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XLM - Bullflag in an uptrend? This Could Be An Easy 150%+.XLM had a wonderful pop up at the end of November, since then we look to be in a bullflag. This is a continuation pattern in uptrend where the price will stagnate or move slightly downwards before we continue upwards and onwards. We saw a decent amount of volume in the rejection from the upper resistance line, our RSI is near overbought. I suspect we'll see a downturn towards the bottom of the bullflag potentially presenting us a pretty decent buying opportunity around the .15 mark. That said we do have a short term uptrend line formed under the price, if we can keep this, it might point to a quick breakout from the bullflag. Don't really see this happening but we'll see! Dashed targets are my primary targets for Q1 2021, dotted lines are extension targets. This isn't financial advice. At least that's what your mom said the other night.
Long
by cryptosince1963
12
VET - Already Brokeout, Catch the Retrace and Get Paid! R.I.Plleand now we lay to rest XRP, indeed all those troubles seem to have weighed this once promising titan down. A pity. But like all things, when one opportunity gets delisted - another gets it's market cap. And thus, we see MASSIVE gains across the alt charts, VET included. And yes BTC levelling off does indeed have a lot to do with the pump the timing of the XRP dump and ADA/VET/DOT/EVERYTHING pump was a little coincidental. No? Indicators are all looking spiffy on this breakout. looks like a retrace is already forming up so catch it with an SL below the previous swing low. TP on the chart is likely conservative if, in fact, alt season is upon us. Might be time to dust off your shells and get turtling!! This is not financial advice. Want financial advice? Don't buy a new luxury car, it ain't worth the headache honestly.
Long
by cryptosince1963
4
LRC - Potential for a breakout? Charts starting to shape up!LRC is seeing some good signs shape up on the chart. Pretty clear bullish bat just ended, already yielding +40% and giving us a clear parallel wedge. Volume seems to be breaking out, we'll have to see if it can sustain this. MACD is showing first signs of reversal. Potential room for growth on RSI, though with the distance from the top resistance on the wedge being so large it's likely we'll see a reversal before the action completes. Pretty strong indicators for a breakout in the works. I'd aim to buy a retrace or a retest. This is not financial advice. Want financial advice? 2 words: Pet Insurance 🐕
Long
by cryptosince1963
2
ZEN - Confirmed Breakout? Looks like it!Zen has been seeing a spot of a downward wedge, ever since giving up the gains a couple weeks ago. We're seeing what looks to be a breakout from this wedge. This could be pointing to a potential bullflag scenario, in which case the flag is looking like it's about to pop. MACD is showing it's first bullish deviation in some time. RSI is not overbought, but we can see the potential for short term reversal or retrace. Volume confirmation on breakout so far. This is looking like good breakout play. If you know how to trade a breakout, you know what to do here. If you don't, I suggest looking into it fast ;)
Long
by cryptosince1963
1
KSM - Kusama Making a Break For it? Potential to Buy the Retest?Looking at KSM today, we saw 13% growth in a single candle and have seen the value double over a 30 day period. If you want to see an "awakened" bullish chart, this is a nice one. Very linear movement until suddenly *POP* it's in volatility land banging off high level resistance levels like it forgot they were there for a day or two. And interestingly, fairly low volume on the breakout with it further weakening as time goes on. Volume is always a key element of these things, as low volume can open up points for a retest. Keep in mind the looming spectre of BTC wiping the market with another shakeout. With these factors taken into account, along with a massively overbought RSI. I'd expect a quick rejection fairly soon, likely at the next marked fib level, back down to top level support. From there we'll have to see where the volume goes. If we get decent support expect it to move right back up again for us and hit the next two targets at least. -- This isn't dating advice. Nor is it financial advice.🤙
Long
by cryptosince1963
REN - Potential Breakout Forming? Wait for Confirmation!!REN looks like it's ready to make some moves on the daily chart. We see a clear parallel wedge, a bat style fractal that has similar proportions to a textbook bullish bat, RSI is in a very good position for growth, MACD is showing a huge bull divergence which could be the start of a new potential uptrend, and volume is good on the breakout so far (though still need more time on weekly for confirmation there!) This should be a clear breakout or fakeout play, it's literally at the upper limits now so if we see a punch through look to snap some up on the retrace afterwards as we're likely to see more upside. This isn't financial advice. Want some financial advice? Don't get baseboard heating, it will kill your hydro bill.
