Hi All, ************ At the micro level ************ Contrary to many people's forecasts bearish or bullish, I feel the market is neither and hence will have a ranging price for some time and will formulate some sort of support (to be established), which could be seen later on as accumulation area. Just like one would expect for the next bull run.Its just a...
Hi All, Just like ETH and LINK, I am going long with Tezos as well, I have more of LINK and ETH in % but still its got good form so I might just flip some for ETH. If its not too late, I want to buy more in but I will have to wait for a slight pullback, if there is any into this buying zone. Never the case, its on my radar. Daily chart Please don't forget to...
The 21 and 34 EMA on the daily are doing their job. 21 EMA Chart 34 EMA chart 8 HRLY chart
Hi All, Although the crypto market has gone bearish, it is what I expected especially when they say the golden cross or the halving is in the picture. It mean jack to me and in the past, it has proven to be the case where they did drop in price for the short term and that's what we are interested as traders. The moving averages are in my opinion useful only on...
Hi All, After the latest moves, it is evident to me that we will not go above 10.5K in this run. If anything, there are some concerning indications about BTC strength in this downward trend. Why, at the macro level, we did not get a higher high, to do so, we have to break the 10.5K. Hence we have been kept in check with this 3 year top trend line. Before I used...
Hi All, This is one asset that continues to perform and hence worth going long, until not too. As you can see, against BTC it has completed the 5 impulse move with an a ascending macro triangle and hence the upper bounds like in LINK USD\T has no boundaries as yet and is unknown territory. If one was to speculate based on the height of the triangle, that will be...
Hi All, Observations: ============================================================================ For the short term, we see many indicators with bearish signals on the daily. Price is convergent on the daily... +ve Price headed for the next fib. level on the Macro channel MACD has bearish momentum in the shorter time period No divergences...
Hi All, The point of contention will be the level where it was rejected 3 times. We would expect at this point a large % to sell. Note: We will get confirmation of inverse H and S at 1668. However it will be short lived and just like Tesla, it will spike up past this and beat the all time high. Monthly Chart Regards, S.Sari
Hi All, Continuing on with the previous ETH post but at the micro level. Observations: > Based on my established fib levels, in a channel, we are in an volatile area, just like back in July\August 2019. Why, because we are near major resistance areas of 300 to 310 plus confluence with the 0.382 fib level. Hence push-back is expected. > 300 is a physiological...
Hi All, Just read an article which claims many Traders speculate that XRP will hit 0.70. Hence I said, why not have a look. My observations: ================================ a) Still in a down trend, as we have not established a higher high and a lower high on the weekly b) Major resistance on the weekly is the 50 EMA or as per volume profile 0.30 - 0.32 c)...
Hi All, While looking into where I should sell ETH by just looking at key support and resistance, mixed with Fibonacci levels, I saw some fluidity in the current price movement and more so in its rhythm. Hence I added the sine wave and to my surprise, it has confluence with the peaks and troughs, as per chart. Hence why I am now thinking my initial target 1 is...
Hi All, I don't see doom and gloom yet. If we have a 12 hrly or daily close below 9700, then I will become bearish. However we are still in the channel and above the 9700 - 9750) and as I see it, every so often, the support has to be tested on this channel and the bulls have to defend it. BTC has been pulling back on this channel ride so its no surprise. And I...
Hi All, In my opinion, what we are seeing with ETH is the start of a parabolic phase. The following is my hypothesis > a) The ETH bear market finished late last year and it was a trend change b) What we saw in 2019 was the 1st stage of ETHERS start to the first parabolic phase being this. c) We will see another parabolic phase in 2020 but not as much (equaling...
Update on the previous post Key points: > BTC Target is upper trend line ~$11050 to $11500 > 21 WEEKLY EMA (as pull back zone) as Macro support, after it hits its target or bottom trend line after it hits its target. Current status\level, support holding. Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari...
Hi All, By just using Fibonacci and with a few assumptions, like a channel, I'm looking at the channel 0.618 fib level to be the major target, ~6.0 to 6.7 This has confluence with the height of the ABCDE contracting triangle. This should correspond to potentially BTC's target. I have the 50 and 100 EMA on the DAILY to be the support lines on the pullback. Note:...
Hi All, Looking at the weekly chart, it is evident that BTC dominance is heading south. With the speculating of how BTC price action will be in the coming months to next year, it makes sense to review the BTC strategy. Prior to this, I posted what I see ETH doing as I have both ETH and BTC as my major holdings. Since my strategy is about accumulation of BTC +...
Hi All, After having another think about it, the scale I had before just seems tight and I think time will drag this out. Hence the more I think of it, the more I think this is likely.
Hi All, ** Continuing from a post some time back (link below) ** Just going to make this short as we are still on uncertain grounds. So if you have BTC, hold and if you don't, I would wait for the levels outlined below. Now that we got more data, we see that the rejection at ~10200 level, aligns accurately with the Macro 0.5 fib level. The BEARISH div. is...