Just a reminder, that in crypto, whatever is currently trendy and hyped is very highly likely an organized endevour to propel the price high in order to create an exit strategy for someone. To all the bagholders who bought these highs, if you imagine that it will bounce back - accept it won't. Ever. It will likely continue going down until it loses 99% from the...
SHIB-USDT seem to have bottomed out on the 1d and 12h charts. I believe we're in for a 10-12% upswing by end of the week. After that, there will likely be a bigger and more noteworthy move up.
Reminds me heavily of XRP and IOTA of 2017 bull cycle. Both of which ended the cycle at over -90% correction from ATH. In 2017, both of these shitcoins have been pumped violently to their respective ATHs by aggressive marketing and aggressive market making (straight up throwing money at orderbooks to make number go up). This looks about the same. Entirely FOMO...
Another bounce is being prepared, looking like a smooth 20% swing back up to supply area. It may take a few days for this to play out so be patient.
There is a huge gap between last high (May) and current accumulation band. But, let's be patient. During the last run-up it really took a while to get moving, so this time let's be patient and monitor it. Putting this one on the watchlist.
Bitcoin-USD market pair has corrected down predictably to previous support. Judging by the market moves of this morning it is rather clear that market makers will make this a temporary bottom and are looking to wick up in order to kill the late shorts. Bounce to area between 60 and 61k is expected.
Even a brief look at the chart shows that this range, just under $300 is long-standing support. I believe COMP will again be accumulated here and distributed in $350 to $375 range.
With XMR-BTC bottoming out and looking like a pre-pump, and BTC-USD still looking kinda bullish in the short term we can expect a bullish brakeout on XMR-USDT. tp1: $295 tp2: $319
SHIB has broken out of a consolidation which followed after a correction. This swing is to capture it's re-test of the former weekly pivot.
Expecting doge-usd to hit 0.33 or 0.34 by end of the week. Doge is pumped through doge-btc, and that is why these moves are so violent and seemingly sudden.
After months of bleeding XMR seems to have found solid bottom against BTC in this range. There are indications of accumulation in this price range. If the general crypto market stays bullish, we can expect a 20% bounce from this level as short positions get taken out.
Looks amazing, seeing this re-accumulation here it seems that pump in May was merely a test pump. I expect next move to land somewhere between $1.8 and $2.5.
Everything looks set for a violent and fast bounce to former range, should land between 2.15 and 2.17. After that it will likely continue trending up.
Speculators had a field day recently with oil futures, but is it time to cool down a bit? I see potential for a scalping short here, but it could be just a begging of a deeper correction.
Checking weekly, bi-weekly and monthly charts. Obyte-USD is in compression for 1078 days, which is just under 3y. I reckon that December will be explosive for this market pair and Obyte-USD will be trading between $200 and $300.
Lovely intraday play. Eth-Usd is topping out exactly as expected. Now we can start shorting. First target is 3800ish, after that we are looking to short down to 3400.
Chart looks good for a 20%ish swing trade (long) on Litecoin against USD. LTC-BTC is basically at all time low, and this goes in favor of this trade as even a minor bounce on ltc-btc could yield a decent pump on ltc-usd. Especially if Bitcoin stays bullish against USD. Keeping my eyes open as Bitcoin looks like it's about to turn around and get into a steep...