CryptoKoryoDefi

CryptoKoryoDefi

Next FOMC meeting is in November and there is not new catalyst until then. Expecting some Uptober rally. Idea would be invalidated if we close on the 2D below $1220

CryptoKoryoDefi

Both in 2013 and 2017, the market top occured when the montly $BTC RSI reached 96.2 Although a sample size of 2 is insignificant to draw any conclusions, it's just something to have in mind. If it happens (in 2022), then you know it's time to cash out. But it might not happen and the market cycle might top at lower RSI values.

CryptoKoryoDefi

The 10 EMA on the Bitcoin monthly has been so far been a good indication of the bear market or bear trap (start of the pandemic) Now we are below it and it's likely we will close the monthly below it. Pure speculation: Given the FED meeting in March, we might have a low mid to end March and then a new rally should start in April.

CryptoKoryoDefi

There is a possibility right now that the downtrend on BTC and the crypto markets haven already ended and we have started a new uptrend! The break of the 3 month trendline is an important event and so far we are still above it. It would be very bullish if it's tested and it holds. To fully confirm the uptrend, we would want to see a higher high, which being...

CryptoKoryoDefi

A daily close above this diagonal would be very positive. Around $40.5k Daily close above $44k would be super bullish! It would fully confirm a new uptrend. Finally, the price is increasing in decreasing volume which is usually not a good sign. As per now, I'm not convinced BTC will break the trendline. But let's see.

CryptoKoryoDefi

The inverse correlation between BTC and the US dollar is striking through the last months. DXY has held the green trendline strongly and after the FED FOMC meeting from yesterday made a strong breakout from the symmetrical triangle. The next important resistance for $DXY is near the BRN $100 so it still has some upside potential! Difficult to not see BTC going...

CryptoKoryoDefi

Today, we are looking at the 3D chart of bitcoin and the MACD. Since 2022 (and even before but not on the chart), you can see how incredibly strong buy signals the 3D bitcoin MACD bullish crossover have been. Every time, we've had strong rallies that followed after. For the moment, we are far from a bullish cross and both MACD lines are strongly trending...

CryptoKoryoDefi

The next level we are closely watching is the $28k. We are having a strong bearish Marubozu candle on the $BTC weekly. Let's see how it closes but it's unlikely we don't go lower. Note that there is no strong support level between $19.5k (previous bull run's top) to $28k. So not sure how low we can go if $28k doesn't hold. $22.9k would be the low based on our...

CryptoKoryoDefi

In theory, any asset could go to zero but looking at the past data helps have a better guess. For a worst case scenario on bitcoin, let’s assume we are already in a bear market. We can have a look at what happened during the last 2 cycles and using Fibonacci retracements, we could try to come up with a floor price based on the last two examples (although it’s...

CryptoKoryoDefi

Our bot recently shared a DXDX signal. We retested the previous resistance yesterday and we are now moving up to the next outlined resistance. Let's see what it can do in the next days.

CryptoKoryoDefi

Our bot just sent a $THETA signal. That's the second time it sends a THETA signal over the last week. That's a sign of strength! THETA looks at long term support which is holding strongly so far. It has also good upside potential with a first TP at 10% and another around 40%! MACD also turned bullish today on the daily, RSI is looking good and the daily volume...

CryptoKoryoDefi

Ethereum Classic is one that we hear less about. But its chart on the 3D looks very good. ✅ MACD bullish cross ✅ Stochastic RSI went oversold and then bullish cross ✅ Bouncing from support ✅ Broke out of the diagonal ✅ High volume on the lower (4H) TF Entry: $30.7 to $32 or on the first pullback SL: $29 TPs: $36.94, $56, $76, $134

CryptoKoryoDefi

$AAVE has drafted a hammer like candle pattern on the four-hour chart. Additionally, this support came at previously broken resistance, a common occurrence. Notice how each of the previous green 4-hour candles have been on bigger than average volume. Red candles have been on smaller than average volume. This indicates support by larger investors. In essence,...

CryptoKoryoDefi

Another longer term swing trade. Entry1: Above $0.78 Entry2: $0.7370 to $0.76 TPs: $0.95, $1.22, $1.41 SL : $0.72

CryptoKoryoDefi

$COTI Diagonal support holding strongly on the daily. We just broke from the descending diagonal resistance. The Stochastic has also crossed bullish after going oversold. Market conditions are getting better since this afternoon, if it continues, COTI could be a good play for the next days/weeks! Wait for a pullback and bullish reversal confirmation to...

CryptoKoryoDefi

NEAR protocol is the 22nd most valuable cryptocurrency valued at about $9 billion. While the entire crypto market has been correcting, NEAR has been correcting too, but with a waveform that suggests a rally is about to resume. From January 4-9, the correction was an equal wave pattern. These patterns are a clue about the market's future path as they generally...

CryptoKoryoDefi Updated 

Since its listing on Binance, SYS has been holding above trend line support. A chart like this rewards long term holders as higher highs and higher lows are created. Just a couple of days ago, SYS popped up to another high continuing the series of higher highs and higher lows. We see further evidence of the uptrend noted in the Relative Strength Index (RSI)...

CryptoKoryoDefi

Bitcoin is approaching the lower end of the long term multi-year ascending channel. The low of the channel would correspond to around $33k. Another support would be the 89 weekly EMA which corresponds to around $38k. A weekly close on the 16th of January below $38k and we could say with confidence we are in a bear market. For the more bullish scenarios, check...