On the above monthly chart price action has rallied 100% since March 2023. The rally follows the break of market structure in April 2022. The recent 100% rally has printed a rising wedge. This is a bearish chart pattern. Price action prints a bearish engulfing candle at broken market structure. Market structure resistance is also previous support that saw price...
For anyone interested in crypto tokens that are not Bitcoin or Ethereum, you’ll want to give this post your full attention! The above 10 day chart is very important for anyone speculating on alt tokens. The highlights: 1) Bitcoin dominance support and RSI support have broken market structure. That’s not my opinion, it is a fact of the chart. 2) Significant...
On the above weekly chart price action has corrected over 90% since early 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Look left. Price action has now confirmed support on past resistance. 3) A weekly life cross prints. 4) Lastly, price action has exited a bull flag. The...
There is growing evidence for it. On the above 10-day log growth chart price action has been riding the ‘mean’ log growth line for a little over 1 year now. Throughout this whole time price action trades within an ascending channel, a bear flag. Within this bearish channel a smaller bear flag is printing. A measured move on the smaller bear-flag confirmation...
On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including: 1) You know why.. 2) RSI resistance breakout. 3) Multiple oscillators print positive divergence with price action. More or less all of them. 4) No stock splits. 5) Some other things,...
** Swing trade opportunity ** On the above daily chart price action has enjoyed a 40% move despite the calls from camp bear. A number of reasons now exist to be short, including: 1) A sell signal prints (not shown). 2) Regular bearish divergence. 3) Failed MFI support. 4) Stochastic RSI crosses down 80. Look left for what happens next (blue circles) Lastly,...
On November 27th, 2023 the “Collapse to $30” idea was published (below). The idea was met with some rebuttal, shall we say. The evidence for a collapse in Litecoin price action has only grown in the past few months. A new candle prints on the above 2-month chart in 14 days. If it prints as is, it will be a Gravestone DOJI. Such candlesticks on this timeframe...
On the above 4 day chart price action has risen 800% since last October. A number of reasons now exist to be short, including: 1) Price action support has failed. 2) Regular bearish divergence. This negative divergence can also be found on the BTC pair of the token (below). 3) Price action is following the Gaussian channel after a strong rally as shown on the...
The alt-token market offers some interesting opportunities following retail capitulations. At this moment there is a handful of plays that generally exist under the $100m market capital evaluations. It is worth noting some of my best first long exposure to alt-tokens were below this market cap. That includes MATIC (idea at bottom), and Solana, and Cardano. How was...
On the above 2 week chart price action has printed two significant macro indications: 1) Broken market structure, failed support. 2) A lower high, trend reversal. Beginning from 2023 price action entered an upward channel before a breakout in December. This move in price action created a bear flag pattern. A forecast may now be measured from the last downtrend...
On the above 4-day chart price action has corrected over 90% since the sell signal in February 2021 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout. 3) Strong positive divergence between price action and multiple oscillators. Just as was with the Highstreet idea, 10...
Since August of last year price action has risen to provide a 1700% return as forecast (long idea below). A number of reasons now exist to appreciate long risk far outweighs reward. On the above 8 day chart: 1) Price action has arrived at legacy resistance in the uptrend channel. Look left. This is also true for the FET.btc pair (below) 2) As with previous...
On the “Alt-coin market preparing for a 10x move” idea from July 2023 (below) it was written: “A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective.” Legacy token holders are slowly coming to the realisation this was not...
Amazingly everyone is still bearish. The ideas on Tradingview talk for a 30-40% correction as does much of social media. Popular cypto Youtube channels share a similar narrative. Terrific stuff. As a contrarian my opinion is very different from the crowd. Whether that be stocks or crypto. Am certainly walking in the opposite direction from everyone else. The...
On the above 4-day chart price action has corrected 90% since the sell signal in February 2021. A number of reasons now exist to be long, including: 1) You know why.. 2) Price action and RSI resistance breakouts. 3) Strong positive oscillator divergence with price action. Multiple oscillators currently print bullish divergence with price action over 136...
On the above 4-day chart price action has corrected 10% from the 4600 summer high to find support on the Golden ratio. A remarkable moment now exists to have long exposure. Why? 1) RSI and price action resistance breakouts. 2) Support on 2022 resistance. What a signal! 3) The Cup and Handle pattern confirmation is textbook. The handle breakout follows strong...
On the above monthly chart price action has grown 200% since May 2020. A number of reasons now exist to consider a cautious outlook. They include: 1) Bearish divergence. 5 oscillators now print negative divergence with price action as measured over an annual period. This measurement is equivalent to previous corrections. 2) Three rising wedges are shown. The age...
On the above weekly chart price action has corrected 95%. A number of reasons now exist for a bullish outlook, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) What was said above is also true for the ATA-BTC pair. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk:...