Long
by cryptosince1963
YOYOW/BTC - Bottom out completely and waiting for another round?YOYOW saw a nice breakout a very short time ago, followed by an absolute smack back down. In a non shitcoin market, we'd be looking at this as a potential retrace, and with all this money seemingly flowing out of BTC.D, I'm gonna call it the same here. RSI is overbought as can be and MACD is fighting between bear and bull. Good volume on previous breakout (though the sell volume made it look silly) Targets are mapped for long term. Potentially higher highs than this over time.
YLong
by cryptosince1963
11
BNB - Bearish Bat? Overbought? Potential Reversal! 40% long Q1!BNB is in an interesting spot, fundamentally speaking: who knows what's really going to happen to exchanges like Binance once the big regulations start hitting crypto now that it's entering the main, mainstream. Aside from that it has good fundamentals: it's used for decreased trading fees on the highest volume crypto exchange and you can stake it for passive income with Binance's push into the DeFi zone. Technically, it looks like we might be seeing a potential reversal short term, with a bearish bat fractal forming up as well as an overbought RSI right around fib .786. Decent buy volume, but not as big as the last spike. I'm looking for a potential entry for a long position around EMA 21/50, with targets marked up to $41 area in Q1 2021. Might Short down to that point on futures with an SL at fib 1.0, I haven't decided on that one yet. This is not financial advice
Long
by cryptosince1963
XTZ - All Signs Point to Moon? 100%+XTZ is coming up to important fundamental and technical milestones. A breakout is likely. TEXTBOOK bullish fractal present, with the current bar being right around the text book buy point. Overall we see a big uptrend, which we are near the bottom of. RSI is in an aggressive spot, with room to grow; a formation we're seeing across the markets before a breakout these past few days. MACD is ready reverse with a shrinking bear divergence. Volume is shrinking quickly. And fundamentally, XTZ staking testnet for RAMP DEFI launches in 2 days. I don't know how much more you need to be honest. I can't find much reason not to buy . This is not financial advice. But if you want financial advice, don't buy a boat! Total money pit. Get a friend with a boat! Now there's an investment 🍻
Long
by cryptosince1963
3
ZIL - The Beast Is On The Loose; But Even The Mighty Must Rest!Following my theme of self-congratulations, if you followed my last call it was good for +130%! Check it out below: But I get it, If you wanted to watch me pleasure myself all day you'd be on my OnlyFans, so let's take a look at where we think the Terror of Tokyo, GodZilliqa, will go next. First we see the volume beginning to wane on the breakout, combined with a seriously overbought RSI I can definitely see a short term retrace in the cards. 0.037 down to 0.03 will be the support area to watch out for if there is one. I expect a pretty drastic increase across the alts in Q1 2021, I expect Zil to give us another easy %100 by the beginning of Q2. This is not financial advice.
Long
by cryptosince1963
4
KEY WEEKLY - UPDATE 12/22/2020 - There's a Bull Run? Had No IdeaWe're still seeing consolidation! This is a very long period of consolidation, obviously, which generally means a bigger move when it eventually comes because you have that much more accumulation that's taken place. More sideways movement means bigger eventually up movement. (hopefully that holds true here at least lol) We did see our first substantial buy volume in some time on last weeks candle, though it was snuffed out fairly quick into this weeks. That said this week is very young and the alt's are moving like we stole them so there's an alright chance this candle or the next we'll start seeing a breakout. We're closing in on the end of our wedge, so we gotta move somewhere! I don't think we'll break down from here, Just can't see that in the cards with how many opportunities it has had in the past... well quarter really. But if it does our support levels are marked in yellow. RSI is in an interesting spot, showing some strength for the first time since Mid September before stalling just outside oversold. MACD is fairly neutral: strong position but stalled in a bearish cross. Short term targets marked green on a breakout if you're trading it that way. If you're holding long term top TP would be good to secure SOME profit, but likely much more headroom long term (see prior ideas for potential targets there.)
