BTC is creating a bearish rising wedge pattern, only establishing new ATHs in 3% increments. Looking at BTC's price history, it looks most likely BTC is ready to repeat past patterns. If it continues to do so, we will be looking at a top of around 71K (top point of wedge), with a likely bottom of around 54K, which would land at the bottom trendline and match up...
BTC is currently trading inside a Rising Wedge pattern, and it's clear momentum to the upside has slowed considerably. This happened back before the September crash, as well as in April. Since Rising Wedge patterns have higher odds of being bearish, BTC may breakdown from here. It looks like it may have another week before completing the pattern.
Shib broke up out of the descending triangle, but is now forming a rising wedge. It appears it is not ready to go down or up, and is forming many bearish patterns. The mania phase of its parabolic run has not subsided yet, so it may be in a distribution phase as more Whales have been selling than buying here. If its strength doesn't return within the next few...
Shib is trading in a descending triangle, with a higher probability of breaking to the downside. Price target for pattern is 0.00003500. Breakout is imminent.
Sharing some TA on SHB INU, which is having a weakening uptrend. RSI and volume are far weaker, and the coin will need much more strength if it is to exceed its first run of 2700. If neither change, it is very likely to establish a local top around 5500 before retracing at least 40%.
Just wanted to share with everyone that Dogecoin is being heavily pumped up by Whales. You should be extra careful about this turning into a Pump-and-Dump. The coin lost 75% of its value during the last market crash, so be aware you could lose most of your money. Market manipulation is extremely common in Crypto, especially popular coins that draw a lot of...
Sharing my analysis for the most immediate support and resistance levels for XRP using the data from this year's earlier bull run. XRP likes to respect $0.05 increments, but the major levels I see are: $1.90 $1.65 $1.50 $1.35 $1.20 $1.05 These levels also very closely align with the Fibonacci Retracement of the early 2021 bull run.
Sharing my price prediction for Bitcoin in the immediate term. I predict that Bitcoin will top out at about $51,000, before falling to the 0.618 Fib level of $38,000, which would be consistent with BTC's typical price corrections. I think $51,000 is a strong immediate resistance level because it is what it bounced off before setting its most recent ATH. A large...
I wanted to share some price predictions I have for XRP in the immediate term. These predictions assume Bitcoin hits ≈$51,000 before having a real correction to the 0.618 level of $38,000, which would match up with BTC's typically size of correction. They also assume XRP will have roughly 2-2.5x the gains/losses as BTC. Previous support and resistance lines...