smumoot

smumoot

BTC Dominance seems to have bottomed out

smumoot

Looks to me like an ascending triangle with a bunch of tests of $48.2k. I was prepared for a larger break down to the trendline at $45k, especially with the embarrassingly weak action the last few days. It may still, I'm not totally convinced. Anyway, the closer we creep to that top, the more likely we breakout... and I would guess the volume comes after a...

smumoot

Looks to me in the 4HR timeframe and up that we are in a big 'ol pennant. You could short from here for a week, long from ~$33000 or both, but my bet is that this confirms the bottom of the pennant, resets the weekly RSI a bit and breaks to the upside later next week. The easiest trade on this analysis would be long at $33000 with a tight stop loss below the...

smumoot

We seem to be in the middle or upper range of a channel. I’m waiting to see a breakout or retest of the bottom. Until then, too hard to tell what’s going to happen.

smumoot

I think we are going to see one more drop to ~179XX before breaking through $19000. It looks like we will climb to just below $19000, see another dump to reset indicators and run up. I have longs set at $18400, $18200 and a more substantial one at $17987 hoping to catch a batter price before the breakout.

smumoot

Pennant playing out. Many attempts to break to the upside... I would love to just break up here but I still believe it has another trip down first. You can see from the lines (log in red, linear in yellow) that the range is somewhere between 10k and 5k. I think buying right now will be a ‘top’ in the short term but a bottom in the longer term. I intend to save...

smumoot Updated 

I see 5k - 8k range until the summer based on this very long-forming pennant going back to 2016. I would be very concerned if we broke below 5k and stayed there at this point, and jubilant if we at any point in the summer we close a week above 8k because it should confirm a breakout. Seems like we are coiling up over a long time frame. If you believe this will...

smumoot

In all my previous charts I anticipated NPXS breaking out of it's humongous falling wedge/channel at SOME POINT... I initially thought it would be early July... then I thought it might be after we rode 5 sats for a while... and we did sit on 5 sats for an entire month... but it was not enough to start the curve upward. At this point, it seems that it is most...

smumoot

A lot of folks on Reddit, Telegram and Twitter are panicking about it 'going to zero' but I've been following NPXS since it's failed push into the 20 sat range back in March and I have to say... it is just staying in the falling wedge excactly as one might expect. I did think that the token burns earlier this month would have driven price more, but it looks like...

smumoot

NPXS seems to not be in a hurry to leave it's channel the past few weeks... even the most recent surge to 14 sats it stayed inside the channel, and after the pump, it fell down to bouncing off 9 sats as of June 17th. I think we are seeing a double-bottom forming over the next two or three weeks until mid-July when the numbers are announced for the first coin burn...

smumoot Updated 

$NPXS is still in a downtrend for better part of a year, but with airdrops done, and burns increasing... chances of a breakout from the channel is good. No predictions on price but others on TradingView see 22-35 sats as a reasonable mid-range target once price breaks free from the current channel and I agree. If price closes for a day or two above 13 sats at...