ETHBTC might have bottomed out.
ETHBTC is forming a longterm Head & Shoulders pattern indicating bullish reversal.
A bullflag was formed which price broke to the upside.
Price is currently retesting this bull flag on lower timeframes.
Earlier a triangular breakout to the upside happened indicating bulls are in control.
ETHBTC in logarithmic...
Get ready for Ethereum ladies and gentlemen...
The logarithmic chart of ETHBTC shows that is in a triangular formation since 2017.
ETHUSD is almost at its ATH, looking immensely strong ready to break it brutally.
Ethereum is quickly following up on Bitcoin reaching for its ATH. If it continues to rise at this pace it'll break like Bitcoin did and might...
Chainlink is forming bullish triangle.
Chainlink is finding good support on 200 EMA .
Those two combined make up for a very reliable sign for Chainlink to gain massive bullish price movement!
In the past I've made an exact same idea in the exact same scenario whereby price eventually sky rocketed to 250% against BTC .
I highly recommend you to check this out:
The FOMO and greed are back... This time it's even better.
Market Cycles are not a fairytale and they do exist and they do repeat themselves. This is just another market cycle happening right now.
Where is this rally headed?
When you put the whole Bitcoin chart in logarithmic perspective you can see that Bitcoin is slowly growing towards a stable price...
The required Ethereum staking amount has been hit a couple of days ago which was around 554.000 ETH.
This target was hit way faster than Vitalik thought at first and so ETH2.0 can launch sooner than most thought.
IMO PoS is a better consensus than PoW in general and surely for price increase.
Although the process will take somewhere between 1-2 years to fully...
6 months ago I made an idea about my personal subjective perspective of BTC after the COVID market crash.
The analysis is linked in Related Ideas. In general the analysis was pretty accurate and effective.
This idea is a follow up on the previous idea and where to look out for in 2021 with BTC:
This action could determine if EURGPB stays bullish on the higher timeframe.
The top blue line you see is my 1D technical analysis which is tested twice but likely to break if there's a high volatility move.
Daily there's a triangle being formed. The blue line is the upper side of the triangle.
The green lines are my long entries and the red ones are my possible...
DASH transactions are increasing by 100% in parts in China.
DASH had a big pump backed by high volume a couple of weeks ago.
It's near a very low point and in my subjective point of view DASH can't get any much lower.
DASH can clear out the oblique resistance with ease and hopefully march its way back up.
In the linked idea you can see a more close up look I made...
Chainlink really shows strong signs of bullish support on daily timeframe on 200EMA.
Chainlink also repeats its own behaviour as you can see from my previous analysis.
Chainlink has already alot of market cap
Chainlink has real uses even more usable...
There are 2 main scenarios I see come to reality with Bitcoin.
Looking at the past these are very realistic scenarios backed by facts.
Note that my analysis is straight forward backed by this chart and neither bullish or bearish.
However I added Long to this analysis because at typing of writing I reopened 2 long positions in DOLLAR & EURO: 7970 USD & 8030...
What most people don't realize at times like this is to zoom out and check the bigger picture.
This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag.
Also note how the volume is slowly lowering since the kickoff of the bullish run.
In the shortterm bearish scenario:
My first target is going long 6500-6700
There is no bullish pattern confirmation, nor supper bullish volume movement...
But, there is a rapid moving RSI, increasing positive volume and an big breakout in its bearish triangle to the upside.
You can see how I confirmed that by my previous...
With its Double Pattern almost confirmed this looks very bullish for SiaCoin.
But the RSI is sick. It went from long underbought to almost overbought in a 2 weeks.
Volume is good and strong but not outstanding. Next kind of resistance is around 50EMA weekly.
After a good close after hitting 40 satoshis this will be a good entry point to position size...
BAT is currently trading in a symmetrical triangle on Kraken which is very clear on 4H chart.
BAT recently followed other coins with an uptrend and BAT has alot of positive volume compared to negative volume.
13EMA is also very well tested. This is nice opportunity to trade with buying on support in the triangle.
If it breaks it's previous all time highs which is...
It tested it's support very well recently. 200EMA is only coming down more and putting pressure.
Also ALOT of pressure of the upper resistance of its downward channel...
It'll break but slowly, the only think QTUM now needs is positive volume.
I noticed that DASH recently broke through one of its main resistance trendlines (diagonal one) and retested it kinda but not strongly yet.
Also if you can see volume is increasing and it's mostly the upward movements that are made by lots of volume (seen on lower timeframes).
Still however the volume is currently in bearish triangle pattern and will need to be...
LINK broke out of it's bearish channel.
The same thing happened couple weeks ago and caused a massive bullrun as you can see.
LINK will probably do the same and aim firstly to the main big resistance as you can see on the chart. If enough volume and volacity is present it'll be an easy breaktrough imo.
Als as you can see the volume is increasing ALOT. And this...