FETUSDT
ETH Next Fib Targets PT1: $3,177 PT2: $3,740ETH is just doing a simple retracement b/w the .382 and .5 Fib retracements zones.
Next PTs for ETH using the 4 hour swing low and swing high points are as follows.
PT1: $3,177
PT2: $3,740
Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho.
Bonus Content: Ignore the FUD and look at the charts - will be doing a live stream tonight on Youtube and will go over macro BTC / ETH / Bull Cycles / Inflation / Econ 101 / and TA on your favorite altcoins (check my profile to see the link)
Also ETH did print a Hash Ribbons BUY signal on the 17th... this is massively bullish for altcoins - some other Buy signals triggered were in COMP / LINK / MATIC
FET: Passed Critical Market Test - On Target for $9 by JulyFET is performing well in this BTC selloff, yet again another signal that this is going to be a monstrous altcoin season - the amount of capital that is in dollars right now is staggering and the fact altcoins didn't sell off as much as they normally would have signals to me that there is going to be a wall of capital moving into alts just like we saw in 2017 when BTC made a major selloff and alts didn't fall at the same rate.
This along with XRP, FTM, UNI, LINK, ONT, and RAMP (and potentially BID) should be big winners in this coming alt season which I see peaking by June... some coins will peak earlier as there are catalysts readying them for a monster move such as in XRP's case, the likely dismissal and/or dropping of the atrocious SEC lawsuit combined with the fact that XRP still hasn't surpassed its old ATH - a strong precedent for a outperformance.
BTC: 2017 Bull Market Case Study - BUY THE 21 Week EMAYes - BTC is in a selloff once again but this is normal and we've seen this before. In fact, in 2017 we had 5 instances where BTC traded to the 21 Week EMA and even below if for periods of times before the weekly candle close occurred.
This is ONLY the first time BTC has touched the 21 Week EMA in this bull cycle and it is actually very healthy to maintain the macro bull structure.
The largest selloff during one of the five 21 Week EMA touches in the 2017 bullrun was 40%. The selloffs ranged anywhere from 30% to 40% but typically averaged around 34%. The lowest we go in this current selloff (although I think it isn't likely, maybe 20% chance) is $39k which would complete a 40% top to bottom selloff - again, I don't think it is likely to fall that low, but it could. We're at an 80% chance that we've already seen the current bottom imho.
Currently BTC has sold off 35% so we are likely nearing the end of this current selloff which has touched the 21 week ema and has wicked below (remember we are still very early in the week). This has the effect of shaking out every weak hand who just bought in the last 6-8 weeks who will then buy back in once they realize this bullrun is not over.
The alts have been performing well which tells me we are about to see a major run occur once BTC stabilizes. XRP, FTM, FET, ONT, LINK, UNI, and RAMP are top altcoins I have been accumulating.
Here is my latest view and chart on XRP - yes I know a lot of people have strong opinions on it - fortunately I'm not in the business of making people happy but am trying to earn the highest risk-adjusted return - I've never been big into XRP, but I can clearly see this is going to re-test aths shortly considering it's still way below it's ath of $3.29 and it should have its lawsuit either dismissed or settled by the 21st of May.
BTC: Papa ich1baN Here Again to hold your handGuys, no worries. Papa ich1baN has you covered. BTC is performing just as it should (Elon or no Elon) and we are doing perfectly fine as we just touched the 21 Week EMA which is absolutely crucial to continuing a healthy bull market that will now ignite an altcoin run like none other. Do not let dips like the one we just witnessed worry you - instead you should buy these dips with aggression.... we are no where near a market cycle top and we won't hit the cataclysmic numbers you will see most traders post about here after a dip.
Just to give you an idea - in the 207 bull market, we touched the 21 Week EMA (sometimes for 1-4 weeks in a row) 6 separate times. After each touch, the bull market continued higher. This is the first time we have touched the 21 week EMA this bull market cycle. So if 2017 is an indication... we are still super early :)
If you want a slice of reality - as always follow me and my ideas and you will win in life.
Just as I predicted correctly EVERY single major pivot and turn in BTC and the resulting consequences while 100% of other traders were extremely bearish after previous dips, extrapolating out stupidly low numbers that make absolutely no sense creating converts to follow their stupid ideas to shake them out of their positions and cause them to buy higher - I merely suggest buying and holding and if you did trade out at the recent peak, congrats... now GTF back in :)
Altcoins I own for the coming 1st altcoin season that will likely peak by end of May / June / July (in no particular priority):
- FTM - Layer 1 Network Solution w/ zero fees similar to Solana / AVAX, etc
- ONT - DeFi Exchange / Staking / LP / Digital Identity
- RAMP - DeFi Lending / Collateralization / LP
- FET - Artificial Intelligence Network / Digital Commodities Exchange via Metallex / DeFi via Atomix
- UNI - no explanation required
- LINK - no explanation required
FET: RSI Gearing up for Major Move to $8-$9 Range by June/JulyYes it is indeed looking more likely that we will have 2 major peaks in this bull cycle altseason and FET (Fetch.ai) is one of my favorites to perform beautifully.
The reason I like coins like FET is that they have a beautiful market structure that they JUST corrected 50% or more from in the last 1-2 months to their previous critical market structure and have bounced beautifully from that previous critical market structure.
FET fell 62% from its recent high and tested the previous critical market structure level of around 0.33 cents. As you can see FET performed magnificently and bounced from that critical market structure level meaning it is about to gear up for a major power play move to new ATHs ... possibly way beyond $10 in the next 1-2 months. You'll want to position before this occurs - stay tuned :)
On the TA side, the RSI is at a very healthy level and rising with PLENTY of upside room - we are in the right place at the right time.
Fetch.ai massive 2y C&H + Livermore's speculative chartFetch.ai case study
A massive 2 year long Cup & Handle with a price target of 1.0 USD (conservative) or 13 USD if the percentage increase of the cup is used. Please see chart.
If we are currently at wave 8 of Livermore's speculative chart, wave 9 and 10 should be massive. If not and we are at wave 12, further downside is likely.
This is not financial advice. Please do you own research.
FET: Autonomous AI Economic Agents PT: $8.40This is perhaps one of the more hidden gems in the tech / blockchain space. If you don't know anything about FET yet, take some time to read about it here in their latest dev post:
aea.dev
Tyler Winklevoss has posted on TSLA using Autonomous Economic Agent frameworks in order to create a truly autonomous driving experience - there's a chance we see TSLA and FET teaming up in the future imo and even if not, FET has lots of headway from other major corporations - BOSCH is already a partner in this framework.
FET is basically the new IOTA. IOTA attempted many of these ideals but failed to see the vision through. FET is actually the real deal backed by the most prestigious researchers and programmers. Top notch dev team.