funtimes

funtimes

The market just woke up and DOT has definitively broken out of the red arc it had been following down for months. I redrew the arcs to see what it looks like if we've already seen the local bottom. If the green arc back up to the channel top plays out, we will see DOT in the $65 range in early summer. If that is the case, smaller DOT ecosystem tokens like GLMR,...

funtimes

Just keeping my eye on this one. DOT is almost at the bottom of the channel here. I'm looking for support at $12.66. These are uncertain times, and it's hard to see how things are going to turn out in 2022. Best to wait to see whether the green arc confirms, or the red arc extends below the channel before making a move.

funtimes

The bottom arc of BTCUSD is quite clear, with many touch points, as long as you're willing to ignore the March 2020 black swan crash. The top arc has two clear touch points on the 2013 and 2017 market tops. It can be drawn many different ways, depending on where the next top is. In this chart, I draw it as if the 2021 top at $69K was a touch point on the top arc....

funtimes

We have such a clear trend line (Black) with a left shoulder, head, and now a bounce off the same line to start a possible right shoulder. The pink arc is another very clean pattern to watch with many clear touch points. We will soon get to where the two arcs collide at Decision Zone 1. Keep in mind the right shoulder doesn't need to be an exact mirror of the left...

funtimes

Just eyeballing the daily candles for the past month, you can see a pretty clear arc forming if you're willing to ignore the cascading liquidation wick down on December 4th. Putting the arc in the chart, there are already many perfect touch points, showing us the bottom has formed and sentiment now shifts bullish from here. As long as this arc holds, $69K will...

funtimes

Here we're examining some possible long term patterns on the weekly chart for UBT on the USD pair. I have held a bag of this for years, and use it to provide liquidity for the ETH pair on DEXes making a great return. In October, Unibright broke under a support line that had been intact since early 2020, that's the center line of the range on the chart. Not an...

funtimes

I aped into this (No research, YOLO style) after seeing it mentioned on InvestAnswers YouTube channel. Usually I'm very conservative and do a lot of research, and pick great projects for long-term holding. But I like and respect James and just wanted to put a small % into it to have a little fun. It turned out to be a great lesson and humbling! Haha. Now at the...

funtimes

In the lead up to its all time high near $1400 in January 2018, ETH had a long parabolic run (red line) followed by a consolidation (green circle) and ended in anther parabolic run of about the same angle trajectory (orange line). Then it made a perfect arc in the bear market of 2018-2019 and the current bull market. Now, in December 2021, it looks to be reaching...

funtimes

In my previous looks at DOTUSD, I drew the dominant long-term pattern as an ascending channel with arcs up and down the channel. Here I look at another possible dominant pattern: The giant wedge that has been forming since it was listed on Kraken, the first major US exchange to list it and have significant trading volume. We see a few things looking at the...

funtimes Updated 

After the initial breakout from the smaller bearish dome, I felt confident that the bullish arc would play out and take DOT to $95+ by year end. But alas... it was a false breakout! The parachain auctions didn't pump the price nearly as much as expected, and left a lot of us DOT hodlers scratching our heads. Looks like everyone wishing to participate in crowd...

funtimes

We had two well-formed short to mid-term arcs fighting for the future of the BTC price. The larger downtrending arc has definitively lost, as the trendline and smaller uptrending arc held. Look for a retest of the larger arc before a fast track upwards towards upper resistance. Re-entry and a daily close back inside the larger downtrending arc wall invalidates...

funtimes

In my last analysis, I said that if DOT breaks back into the smaller bearish arc after breaking out and then retesting, it would invalidate my target of $95-120 by year's end. That invalidation happened in the last dip, and today we see a possible second break to the upside of the smaller bearish arc, putting the original bullish scenario back into play. I...

funtimes

Here we see a cup and handle developing for BTCUSD. Let's see if it gets rejected at the short-term resistance trend line or breaks through. And, don't underestimate the power of the meme. There will be a lot of action around $69,420, and that price happens to be in the zone where the next decision on BTC's direction will be made. There is a very strong chance we...

funtimes

It seems impossible given the boring price action on DOT lately.. However, the current dominant arc is telling us a move to $95-120 is happening within the next month. Looking at the longer-term patterns, we can see it has all been happening exactly according to the patterns. That smaller arc had almost perfect touch points all the way, almost too perfect! It was...

funtimes

You can see the last parabolic arc, and how UBT climbed a clear channel up the arc wall and beyond before forming this new arc. The touch points on the arc walls are clearer than the last arc. The arc can still be adjusted depending on how it develops, but even if dragged longer, target will remain $4+ by EOY. If it breaks below the low touchpoint on the arc that...

funtimes

The bearish arc was broken by the power of the bigger bullish arc. Time to ride the wave up to the top of the channel.

funtimes

Continuing to look at arc patterns in the crypto market to find which are gearing up to perform best, consider Polkadex in the BTC pairing. The fundamentals are there, as it is a unique DEX project that will run nodes globally to make advanced trading possible on a DEX for the first time. Add to that parachain auctions coming, and the likelihood of PDEX securing...

funtimes

We see here a clear cup and handle pattern on SANDUSD with a breakout of resistance and a touch to support in progress. Also about to touch the arc wall on the handle. Very bullish here.