CryptoSyphn

CryptoSyphn Updated 

For the last few months, many have been debating if BTC is still in a bear or bull market, with most calling for new lows in the near future. As we look at the BTC weekly chart we see several clear levels of support and resistance that price has been respecting for some time now. I will be the first to admit, the price action has been slow and not very clear in...

CryptoSyphn

This monthly dominance chart shows that we're at a historical support line that has held since the inception of alts beginning to take over the market back in 2014. This shows a clear sign the market is beginning to develop an appetite for risk moving into the end of the year, and will likely dramatically increase in 2024. I don't belive this will happen...

CryptoSyphn

As we continue to monitor the broader index market we see many discrepancies between the S&P, Nasdaq, and Dow Jones. All 3 are not displaying the same level of strength, but what they do all have in common is signs of weakness with this last rally. Although I'm open to the idea that the markets have bottomed, I still think its more that we still have 1 more leg...

CryptoSyphn Updated 

As we look at the Walmart chart we see a strong rally due to "earnings" but will the strength of the bulls last? I've been bearish on stocks for months now, expecting another swipe of the lows, or possibly even a new low in the coming weeks/months. Walmart is no exception to this outlook, we see a LARGE gap left behind from the last dump and now we're seeing a...

CryptoSyphn Updated 

As stated in my last Chart a few months back, we are finally approaching the 2-week 100 Simple moving average. This moving average has historically acted as a magnet & major support for the market for the last 5 years. It would make logical sense that we see the same thing happen again. I see many calling for a $12K bottom, which is entirely possible, but we'll...

CryptoSyphn Updated 

I've never been a big fan of Tesla, especially since speculation is rampant on a stock that does NOT pay dividends, but I digress... Tesla look to have coiled up in a symmetrical triangle or what could also be a head and shoulders pattern, "IF" the pattern were toplay out we could see price fall as far as $110. So far my short from $275 is in profit, but I'll be...

CryptoSyphn

Much like many other stocks on the broader stock market we see some large bearish patterns just looming over the heads of investors. There is no certainty most of these will play out, we all know th FED and pivot any moment and that will cause a large squeeze in the market. However, in the meantime we see what looks to be a large Head & Shoulders on Ford that is...

CryptoSyphn

We all know this stock saw a large rise due to world conditions over the last few years, but since that has mostly come to and end, it's time to let MRNA rest for a while. This looks like a massive Head & Shoulders if I've ever seen one, this could bring price as far down as $30, but more than likely will find some major support at below $90 in the medium term....

CryptoSyphn

I've been following Apple over the last 6 months and I can't help but shake the feeling this ascending broadening wedge "could" end up playing out. I know it's incredibly popular to be bearish now, which is usually a sign for me to put on the contrarian hat, but I still see this a decent probablity.

CryptoSyphn

I'll keep it short, historically Bitcoin has ALWAYS respected the 2 week 100-SMA. Will it happen again?

CryptoSyphn Updated 

As we look at the $42K price zone we see a lot of confluence in this zone. BTC is currently at a very important price juncture and how it reacts will dictate the direction the market takes in the coming weeks/months. Personally, I'm in the bullish camp and I believe BTC has the steam to continue the bull market, unlike many others believe. I believe this price...

CryptoSyphn

As we examine the Gold chart we see the volatility has been increasing over the last few months. Many believe the price of Gold has become stagnant and will not perform well this year. As we look closely at the chart, we see the price has sold off over the last few weeks but seems to be holding support levels so far. It's possible we're seeing an Inverted Head &...

CryptoSyphn Updated 

Silver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you...

CryptoSyphn Updated 

Gold has finally come back to test its major support zone, looking closely we see 2 separate indications of hidden bullish divergence on the weekly chart. I believe Gold is ready to make a nice reversal in the coming weeks/months.

CryptoSyphn

The chart you see above is the Dollar monthly chart showing the last 40 years..... As you can see, the last 3 times we got a cross of the Orange 21EMA & Blue 50EMA, we saw a drop in the dollar for 5 years, followed by another 5 years of sideways action for a total of 3650+ days. You'll also notice we have plenty of room to push further down on the RSI, MACD, and...

CryptoSyphn Updated 

BTC Weekly Historical RSI S/R Level Admittedly I'm not thrilled about the potential MACD cross incoming, but I see many levels of support below on the price and on the indicators. No doubt this is an intimidating situation, but so was the dump below $10k right before we broke $12K and shot straight to $40K. If you look closely at the RSI we see an S/R level that...

CryptoSyphn Updated 

This is an updated cleaner chart to my original ETH post on 4/3/2021. A weekly close above this historical resistance would be very good this weekend. Click the link/chart for the original post: Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.

CryptoSyphn Updated 

As we look at the ETH/BTC chart, we see a very large consolidation pattern very similar to Bitcoin before it broke out from its 3-year symmetrical triangle consolidation pattern. ETH looks to be setting up to make a very large move, in the not-so-distant future. We see the same symmetrical triangle with a well-defined inverted head & shoulders pattern that could...