odyszeus

odyszeus

I noticed this Wyckoff distribution pattern that has formed on the 1h time frame for FET/USD and it convinced me this might be a good time to step out and wait. The crypto market has been going sideways since last week now and we didn't really get a strong rebound after the selloff a few days ago. Even with the positive Macro news it's starting to feel like...

odyszeus Updated 

Here's a strongly bearish outlook versus a bullish outlook for FET. I noticed the recent price trend looks eerily similar to a previous pattern for this coin that played out with a major correction and consolidation that lasted months, before any strong upside. This, of course would mean a much greater and quite severe correction in the overall crypto market...

odyszeus

Very simple and tot he point. Last weeks market correction is clearly over and during that FET double bottomed against BTC. This is an extremely bullish sign for any altcoin to do so. Just go back and take a look at what XRP did this November after double bottoming against BTC. So, assuming a continued uptrend of BTC and the overall market in the next weeks, FET...

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ARB finally broke above 1$. With ETH breaking out of the short-term downtrend channel (check my previous post) this ETH-based layer 2 can see some strong gains as long as ETH keeps on moving up. Stronger resistance possible at around 1.4, which would already be a strong move up. If that doesn't stop the price then 2$ and 100% profits may be in sight sooner rather...

odyszeus

Strap in and get ready for lift off. ibb.co

odyszeus Updated 

AMPL has completed another of its parabolic rise/correction cycles. Thanks to the overall crypto market correction today, AMPL now hit its bottom and is in the perfect buy zone range. After several red days, I expect this asset to make a quick recovery of 30-40% followed by a minor correction and accumulation phase that may last 2 to 3 weeks and finally ending in...

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Looking at RUNE/BTC on the daily we can see that since launch, RUNE has been steadily outpacing BTC through several upswings followed by minor correction and accumulation phases. These accumulation phases have lasted between ~100 and 150 days, the last three of which had RSI similar values before the next euphoric upswing. Today, RUNE sits at a similar RSI value...

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Looking at the big picture on the 5D, LINK/BTC is near a lifelong ascending support line (blue). It is also nearing the edge of triangle pattern formed by lower highs. Considering how solid the support is, I expect a break up from the descending triangle within the next 1-2 month at most. RSI is also in a long ascending pattern that I expect to zig zag steadily...

odyszeus Updated 

OMG Network has been in a declining trend like most altcoins this summer, but is nearing the end of this pattern. With general sentiment in the cryptomarket turning bullish, we can expect plays like OMG to make gains against BTC sooner or later. In the case of OMG, it may take less then a month since we are at the end of a descending triangle. Looking at...

odyszeus Updated 

AMPL is in a steady uptrend since the May crash. It is the only token I found to have somewhat decoupling from the cryptomarket temporerally and continues to make steady profits since May. This may be due to the rebasing nature of AMPL. We can see AMPL has been fluctuating in a channel between ~0.7 and ~1.8 USDT over a long period of time. Currently it stands at...

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After a period of cool down, WABI looks to find support on the daily MA (green line) and start going up again. This may lead to finalizing a cup and handle pattern, as we already have the cup. The "handle" itself would mean about 100% upside from current valuation to around 2000 sats, and this being a bullish pattern, we may see much more in the long term. The RSI...

odyszeus

Kava has been gradually building its reversal trend from a previous bearish blue to a bright white future after hitting its all time lows not too long ago, around the same price as its previous lows. This slow build-up is now finishing in an ascending bull flag composed of consistently higher lows and a relatively steady resistance that has been gently poked...

odyszeus

Hello everyone, This is my first attempt to publish an idea, so please bare with me. LINK/USDT on the 4 hour looked to me like it may have finished a small head and shoulders pattern indicating a breakdown. If this were to occur I assume two scenarios: 1. correction to the weekly MA 2. correction to a long line of support, just above the monthly MA AS I...