It is sickening. Glassnode is continuing to indicate wallets that bought Bitcoin last year are the ones selling. Yet I know there’s a high probability price action is about to move back up to $48k. Regardless of ‘how’ I feel about this, the market needed to move those players off the board. On the above 10hr chart price action has corrected a massive 40% since...
There is a high probability the 50-day EMA crosses down the 200-day EMA between July 27th and July 30th. Price action would need to sky rocket into a 5-figured sum to avoid this outcome. IF price action remains under the 200-day EMA at the time of the cross, Ethereum WILL be in a technical bear market. Look left, it is very clear what will happen. I’m befuddled...
On the above 1-day dollar chart (left) price action is printing higher lows within an ascending triangle formation. On the ATA/BTC chart (right) multiple oscillators are showing bullish divergence with price action following a 55% correction. In fact there is currently 8 oscillators showing bullish divergence - amazing. There is is no more resistance once price...
*risky but the reward…* Trawling through the Nasdaq at the 11th hour before a major correction reveals a number of interesting opportunities where the success of tech stocks have overshadowed the less successful of late. This trade idea is 100% technical without focus on the fundamentals. Atossa is a small Therapeutics business with a limited number of...
On the above 1-day chart price action has corrected over 75% since April. A number of reasons now exist to be bullish, including: 1) A ‘incredible buy’ signal has printed. 2) You know what, I’ve not got the time.. gotta dash.. Ww Type: trade Risk: <=6% of portfolio Timeframe: 1 - 3 months Return: 3x minimum
While most of the internet is talking about $100k BTC or $5-10k Ethereum, I can’t say for sure I’m really interested. After all those are only 2-3x gains. I’m really interested in 10x minimum. There be a number of alt-coins threatening to offer those returns as they break critical resistance. A couple of which stand out scoring high on my list. On the 1-day...
On the above 2-day price action has corrected over 90% since mid May 2021. Now is an excellent time to be bullish. Why? 1) A ‘incredible buy’ signal prints. 2) Regaular bullish divergence. Lots of it. Multiple oscillators are currently printing bullish divergence. 3) A dragonfly DOJI candle prints. 4) RSI resistance breakout. 5) On the 10-day chart (below)...
On the above weekly chart price action has corrected over 80% since the sell signal back in late 2020. A number of reasons now exist to be bullish , including: 1) The ‘incredible buy’ signal has printed. 2) Price action and RSI resistance breakouts. 3) Price action is back-testing past resistance as support. Is it possible price action falls further? Sure. Is...
** warning low market cap - small position size only! ** On the above 1-day chart price action has corrected almost 90% since mid-November. Now is an excellent time to be bullish. Why? 1) Price action prints a ‘incredible buy’ signal. See 2-day and 1-day dollar and BTC pairs below. 2) Regular bullish divergence. Multiple oscillators are printing bullish...
Following a 80%+ correction and oversold condition (orange column) the above 10-day chart has printed an ‘incredible buy’ opportunity. Trading smart contract pairs is an excellent way to protect you dollar profits or better still increase them further, which is what this trade is about. (Dash/Zcash/XMR being another example of trading pairs). Swing trading...
So many interesting signals. Not to mention almost to the week this time last year the volume shot up on the same set up. RSI and Stochastic charts showing higher lows, support on 3-day bottoming candle now confirmed.
This is a very new project so not much history to go on. However a number of indicators caught my attention, the volume being one. Both on BTC and USD weekly charts. Volume increasing and by no small amount, 24-hour volume @ 30% of the current market capital. The volume follows a strong oversold period, marked in orange and dark orange above. Furthermore, support...
The majority of the market has no idea what is about to happen. An alert I had set up some years ago went off recently, had no idea why it was significant until studying. On the above 3-day chart the orange circles compare price action with the Money Flow Index (MFI). The MFI is an oscillator that measures price and volume data for identifying overbought or...
** risky - low market capital ~$18m ** Credit to @sashakusak for finding this - thank you! On the above 1-day chart price action has corrected 60% since late November. Now is a excellent time to be bullish, why? 1) A ‘incredible buy’ signal has printed. 90% probability of price action upward move. 2) RSI + MFI resistance breakout. 3) Points (1) + (2) are...
The above 4-day chart printed a warning with yesterday’s candle. Following an amazing 6000% rise against BTC and overbought condition (green column)... there is now a bearish head and shoulders reversal pattern. Ideally price action will now rise to confirm resistance on previous support (orange line). During July we saw bulls push through resistance to enter...
On the above 2-week chart price action has appreciated 1600% since the life cross back in September 2009. A number of reasons now exist to be short, including: 1) A sell signal has printed (shown on 4 month chart below). 2) Confirmed regular bearish divergence. 3) The ‘pi-cycle’ market cycle top alert has trigged, indicating an end to this cycle. 4) The...
On the above weekly chart price action has corrected a massive 85% since the sell signal back in December 2020. Now everyone is calling for a recession and stock market collapse. We’ll see. A number of reasons now exist to be bullish, including: 1) A buy signal has printed. 2) Regular bullish divergence. 9 oscillators are currently printing bullish divergence...
Cardano smashed through the 50 MA on the 3-day chart on the 3rd attempt since the consolidation period began 3 months ago. Should 50 day MA become support, then there's a strong chance the bottoming candle will become support.