This is a quick and simple one. A tiny bit of information that might be useful to your chart analysis... Maybe for correlation, comparison or to open up to new perspectives, views, possibilities and ideas, we are talking about a chart. Here we have Cardano on the weekly timeframe, five weeks going down. ➖ The five weeks going down can tell us that a bearish move...
Here the leverage can now be increased. It doesn't matter if you entered before or after the peak, if you are doing it short or long-term; this is easy profits. Ethereum seems to be headed lower based on chart signals and lots of data we looked at in previous weeks. The correction might end up being boring... I think nobody is going to like seeing the market...
➖ Bitcoin produced a new All-Time High followed by a rounded top pattern. ➖ Bitcoin is now moving within a lower high compared to the newly established ATH. Any trading below the ATH —such as is happening now— can be considered a SHORT opportunity. The stop-loss can be set above the ATH. Below the full numbers... _____ SHORT BTCUSDT Leverage: 8X Buy-in:...
➖ This is now a high probability trade-setup. ➖ The bearish potential is very strong. ➖ The down-move has a high probability to happen next. This is the situation we are in now after months and months of being too early but the market conditions will continue to evolve, fluctuate and change. We have three days red; first time since January. We are about to enter...
Why are the Bitcoin bears shaking? Why are the Cryptocurrency bears shaking if we are supposed to be ultra-bearish? Why are they scared deep down? I'll tell you why, because the Cryptocurrency market is set for explosive growth and subconciously they know it. So the bears are about to get liquidated again and this is scary for them, that is why they are...
After hitting bottom what happens? After we hit bottom, there is no other place left to go but up! That's a true statement don't you agree? We have a true bottom here (All-Time Low) for SafePal (SFPBTC) and if only by a few satoshis what follows is a major bullish wave; notice the same recovery pattern... Here comes the weekly timeframe: ➖ Notice the ATL,...
➖ Bitcoin is now red for the fifth week in a row. ➖ Confirmation is no longer needed, the market is about to sell-off. We are looking at Bitcoin on the weekly timeframe. Notice how the week just started and we already have a full red candle. Normally we get the first half of the week green and the second red, on a normal week. This change in behaviour is...
Good morning my dear follower, please allow me to entertain you for a few minutes with this chart. Here we have Bitcoin on the daily timeframe; we are using mainly two signals for this analysis... Join me, let's dive in. Bitcoin Analysis ➖ We have the visible range volume profile indicator showing liquidity around 50K, 44K and 25/26K. ➖ We can see BTCUSDT...
I can spot a perfect 5-up wave pattern from October 2022 through March 2024. A correction is likely to follow next. On the chart we have a classic Zig-zag (ABC) correction (5-3-5) but any type of correction can develop. It can be flat, complex, extended, irregular, etc. There is always the possibility that wave five is not yet over or that it becomes extended;...
Hello once more my dear supporter, let's review another chart together... We do this for learning just as we do it to spot trading opportunities. Good looking charts with nice growth potential. "High probability chart setups." This time we are looking at Golem (GLMBTC). I like the BTC pairings for many reasons but we will look at those in a different post. Let's...
➖ We have a bottom formation, Adam & Eve, developing and prices trading above the May 2022 low (grey on the chart). ➖ We have a strong RSI as prices moved recently above EMA10 and EMA21. ➖ We have a broken downtrend. Simple signals yet very strong. Once we hit bottom, the only place left to go is up! ------ ENTRY: $7.65 - $8.50 NEXT SUPPORT: $7.00 TP1:...
It won't be easy to choose the pairs that will grow while Bitcoin goes down; this is the hard part. Many pairs will crash really strong when Bitcoin produces the "meat" of its corrective move... I think the correction will be short-lived, in a way. That is because we are already almost two months in and nobody has seen it nor felt the pain. The crash will happen...
A strong bullish divergence with the RSI; Rising volume with a rounded bottom; RSI above 50 as prices come out of a new All-Time Low; Let's start with ENSBTC daily RSI The strong bullish divergence starts in June: ➖ ENSBTC = Lower low October vs June ➖ RSI = Higher low October vs June The rounded bottom is a classic with yesterday's session producing...
➖ Toncoin (TONUSDT) is now entering what is likely to be a very strong correction/bearish wave. This is clear based on a descending triangle as a top pattern, as well as the highest bearish volume ever on the 19-April 2024 session. These two signals are more than enough but we also have a weak RSI. ➖ Toncoin hit bottom June 2023 and grew all the way through...
There is no limit to how far up it can go... How are you feeling today my fellow Cryptocurrency trader? I hope your week and month starts just fine, or better yet, great! I am hoping that everything is going good for you and if it isn't, here is a great opportunity. Many charts, many options, many Altcoins, many pairs, many trades... With lots of many, there...
This is the weekly timeframe and the action is already pretty advanced; Contentos has been growing since October 2023. Since Oct. 2023 COSUSDT started its last major bullish wave, but technically speaking growth has been happening since November 2022 when a bottom low was hit. ➖ COSUSDT just hit a new multi-year high, as high as back in April/March 2022,...
The falling wedge pattern without a doubt is a bullish reversal pattern. A breakout from a falling wedge can take its time to play-out which can be appreciated here as the pattern has been going for more than 1,000 days or almost 3 years. Other than this pattern, what other signals point toward a reversal? I can think of two right away: 1) Trading volume coming...
Tomorrow, 25-April, is a very important date astrologically speaking. Certain planetary movements are pointing toward the resumption of forward action. What would this imply for Bitcoin? ➖ Bitcoin peaked 14-March and has been consolidating since. ➖ Bullish momentum has been going down. ➖ The current bias is bearish based on multiple bearish signals such as: high...