH is starting to squeeze more and more. Think of it like a spring that's coiling up and waiting to be released. Keep in mind, however, if FORTH starts getting full candle...
If FILECOIN follows this triangle and continues to squeeze, I wouldn't be surprised to see something happen by mid May. However, if FILECOIN starts to have full candle closes below the triangle, then this idea would be delayed/cancelled. This is not financial advice. These are just my ideas and opinions.