ben_walther

ben_walther

Bitcoin continued to consolidate between 60-61k yesterday. So far, 60k turned out to be a strong support level. Each dip to that level was bought up quickly. At the time, we see many altcoins bouncing nicely today. However, I don't think we are out of the woods yet and remain very cautious. Here's why: ‣ Bear Flag Pattern: Bitcoin continues to build a bear flag...

ben_walther

Injective's chart is setting up for something big. Let's look at what's brewing and how you can make the most of it! Key Chart Observations ‣ EMA200 Test: INJ broke above the crucial 200 EMA. This is always a key level to watch for any trend reversals. If INJ can hold above this level, it will signal a major shift in momentum. ‣ Descending Channel: Besides the...

ben_walther

After months of a downtrend, ADA seems to have found a bottom. Finally, slightly above the $0.30 level. Moreover, ADA printed a higher low on the daily timeframe, signaling buyers are stepping in at this level. However, it's definitely not time to rush into a trade yet. In this post, I will explain everything you need to know to set up a proper trade. So,...

ben_walther

Streamr (DATA) took a hit, dropping more than 8% intraday, but a lot on the chart suggests a potential turnaround is in play. 1️⃣ Chart Breakdown First, let’s focus on the bottoming formation. While it’s not a textbook cup and handle, it does display some similarities, with a rounded bottom followed by consolidation. This gradual bottom-building structure...

ben_walther

Bitcoin consolidated between $63k and GETTEX:64K over the weekend, with $62.8k as short-term support. However, it’s still struggling to break into the liquidity zone above $64.5k. As Monday began, the volume did not significantly increase. So, we’re waiting for the U.S. session to kick in for more action. Overall, the technical indicators remain favorable....

ben_walther

It's time for some more chart analysis! Today, I take a closer look at Arbitrum and try to find out if the token offers a promising trade setup. Let's dive in 👇 1️⃣ Current Chart Situation • Arbitrum (ARB) broke out of its long-term downtrend in early September after forming a double bottom at ~$0.48. • While technically out of the downtrend, two critical...

ben_walther

More and more altcoins have started to print super -exciting charts. ROSE is one of them. Let's dive in and see how a potential trade could be tackled. 1️⃣ Background ROSE broke out of its downtrend that started in June. More importantly, the breakout was driven by substantial volume. Even better, ROSE cleared the key resistance at $0.068 after the...

ben_walther

At the end of August, RUNE made a significant breakout from its long-term downtrend channel, signaling a strong trend reversal. Moreover, it was followed by multiple successful retests, adding further credibility to the changing momentum. In addition to the breakout, RUNE has also formed an inverse head-and-shoulders (H&S) pattern, a classic reversal indicator....

ben_walther

SUN/USDT shows signs of strength after a period of consolidation followed by a U-shaped bottom formation. This pattern often signals the end of a downtrend and the potential for an upward move. We’re waiting for a clear close above the ~0.028 resistance level (marked by the grey consolidation area) for a safe entry. A close above this level confirms the breakout...

ben_walther

DOG is showing a classic double bottom, signaling the potential for a reversal. The recent price action points to consolidation, with strong volume supporting this move. We’re waiting for a breakout above $0.0028. A clean close above this level could ignite the move higher. First target is $0.0037, giving a solid upside from current levels. If the broader market...

ben_walther

On the 4H Chart, Bitcoin broke out of the ascending channel, which was a super important step. Initially, it looked like a rejection was in place, but Bitcoin is holding this level for now. We’re not out of the woods yet, but the chart is starting to look better. Good. The chart still shows strength based on all the indicators we discussed lately. MACD looks OK,...

ben_walther

Kava (KAVA) has shown significant strength with a recent massive breakout, accompanied by heavy volume—always a promising sign. Before this move, KAVA had formed a solid double-bottom pattern, a classic reversal indicator suggesting that selling pressure has been exhausted. What I Am Watching $0.43 Resistance: The latest pump was rejected at this level,...

ben_walther

SAGA has been quietly accumulating since mid-June, with the volume during this period significantly higher than on its earlier drop. This signals strong accumulation and interest at the lower levels. Now, with a breakout above the key $2 level, the token has made a decisive move. This could just be the start of a larger run. The next resistance is at $2.80, and a...

ben_walther

Kadena (KDA) has captured significant attention today. The token is one of the top gainers, with a peak of over 30% in intraday trading (it is currently still up +18%). The surge has been driven primarily by Binance’s announcement of launching USD-margined perpetual contracts for KDA. The big question is: Does this pump signal a long-term reversal, or is it a...

ben_walther

In this analysis, I’ll discuss why the long-term outlook for Bitcoin remains bullish—even if the short-term moves seem unpredictable. Here’s what's contained: • What the descending channel really means • How liquidity pockets can trigger massive price surges • The crucial levels to watch next Let’s dive in👇 Since March, Bitcoin has been trading in a descending...

ben_walther

At 6 pm UTC, Jerome Powell (Fed Chair) will announce the Fed's decision. Currently, the market swings between a 25bps and 50bps rate cut. As mentioned, I prefer (and advise) staying sidelined during such days. Volatility can be crazy and unpredictable. However, I will analyze the decision and give you a complete assessment in tomorrow's edition. Bitcoin...

ben_walther

SUNDOG has recently found a local bottom and is now testing the critical resistance at $0.34. The price has been steadily climbing, and all eyes are on whether it can successfully break this level. Here's all you need to know: 1️⃣ Ideal Setup For a solid bullish confirmation, we want to see a clean break above $0.34 followed by a retest, flipping this level...

ben_walther

We’re entering a critical phase where the charts are setting up for a decisive move. However, it might not happen just yet. All eyes are on tomorrow’s key event: the Federal Reserve meeting and rate cut announcement. Volatility on the Horizon, But... With the Fed's upcoming rate cut decision, Bitcoin could certainly experience more volatility. However, I...