Background It was only little more than a month ago that I was going through some coins I don't normally look at, basically doing my due diligence, when I was struck by the market structure of Dash and now I think the history in addition to its utility as an actual crypto CURRENCY suggest it will do the best out of the old guard of crypto currencies. There may...
Greetings. Gold is a sleeping giant that rolled over in its sleep beginning in 2018 and now most may have thought that it has settled down, but it really has just put on its boots and is about to get going in earnest. The similarities between 2008 and our current situation should be obvious with both the charts as well as the news cycle justifying ever ending...
Introduction I have seen quite a few blow off tops while I have been in crypto and of course bitcoin's is the most famous. One of the most annoying things about charting is when you have to redraw your lines over and over based off the price action. Typically triangles get bigger and bigger or wedges get bigger and bigger and and blow off tops are typified by...
Glossed over: Interest rates are pumping, debt is getting expensive, commodities are booming (silver and electronic vehicles, DYOR) and DXY is in a massive ascending triangle (get good at TA or stay poor). Quickpost Potential elliot wave 1-5. Looking for an ABC correction to conclude within Wave 4. No idea if we get a triangle, running flat, some sort of...
Greetings, a lot is shown on the main chart and there will be one more chart in the post. Analysis Nested structures are performing Falling wedge target is Hight of the wedge Triangle target is just shy (measured moved not shown for simplicity sake) Flagpole Target will get us most of the way to full target at the orange trendline 9 Season Rainbow...
Greetings! Bitcoin looks like it is primed for a final leg of its parabolic move based on a series of indicators which would suggest that alts will be topping in the months afterwards. Log Growth Curves by quantadelic These curves were based on calculations made in October of 2019 and so far have done a really good job of informing users on price action. ...
Quickpost on XMR as a golden cross is due very shortly and my operating assumption is that after that concludes we should expect to see XMR get a good pump. ETH on the chart below had a golden cross around $600 and now it has done about a x3 in just a couple of months. I expect monero will be even more volatile and we would see even higher gains and I could show...
Introduction I basically see there are 4 kinds of coins Digital Gold - bitcoin and clones and replacements Application coins- Ethereum being the largest one and its replacements Actual currency coins - Dash, bitcoin cash, Monero memecoins/trashcoins - doge and the like and we are now at the time where the actual currency coins are going to run. ...
Watching ETHBTC is basically a hobby for me at this point and a pleasant use of my time. BTC stood out today but a look at ETHBTC still has my bias towards ETH in the long run. Price action continues to sett higher highs and higher lows in this channel and if the channel support is confirmed after such a violent move I think it will give both traders and...
The chart is pretty simple and most the details are already on the main chart. Triangles are some of the easiest patterns to recognize and some of the worst at meeting full performance and are the most likely to bust if they are not nested in a larger macro structure. The pattern recognition is easy, we have three alternating points of support and resistance. ...
The trend has obviously been up and bullish but the chance of a double top remains real until it has passed. There have been many times over my trading career where I did both a bullish and bearish scenario "just in case" and was biased in the wrong direction for my initial position. Sometimes I did a good job switching my trades and some times not. But really,...
Greetings. The plan is simple Price action was in a rising wedge and the formation would have been a channel except for the bulls were causing it to wedge up instead of the bears causing the wedge to break down. Think of wedges as channels except for one party, buyers or sellers, has a lot more power. The bias has been bullish due to the inverted head and...
My Exhortation A few more people are talking publicly about this inverted head and shoulders, which is good. The fact that it hasn't taken over some of the crytpto-verse is a bit unusual considering how recognizable the formation is and how quick ideas can get around these days. Please, do you own analysis and if you agree or disagree post an idea to get the...
This is pretty straight forward. Resistance and support flipping is important. Sloping trendlines are great, but when horizontal levels flip from support to resistance that is a major signal that is ignored at ones peril Purple ray is ATH The black arrow and circle show a retest of ATH right after it was broken. This was defended by bulls on all time...
TL:DR THE NEXT THREE MONTHS WILL BE CRAZY A couple of weeks ago I posted this screenshot as part of a larger post that will be in my linked post. During the last couple of weeks a lot of the daily or multi-daily YouTube crypto posters have gyrated all over the post over going long or short and I have been silent on BTC while posting bullish posts on other assets....
As my brother said it, Link is a honeybadger right now that don't give a rip about fud, about other coins, about bear raids. Chainlink is just going to wreck everything and so you might be worried about being late to the party. I don't think you could be late because this still has decades of gains to put up. As is continues to emasculate all other coins we...
Backstory I have been following link very closely after its last dump and am rather happy, all in all. There is a chance to play another break out which will allow me to add to my position and tighten up my stops on my margin positions and prepare myself to buy the next dip as buying dips has been very successful. Chart formation (and fundamentals) In general...
Out of all the crypto currencies out there few things have a better use case than XMR. Unless you are some sort of bank robber all the fiat you spend is anonymous because you are not important enough to track serial numbers on. The $50 you got for a gift either in cash or a giftcard isn't tracked in some immutable ledger like bitcoin, it doesn't show up in you...