Long
by cryptosince1963
14
KEY WEEKLY - UPDATE 12/15/2020 - I Forgot to Hit Publish! Sry!So. As the title says I forgot to hit publish on my weekly KEY update. Off to a flying start! We see our last candle killed our TD9 dreams; but that's OK as we're still in the wedge, thought fighting at the bottom. Volume is still declining, which is surprising as it was already getting low now it's practically non-existent mind you the candle for this week is young.. All in all, our chart hasn't changed a whole lot: We're still hanging above EMA 21 (albeit right on it at this moment), we still seem to be consolidating within the wedge, our uptrend is still very healthily intact. Basically the only interesting thing is the RSI seems to be fighting upwards off the bounce from the lower boundary of the consolidation wedge. An interesting reaction to say the least, and definitely signs of bullish support. Kind of a boring one but that's the life we lead when it comes to the alts some times. We're seeing massive growth in other small and mid cap coins (especially today on the mid-cap) and I don't anticipate that trend to stop for... Well it could be a long time. We are likely to see more consolidation on this chart for a short while longer, bottom line. With this low of volume and this much sideways movement the size of the eventual breakout grow ever larger... But that could also take a while. UNTIL NEXT WEEK! (ish) This is not financial advice.
Long
by cryptosince1963
19
ALGO - Hit em all last time.. Where do we go from here?Took some time off posting too centre my chi, I suppose you could say.. Feeling worse than ever! Back to work.. We hit all of our targets on the last ALGO call, Good for +40%. check it out below: Now it's looking like we're in a spot of consolidation. We saw a nice volume breakout but it's looking like it'll fail to meet the previous highs and stick us in a bit of a wider wedge. RSI is overbought, MACD is healthy. I'm expecting a bit of a retrace, followed by a breakout in early Q1 2021 up to AT LEAST the .70 resistance area as the whole defi and alt sector gets a pump. Gonna be a nice year!!
Long
by cryptosince1963
2
BTC - Weekend Dump Might Be Incoming?We're seeing good upward movement today across the crypto market after a pretty grim Friday. Looking at the 4H chart, we can see there's a big move brewing soon. Volume has been steadily dropping, we're in a parallel wedge mid-term and a downward channel short-term. There's the potential for us to break out of the upper bounds IF we see buy volume increase beyond the yellow line. I think this is unlikely. RSI is looking like a reversal is in the cards short term, overall position is not very healthy. Only healthy indicator is a full MACD. While this is "Healthy", it can also be a sign of a reversal coming when viewed with other indicators. Afterall, when something goes up, what happens after? Potential support levels are marked in red dashed lines. This is not financial advice.
Short
by cryptosince1963
SXP - Nearing the End of it's Consolidation Cycle? 2021 Boom?SXP has been experiencing a significant downtrend since it's Soaring August high of almost exactly $5. Swipe has been one of my favourite alts since release as it has until the last few months had crazy volatility and gives a VERY healthy yield return for hodling (I wonder why the sell walls get so clogged up on this chart... hmmmm????) We look to be nearing the end of the cycle in the next few weeks: Clear consolidation can be seen taking place confirmed by volume (save for a few weird outliers). We're oversold on RSI, and MACD is fighting it's way back up the mountain. I suspect January 2021 we'll see a very significant increase across the ALT market, and I believe SXP will easily achieve the marked targets within the next 1.5 ish months. This is not financial advice.
Long
by cryptosince1963
5
BZRX - Potential For a Bounce off EMA levels? 50%+ Gains?BZRX has seen a good bounce in recent weeks along with the rest of the defi sector. VERY bullish behaviour across the market. This is to be expected, mainstream investors are getting into crypto and DeFi is kind of like if you took mainstream investing, pumped it full of steroids and gave it a pound of crack. Anyway... RSI is currently looking on the oversold side. Volume is declining on the buy side. MACD posted a bullish cross but nothing to wright home about. Expect a retrace, probably to EMA levels on the chart. Good chance to open a long position here but see what happens when it get there. If it blows past the levels and closes there we might be in for a bit of a bear spell on the BZRX. If it holds steady it is going to reinforce the bull trend and it's an easy 50+ plus to the next target area. This isn't financial advice. But if it was it's free, so take that into consideration if you're going to complain.
BLong
by cryptosince1963
3
KEY - 12/07/2020: Nearing the End of Consolidation? Merry X-Mas?Looking at our new weekly candle on KEY, we see... more of the same?! Indeed - prices seem to be clearly consolidating in a parallel wedge, further confirmed by the declining overall volume. If you have read any of my other ideas, you'll likely know wedges are my favourite formation as they quite often point to incoming price movement and you can get very clear confirmation one way or the other as to where you're going. Indicators are still looking good for a breakout at some point in the near future, might be closer than I originally thought with our current consolidation having a few weeks left before we have to have movement one way or the other. Interestingly, we're getting closer and closer to a full buy signal on the TD9 Sequential indicator. This would be confirmed Approximately 3 weeks from today; right between Christmas and the end of the year. This falls within the tip of the wedge! Not a perfect place for a breakout but what is perfect really? Point is: the last time we had a full TD9 buy signal was good times. I know this chart is a grind... I don't enjoy waiting any more than any one else! But we all know this is a winner in the making. History repeats itself and it will soon again. This isn't financial advice! See y'all on the next KEY update once we get another weekly candle, until then be safe.
