TLM broke out of its wedge to the upside. Resistances : 0.41/0.54
YFII currently sitting above descending channel resistance. Candle closure will confirm breakout. If break out is confirmed, expecting a uptrend towards $5160.
XRP currently trend towards wedge resistance. MACD golden cross is currently occurring on the 4H.
Cardano breaks out of critical trend resistance and closed above 100EMA level. It looks like the 100EMA will hold, only draw back is that there is extremely low volume. Expecting a uptrend towards $1.60 resistance area only if consolidation continues above 100EMA level.
Binance coin has broken out of its symmetrical triangle on the 12H and retested the new support (old resistance) and held strong. BNB has also finally conquered the 50EMA level, where we can see price made a retest towards that level and held strong. Strong Resistance at $430
Bitcoin looking to setup for a horrific short squeeze. Looking back at looking back at 2019 we crossed over the 100EMA level and spiked back above for a few days. Resulting in a 48%+ increase in price. Would not be surprised to see it occur here again. If this fractal plays out, Bitcoin would still be following the Wyckoff accumulation schematic.
Bitcoin followed Wyckoff distribution perfectly. the manipulation started out with the first whale dumping of, 25,000 BTC on Gemini in February 18,000 BTC on Gemini in March April 14th Coinbase IPO'ed, price was manipulated towards the $65,000. Investors sold instantly. China & Elon Bitcoin energy fud causes mass retail panic which drove price down....
Bitcoin has broken out of its symmetrical wedge towards the upside. EMA golden cross is currently in play. The 20EMA is currently above 50EMA Targets would be local resistance levels.
Bitcoin Fear & Greed index just hit lowest levels seen since the great MARCH 2020 Covid Sell off! Smart money buys in extreme fear, while uncertain & greedy money waits to long and gets in late.
Taking a look at 2017 bull run. Corrections where all over 30%. Bitcoin has just made a 35% correction. Which has been the largest correction since the Covid crash! (March 2020) Do not panic, and keep holding on! Emotions, weak hands and false information without any technical and fundamental backing will always come by and change your philosophy in...
Bitcoin is currently sitting above 200EMA level. We are in a rising wedge which is a bearish pattern, but on chain data shows other wise. Large outflows indicating institutional & whale purchasing. We have been in consolidation phase for almost 1 month now after the dump from 64,000 Its a matter of time now we can see the next leg up and see a breakout from...
BAKE has had an very strong run up these past few weeks. Consolidation and relief is necessary to continue the uptrend. If price holds on to support cluster between $5.00 - $5.70 we can expect to see a double bottom form which is a strong bullish sign towards previous highs. Resistances: 7.30 / 8.40
Storj is making a down trend towards critical support cluster area. We can see previously STORJ is trying to trend towards previous accumulation zones. This is very healthy for the next leg up!
ETC has had a massive run up! Currently ETC is forming a symmetrical triangle here. Waiting for a breakout, if we break towards the upside a long entry after retest would be best option. If we break towards to the downside there is a very good chance we will test $99 support (previous consolidation area).
Litecoin has made a retest to its all time high after over 3 years. Previous high from here was at around 337 and we can see price consolidation has occurred above this area. Retest to 337 has occurred and looks to hold really well here. Currently waiting for a closure above previous all time high and its lift off for LTC! Previous Setup:
Over the past few months we have picked up on a very obvious correlation. If the major crypto pairs are dumping, (BTC, ETH, BNB) We see DOGE pumping. It looks as if volume is getting driven from these pairs from panic investors and its flowing right into doge. The DOGE coin market is currently retail fomo driven and we see nothing but further movements from...
Bitcoin has broken out of its trend resistance and now has retested support. MACD is making a bullish crossing and price now sits above the 200EMA. If we can hold the 200EMA level we can expect to start testing the 60,000 area and above.
Litecoin is currently forming a falling wedge. Price is now sitting above 200EMA level. If we can hold this critical level, we can expect to see a breakout from this falling wedge and continue further. Waiting for breakout & retest to set my limits.