HaydenOtto

HaydenOtto

Last week CRYPTOCAP:PEPE broke out of an inverted head and shoulders formation and it seems to be correlated with mania surrounding $GME. We have since retraced much of the move to retest the pattern's neckline and so far it has held. Looking for price to move now to 0.000012-0.000014 in the short term, which would be up to 50% gain! On the shorter timeframe...

HaydenOtto

Last week NEAR completed an inverted head and shoulder pattern. The breakout had good volume and over the weekend we have retested the pattern's neckline, confirming it as support. I anticipate price to begin moving up to the target area.

HaydenOtto Updated 

Bitcoin ETF flows have continued to exceed recent expectations. On average it would seem we have been seeing about $500M in new money come in every day. If this continues, which I expect it will, price will continue toward the previous Bitcoin ATH around $70k very soon. In short term however, I think price will hit the $60k area by or in March. This is the...

HaydenOtto

Weekly candled closed inside cloud, signalling E2E trade activation with target of $25. At the same time we broke out from a multi-year descending triangle formation, which signals a bullish price reversal. Fibonacci extension on the parter targets $24-25 area as well.

HaydenOtto Updated 

Filecoin just closed within the weekly cloud which signals an E2E trade entry. The conservative cloud target is $36, but could also hit the $63 area this year if it goes up fast. Price is currently consolidating within a multi-year symmetrical triangle, which I anticpate will soon come to an end. Upon breakout the measured move, based upon the fibonacci...

HaydenOtto Updated 

Ascending triangle breakup, on Blackrock ETF news, with target of approximately $2900-3000 based upon 1.61% fib level. In addition, on the weekly timeframe when looking at the Ichimoku cloud, an edge-to-edge trade has activated and it points to the same target. ETHBTC chart bounced off support at 0.05 and is heading for upper resistance of a multi year wedge...

HaydenOtto Updated 

A head and shoulder reversal pattern has formed on $DOT. If CRYPTOCAP:BTC continues to dump it will drag down altcoins with it and this pattern will activate. If that happens I expect it will bounce around the 161.8 fibonacci extension which coincides with a retest of a major falling wedge pattern that we broke out of earlier this year. I remain bullish on ...

HaydenOtto

Edge to edge trade activated on the weekly cloud. Price will look to return to the 50% fib level of the previous drawdown which is a 400% gain from current levels. Some other positive DOT news is that the community recently voted to implement a deflationary mechanism by burning the revenue from Coretime sales. This should help with long term price appreciation.

HaydenOtto Updated 

CRYPTOCAP:BTC price has been consolidating at highs as we await the imminent ETF approval announcement. At this point a bullish pennant pattern has formed and the daily bollinger bands have tightened, signalling that we will soon see volatility that triggers a breakout. In terms of targets, the fib extension of the chart pattern says 47.3k to 49k. I am keeping...

HaydenOtto Updated 

Fuelled by its imminent ETF approval, Bitcoin broke past resistance at $28,000 and has seemingly begun a new bull market. For those of you who got in on this move, myself included, I have identified what I think will be a temporary top and a good place to take profit within the next 1-2 months. On the 1W timeframe we can see the cloud edge to edge trade is in...

HaydenOtto Updated 

Ethereum's price performance has ultimately been disappointing following the merge in 2022. Last week's futures ETF news was not enough to save it from breaking down from the ascending triangle, which price has been consolidating within for 15 months now with declining volume. The ETH inflation rate has recently risen because of declining on-chain activity. A few...