Circled in black on the above weekly chart a Dragonfly DOJI on the 21-week moving average has formed suggesting a strong move to the upside is about to occur. 1st target 5 cents or 1000% away. If we zoom out a little we see on the weekly chart below: 1) The Dragonfly DOJI has formed on and above two critical moving averages: a) The 21-week moving average...
750 days to the day the alt-coin market price action has been testing the above support & resistance trend line (blue line) not once, twice, thrice, four, not five nor six, but now seven times! On this seventh occasion resistance was broken through with a very convincing / solid 4-day candle. The orange line is was previously resistance on June 6th 2018, when the...
A bearish rising wedge pattern can be seen forming on the above 1-day chart. The formation occurs while: 1) Dominance is testing the 50-day moving average as resistance (blue line) following a break of support = bearish. 2) Stochastic RSI is crossing down 80 = bearish. However the bottom oscillator, Money Flow Index, suggests resistance is no longer offered -...
There is a lot I mean a lot of chatter of an expected December Christmas rally into the new-year; sell in the first quarter for some easy returns. Over the years I’ve observed this phenomenon with Ethereum, it is intriguing. However I think being complacent is asking for trouble so I deicded to ‘look left’ for some evidence of an up and coming rally. The orange...
Following a 77% correction in price action and oversold condition (orange column) we now have an incredibly buy opportunity. Price action is showing us regular bullish divergence with the oscillators, most notably RSI and the Money Flow Index (MFI). Additionally Stochastic RSI is crossing up 20. 1st target 75% from here.
Continuing with my scan of the 10-day charts today I’m happy to inform exhausted alt-coin holders the spotlight for Bitcoin is about to change direction and now focus on the alt-coins. The above 10-day chart recently just printed a candle with strong upward momentum. (Labeled ‘wow’ and a previous one before it). Buyers are clearly taking everything sellers have...
First a little show and tell. The chart below is the 3-day chart of the XRP/USD pair. The two lines you see are the 50-day* moving average (blue - yes on a 3-day chart and the 21-week (green) moving averages. When we have a 3-day life cross (black circle) and price action finds support on the 50-day an explosive move follows. The 3-day chart above of Spend we can...
This idea could easily make you fortune - but can you hold? Statistics suggest the majority of people cannot - but I'd like to see that change. Following a 90% correction and oversold condition (orange / dark orange column) on the above 3-day chart, I'm now asking myself, is another 2000% again possible? The explanation: The black circle on the 3-day chart...
Following a heinous 90% drop in price action since April and oversold condition (orange and dark orange column), we now have an incredibly buy opportunity. Regular bullish divergence is apparent and with volume on the above 1-day chart. 1st target 150% from here. 4-day bullish chart - Price action exits oversold condition and crosses up 20 on the Stochastic RSI.
Following a 95% correction and oversold condition (orange columns) on the above 1-day chart we now have an incredible buy opportunity. Some facts of the chart: 1) Regular Bullish divergence (blue line) between price action and money flow index. 2) Point (1) together with following increasing volume - bullish. 3) Hidden Bullish divergence (orange line) - this...
Following a 10,000% (yes ten thousand) rise in only 604 days (Some folks would argue the Bull run for Link has not yet begun - oh dear); we now have the above 3-day chart showing significant reversal indications. They include: 1) The oversold indicators (Green columns) with following lower highs in RSI. 2) Gravestone DOJI candlestick recently printed as...
Following a 80% correction and oversold condition (orange column) the above 1-day chart is now printing a regular bullish divergence. Although it is small to see, Stochastic RSI on the weekly chart below is crossing up with volume following the oversold condition - risk / reward is excellent at this time. 51 sats, current price. 1st target 1000 sats, or...
Potential 1000x? Yes thousand, those opportunities are something I look out for, none is so more true than in the DeFi space. Especially the stable coin space, which I think is going unnoticed for the time being, despite their exploding demand. For potential 1000x opportunities I look for 3 things: 1) Hair on fire problems. 2) Getting in early. Very early. 3)...
That was the date which saw the indicators I track on the above 3-day chart that caused the dark green strip to illuminate (Green column / dark green column - Callout below - upper black circles). I’ll not articulate here was conditions I use, it is a script I wrote some time ago. What does it mean? This overbought condition I consider hazardous, not only is a...
Following an extended oversold condition (orange / dark orange column) there is now evidence to support a trend reversal on the above 1-day chart. A regular bullish divergence between price action and the oscillators can be easily seen following a RSI resistance breakout. (Green line & call out). If you are long Ether this is an excellent moment to increase that...
Back in August I publish the idea below on the 6-day chart of a life long trend line Bitcoin has found as support and is now acting as resistance. A rising wedge was formed, price action broke to the underside of the wedge and is now testing resistance. But what if that resistance is broken? The 10-day chart above considers this scenario. The monthly resistance...
Following a 60% correction from August highs and oversold condition (orange column) the above 1-day is now indicating an ‘incredible buy’ opportunity. On the 2-day chart below a bullish divergence is clearly visible with volume following a seller capitulation (tall red candle) with price action testing the lows of March. 1st target $1.40 / 1200% from current levels
Yet another oversold alt-coin, this time 96% from the August highs. On the above 2-day chart following the oversold condition (orange column) we have a month long bullish divergence set up between price action and the Money Flow Index (MFI). Additionally Stochastic RSI is crossing up the 20 = bullish. Is it possible for price action to fall further? Sure. Is it...