BTC is currently testing major trend line resistance. Look for a break of this trend line and a higher time frame close in the $60k levels. This is the KEY level to watch. Should we break this then the next move to $70k+ is on the cards
We flipped resistance as support at the $56k level. We broke this on Sunday and have now backtested this a support,...
Where does price leave us after today's sell off?
If you zoom out and look at BTC on the weekly timeframe we are actually holding support very nicely.
Whereas when we reached these prices in April/May earlier in the year we could not hold $60k region, we have now flipped $60k into strong growing support. We are holding all the higher time frames (Weekly and...
Hello my friends. Today I show you where I think XRP is heading next.
XRP is often a coin that moves extremely fast when it gets going and doesn't give you chance to get in as it can make moves of 100%-1000% in just a matter of weeks so pay attention to the consolidation patterns that precede it.
Firstly lets get the SEC news out of the way - this is just...
ADA looks like it could be primed for a move to the upside after 2 months of consolidation.
ADA has been moving sideways for quite some time now while many other layer 1 blockchain solutions like DOT, AVAX, LUNA and SOL are making big moves. It could be ADA's time to make its next move higher.
There is RSI hidden bullish divergence forming on the 12hr and 1D, so...
A 4hr close outside the trend line for a move to challenge the 67k high and take profit between 70-75k region. Potentially looking into next week
I was waiting for a higher timeframe close (4hr or higher) to give better confirmation that we can take this momentum to the upside.
2hr and 4hr RSI trend line also broken indicating the momentum to the upside.
Also...
Here are my thoughts on where the current market cycle top may peak.
You can see there is a clear effect of diminishing returns and cycles lengthening.
You can see that from market cycle one (2011-2013) --> market cycle two (2015-2017) --> market cycle three (2018-current) that cycles are not only giving less returns from both bottom to top but also from market...
