$DERO came down to $6.90, but did not quite hit the $6.50 support zone. We can see the bulls have been holding support above the daily 21EMA (yellow line) since then. If the bulls can hold support above the prior daily low at $7.20, then I would be looking for a move back toward the $8.15 resistance zone. If the daily dildo closes below the prior daily low at...
I am bearish on $ARRR as long as daily dildos are closing below the 200SMA (white line) and am looking for a move down to the next major support zone around $2.00.
We can see that $DERO lost support at the $9.50 support zone and tagged our $8.00 target. Since then, price has been ranging between $8.00 - $9.50. If support at $8.00 is lost, then the I would be looking for a move down to the next major support zone around $6.50. Let's get this crypto!
Currently, $BTC is in a daily downtrend, making lower lows and lower highs. If $BTC closes this weekly candle below $32,275, then $BTC will be in a weekly downtrend. No prior $BTC bull run has ever recovered from a weekly trend change. Best case scenario for the bulls is to hold the 30K base support zone and chop sideways for couple months; however, if $BTC...
Inspired by the work of the legend Harry Dent! Potential of a 50% market crash starting early June to late August over the course of 2-3 months. Trigger is breaking the lower trend line of the rising wedge. Search YT for: "The Greatest Bubble in History Is About to Burst | Harry Dent"
Quick Macro Market Update: Alts are looking very weak, but it does not appear that their - nor BTC's - bull run this cycle is over yet! Alts are dumping, which is not surprising seeing as how BTC.D (bitcoin dominance) is rallying for the 1st time in months. When BTC.D rallies, it shows us that money is flowing out of alts and into BTC. This is why many alts are...
Last chance for crypto discounts soon?! Looking like $BTC is heading down to the bottom of the short term range around $35,000. I will be looking for some bottoming action in that zone. We can see $BTC once again was rejected from the 4H 21EMA (yellow line). As long as $BTC is closing 4H candles below the 21EMA, I consider $BTC to be in a strong downtrend. If...
We can see that BTC has been in an incredibly strong uptrend on the weekly making higher highs and higher lows, but for the first time since the plandemic dump, we can see that this weekly uptrend is showing its first signs of weakness! If BTC closes a weekly candle below the prior weekly low at $32,275, then I suspect we'll see downward price action in the...
Wussup cryptonaughts! How are you doing weathering the storm?! What an exciting rollercoaster ride!!! In this edition, I'd like to thoroughly discuss lower time frame price action! We can see that BTC is in a downtrend on the 4H chart. BTC would need to close a 4H candle above the prior 4H high around $45,500 in order to reverse this downtrend. Until that...
$XRP is in a daily uptrend has one of the most bullish looking charts in the entire cryptosphere! If the bulls can break through resistance, then I suspect price will head to the 1st target zone around $2.15-$2.20. If the bulls can hold $2.00 as support, then I suspect price will continue up to the 2nd target zone around $2.95.
BTC lost support and is taking another leg down. From here, I suspect we'll see some sideways and down price action. $BTC has strong support around the $44,0000-$45,000 zone. If support is lost there, then the next level of strong support is around the $39,000-$41,000 zone. If that level of support is lost, then the last line in the sand (support zone) for...
$ADA broke out from the bull flag it had printed, then spiked to about $1.96. We can now see that price has retraced exactly to the top side of the flag. I suspect price action will continue up toward $2.25. ADA is looking incredibly bullish and I suspect it will outperform $ETH, $BTC, and $BNB in the coming weeks!!!
$BNB has been in a massively bullish uptrend and is attempting to put in a higher low on the daily. I'm keeping a close eye on the daily 21EMA. If the bulls can close today's daily above $600.00 (the daily 21EMA), then I suspect we'll see price push up to resistance around $630. Historically, buying the daily 21EMA has been an incredible opportunity! Lower...
I have a macro long bias until the below criteria is met: Potential Marco Reversal Criteria: - Weekly 21EMA gets a downward slope. - Weekly candles closes below prior weekly low. - Weekly candles close below the weekly 21EMA.
$BTC is testing the lower side of the $48,500 support zone. If support is lost here, I suspect price will head down to the next support zone around $45,000. If support is lost at $45,000, then the next level of strong support is around $39,000-$41,000. I would be look at any price action down to the $40,000 support zone as a major opportunity 1st pass (buy that...
$BTC bulls are trying to hold the bottom side of the range around $53,000. If the bulls lose support here, then I would be looking for a move down to the next support zone around $50,000. I would look at any move down to $50,000 as an opportunity 1st pass.