Samoto

The market is in a bullish flag pattern and just bounced from double/triple bottom. We have found strong support! Bitcoin is usually the one that decides the market direction. There is great 1.618 Fibbonaci level to be reached in the midterm timeframe. More strong arguments, detailed explanation and correlation with other indicators coming in the updates. Like...

At the end of July, we predicted what will be happening with BTC in the upcoming months and we were right! Yesterday we even had price manipulation on Kraken. (check RELATED IDEA "catch me if you can") Now we are predicting the next wave coming! More strong arguments, detailed explanation and correlation with other indicators coming in the updates. Like the post...

Hey, guys! Today, I decided to show you the indicator, that tells us if we are in a bull trend and when to buy the dips inside that trend. In these charts, we are looking at a longer time frame and weekly price action in order to see the big picture more clearly. As you can see we are inside our first dip of 2019/20 bull trend. If you compare that to 2016/2017...

LINK has been one of the best performing top 100 market cap alts in the first half of the year. After making all 5 Elliot waves it was time for some correction. It seems now it is the perfect spot for new growth: - we have a higher low (bullish sign) - its located in the area between 0.618 and 0.65 Fibonacci levels (golden pocket) - there is a strong support line...

As you can see alts were on the opposite side of BTC dominance which until some point showed nicely what will happen to alts market. What was that point? It makes sense it was the 5th Elliot wave, which is usually the most optimistic one, where alts have joined BTC in growth while BTC was still growing faster than the majority of alts. Many have been talking...

Why Measure Fear and Greed? Crypto market behavior is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in the irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple...

After breaking the trendline, ETHUSD tries to climb up with the new channel. Best opening position at Fibonacci 0.5 and follow the market to 3.61 at $364 first. Stop level bellow $166.

As you can see from the graph resistance managed to hold for 3 times already! The last dip has been much stronger than the previous ones so it needed more consolidation than the previous ones also. Seems the time has come for the market to challenge upper triangle resistance first and then even previous highs. At the moment we bounced from strong volume levels...

What is the difference between bubble and hype? Hypes are usually local tops inside the greater bubble. As we said before there is a 90% chance we already started the next bubble. For now, we had a hype that most probably finished at the 5th Elliot wave. As you can see previous tops and dips can greatly predict where the next tops will be! 1.618 Fibonacci level...

As you can see from the graph it looks like BTC dominance has reached strong resistance points: - local top resistance - high volume resistance - 5th Elliot wave with five inside waves Additionally, oscillators are overbought: - CCI is showing some divergence also - RSI has a double top in the overbought area - Stoch is also making lower lows in the overbought...

Even if it would breakdown, we have strong support at 9k to produce a fake breakdown. Nonetheless, this scenario has a much lower probability due to other factors so sooner or later BTC most probably won't break down, but break up the triangle! For now, we have strong support and reasons to believe that: - MA100 as support line on daily (strong key level) -...

It is true that markets are sometimes hard to predict and the trader can never be 100% sure about the prediction. However, when we go up soo many traders are calling new highs and when the price dips it looks like the end of the World is coming. "Buy low, sell high!" tells us that if the price makes a strong move down we should more times call LONG than SHORT. In...

Why are you so serious, darling? I know it's finance but we should have some fun also, shouldn't we?! ;-) Yes, mam! btw: This is more than just a piece of financial advice! :) Wonder how many will appreciate it?

Often I hear from some other traders how we can not buy since there is "no volume"! I don't think so since it makes sense that there is "no volume" (yet). That can be good, not only bad! Usually, the volumes are the highest at the low and the top of the hype. In between, they vary a lot since the situation is not that clear. A lot of uncertainty starts to...

Are you ETH fan, believer or investor? Either the answer is yes or no in both cases it's nice to buy low and sell high, isn't it!? We wrote a lot about Ethereum potential already. You can find an additional explanation in link to related ideas below. Do you think low volume is the problem!? Wait for our next educational post and check it out to see the...

We wrote about Binance going bullish vs USD nearly 2 weeks ago (check Related Ideas). Is it going bullish vs BTC also? Binance is well known as being one of the largest if not the largest crypto exchange in the World. Binance coin is one of the coins with clear utility use. You can even use it to pay your trading fees on Binance. Probably now it makes sense to us...

Lately, there has been a lot of buzz about BTC! Will it breakout or not? In the end, it did not as we predicted with the accuracy of a surgent in our most viewed post till now that you can find in RELATED IDEAS. Here is a nice school example of how ETH does the breakouts and probably similar pattern will be played in the near future. We will write more about that...

Today CoinMarketCap shows how bitcoin is not really moving (0.01% in green ATM) but altcoins are starting the party! Or maybe not!? Well, let's check the largest one - ETH +4.16% up daily ATM. Ethereum looks bullish on daily also: - strong divergences on different indicators (1day) - nice price action with a higher low (3rd one) - whales manipulation on the...