It has been awhile since i posted, for good reason! It has been a very boring time within the market (as expected).
We are currently in this transition phase between bear to bull market, its the time where everyone walks away filled with fear (bottom of cycle)
Save this chart... You'll never look at a "BTC" rainbow chart again. This either...
The market has been silent for nearly the past month. BTC & ETH broke out of their ranges over the last week. Many people were caught off guard from the break of 30k that occurred yesterday. This was heavily predicted and expected based on many indications.
Simply put, many indications pointed to the market being in a very similar spot as April...
The market has had a great year! Everything has been playing out nicely.
BTC has risen more than most & now we have ETH making yearly highs.
Do we know what is next? ALTS! It has happened too many times in this order.
(First bottom, then entire market bounces, then entire market corrects, then BTC outperforms along with some alts, then ETH...
XRP has been consolidating for nearly 2 years. Lackluster performance overall can be attributed to the ongoing Ripple v. SEC lawsuit.
As seen on the above chart, a major breakout is expected any day. This pattern can be looked at as a symmetrical triangle. Symmetrical triangles don't carry a usual direction and often break out either way.
Welcome to another year of crypto. 2022 was full of bears and shocking developments in the space! 2023 has promise to be much better in terms of price growth.
It's been nearly a year since I last posted on TradingView and for good reason. My last 4 analysis' were warning of the bearish year to come and it turned out to be just that. (please refer to the...
This is a very interesting time in all markets and people seem to be more confused than ever on whats in store for crypto in 2022.
The ongoing war in Ukraine is a devastating conflict that will likely affect the global markets for months to come. As seen on Thursday, Biden's speech provided an immediate jump for US stock markets along with the crypto...
Remember one thing, there is NO better market out there than crypto (:
As highlighted in my last analysis, BTC broke below the 50W moving average which has signaled a bear trend in the past.
Now that BTC & the rest of the market have started to fall, the next step of the analysis needed is to show the 100W & 200W moving average.
There are 3...
As highlighted in my last analysis, BTC has two choices to make regarding the 100W MA and 200W MA. This choice will likely propel that market in that direction.
Shown here are 4 altcoins that have formed a bearish "pattern" - curved top of the downtrend, similar to a parabolic uptrend, but just pointed this opposite way.
There are many examples of this...
The market seems to be stuck in a weird spot!
Using past data and history, i found a shocking similarity between now and the end of the other 2 bull runs.
Price drops down to 50W MA.
Price bounces off 50W MA.
Price falls back down to 50W MA.
Price breaks 50W MA and tests it as resistance.
Bear market begins.
After seeing what SHIB did, DOGE may have another run.
I mean after all this time, it's still in the top 10!
These massive price runs are just fueled by hype and psychology!
Do you hate meme coins? Okay, Do you hate money?
Energy can only be moved, the SHIB energy is likely to flow to DOGE.
Who knows how high!
Basically, once the light blue line can...
XRP has a lot going on regarding its legal battles and community backlash.
But one thing about this coin is it follows TA is a very interesting way.
But you can like figure it out to some degree
And my interpretation is that once we start building steam past $1.31 and $1.70,
XRP may have one of its largest pushes yet.
This also may be coupled...
You can believe it or not.
Astrology affects markets.
Anytime a solstice or equinox occurs, market picks a direction until next one occurs.
This is a make it or break it moment for BTC.
Losing this 555 day trend can confirm a bearish trend is in place.
A bounce will likely send BTC to 60K by EOY
XRP seems to be printing a near replica of its last bull/bear/bull cycle
Top white box: Distribution
Red Ellipse: Breakdown & Accumulation
Yellow rectangle: Revival
White Rainbows: Double rejection on bear trend
Red ABC: Textbook retrace after rejection
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Anticipated Drop has occured. In my last idea, I warned everyone of this and urged to take profits!
The blue line is the 50 week MA. BTC has never just broken right below after a new high was formed.
It has ALWAYS bounced. I expect the same.
That retracement is between 30%-50% of the drop from high.
That same retracement lands BTC...
THIS IS A MAJOR FIND ON BITCOIN!
BITMEX FUNDING INDICATOR
NEGATIVE funding- Always bullish !
POSITIVE funding - Always bearish!
FYI- A negative funding rate means that shorts pay longs, and a positive funding rate means longs pay shorts...
It has been a very slow last two months. This may be close to an end!
Total had a successful breakout of its falling wedge pattern. (55 day bear trend has broke).
Price is now currently retesting its breakout. (break & retest).
This super bullish As long as 1.37T can hold.
GET READY FOR A POTENTIAL REVERSAL!
Please comment & like!
IS it time to be worried? The Log MACD signaled its first bearish cross since $10k. Each major cross above the .25 value on the MACD has resulted in a minimum -40% pullback.
To make this scenario more valid, there is a trend line that has been lowering over the years as each MACD top is lower although price is higher. This trend has 4 touches on it...