Mansasuma

Mansasuma Updated 

- for the past three months, Litecoin has been forming an extremely clear daily range - now trading below range low and, furthermore, range low has been re-tested and rejected as resistance - target almost 40% lower which implies a strong downside move is around the corner for the entire crypto market

Mansasuma

- there is a reason this bull market cycle hardly felt like a bull market at times and that reason is ETH underperformance - with bitcoin breaking down, it seems likely the two year long underperformance for ETH is crowned with a single capitulation event that wipes out even the strongest of believers - price action in an ascending broadening wedge, same goes for...

Mansasuma

- complimentary analysis to my last one: - it is unusual for ATH breaks in crypto to get re-tested, let alone violated, forming a deviation - this, so far, looks like a macro deviation/failed breakout and, pending weekly close, the most logical downside target would be erasing the entire Trump rally and taking liquidity below - a move of that magnitude on TOTAL...

Mansasuma Updated 

- follow up on this analysis: - this range has been forming for the last three months and with this latest move, Bitcoin is very close to confirming a much larger move to the downside - HTF volatility at rock bottom (comments) so the firepower for a big big move is present

Mansasuma

- Solana weakness is dragging down the entire market and especially its ecosystem related coins - JUP has been testing a single demand block for a long while now and the more time demand is tested, the higher the chances it breaks - ascending broadening wedge on the RSI (bearish pattern)

Mansasuma Updated 

- bearish distribution pattern - a lot of the alts are in this exact same pattern (Algo, Doge etc.) - pattern confirmed with a daily close below 70 cents with a target of almost -50% lower

Mansasuma Updated 

- one of the extremely, extremely few altcoins that actually trades constructively - perfect retest of range high

Mansasuma Updated 

- follow up analysis on USDT D. chart I posted yesterday - the two have an inverse correlation so if USDT D. is making new all time lows, Bitcoin is making new ATHs and vice-versa - with USDT D. threatening a range breakout it therefore makes sense to watch for signs of weakness with Bitcoin itself - yesterday´s rejection happened right at the 0.618, making a...

Mansasuma Updated 

- update on this analysis: - usdt d. has been rather tricky to play, with support box holding a number of times - with this latest upmove all upside targets on usdt d. have been met however and with the 2W star cross happening soon, if btc wants to break to the upside it should do so in the next 14 days - projected target north of 140k should that happen

Mansasuma Updated 

- clear inverse head and shoulders pattern (bottoming formation) that has been forming for several months now - higher beta to Ethereum so if ETH manages to break out from its potential falling wedge pattern (comments), LDO should outperform

Mansasuma

- bearish distribution formation - pattern present on the RSI as well - not the only alt with such a signature - confirmation of the pattern with a daily close below 0.34 cents with a target roughly 30% lower

Mansasuma Updated 

- this bull market cycle has been extremely difficult to navigate in the sense that altcoins are most of the time trading like crap with sporadic bursts to the upside - most of that can be attributed to eth/btc being in a macro downtrend - the chart of OTHERS is in a clear distribution formation and pending a daily close below the neckline the descending triangle...

Mansasuma Updated 

- clear demand block on USDT D. that held as support which in turn sent the crypto market into a corrective phase - with another approach at support it is likely this time the area breaks - should that happen the entire crypto market explodes higher Confluence on the 2W timeframe as the star cross is about to happen and price likes to test it (comments).

Mansasuma Updated 

- after a 75% drop in price, GOAT is at an area of value in terms of R:R - the original AI meme/agent coin - in a falling wedge that likely gets resolved to the upside - lower timeframes are extremely constructive (comments)

Mansasuma

- update on this analysis: - as expected the head and shoulders pattern on Bitcoin did not work out and acted as a bear trap - with 5D volatility extremely low and with Trump stepping into the office in 3 days it is now highly likely we get a strong upside move - confluence with usdt d. that is likely to retest its 2W star cross very soon

Mansasuma Updated 

- Bitcoin in a clear head and shoulders formation and with the recent 12H close the pattern is almost confirmed (daily close full confirmation) - normally I would be very sceptical of such patterns as they tend to be bear traps in an overall uptrend however this one might be different for two reasons: 1. btc´s top has been put in on Dec 17th (historically very...

Mansasuma Updated 

- long consolidation that has been resolved to the upside confirming re-accumulation - weekly anomalies (white stripes) have been nothing but buys which indicates the health of the overall uptrend - confirmed break of the head and shoulders formation on the SPX (comments)

Mansasuma

- follow up analysis on this one: - Total new ATHs indeed marked the top of bitcoin dominance - for the past two weeks or so bitcoin dominance has rebounded however it is becoming clear that the rebound is likely to form a lower high - while alt/usd valuations will still depend on bitcoin´s direction they should soon suffer less when bitcoin is falling and...