Quick and simple short term update: Bitcoin has a head and shoulders: 1.) We either succeed by getting and staying below the neckline and head towards 52k, possibly 45k - but a good chance at stopping at 48 instead -- if we go below TP 1. 2.) Or, we fail and get back above the neckline on re-test (or never go below it) and head up to 70k, possibly 77-78k.
FARM is still in the negative on its all-time chart. It has been making significant strides after a relatively quiet first year or so. Added to Coinbase, Binance, staking added, staking added via Coinbase wallet, etc. These things occuring after breaching its falling wedge on the daily and touching the bottom of its last major pivot area. May double bottom...
Just a quick idea for fun. We broke out of a (poorly formed) falling wedge, and that wedge gives us a target just north of our ATH. Just high enough to get folks to hop back in confidently prior to seeing a real drop. As I said, just an idea for fun, but let's see what happens.
The larger pattern has continued to repeat the smaller one since suggested back in May this year -see "HBAR / BTC - Repeating Pattern Idea - Worst Case Bull Scenario" in the related links below for my original post. We finally got our move up during the first half of the month, as suggested in the End of August update. For the 2nd half of September we've been...
Took filecoin's previous massive spike, consolidation, accumulation period, blew it up and pasted it over our weekly chart to compare with where we are currently. If we repeated the same pattern on a larger scale, filecoin could go into a very long period of accumulation before it begins to run again.
Recently published a chart showing potential for a bearish November to check myself, because I am still bullish on BTC and will be until evidence otherwise. This is an 4H chart update on a previously published falling wedge daily chart. We failed on both a smaller and a larger head and shoulders, reached our TP 1 for both, and are heading towards TP 2s for both,...
We still have half a month, BTC could continue to move up and FOMO folks in, but if we close this month within 3-5k of our previous high, it could turn into a double top disaster in November. Let me predicate this by telling you that I am still bullish in this market, until proven otherwise, but I like to look at unexpected possibilities. As previously...
Very brief post here -- just drew this basic channel and was surprised how accurate it is on daily vs 30 min timeframe, so I wanted to share it. See 30 min below: If this is something worth looking at to go by, I doubt we'd drop much further than 50k, if we drop at all.
Target 1 - just above 40k Target 2 - just under 50k Also see weekly and daily YFI / BTC chart which has potential for much more upside should we reach the interim targets mentioned above on this pairing: See related idea linked below.
If we manage to stay above this bottom at ~0.5-0.6 and turn up strong, we have strong potential for an inverted HS on the weekly, and a triple bottom on the daily chart. Should those succeed we should at least go back to our range highs around 1.1-1.5, and if we can get above range highs, we could see 1.8, then >2 and >3, a potential 6x run vs. btc that could...
BTC.D is either about to pop up to 44.4 or fail an inverted head/shoulders and drop to 39.39. Let's see if we get an alt run or a bitcoin run over the next few days/weeks.
I believe Hedera Hashgraph is going to be the next crypto with a sustained uptrend against BTC, similar to what Chainlink did last year, and similar to what Litecoin did back in 2014-2017. To get there, we need to break our neckline @ approx 780 sats, and our previous ATH of 864 sats. Once we break the neckline, the next target would be the top of the line...
A little over 2 days remaining until the current monthly candle closes. Last month we closed just above the inside channel here on the logarithmic chart. Bullish - Blow-off Top: - If we can remain above it, I think we'll see a blow off top that takes us somewhere near the top of this proposed larger channel. Bearish - Correction: - Should we close below,...
We confirmed an inverted HS on the weekly chart here that took alt dominance to a new ATH, but hasn't yet reached its minimum target (the first yellow arrow up). We've stopped and consolidated right at the mid-point and should soon find out if we're going to continue towards that target. If we break that target, the next two targets would be the next mid-point...
Falling wedge, break out and 40k is min target. Get beyond 40k, we could head towards 50. Fail to break out and we could head towards a new low in the low 20s. We stopped 3 times in the same area, with a slightly higher low each time. Chances seem good here. Yearn has been correcting and consolidating for over a year now. If it's going to move again, it may...
Quick idea that has potential for a lower low than most are expecting prior to our move back up to ATH area. There's a head and shoulders here that says we need to get back above ~45.5k, otherwise we may re-test the top of our wedge before heading up. We've already fell below the neckline and then tested the bottom of it once. If we fail to get back above it...
I see two possible directions from here, green arrows up or red arrows down to same ATL or a new ATL and then green arrows up. Red arrows down gives us a short lived altseason (weeks), unless we get below 30s and then we could last a bit longer. Or, we get a double bottom right now and BTC starts to gain its dominance back quickly.
Quick chart - If we can stay above the descending channel here, expect big things for HBAR. Re-test of ~40 cents area, quite possibly a new high. If we get back into the channel, we may re-test the bottom of it one last time before that happens. I think this is unlikely, however.