It was brought to my attention that LINK longs are climbing up over the past few days. And technically, there are bullish signs for LINK as follows: 1) Ichimoku Cloud is in the green => long signal 2) Ichimoku Conversion Line above the Signal Line => long signal 3) Ichimoku Signal => Indecisive 4) RSI < 60 => no strength 5) FIB R @ 0.382 level => low risk buy...
After Bitcoin managed to set a new ATH, a correction was in the cards. And this correction gives a good potential to load Bitcoin and Alts before BTC rallies again. So where is the support for now? Considering the 4H Chart for the correction bottom: 1) As per Ichimoku Cloud, the support is 60k-58k. 2) As per RSI, the support is 61k-60k. Of course a wick below...
We can see that Bitcoin did set a new ATH, and the Total Market Cap as well did set a new ATH. Yet, the Alts Market Cap still did not. So... what's up? 1) In summer,y Alts Season did not start yet. Alts rally when BTC stabilizes for few days, but the Alts Season starts as BTC falls from its ATH of the cycle. And we are not there yet ;) 2) the Alts Market Cap can...
SXP is my worst acquisition yet, I am glad it is marginally in the green. As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now? 1) SXP is below the Ichimmoku Cloud => no strength to the upside. 2) SXP Ichimmoku Conversion...
LTC is one of my most recent acquisitions that I plan to HODL for 400% gains. As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now? 1) LTC is above the Ichimmoku Cloud => long signal. 2) LTC Ichimmoku Conversion Line is...
EOS is awn Alt that I continue to HODL while questioning if I should give up on it on the next pump. It seems it is not getting any publicity and very much hated, due to fundamental shortcomings. However, from the technical perspective here is my impression. As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts...
As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now: 1) XRP is above the Ichimmoku Cloud => long signal 2) XRP Ichimmoku Conversion Line is above the Base Line => long signal 3) XRP is above the 8W SMA => long signal 4)...
The 4H RSI for BTC is getting weaker ever since BTC ran to 55k. Nothing to worry about at this stage but as the price is rising the RSI is showing divergence. I say, if BTC doesn’t go up today on both the RSI and price, we may get a bit of consolidation in the red for a while, till RSI drops between 50 to 40 (that is the RSI value, not the price!) before it...
The final nail in the cuffing of the last bear standing is being nailed as we witness BTC breaching its previous local top and setting a new ATH. Since May-Jul this year where BTC dropped to the 30k region, bears have been calling for 20k and 10k without any understanding of how the market cycles, corrects and consolidates. They wasted longing BTC from 30k to...
BTC closed the weekly candle at 61500 last night. There has never been a weekly candle ever that closed this high, even during BTC run earlier this year. My outlook: 1) I expect a new ATH this week, if not, then this month. 2) I see a major correction coming as we get into the 70s, but that is to be confirmed as we get closer there and as the monthly candle gets...
$2.57 Trillion Market Cap for the entire Crypto Market at ATH. Any bears still standing? LOL The week's candle close is gonna be eye popping... enjoy the bull run guys. Keep in mind, BTC dominance is on the rise. It's not Alts Season... yet!
As Bitcoin continues to burn the bears who remain in self-denial and disbelief, the Logarithmic Bands show a top of $67k is possible by the end of October. Keep in mind, Bitcoin has four narrow resistances to takeover in two weeks time, if this is to play out. And meanwhile Alts will continue to bleed in their Bitcoin pairs, as BTC gains in dominance along the...
Bitcoin weekly candle close is approaching to set a local higher high, pulling Alts up along the way. But what's up with EOS? 1) EOS still didn't break the 0.236 FIB R from May 19th dip!!! 2) the 4H RSI chart is showing hope, but still no breakout on the 1D RSI. 3) the Ichimoku cloud and signal are confirmed on the 4H chart but far from it on the 1D chart. So...
As Bitcoin weekly candle close is confirming its local higher high, most Alts are going up along the way. But analyzing XRPUSDT chart, here are my findings: 1) 4H RSI chart previous resistance line became a support; while XRP didn't breakout violently through its RSI resistance, the PA has continued ascending gradually while the RSI rested slowly back on the...
ANKR hasn’t been doing much over the past weeks after taking a big hit back in May. However, it has now broke out on the 4H RSI Chart. As for the Daily chart, below is what is in the cards for ANKR: 1) There is a major resistance at the price $0.11 capped with the RSI & BB. 2) Ichimoku Cloud goes green above $0.11 3) Ichimoku Signal to follow along 4) Expect a...
As Bitcoin sat a new higher high breaching 55k so far, bears are burning like a moth into a flame. This signals a confirmation for the bull trend that re-started in July, as the retest of the 21W EMA & 20W SMA successfully done. Keep an eye on the following: 1) Bitcoin is battling right now the 0.702 level, expect high volatility before the PA subsides. 2) a...
Bitcoin: "I see dead bears, they don't know they're dead !" Bitcoin just sat a new local higher high by closing yesterday above 48,800. Now BTC can either go down to retest the 200D SMA, or continue going up and challenge the 53k to set a higher high to completely break Sep dip.
Considering the market overall current spike, SXP remains almost all year a non-mover. And even the move from the Abyss of May to the local high of Sep, it didn't perform much. I have a history of losing chances with SXP in the past. Will SXP take me down again this time? Here is the outlook, that confirms this Alt is forgotten and non-mover: 1) Overbought on...