Bitcoin will have a bull run to 70k(ATH) when the price bounce in 60100-60200 it will have a reversal if the price stay at 60k area. However, below 60000 expect it to have a bearish reversal. Movement are very synchronize to what my indicator is telling. Thats it for now will update soon please bear in your mind that this is just my opinion DYOR(Do your own...
First off, this is not meant as any opinion towards Covid-19 (political, medical, or otherwise) nor meant in any way to dishonor any who have lost loved ones due to Covid-19, but rather I wanted to call out an interesting correlation that looks to be occurring. Recently TradingView made the confirmed cases in the US available broken down per state or country....
I am generally not one who likes to talk much about DOGE as it already gets far too much attention, but the current trend looks a bit interesting in my opinion. From what I am seeing, there appears to have been a breakout of a forming wedge (orange dotted lines) at the end of May after an initial bounce off of the 61.8% Fibonacci retracement level (based on the...
BTC looks to be indicating a potential breakout from the trend from nearly a month ago. First off, a quick recap: A few days ago, I mentioned the bearish logarithmic descending channel (orange lines) that BTC had been trending since April BTC then looks to have bounced off the logarithmic trend line (dashed yellow lines) Then a few days ago, BTC began...
Bitcoin looks to have surprised a few today as it looks to have potentially bounced off of the trend support I mentioned recently. I have recently changed back to the linear chart and what I find interesting is we are back in a potential wedge again (solid red and green lines). I feel like this is the movie "Jurassic Park" where the boy yells "we're back in the...
I just wanted to show a quick zoomed out picture of where the current support trend line is (yellow dashed line) that I have been mentioning lately relative to Fibonacci support. Although I have generally been going off of the Fibonacci retracement levels based on the low from last March (which has the current retracement level nearer to 34K rather than 32K), I...
BTC looks to have just broken wedge support that many have been speaking of recently. I think the question for many now is "is it in fact a bearish pennant and is a crash imminent". If a crash were to occur and the price stays in the descending channel (orange lines on the logarithmic chart), there is indeed quite a bit of downward potential to near 16-20K, so...
A critical moment is approaching for BTC over the next few hours as the price approaches the top of a wedge (bearish pennant?) which I mentioned a few days ago (white lines). A slight peak out of the wedge has occurred over the past few hours indicating a potential to break upward which can be seen as supported by a daily MACD cross (not shown). There is still...
It looks like BTC has managed to solidify a short term head and shoulders pattern that has broken the neckline downward. Based on the extension of the neckline from the head distance (orange dotted lines), it looks like the dip might extend near the 78.6% Fibonacci retracement level near 32-33K (although 35K is a possibility as well at the 61.8% Fibonacci...
Before today's cryptocurrency dip, BTC was continuing to return to a price near 42K, a near full recovery to the price from merely a few days ago. Despite this, almost all alts (altcoins, i.e., cryptocurrency alternatives to BTC) have barely recovered 50% of their own respective prices from this same time period just a few days ago. So why the drastic...
Despite a rather drastic drop a couple of days ago, it looks like ETH is still in an ascending channel for the long term logarithmic trend. As for the flash crash from the other day, it looks to have very positively correlated to the 78.6% Fibonacci retracement level, which can easily be seen as a healthy retracement. Hence it looks like there is a good...
BTC has recently had one heck of a dip over the past few days, but looks like a descending channel has now begun to form (red lines) that looks like a bounce might be in order. A bounce from around the current price also looks to be nicely around the 38.2% long-term Fibonacci retracement from the most recent high. Additionally, the 4-hour chart looks to be giving...
In the past few hours, Bitcoin looks to have started to break out of a bearish pennant (red dashed lines) towards the positive side out of what looks to be an inverse head and shoulders pattern on the 1-hour chart. If the trend continues past 51-52K, there is potential for the price to head upward to 54-55K based on retracement back upward to near the 61.8%...
This is just my opinion, not an advise.
On May 6th, 2021, Coinbase listed 4 new tokens (CTSI, RLC, MIR, and TRB) for which three have already seen quite a significant increase, namely CTSI, RLC, and TRB. However, the one that seems left behind so far has been the Mirror Protocol (MIRUSD). But first, let me provide a quick description of what the Mirror Protocol is for anyone who might be...
ETH looks to be rather bullish when taking a step back and looking at the long-term logarithmic chart over the past year. As you can see, ETH has a tendency to get near the top of the ascending channel that has been forming since July 2020 and largely just stay at the top for some time. If history were to repeat itself, and if Ethereum continues to stay near this...
About a month ago, I mentioned how DASH had broken out of a descending wedge for DASH/BTC that had been forming since around the beginning of 2020. Now it looks as though a cup and handle pattern has been forming since Valentine's Day 2021 (how lovely) with the handle formation completed (nicely outside of the wedge) and an additional retracement back to the point...
Over the past few days, DASH and LTC breakouts have surprised quite a few as the price of BTC has slipped back and forth after trying to recover back to its recent all-time-high. However, in my opinion the long-term logarithmic trend is the more interesting trend to watch between these two veteran cryptocurrencies. Over the past few years, a descending channel...