Don't like number going down? Invert chart and look at number going up! Now you can buy high and sell low without worries! As you can see we have a beautiful double bottom, a breakout of resistance since March 2020 lows and a beautiful set up for candles going up further if we break the 50 EMA on the weekly! I have never been this bullish! IMPORTANT: this post...
Bitcoin and Ethereum are at a crucial turning point which will determine much of what we can expect for Q1 2022! Tomorrow we have the biggest options expiration of the year and market makers have been preparing for it! - Max pain price for BTC: 47K --- check! - Max pain price for ETH: 3200 --- almost check! Another fun fact is that Bitcoin found support right in...
Like I've been warning for weeks in a row, is now unfolding. Bitcoin and Ethereum are dropping hard and both are at their last local support. We are 2 days away from the options expiration on dec 31st and market makers are preparing for it. Ethereum is especially in danger as its max pain price is at 3200. Luckily bouncing back from 2500 where it was last week. We...
Bitcoin is at the crossroads of bull and bear right at a cluster of resistance: - 1 day 50 EMA - Bull Market Support Band (flipped into resistance) - 800 EMA on the 1 and 4 hour + 200 EMA on the 4 hour We are at THE APEX. IMPORTANT: this is not financial advice, trade and invest based on your own risk and research and have a merry christmas.
I dont think so. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Merry Christmas! A short update from my side as I yet again found a great momentum indicator which are the 5 (yellow) & 13 (red) week EMA. If we keep it simple we can conclude the following when looking at these EMA's: - 5W EMA above 13W EMA: bullish momentum - 13W EMA above 5W EMA: bearish momentum Ok, that's logical but there's more. These EMA's don't cross...
Its 3 years ago BTC and the total crypto market cap bottomed out in dec 2018. Fast forward to december 2021 and we've rallied up almost 3000% during a massive bull run. For anyone out there looking for a blow off top or a full market reversal, I say be careful what you wish for and be thankful for what you have got. Could we see new ATH's in 2022? Possibly...
Bitcoin got rejected out of the bull market support band together with a drop out of a bear flag. The crypto market does not look healthy at the moment and there's no way we can sugarcoat it. Technical target for BTC in the coming week is 42K, lets see if that plays out or we can rewind some bullish momentum. Are we going into a bear market? I just uploaded a...
Lets do some December Bitcoin bingo and see how far we will be on or off track... IMPORTANT: this is not financial advice, just a chart for fun.
I'm back everyone, sorry for being absent. I was in Tradingview jail... great timing - I'm sure you must be happy about that given recent market fluctuations. Check my link in bio for more analyses. Now, we have started our downtrend on almost all coins, most have topped for this year, some are setting their last ATH. There are multiple reasons for this...
Bitcoin is having a healthy bounce off the 1 and 4hr 50 day EMA aswell as finding support on previous resistance (white downward sloping line). For a definitive breakout we need to break a cluster of resistance: - 800 day EMA - downward sloping resistance line (dotted line) - 58-60K resistance / supply area If we break these levels (which is a lot of converging...
Before we can expect a definitive breakout we need to be cautious for one more leg to the support / supply area. I noticed a very similar pattern in price action of BTC at the end of September and now. Check the fractal overlay from end of Sept over the current price action in the chart. Similar isn't it? It would make sense to get rid of the longs before a blast...
Lots of wicks to the downside without follow through, pretty much the opposite of what happened on Thursday. To me this implicates the market maker is building longs by getting you into a short... The sentiments is super bearish and everyone is screaming double top and is opening shorts... So a great moment for a pump. I'm expecting absolute fireworks from the...
I made a list of low (and one big) cap game / metaverse tokens that can absolutely blow up in the coming weeks! I thought it would be cool to share it with you all because its madness right now with the gaming / metaverse scene and I do not expect it to stop anytime soon. This is NOT financial advice though and I do NOT advice to bet the house on these tokens, a...
Bitty is gonna come down because: - Too much longs are still open (opened by traders at lower levels) so they need to be wiped out - BTC futures expiration this Friday, pain is at 53-54K even though 58K is stated as max pain price - Market is still too optimistic, we need more fear for a reversal and that fear is about to come - You are still opening longs...
Good news for all of you crypto heads! The reversal is coming sooner than later. Why? Because we see a massive spike in shorts which means a massive spike in market maker longs (opposite side of the contract), coming from an ALL TIME LOW and hitting the breakout target from the falling channel / wedge. Furthermore, we have US10Y dropping massively along with the...
If the S&P 500 breaks the 4600 support we can see a continuation to the downside. Next targets are around 4530, then 4460 and 4375. I do not see a lot of buyer interest at current levels other than a stop hunt rise at the start of the NY session and thus if we break 4600 expect crypto to follow the stock market and correct to lower prices. Having a bit of buyer...
Found another low cap gem called ioi (QOPRO) with a live product; NFT / 3D (metaverse) game with a wallet and a game / trading platform coming up. It broke out of its accumulation range and just got listed on Huobi. Token economics are decent for the coming year aswell. Will it be as big as MANA or SAND? I dont think so but can it do a 10x? Why not, this is...