TheAceOfAlts

TheAceOfAlts

Is the $TOTAL crypto market in one massive Wyckoff distribution?

TheAceOfAlts

Very interesting correlation between Bitcoin cycle peaks/bottoms in comparison to the strength/weakness in the $USD. The $DXY is coming into historical resistance, is this time different? or as shown in the past, be an indicator that we are going to see strength in Bitcoin once again?

TheAceOfAlts Updated 

The UK100 is looking very bleak for the foreseeable future. A massive rising wedge has formed on the 3D and looks to break at any point in the next couple of months. Combine this with rising inflation and fears of conflicts in Russia, all provides the perfect setup for the UK100 to take a large pull back. It is also worth noting that the OBV has broken down...

TheAceOfAlts Updated 

Both of the Wyckoff distribution scenarios for BTC in the coming year.

TheAceOfAlts Updated 

Are institutions now running the show? All perfectly coming to one point before the next bitcoin halving in 2024

TheAceOfAlts

ETH/BTC has been consolidating for 300 days, A break out would likely send it screaming towards a BTC all time high. A BTC solo rally is the only thing standing in its way.

TheAceOfAlts

1 day analysis of my current thoughts of the movements in the market short term

TheAceOfAlts

BTC.D looking very strong on the 3D after forming a triple bottom. I expect BTC to lead price action and most alts to lag behind. 45% is a crucial area for continuation. If we break through I expect BTC to continue sucking a lot of the capital out of many overvalued alts coins. However if it stalls, Alts could see another run. One coin that i think will be an...

TheAceOfAlts

Jheez - very similar Wyckoff bitcoin weekly ......................................................................................................................

TheAceOfAlts

An interesting set up currently on the XRPBTC chart. Not only is it the exact same setup that made BTC longs appealing at the bottom, it also has strong support where it reacted positively last September. Does this mean it will go up this time? No. However its an area i will definitely be looking to start some long positions if the trend continues.

TheAceOfAlts Updated 

A BTC weekly close above 5100 would be considered bullish and would set up potential Long opportunities next week. However if that level does not hold a breakdown to previous resistance turned support levels would be very likely. I am currently waiting for the weekly close before entering in any positions.

TheAceOfAlts Updated 

Bitcoin's dominance rate reached 55.07% today - Its highest rate since Dec 16,2018. As of today it is currently 0.3% away from reaching its highest levels since September 2018. But was does this mean exactly? Since Bitcoin started its rally many Alts have both been taking a hit in both Sats and Dollar value. However, i believe Alts will be in for a relief rally...

TheAceOfAlts Updated 

Potential ETH long may be in play. No position executed yet

TheAceOfAlts

Potential ETH long may be in play soon.No position executed yet