Bitcoin getting extended, but likely rises into the ETF approval on October 18. Given the rumor is already out and clearly a bit baked into the price, think we get some sort of selloff, which will be short lived given the strength of the uptrend and strong seasonality. The higher low will likely launch the official start of Altseason and align with the top of...
Some pretty clear bearish RSI divergence occurring on the 4hr. Three peaks is typical before it starts to come to fruition. Just means that Bitcoin will start to underperform altcoins when it tops out, but will likely still go much higher from here. Altseason is near.
ALGO bouncing off the 50 day, making a higher low and pushing right up against the downtrend. Looks ready to make a breakout attempt. 8 month base here, similar to ATOM. Longer the base, higher in space
Took a bit longer than expected, but think it looks a lot better now. Currently bouncing on above average volume at the confluence of the 50 day and support/resistance flip. ATOM / BTC pair also bouncing where it needed it (not posted here) This will go much higher than everyone thinks, just like every other blue sky breakout (MATIC in May, SOL in September,...
Flagging into the 21 day. Previous couple times this happened, AXS ripped the next few days. Anything is possible with this one.
If Bitcoin allows it, this looks ready to be sent to one of the fib extensions. Showing strength early, while most other alts are getting killed. AXS / BTC pair looks great as well. Will post chart on that shortly.
Looking to break the wedge any day now. Support at 21 day and wedge support below that. $9bn market cap, while L1 comps SOL and AVAX have $50+ fully diluted market caps. This might be the best setup out there amongst the liquid leaders. TA + FA = 🚀
Bitcoin currently sitting on big support level. Market holding it here so that impatient paper hands sell to whales before it rips higher. Patience will be rewarded.
ATOM recently broke out of a 7 month base and now going for the ATH. Plenty of room on RSI to move substantially higher. Currently has a $9.5bn market cap. Using SOL as a layer 1 comp at $45bn, 4-5x over the next 2-3 weeks doesn't seem unreasonable.
Layer 1s have shown big relative strength recently as I believe it's that time of the crypto cycle that these large caps go parabolic (SOL gave us that signal). ATM, ALGO looks to have the best chart looking at the recent volume patterns and consolidation above the recent highs. I believe the past two days is a simple shakeout before this goes on a huge run over...
MATIC bouncing hard off support and showing big relative strength today, hanging out near the high of the day, while the rest of the altcoins (incl. Ethereum) are near their lows of the day. Two large developments acting as catalysts: September 14 - Announced partnership with EY's blockchain services division September 17 - Announced that it will be listed on...
DOT is lagging the L1 pump after SOL, ALGO and ATOM but likely to catch the wave very soon. Flipped the 200 day as support and bouncing strong at the open. Think this gets going shortly.
On the recent crypto dump, MATIC held support and a bullish megaphone accumulation pattern has developed. Looking for this to move towards the top of the megaphone and eventually breakout for a run over $2.00. Not much resistance above so will get interesting on the breakout. Additionally, seeing some bullish price action in some of the alts, signaling a more...
Classic ascending triangle pattern. Tightening up here. Looks almost ready to breakout and take a shot at the ATH . Some educational notes in the chart.
Flag forming w/ breakout in coming days if Bitcoin can defend 200 day. Big volume on initial breakout to ATH. Measured move to $100+
MATIC short-term consolidation via flag pattern w/ a measured move to $2.00. Medium-term consolidation via inverted head and shoulders w/ a measured move to $2.30. Anything can happen if we rip through these resistance areas as there's not much resistance beyond that and FOMO will kick in. SOL proved that to us recently. Couple things I really like about MATICs...
Bitcoin coiling around the 200 day for a final leg higher before its first real consolidation from the July 2021 lows. EW technicians would say we're setting up for leg 5 higher before ABC correction. Bitcoin clearly broke the downtrend on big volume so traders should lean bullish and buy dips. If we get this correction in September, would be a great setup for...
COMP forming a classic cup & handle above the 200 day. If Bitcoin can hold the 200 day, think this breaks out shortly. Measured move is to the $700 resistance