" Have we bottomed yet ?"
That's the MILLION DOLLAR question right now.
Well, I'm pleased to report that according to the BTC Top & Bottom Indicator , the answer is YES.
As you can see on the chart, the indicator is now signaling that a new bottom has been reached, so it might be time to buckle up.
Quick update on an idea that I published back on Feb 25 (see: "FOLLOW THE RAINBOW).
As you can see, price has generally been trending as we expected over the last few weeks, and we are beginning to get very close to the "lift-off zone", designated in purple.
Buckle up and hold on tight.
While technical analysis is usually NOT easy, once in a while it can be.
This chart - which shows the TOTAL MARKET CAP minus ETH & BTC - just so happens to be one of those rare cases, and some simple pattern recognition is all it requires to see the obvious similarities that exist between the two fractals/structures. Assuming the pattern holds, expect to see...
ADA appears poised for upwards movement after finally breaking out above the downward sloping resistance trend line, as seen on the chart.
Expect ADA to move upwards until it tests the next resistance level (S2).
"Patience is not passive, on the contrary, it is concentrated strength" - Bruce Lee
With many people growing frustrated that BTC continues to hover around $40k as we approach the end of January 2022, it's a good time to remember that PATIENCE is a VIRTUE, and good things come to those who wait!
During times like these it's important to remember a saying which I...
As you can clearly see on the BTC Dominance chart, BTC is finally breaking out of a downward wedge that is has been trading within dating all the way back to September 2019. Keeping a close eye on this chart/trend is crucial as it provides the guidance one needs to determine whether their portfolio should be more heavily weighted towards BTC or Alts.
Get your beach gear ready, because its time to go play in the SAND!
As you can clearly see on the 4HR chart, SAND is nearing another big breakout, so get yet your pales and shovels and meet me at the beach!
E, I, E, I…O!
And on that Farm he had a….imminent breakout!
All jokes aside, FARM appears to be on the brink of a parabolic move upward, meaning that it’s certainly NOT the time to sell the FARM. Additionally, you can also harvest any FARM you hold to earn an additional 15-30% APY @ harvest.finance.
Jump in, the water is warm.
I have been keeping a close eye on the ETH/BTC chart, and at this point it appears all but certain that ETH is ready to break out and make its move vs bitcoin. As you can see on the weekly time frame chart, ETH recently broke out of a triangle and broke through resistance, and I now expect ETH to continue to gain on BTC over the coming weeks.
As you can see on the chart, WOO price recently broke out and we just completed a retest of the former resistance, which has now been flipped to support.
Buckle up and enjoy the ride.
This is about to get really fun.
Old McDonald had a .... FARM!
As you can see on the 4H chart, $FARM has been consolidating within the green triangle since inception, but it appears to be on the verge of breaking out.
Buckle up and enjoy the ride.