Shwayze

Shwayze

As we can see BTC is caught in the lower half of the Keltner Channel, which is a type of consolidation typically seen just prior to explosive price movements. I cannot say this will be the upward trend we are waiting for, it could go down much further. But either way, the next move should be big.

Shwayze

Bitcoin has some bullish momentum for it, especially the amount of coins getting bought recently. With the hash rate dipping, the total transactions (yellow) is SKY ROCKETING! Lets see if it stays up there or not. This usually precedes a price movement, so potentially we may see some upward movement? I still expect the market to continue downwards, but it is...

Shwayze

Don't fall for this one.. We shot up with incredible pace randomly, and unforseeably. We probably even have some nice stories to sell it too. However, Transactions just dropped to an all time low, and unless this data is manipulated, were in for a short!

Shwayze

Interesting patterns, it does look like BTC is starting to consolidate, which matters to BNB and which direction it will take. This one is an immediate move upwards, I do believe it will break the 50MA, and move to the 100MA where it will be rejected and sent down further. However, the strength of the buyers are seen, and I believe we should soon see a push up...

Shwayze

Bitcoin Alert: This technical analysis is solely based on on-chain data. Bitcoin Transactions have fallen out of their norm, and alerted me on my python app I built. I took a look, and they fell well below their average lately. We have a new low for BTC Transactions, which means we have a new low for BTC price coming up. Dont fret, this is temporary move. ...

Shwayze Updated 

Bitcoin has been shooting up over the last couple hours, with little to no resistance. There was a pivot point but overall not very strong. There seems to suddenly be no selling pressure, just as options are about to expire end of month. It's weird how this keeps happening! IF we do breakout of our bearish pattern, I would urge you to look at On-chain...

Shwayze

This one is oddly following every single step of Bitcoin. If BTC jumps up a fraction, EOS jumps up a fraction same time. Its weird, and I dont like it. Anyways, EOS (aside from any manipulation) should jump down to below $5.30 by May 30. Look for a buy opportunity

Shwayze Updated 

On the 15 min chart, we see a head and shoulders formation, with a trendline leading to 32k. I never usually play these, unless they are obvious patterns. Still, its a wait for confirmation on this one.

Shwayze

Bitcoin is not in a bear market, that is a common misconception, or misunderstanding of what the term means. A bearish trend is more likely what we are seeing. It could even still be called a correction, if we look on a longer time frame. What we see now: 1) MA50 crosses under MA100 - not a good sign 2) Price bounces off MA200 - not a good sign 3) The...

Shwayze

BTC seems like it is destined to go a little lower. I like to use historical patterns to forecast prices, which has worked to an extent. This I could attribute to a similar pattern from 2013. 6 green candlesticks monthly - were up. Then we crash in April 2013. This is May. Although we did close out April with a red. Can we go down 80%? Maybe. It will be...

Shwayze Updated 

Bitcoin price has crashed and yes it was terrible. An over-leveraged derivatives market that was already on shaky ground just collapsed and liquidated 3 billion in a matter of hours. This cascade has happened several times now, and may be a stark warning to the type of volatility we'd expect from an over-saturated, heavily leveraged Bitcoin. Either way, the...

Shwayze Updated 

Bitcoin has hit the expected Elliot Wave correction extension, and has bounced off with lots of volume. Previous chart about the bearish target is here: Now at these levels we see a previous very long candlestick, with a large amount of volume, that had rejected the price. This is the move before we came down to the current level around 42k. I notice...

Shwayze Updated 

Bitcoin seems destined to correct a healthy 38%, which would lead us to the previous high in January, around $42000. Fibonacci Retrace says this SHOULD happen and I agree for a couple reasons: 1) EMA21 is untouched in 2021 on the 1WEEK chart. We hit this 3 times in 2017 by todays date. 2) Bitcoin historically corrects down to previous high this time of...

Shwayze

EOS just blew through critical resistance levels finally and hit $12 just not too long ago today. EOS, I have theorized (along with BCD, BCH and ones like that) will provide at least a 10x reward of Bitcoin just this summer. Then again at the end of the year. To do so, it must hit .0006 - just 300% higher than we are at right now. Many have subscribed to...

Shwayze

Polkadex which broke out of its Descending Wedge, which I was able to point out just minutes before actual breakout happened, looks to be forming another breakout pattern. We have an ascending bullish triangle, the lows get higher, and highs are somewhat symmetrical. The selling pressure is decreasing as the buying pressure increases and this could be a nice...

Shwayze Updated 

PDEX has been on everyones Radar recently. Polkadex is the first DEX (decentralized exchange) for the Polkadot Network. High speed, very low fees! It has been consolidating ever since it went up on the IDO. It just started breaking out on top, and maybe we will actually see a breakout, we will see. Anyways, keep your eyes on it.

Shwayze Updated 

Ethereum is nearing the top, basically its long time trendline that it has held against Bitcoin, and has been bouncing up and down in this channel for a couple years now. This means set your alerts, keep a close eye on Ethereum, it MAY do a final push and get up to .06 but it could be tough. As far as the Altcoin, I could not chart it on Tradingview, so I...

Shwayze Updated 

BTC should have crashed in March. It should have done a lot of things this year, but seems to have been doing the opposite of what everyone predicted. TAs don't make sense, we have broken out of bearish patterns bullishly several times. And Billions have been lost in the form of Liquidations. In 2013, we had a similar pattern, we never really corrected until...