Long
by cryptosince1963
5
KEY - December Update: ALT Season Soon Time?Looking at one of my favourite alt's (and seemingly everyone elses!) SELFKEY once again today. It's a monster in the waiting, but like Tom Petty said the waiting is the hardest part. We saw a pretty good series of shakeouts last week, but the weekly candle closed above EMA 21 in what's almost a doji. Bottom support line for the uptrend seems to be all but forgotten about as the shakeouts couldn't even challenge EMA 21. Decent sell volume on the weekly is beat by the buy volume the week before. This is a pattern we saw just before the last breakout. We see this pattern also on the monthly chart, with buy volume posting a good month in November: Something noted on the chart, RSI is trending extremely low despite the relative strength we're seeing elsewhere in the chart. This is of course due to RSI being Relative Strength, and relative to the recent pops on the chart it has been weak. EMA RSI is still strong, so this is a good sign of long term growth, hard to go down when you're rock bottom. We are seeing the very start of an uptrend potentially forming, too early to confirm anything however. When we get going up it'll be a BIG move up.. BOTTOM LINE: We may be looking at a couple more weeks of building and slow accumulation as the volume begins to build across the alt markets and BTC chills out a little bit. The volatility right now is costing the impatient lots of money, so be careful out there and wait for things to normalize slightly before going risky mode. You can't foresee the futures when there's no past to go on, and we're entering uncharted territory across the markets within the next year likely. -- I am going to post weekly updates on this coin as I am receiving daily requests for it, which is great! I really appreciate everyone who takes the time to contribute to my posts and support/criticize my ideas. Any input makes us all better and that's why I make these posts public. That said, with the volatility in the market our weekly chart seems to be the best road-map forward; so expect the next update in around 7 days time 🤙 This is not Financial Advice. 🤙
Long
by cryptosince1963
4
YFI - 4H - Potential Swing Trade Opportunity! 20%+YFI is throwing up an aggressive upward wedge with prices consolidating after bouncing off EMA 50 and resting now at EMA 21. Very Healthy signs for any chart. Should be a pretty simple bounce/ breakout play here. Opportunity for a 20% range trade potentially within the wedge. Indicators on this chart are all looking nice for further growth. Volume has dropped, good potential for a breakout from the wedge when we see a volume spike. Next targets are mapped. SL below the teal uptrend line if you're getting in on the bounce. Thanks for reading and have a great weekend. This isn't financial advice.
Long
by cryptosince1963
YFI - Bounced off the liquidity zone as expected - Retest soon?YFI on the 4H is looking short term bullish with a good bounce out of our historic liquidity area. As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward. We're also testing the short term upward resistance, looking to breakout. I suspect we'll get another market shakeout at some point over the next few days that will lead us to retest the liquidity area, we'll likely bounce off a lower short term high first to form a consolidation wedge. Then on to the next targets.. Wait for the retest or breakout and play it accordingly. This isn't financial advice.
Long
by cryptosince1963
2
STORJ - Trying to Take off it Looks Like?STORJ is looking rather excitable at the moment. RSI is just leaving oversold with a lovely amount of potential headroom. MACD just fought off a bear cross AGGRESSIVELY. EMA 100 is the current battleground, Conquering this and holding it will be a massive buy signal. Volume is relatively low still but steadily increasing. Big spike in sell volume is off the rejection from heavy upper resistance and I believe should be taken more as "market noise". EMA 100 will decide our direction here. The last conquer of EMA 100 gave us a very nice boost upwards. Targets are marked. This isn't financial advice.
Long
by cryptosince1963
BTC - Big Bart, or Little Bart? BTC retraced as expected. Doesn't look super convincing on the bounce so I'd wait for it to post some actual volume or a good period of consolidation before putting out longs. If we move up watch how we act around the previous support level. If this turns heavy resistance expect more downside. Interestingly, looks like the whole pump up close to the ATH was a BART. If that is the case I'd expect more downside before the institutional money decides to re accumulate. Certainly doesn't seem like they are doing it yet, which makes me nervous this is a fake bounce. Like I said, wait for volume. This is not financial advice.
Long
by cryptosince1963