I just want to throw this out there and let people know that an ascending channel exists and while we may have gone below the ascending channel I thought it would be interesting to consider this scenario. I’m not predicting this will play out. It’s just an idea for entertainment. I’ll share another post after this and I want you to see how these two ideas rhyme...
This scenario is a possibility for the long term, but I have no evidence to support such a scenario. I just know the next few weeks are gonna be crucial for this idea to hold. DXY is headed for the resistance line of the descending channel and a breakout + a successful retest of the breakout will cancel out this possibility.
XLM has to go through lots of s***t to regain its dignity against BTC. The pair is currently trading within a descending channel. Upon confirmation of the bullish divergence on the weekly RSI and a breakout from the channel, I have set my sell target for the pair between 0.000014 and 0.000015
I just wanted to share what I’m seeing on the XLM/BTC weekly RSI chart. If I’m not mistaking a bullish divergence is forming on the weekly RSI indicated by the lower high forming on the RSI chart and the lower low formed on the price chart. Honestly we can only confirm if this is a bullish divergence if the RSI does not go lower and keeps rising from here.
The trend is your friend and the btc moon boys are your enemy. There’s not much going on here. A broken uptrend and a 48% as the initial target. I can’t say where we will be heading after 48%, I just know the trip from 53 to 48 is a good sign for the enslaved alt coins.
XLM market cap dominance has broken out of a 5 year old falling wedge and it is currently retesting the breakout. We will find out in the next few days whether it will be a successful retest or a failed breakout. For a successful retest we need a violent spike in the market capitalization relative to the rest of the market.
Just posting this because I think this is a pretty example of a rising wedge. The retest is spot on.
Old resistance has turned into support indicated by a successful retest. Target 1 is the first resistance level ahead and target 2 is the second resistance within sight. Upon closing above target 2 with a successful retest it is appropriate to use Fibonacci extension to identify potential targets.
History says we are one weekly candle away from 1.5-2 dollars. History also says crypto market is enslaved by btc. So if btc goes down all the slaves (alts) will go down with it.
The principle of logarithmic regression trend doesn’t lie as long as it is drawn properly. My regression trend lines have a degree of uncertainty and I don’t think the margin of my error is more than 20%, which is enough for me to trust this trend. This chart pattern is simple mathematics yet we see many people analyzing BTC assuming it’s a linear chart. We’re not...
This is a simple idea. Price is stuck in a range. The range is shown in blue. If price closes above this range, it’s a buy signal. If price closes below this range, it’s a sell signal. You’ll see a lot of Nostradamuses on trading view predicting prices from left and right, but i advise you to not listen to them and get a confirmation on your own based on your own...
If doge sticks to this trading range and we consider the market cycle ends in May 2025, then the market top would be ninety five cents a piece, forming a double top and go into bear market from there.
Red area is a retired trading range. Say goodbye. ETH is fluctuating within a new trading range. This structure estimates that if the top of the cycle is May 2025, then a target of fifty five thousand dollars is possible for this asset. I have been posting a lot of unrealistic ideas about price target, so I thought to myself why not do one for ETH?!
I think LTC is trading within a gigantic ascending channel and it’s been long enough since price has seen the top of the channel. This target is extremely unrealities and over exaggerated, but I don’t think it is an impossibility. If the realistic valuation of a house in the middle of a desert is 50k and a bunch of dogs are selling those houses for 600k then I...
1) I can say with confidence that we’re headed to the first support line or target 1 2) I have not much confidence about target 2. 3) target 2 would only happen if ALT season starts and we go below target 1. 4) simple idea but important levels to watch.
Last night’s big thick giant red candle has everyone posting ideas about a long overdue correction. It might be, but I also want you to pay attention to bull market 2020 ascending channel structure that was met with a strong retest with a big giant red candle.
People are calling for a correction again because they’ve seen a big giant red candle. So far this looks like a healthy retest of the ascending channel that we broke out of.
I came across this ascending channel and I think it’s interesting to look at. While a 20 dollar valuation for XLM in 2025 is unrealistic, it is not impossible given the nature of crypto market.