BTC is in a huge symmetrical triangle. I think we could see $35k as soon as this weekend before bouncing back up. The yellow lines are when Mercury retrogrades begin. This often has a strong effect on the markets.
The $19500 level of last Nov/Dec never really got tested as support. Despite the current pump, it feels to me like we're headed down to test it this next month.
I've noticed that the full moon often closely coincides with extreme lows (light gray disks). The next full moon is on the 24th and it looks to me like we're in an inverted head and shoulders pattern that could finish off just about in time for that bigger dip to a new low.
BTC has reached the end of a symmetrical wedge and given the down trend and current sentiment, it's hard to imagine it breaking up. Looks like it'll probably hit the top of the wedge and then fall. How low do you think it'll go?
It looks to me like Ethereum is going to dip back down and retest $1635 where the last solid base was. Definitely not looking bullish for a few days.
Cosmos is at the bottom of a channel and ready to ride...giddyup
Ethereum has been in a descending broadening wedge. These patterns are around 80% bullish, but I think that we still have another dip left in this wedge before the rebound. What do you think? If ETH breaks $1550 in a significant way we're probably on the way up, but if not I think we'll test $1350 again.
This analysis correlates the apparent retrograde motion of Mercury to the cycle we've been in since the end of January. All times are given for the west coast United States. Add 8 hours for UTC. It all started as Mercury stopped its forward motion to go retrograde at 8pm January 30. Prices flattened out for 2 days in a very narrow range. Then exactly 2 days after...
On Feb 24 when ORAI Mainnet was launched, ORAI reached a high of $95 on KuCoin. Since then it's been in a downward trend. Now it has reached the end of a wedge and I believe it's ready to rise again. I don't think it'll take too many more weeks before we see it more than double in price, back in the $80+ range.
Not much to say as it's all there in the chart. DOT just broke out of that big wedge formation and seems to be headed up up up...
I've looked at quite a few altcoins that have recently dipped down to the same level as January 30. I believe this is due to Mercury retrograde beginning that day and ending just before the sharp dip began. Now many of the altcoins that soared so high during the retrograde period have come back down to test the support levels that were in effect on January 30 at...
Looks like DOT is headed back down to support at 32. Swing trading these 10% ups and downs is making my DOT balance rise.
Super simple 1D chart shows one shoulder and head completed. Will it drop all the way to .70? Higher? Lower?
Since the big dip a couple days ago, Eth has been working its way up an ascending channel. It's now back at the bottom of the channel and looks set to start dropping quickly to test support levels of $1350. What do you think?
ADA has been in an upward channel since the beginning of February. The dip a couple days ago was sharp, but still pretty much within the expected upward channel for ADA. We're now also in a smaller channel and headed down, but once we hit bottom I think ADA will rebound higher than ever in the same bigger channel.
Just a couple weeks ago, I was reading an article on Medium by Coin Monks about how the planet Mercury going retrograde has dramatically affected the cryptocurrency market in the past. Mercury retrograde is a 3-4 week event that happens 3 times a year in which Mercury appears to be moving backward from the perspective of the Earth. We are just leaving one of these...
XLM appears to have nearly exhausted its downward trend. Just before the last new moon and full moon, prices started rising quickly and reached an ATH about 32 hours after the exact time of the lunation. If this trend continues we might see XLM rise 70% from .50 to .85 by the 28th of February. What do you think?