Mansasuma

Mansasuma Updated 

- momentum on the monthly timeframe for Bitcoin is completely maxed out as evidenced by two things: 1. it just had 7 monthly green candles in a row (a record) 2. stochastic RSI had two 100/100 monthly reads in a row (vertical lines) which is eerily similar to what happened in Q1 of 2021 Unlikely the bull market cycle top is in but very likely we visit the 40 -...

Mansasuma Updated 

- update on this analysis: - I am no longer bullish on XRP as with this recent down move it seems the expansion of this gigantic consolidation could come to the downside - the move is not confirmed just yet however with any HTF close below 0.45 cents it becomes very likely XRP holders are going to capitulate - 2W volatility is at rock bottom, massive move is...

Mansasuma Updated 

- TIA has been in a consolidation/correction for quite a while but it finally seems she is ready for her next leg up - showing heavy support at the 0.382 fib retracement - outperformers will continue to be outperformers

Mansasuma Updated 

- BTC displayed weakness on low time-frames for several times this past week (two previous ATHs retests is NOT healthy) - as it is now currently trading below 2021 ATH level that is final confirmation that the mid-term top is indeed in place - with a weekly SFP of range high, the most logical target for downside is the 20MA (blue line)

Mansasuma

- consolidation range that lasted more than 600 days - with today´s breakout FTM has a free ride to 1.5, possibly 2$ - extremely high probability of outcome

Mansasuma

- complementary analysis to this one where I talked about the XRP/BTC pair - XRP/USD has been consolidating for seven long years, ever since the 2017 top but I do believe the time of consolidation is now over - the moment XRP/USD closes a high tf candle above the upper trendline I would be looking for a nearly vertical move in the span of two - three months XRP...

Mansasuma Updated 

- clear and key market acceptance pivot (orange dotted line) - with a new monthly close tommorow, if we close above it, it makes sense to look for Bitcoin´s next (and potentially last) leg higher - should happen extremely fast Remember though, in times like these it is always important to think clearly: due to how fast this bull cycle has been playing out, I...

Mansasuma Updated 

- a 2019 shitcoin that is now somehow someway almost trading at new ATHs on a wick basis and already trading at new ATHs on a closing basis - with it being an AI coin and looking at what NVIDIA is doing in traditional markets it makes sense that AI coins are going to be the hottest narrative of this cycle - with a setup similar to BNB in 2021 before its run to...

Mansasuma Updated 

- a patch of area that has offered support to XRP˙s btc pair for many years - several red monthly and weekly candles (comments) in a row is unsustainable - a mean reversion is expected to happen between now and May A possible trigger of such an upside move is SEC settlement/XRP spot ETF.

Mansasuma

- inverse head and shoulders formation complete - a trend reversal is in progress - this could be the start of a mega run that sends PEPE to a market cap of more than 30 billion dollars in 2024 - the most likely crypto coin to pull a 100x rally in this market cycle? The one that has already done it once.

Mansasuma Updated 

- follow up on my recent analyses where I wrongly predicted that BTC is not ready for new highs yet and needs more time to consolidate: - it appears that this cycle is indeed different as BTC has already closed a weekly candle above the 0.618 macro fib on its first attempt and BEFORE the halving which is something that hasn´t been done in the previous two cycles...

Mansasuma Updated 

- SPX currently at the magical line of 5k - an asset trading at new ATHs is never bearish HOWEVER there are some warning signs that a diligent investor should be mindful of: - market breadth extremely weak - a handful of (tech) stocks are responsible for almost all of the recent gains in SPX - general sentiment at euphoric levels - 8 biweekly green candles in a...

Mansasuma Updated 

- this chart represents USDT dominance - the higher the dominance, the more bearish the overall market is - with a clear divergence forming for the last three months now it is likely USDT d. finally sees a big reversal to the upside - spot ETF decision by the SEC is likely to be a massive sell the news event hence why I expect the fun for the bears starts as soon...

Mansasuma

- this is a complimentary piece to my last analysis - Bitcoin´s spot ETF was indeed aproved but with a very mild reaction to the announcement it is confirmed that it was already fully priced in - if everyone is long, who is there left to buy? - buying anywhere in the blue rectangle should yield very good results for the rest of the bull run

Mansasuma

- update on this analysis: - since then Bitcoin has rallied strongly in anticipation of its spot ETF pending SEC approval - while the ETF is most certainly going to be approved at this point, it is still probable most of 2024 is going to be a sideways year for BTC - biweekly Kumo cloud represents massive resistance, one that won´t be conquered easily - once...

Mansasuma Updated 

- Bitcoin has been leading this entire market during the recent rally which makes sense as a potential spot ETF approval is a big narrative/upside catalyst - ethereum has been lagging but low-timeframes (comments) suggest it too is ready for a macro break out - with this being a clear ascending triangle, ETH´s upside target is anywhere between 2800 - 3200$

Mansasuma Updated 

- on the back of ETF spot approval speculation, BTC has had a very impressive rally so far - however, with weekly volatility only now expanding and weekly RSI displaying an inverse head and shoulders formation, it is very likely this move has only just begun - personally looking for targets between 46 - 54k - do note that until Bitcoin is trading above the 0.786...

Mansasuma

- update on my last COIN analysis - since then coinbase stock has indeed consolidated and put in the right shoulder of what appears to be a macro bottoming inverse head and shoulders formation - target of the formation is anywhere between 170 - 180 - with COIN projected to increase by almost 60% it is likely such a move comes alongside a big fundamental...