Explosive_Cow

Explosive_Cow Updated 

Note: This is a short term trade. As we can see, a Wyckoff has formed and it could either keep falling or it could make an LPSY, which would be the optimal position to go short. I highlighted in green two demand areas which I drew on the daily. And the TP1 and TP2 are in the middle of those ares in which it would be a good place to buy. You can also buy in any...

Explosive_Cow

This chart TOTAL is the crypto market cap. It recently bounced off the 0.618 and 0.5 Fib. retracement taking the swing low several weeks ago and the ATH at $3bn. It also bounced off a previous resistance which is now support at $2.4bn, confirming the breakthrough of the resistance (a bounce lasting several more days would confirm this more). The pa is still...

Explosive_Cow Updated 

This is the BTC dominance chart (BTC.D), which shows the percentage of the crypto market cap which is BTC. ¿What does this chart tell us? If BTC.D is bullish, BTC is outperforming alts. If BTC.D is bearish, alts are outperforming BTC. IMPORTANT : This chart on it's own doesn't tell you if BTC is bullish or bearish. If the price of BTC is going down and...

Explosive_Cow

Note that I'm not a financial advisor, this is just my opinion and I am not recommending anyone to buy or sell. DYOR and don't just listen to an Explosive Cow. I am bullish on the altcoin market (TOTAL2 is the market cap of all the altcoins), although at the moment I'm uncertain weather altcoins will outperform BTC. The reasons I'm bullish are the...

Explosive_Cow

I am writing this because I think some people are switching from altcoins to BTC and it may be to early to tell what point of the cycle we're in. I do believe that altcoin season may have ended and now we are in BTC season, but I don't want to jump to conclusions to early because BTC is at a resistance I will show in my next post. Remember, the daily chart is...

Explosive_Cow

So as we can see here, there is a pennant forming in TOTAL3 (altcoin market excluding ETH). It's basically the same in TOTAL2 (altcoin market with ETH), but there are more points to the upper resistance trendline on the pennant in TOTAL3, so I thought it was more accurate. As this is a continuation pattern, it's most likely to have a breakthrough. In that...

Explosive_Cow

So VXRT has been consolidating in a symmetrical triangle since Jully 2020. We can see there was high volume coming into the pattern and a decrease in volume throughout the pattern (more visibly on the monthly chart), verifying its reliability. Note : the graph is in logarithmic scale. The Fibonacci Retracement is taken from the swing low the 9th of November of...

Explosive_Cow

So basically I realized there has been a pattern with the RSI and the 20 and 50 daily MA ever since the bull run started in March 2020. For starters this has happened every time the price is above the 20 and 50 daily MA, now ADA is above the 50 but not the 20, so if it goes above 20 this is more reassuring. Taking 47 as support for the RSI, there have been...

Explosive_Cow

I have never seen anything like this before and I am doubting that I maybe I interpreted the pattern wrong. If there is a breakdown we could see the NDX perform worse than the SPX.

Explosive_Cow

I haven't been investing for that long and at the most I've seen a triple top. I don't know if I interpreted this wrong but I'm seeing five wave crests. Assuming I'm right, if triple tops are strong and quadruple tops are stronger, quintuple tops would be even stronger. With this being said, if a breakthrough happens in the NDX/SPX, we could see the NDX start to...

Explosive_Cow

So I'm very bullish on ADA, but there is a good chance it will correct about 20%. I have marked a resistance zone on the RSI and every time it has reached this area there has been an average correction of 27.76%; I excluded the bear market in 2018, the crash in February 2020 and in May 2021 because I believe ADAs technicals and fundamentals are bullish unlike in...