aloo2k

aloo2k

What is Wyckoff Accumulation? Developed by Richard Wyckoff in the 1930s, the Wyckoff Schematic helps traders to study the supply and demand of an underlying asset. This is possible through the analysis of an asset's footprint illustrating the control of smart money. Such players take action in these ranges to build orders before making the price move. In our...

aloo2k

Hey everyone. Cardano seems to recover from a terrible end of year bleed. I expect most cryptocurrencies to perform well during Q1 and Cardano is no exception. A confirmation of the bullish momentum will be when the price surpasses the 0.236 Fibonacci retracements. When that is achieved, we will see Cardano step-by-step challenge all the different levels....

aloo2k

Hey everyone, Ethereum is preparing for a wave up to the upside as ETH 2.0 is launching in June 2022. Not only that but we should all remember that fundamentally, it is the most used blockchain network. Currently, Ethereum is retesting a cup and handle pattern. I expect Ethereum to do well in Q1 with a price target of 6000$ in the medium-long run (based on...

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Hey everyone, It is clear that Polygon Matic has outperformed the market during the bearish November and December. What's next? We can expect targets from the Fibonacci retracements. My goal is the 1.618 level making the asset class reach 4$! However, if Matic doesn't manage to break the ascending triangle, we expect retest of a support. Ideally, we want the...

aloo2k

Hey everyone, Solana looking healthy with a falling wedge breakout. Next target 218$ based on Fibonacci retracements. Trade safely, Aloo2k

aloo2k

Hey everyone, Bitcoin is preparing for a breakout! For a few weeks, the cryptocurrency market took a hit and has been forming lower highs and lower lows. Now, Bitcoin seems to show signs of a reversal with a falling wedge pattern. In addition, we're retesting the resistance in the RSI. A break to the upside of the 49k level will lead to a Bitcoin in the 60k...

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Hi everyone, Chainlink is one of the most prominent project in the cryptoverse and in my opinion, it is undervalued. In a technical stand point of view, Chainlink is currently breaking out from a major resistance. Do trade it cautiously with a retest of the trendline. The target is the 100 day moving average at approximately 26$. Yours truly, Aloo2k

aloo2k

Hey everyone, Cardano does not look good since the ETORO delisting. Even if the token is listed Bitstamp, the FUD is huge right now. This shows an opportunity. Cardano has two supports in which I believe is the bottom for this correction: the support from the falling wedge and the 0.236 Fibonacci retracement level. 0.618 Fibonacci level is our next target in...

aloo2k

Hey everyone, Looking at the Matic chart, it's looking juicy. At the time of writing this post, Matic is priced at 1.7$ which is not only the trendline of the inversed head and shoulders pattern but also of the 0.5 Fibonacci level. I expect a move to the upside with a target of 2.7$ but I'm learning towards 3.9$ as we're reaching the end of the bull cycle in the...

aloo2k

Hey everyone, ADA is back! The chart just looks amazing. Next week is when ADA is expected to boom as it will break the upper resistance of the ascending triangle. But now, where to accumulate? ADA has been stagnant the past weeks but it built strong support along the way, we now have a minor support within a large ascending triangle. I'll be looking to...

aloo2k

Hey everyone, My last post was on EOS and we are back with another one. I expect a retest of the upper trendline of the triangle and break the 0.236 Fibonacci retracement level. EOS will fly from that point. Trade safely, Best regards, Aloo2k

aloo2k

Hey everyone, Quick chart for today! We have EOS breaking out of the falling wedge. Not only that, it retested the upper trendline. While there isn't the volume I expected, this supports that a big move is coming for EOS with a target of 5.8$. Trade safely. Best regards, Aloo2k

aloo2k

Hey everyone, Quick update for CARDANO. To describe it in one word, the chart is "BULLISH". Based on the ADA/BTC chart, CARDANO is at the white support line and it tested it perfectly multiple times successfully! Not only that, the RSI is oversold in the daily and the MACD is showing sign of bullish reversal. It's time to go big. Invest safely my...

aloo2k

Hey everyone, The explosion was here! We broke the falling wedge. Now, what do we see? We have a bearish divergence. The price goes up but the MACD and RSI are heading down to 42.5K. This means that the bulls are weakening and we might need a breather before we head up again. In fact, I realized that if we do a higher low, this means that we are forming an...

aloo2k

Hey everyone, Quick update on Bitcoin. We have a falling wedge. Technically it's bullish but currently, the upper trendline is acting as resistance. With that said, we might lower targets with a dump and run scenario with a target of 37.5k. If this level doesn't hold. We will officially be in a bear market as what we had will be considered as the complacency...

aloo2k Updated 

Hey everyone, A scenario for both bulls and bears in the BINANCE:BTCUSDT chart! For the bulls , the 44.2k level is an important level. A breakout and a restest of this level is a confirmation of the falling wedge. This is huge because it will follow the Wyckoff Accumulation Schematic as seen in my previous post: For the bears , well you guys are hungry...

aloo2k

Hey everyone, The time has come. The correction that we have all been waiting for. The month of September has proved itself again. We reached the Spring of the Wyckoff Accumulation Schematic!!! To be quick, the RSI is oversold. The MACD is also showing signs of a reversal. I personally reaccumulated at the lowest point. Not only for BTC but other cryptos too....

aloo2k

Hey everyone ADA corrected by 10% this past week just as expected. Now it's time to accumulate and DCA. Why? Because ADA is at a discount. The RSI is oversold even at the 4h time frame. The 4h time frame MACD is also showing signs of reversal. By using the Fibonacci retracement, the more likely scenario is to have a bounce NOW from the 1.98$ major support level....