BTC finally showing some strength on my favorite trend reversal indicators!
If Bitcoin closes week on this level I'm adding strongly at any pullback after weekend close!
But first lets see will it hold this price level until week ends.
MATIC drowned in the redness of the market.
Despite recent bullish price action MATIC is down 30% from ATH.
New ATH is reached but volume was low. Fakeout is more probable in low volume situations.
Now I'm looking at 1.85$ as last support before market structure breaks and MATIC creates lower low (LL).
If BTC doesn't stabilize LL situation is very...
The current Coin Market Cap ranking is #17, with a live market cap of $12 billion USD.
Despite recent dump, fear etc. on the market LINK is holing well. My chart setup is practically untouched for months now.
W support is clearly great buy area, and current resistance in correlation with BTC dump is too strong in short time period.
In my bearish outcome LINK...
SPELL is down almost 20% since it breakout to the down side.
BTC initiate current selloff on market, as usual. SPX is also down, retesting previous breakout level.
My next buy orders are at green boxes at 0.5 and 0.618 Fib. retracement. I already bought some smaller allocation.
If BTC closes under 42k we might see some massive selloff on market.
Next resistance is around 40$, let's see how it turns out.
Internet Computer has great upwards potential, it is in long accumulation, just to reach previous ATH it will gain over 700% from current price!
Looks like EOS in last bull market. Huge hype --> dump --> long accumulation --> moon.
Check my previous analysis for more project details:
Alts are not mooning, at least for now, BTC is at the same price range for several weeks. Something is cooking up here.
Not sure how to interpret this. For now just observing.
If dominance close under 39% I will probable make some moves (BTC to alts trades).
Maybe it is a fakeout, don't know yet, just pay attention to it.
Check my two previous analysis on...
ATOM hit old resistance at approx. 32.5$.
Good setup for short trade with stop loss just over resistance. I don't dare to take it, I will rather wait for breakout to take trade or enter long at green box zone. Don't like short in bull market.
Bullish pattern is in printing, once current resistance is turned into support, only 40$ level (trendline) is left before...
Short term ETH looks like it is ready for some upwards movement. At least for some short squeeze or dead cat bounce before another drop (in correlation with BTC dump, if it occur ofcourse).
- back to trendline (dotted trendline untouched since breakout) ✅
- oversold condition on Stoch RSI on 3D & W chart ✅
- back above RSI trendline ✅
- big wicks on W chart for...
In previous analysis (link bellow) my short and then long trade turned out very accurate (although I didn't take short trade).
Short from 32$ to support and then long from that support to 40$ is still in play.
Price dropped a little bit more then I expected, but still great short and long trade could have been caught.
Now I'm looking for retrace from 36$...
It looks like SPELL is inside rectangle consolidation with strong buy at 0.0215$ and sell above 0.0262$.
- strong buy at support zone (nice wick festival here) ✅
- Stoch RSI on 12h and lower time frame ✅
- nice fakeout wick which is bought up quickly ✅
- RSI breakout ❌
- Stoch RSI on D, 3D ❌
Check previous SPELL analysis before breakout:
BTC short term outlook: Red vs Green
New retest of trendline (close to 50 EMA price) and close above 50 EMA --> long squeeze, more fear into market.
RSI retest of trendline and then move upwards.
Stoch RSI also looks more bearish, although it can turn around very quickly.
Close daily inside of triangle, turn around and retest 52k, little pull...
I'm down with FARM trade approx. 60%.
I missed stop loss point and now I'm stuck with it.
With 60 million M. Cap it is good buy now considering falling wedge formation, RSI oversold with potential breakout and Stoch RSI nailed to the bottom for long time.
Price reached almost historic lows and there is no point to sell here.
Coin is available on Binance,...
Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
Today when almost all markets are in red, ATOM and few other...
Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products.
One of my favourite pick outside of Top 100 (350 000 000 million market cap), but I don't think you will see it...
MATIC is one of best performing cryptos in recent time.
Chart looks great, new ATH is reached, HH and HL since summer.
Only thing that bothers me is the volume. If you compare volume from previous breakouts and upwards moves, current volume is too small.
Breakout without volume confirmation can result in false breakout. Hope it is not the case here.
Short term price action expectation:
ETH is consolidating in pennant pattern ever since it breakout from very long triangle formation.
Pennant pattern is usually continuation pattern (bullish in this case).
Currently ETH ranging around W resistance level.
Zoom out or switch to W timeframe to look at long term picture.
As next target/resistance zone for...
Bitcoin makes its move and it is bullish. At least for now.
After clean breakout from falling channel, breaking trendline from ATH and 21 D MA + RSI breakout, we could finally say that BTC is moving back upwards.
As new resistance/target point for BTC I'm looking at 54-55k level.
It is next most active VPVR level, 50 daily MA is also there + Anchored VWAP from...
After massive pump of 13000% and classic ABC correction MATIC is building bullish structure.
Since C wave and capitulation Polygon/MATIC is forming higher lows and higher highs.
BTC is still struggle to break upwards, while MATIC is already at ATH level.
When MATIC enter into price discovery mode, price targets are ungrateful to predict but my are fib....