Hi All, Keeping it short and to the point. > Most ALTS show signs of descent today or tomorrow including BTC (in this post) > ETH made good ground like most ALTs however its completed the ARC pattern and hit is target for this round. > Now pulling back for consolidation for a good bounce on the arc trendline or potentially the horizontal level. This support...
Hi All, Rumors\News: > Looking at the news media, it seems many people are baffled\perplexed as they have no answer to the recent ALT markets performance; > Some think its the whales playing games; > My thoughts, be careful as I did that in the last year bull trend and I got caught with some coins that stopped performing and in actual fact started to go...
Hi All, I thought I just go over the lessons in this exercise and it seems all the rules have played out. The chart says it all. Note: > The purpose of this chart is to make the key points here, I have not factored time scale to this chart. This chart is to only demonstrate the pivotal points that are most important. How long it takes to get there is not...
Hi, continuing on from the previous post, I'm looking for some confluence to go long with the identified\ outlined key support, resistance and trend lines. I thought I use the Harmonics toolset to explore (Gartley, Crab, Bat, Butterfly and Shark) for a scenario with what we have been given on the charts. Obviously some assumption are made here, eg. we have hit...
Hi All, I hope all of you did well and remember, this is not a sprint but a marathon. Just learn the lessons of the past few days as I'm sure many of you, just like me, lacked some convictions in certain areas, near resistance. For those who HODL or just go long, no sweat. I have to admit, it wasn't easy because what happens during the bear market, you get rusty...
Hi All, * This post is all about the micro or medium level TA. I'm still bullish however the second attempt told the story that this round we will not break the top of the channel. So we have this mid section (orange area) to be the decider. > If we go below the trend line, then it looks like a H&S which will drive the price to the bottom of the channel, for...
Hi All, If I'm not mistaken, BTC is about to go bullish, if GOLD has anything to do with the relationship. I have 2 point of interest for entry. 7450-7550 or bottom of the channel (to be retested). In my next post I will explain what are the 2 significant point of entries. GOLD TA...
Many have in the past have compared GOLD and BTC movements and claimed BTC lags GOLD. ** This 4 HRLY Chart shows something of that effect** Just keeping it simple, one can see that >After GOLD has done its peak, the 2nd 4 HRLY candlestick occurred at 13:00 based on my time zone. >With BTC, after its done its peak, the 2nd 4 HRLY candlestick occurred at 15:00...
Hi All, I hope all of you have done well, even the XRP stubborn HODLers.LOL Looking on the daily BTC dominance chart, we are in an uptrend on the macro level. We also have a large ascending triangle formation, meaning we are having a continuation pattern to the upside. Question is when will it break out of this pattern, to the upside? Soon I would expect a...
Below are some of my observations\hypothesis and the rest I leave to you to come up with your conclusions. In my opinion, until major Dapps are released or adoption, ETH will not perform and its better to have BTC in the following years. Enjoy. Please give a thumbs up or a like if you agree or just appreciate the effort. Regards, S.Sari /CryptoProspa ETH Daily...
All I know is until we have a daily close above the 8K, don't assume anything. I will review and republish some bullish and bearish scenario's for we are definitely in a complex structure, a rubic's cube. For now, 15 min chart Scenario A - close above 8K Scenario B - close below 8K
Hi all, ** Note: This POST is only about the MACRO level. > After looking at the bottom and drawing some trend lines, it occurred to me that we possibly have a "DIAMOND reversal trend" , at the Macro level. > Beyond what most have have accepted and pretty much confirmed is that a inv. H&S took place, which is not the whole story. > FYI I define inv. H&S as a...
This post is a continuation and correction\tweaked\refinement from the previous post below.
Looking at the chart, we see BTC dominance droping while many ALTs are doing a bounce from what looks like they have reached the bottom. Other coins that have been recently released will follow a different path. Thoughts: > BTC dom. to continue dropping until BTC stops moving slowly and indecisively > Drop target mid 68% > I would think another 2 to 3 weeks of...
The following are my short list to keep an eye out for, including LINKBTC Mostly to go short and some potentially to go long. ADA\Cardano (USDT) > 4 HRLY Chart BAT (USDT) > > 4 HRLY Chart BNB (USDT) > 4 HRLY Chart Chilliz (USDT) > 4 HRLY Chart ENIGMA (USDT) > 4 HRLY Chart LINK (BTC) > 4 HRLY Chart GoChain (BTC) > 4 HRLY Chart EOS (USDT) > Daily...
Note: This post is only focused on micro moves Continuation of the previous post Observations: ================ > Bitcoin price is gaining traction above the $7,400 and $7,500 resistance levels > Approaching strong resistances starting with $7,640 and up to $8,000. Thoughts: ================ A continuous failure near $7,700 and $7,800 could spark another bearish...
I'm starting to lean more and more towards that this ranging level is it, that the low 6K's are off the table for some time. As one can see that the 7K is being defended well, refer to 3 D chart. Its still too early to say when to go long. One step at a time. PS> Gold is still performing well and hence why I think, BTC will follow suite. Gold reference below...
Keeping it short: My Thoughts: > This last 4 HRLY candlestick is a BEARISH move and is not one we will recover from until we reach my short term target (explained below) > The next logical target has been given once we dropped down past what I feel was the price confined channel (defined by the black lines). > The RSI also supports my model, that this channel was...