The chart is pretty self explanatory. Will be monitoring this along with CRVBTC idea I posted earlier. Link below.
Yet another long term chart. Heres why I think ADA in this bull market can be what XRP was in the last cycle: 1. ADA IS , like XRP WAS, a top 5 coin 2. ADA has a lot of believers and a lot of haters. XRP was probably the most hated coin in 2017. 3. People who hate ADA are convinced it is useless (similar to XRP). Now XRP has been proved to be useless. With ADA,...
Another Ultra Long Term chart ( I hate doing short term trades !) Here is a VERY IMPORTANT quote from Jason Shapiro from the book “Unknown Market Wizards” by Jack Schwager: " Everyone understands that the market is a discounting mechanism. What people don't understand is that the discounting mechanism is not the price, it is participation. Its not that the price...
Bitcoin has been on an absolute tear over the last 4 months and it is healthy for the big bro to take a breather. While I am bullish over the next two years, I have spotted a potential bear div on the RSI with declining retail volume as indicated in the charts. This might open the possibility of the following to happen which has happened throughout BTC's bull run...
Making an ultra long timeframe analysis on LTC/USD here: Lets face it. Other than Bitcoin if there is one coin that has responded favorably after every halving, its been Litecoin. While it's performance with respect to BTC has been a mess, there is a certain degree of confidence that you get looking at the LTCUSD chart. That makes me ask one question to all...
I know, I know this looks messy but I am using multiple indicators just to confirm the potential bullish nature of this chart. This is on the 4H which I have seen to be a good time frame to analyze low cap crypto, since they tend to move very quickly. Also, I like to use volume supports to determine horizontal price targets because to me it is “real” data and not...
Note: I use multiple indicators just to confirm trend on different systems. This is what the chart is indicating: 1. 4 out of 4 on Bullish setup on ichimoku system: bullish T-K cross (+1) , price almost above cloud (+1), cloud just turnded bullish (+1), lagging span above price (+1) . 2. Price breaking above cloud on HEALTHY VOLUME (This is important!) 3. About...
An ultra-long time frame analysis for LINK/BTC: “I bought an altcoin in November 2017 and I was up by 92x on my buy price in August 2020. I am up by 28.3x on my buy price in March 2021.” If someone told you this to you, you would think it was a joke given the brutal retrace most alts saw over 2018 – 2020. During this period, XTZ and LINK were two altcoins that...
Note: I use multiple indicators just to confirm trend on different systems. This one is similar to the swerve chart I posted today. This is what the chart is indicating: 1. 2 out of 4 on Bullish setup on ichimoku system: bullish T-K cross (+1) , price almost above cloud (0), cloud just turned bullish (+1), lagging span close to above price . 2. Bullish 50-100 MA...