8 Trillion dollar crypto market cap this market cycle? An arbitrary squiggle for the lols. Lets come back to this in a couple of years.
MOVR has breached trend and retested, looking for a decent leg up alongside the rest of the market. Do you think we'll see a good alt season of the coming days/weeks???
Illuvium broke through the 4hr order block that was acting as resistance and it currently S/R flipping. Pretty decent R:R on this trade, I think if we get the break out it fills the fair value gap but if we get a decent ALT season ILV could go a lot higher. If we get a solid break out I'll do another post on my higher time frame targets.
S/R flip in progress, big move next! DXDY broke out of resistance and is currently retesting, succesful s/r flip and im looking at 2.8 area for first target.
We'll see if bitcoin can squeeze up, MOVR has reclaimed it's range after running a few equal lows, mid range and top of range are my targets.
Getting to the end of this bull flag, resistance above around 11.73 level. Clear that and we see if the previous high gets swung or blasted past.
Keeping my eyes on MOVR. Currently making its second attempt to reclaim the range. A solid move to the top of the range if it can do so. It's holding inside the range and testing, may start loading a bag if the rest of the market is looking good for upside.
What I am seeing at the moment. I would like to see that sell liquidity left and a pull back into the FVG before continuation potentially out of the range. If we get another push up to 25k to take that liquidity and reject back into the range, it's likely we stay range bound for much longer and should expect a return to range lows at some point. Above the range...
VRA reclaimed the bottom of this key channel that I have been waiting for. If you're not already positioned waiting for a successful retest of the bottom of the channel would be your best entry, if it comes. I think we may see a push as high as 0.03 if $BTC does push higher before a corrective move. Although maybe alts get a run while BTC cools off... we'll have...
Still below 46k but I think we may see a move above, either this weekend or early next week. My thoughts are on the chart. Monthly chart looks bullish, a large re-accumulation range that has lasted for over a year and is currently plotting higher highs and higher lows. Weekly chart as it stands now would be a bullish close. Above 41600 on close would be a win...
Nothings changed here, still waiting for $VRA to reclaim the bottom of the channel 0.025. Overall lacking relative strength compared to a lot of other Alts and BTC.
$VRA levels of interest. Bit of ground to make up, first step is a reclaim of the bottom of the channel and then to flip the 0.382 into support. Any signs of weakness along the way I will go short as we're still in a downtrend until we can put in a higher low/higher high...
Hey all, been a while since I updated, just been riding it up since the bottom, still long and haven't taken any profit yet. I'm cautiously optimistic the bottom is in but keeping a close eye on price action in case this does correct, if it does I will be looking for a higher low rather than a move back to the lows. BTC looks like it wants to go higher to me, if...
Good morning, So the bearish scenario has played out off the back off a wider risk off event across all markets due to the US fed turning hawkish, I won’t pretend to fully understand the impacts of rate hikes and the like on markets as it’s all new to me and I’m still learning but from what I have gathered the reaction to what will likely be only a tiny rate...
Evening, Hope everyone has survived the dump and is taking it easy. I have taken a fair beating after falling asleep and missing my exit on the little fake out pump to 0.029 prior to this sell off and haven't had the confidence to risk off. We're getting a bit of a bounce here off of daily support and I have opened a couple of long positions with stops already...
Morning Verasians, Not going to make any wild predictions at this point as there isn't much in the way of bullish market structure to do so but I do think we continue to bounce here, I'll be watching each of these levels for a reversal because I do think more downside is possible. Given VRA's correlation with BTC I'm tracking BTC to find confluence on my VRA...
Here's the scenario no one wants to see but we should be prepared for. We have lost the 50% level of the large range we have been trading in since Jan 2021 that stretches from 30k up to 65k, we have also lost the 0.618 Fib from the move from 29k to 69k. This does look bad from a TA standpoint, this including the weekly printing a lower low also does not favour...
Morning all, this is my bullish thesis for BTC for Q1 and Q2 and will post my bear case later. I could see something like this playing out during the first 6 months of 2022, there is a pretty clean Ascending triangle on the monthly if we bounce here, leading into a H&S pattern with one final fakeout/max pain before the real breakout Q3/Q4 2022. Where BTC...