Fermented_Crypto

Fermented_Crypto

CRYPTOCAP:BTC Update: Caution in the Air Ahead of Inauguration Day Bitcoin took a hit leading into tomorrow’s inauguration, currently hovering around $101K, showing signs of downward momentum after failing to secure a new all-time high. The market's hesitation is clear, and for now, it’s all about watching and waiting. In my last breakdown, I emphasized the...

Fermented_Crypto

Let’s dive into where Bitcoin’s been over the past week and what might be coming next. I’m going to show you two charts we’ve been tracking. 📉Chart 1: Tracking the Trend Since March Since March, Bitcoin has been in a steady downtrend, marked by lower highs and lower lows. However, about a week ago, we flagged a potential bottom after hitting a significant low...

Fermented_Crypto

Chart Overview: - **Time Frame:** 4-hour candles. - **Indicators Used:** - Simple Moving Averages (SMAs): 21, 50, 80, 100, and 200 periods. - Stochastic RSI. - Regular RSI. - MACD (Moving Average Convergence Divergence). Key Elements: 1. **Price Movements:** - The price is currently at $61,547. - There has been a descending channel (indicated by the...

Fermented_Crypto

Let's take a look at Bitcoin on the 15-minute timeframe. We're currently seeing a mix of signals on the charts. Higher timeframes are showing some bullish indicators, suggesting a potential rise towards the top of the range near $72k. However, it's important to approach this step by step, hence our focus on the 15-minute timeframe. We're observing a promising...

Fermented_Crypto

As we monitor Bitcoin this week, its position at the upper boundary of the falling wedge pattern is pivotal for predicting its trajectory over the next month. The more likely scenario suggests Bitcoin might adhere to this pattern, leading to a potential rejection and a move toward the lower trend line. Contributing to this perspective, the Stochastic RSI indicates...

Fermented_Crypto

Market Insight: Navigating Uncertainty with Chart Analysis As traders, we often ask, "Is the bull run over?" The reality is, no one knows for certain. However, what we can do is analyze the charts and assess the likelihood of potential outcomes. Leading up to the halving, we experienced a significant run-up in prices, which many agreed was unsustainable. Now,...

Fermented_Crypto

Analyzing the 200 SMA Strategy on the 15-Minute Chart In the current market scenario, the 200 Simple Moving Average (SMA) on the 15-minute timeframe is playing a pivotal role. It appears that this indicator is steering the market direction for now. Reflecting on last Monday, I successfully implemented a short strategy that hinged on this same SMA behavior, which...

Fermented_Crypto

Today, Bitcoin experienced a notable reversal, sparking optimism for a potential shift out of the current short-term downtrend. Observations suggest that BTC might be forming a cup and handle pattern on the 1-hour timeframe, an indication that could signal upward momentum if the pattern holds. However, it's crucial to note that Bitcoin is currently facing...

Fermented_Crypto Updated 

Bitcoin Market Update Last night, Bitcoin tried to break out of the triangle pattern but was rejected at the $60K resistance. It fell back inside the triangle and is still within the pattern. We are now testing the top trend line and the Stochastic RSI is overbought, suggesting a higher chance of another rejection and a drop. Current Observations Both the RSI...

Fermented_Crypto

Cardano (ADA) Market Update Currently, we're observing the 15-minute timeframe for ADA as it tests the 200 SMA. We're anticipating a potential bounce off this level, though much depends on Bitcoin's next moves. Market Context Similar to the recent Bitcoin situation where it tested key resistance levels, ADA's performance is closely tied to Bitcoin's market...

Fermented_Crypto

As many traders and investors begin to step back from the market, it's crucial to dive deeper into some of the less discussed elements that could signal significant opportunities. Today, let's unpack some intriguing aspects of the current Bitcoin landscape on the weekly timeframe, focusing particularly on the Stochastic RSI and a unique indicator I've developed –...

Fermented_Crypto

Good evening, FC community! The market remains a tough battlefield, particularly punishing for those who opted to go short—many are facing stop-outs and liquidations. As highlighted in my previous post, exercising extreme caution is advisable, perhaps even considering a pause in trading activity. In today's analysis, Bitcoin has formed a striking ascending...

Fermented_Crypto

As the crypto world gears up for the festive season, Bitcoin investors often find themselves pondering a curious trend - a historical dip in prices during the month of December. While it's essential to note that past performance is not indicative of future results, examining historical patterns can offer some insights. One plausible explanation for Bitcoin's...

Fermented_Crypto Updated 

STOCK NASDAQ:MARA this is a long shot and I hate doing TA this far out. The TA is saying it is currently in a rising wedge, it may bounce around here until hitting the orange resistance box. It may break through it and continue to the upside but, it is more probable that it rejects and corrects down to around $6.10. If that happens it will be the perfect...

Fermented_Crypto

Cartesi is in a cup and handle pattern on the 1 hour TF. i see a move of 7% based on the pattern

Fermented_Crypto

It seems like TON coin is exhibiting indications of a potential reversal. Presently, it is forming a falling wedge pattern, which suggests the possibility of a significant upward movement, potentially reaching the 200 Simple Moving Average (SMA). Once it reaches that level, it would be prudent to reassess the situation and determine whether it could further...

Fermented_Crypto Updated 

NEXO is on my radar. 2 possible plays. 1.larger cup and handle for 11% gain which may take a few weeks to play out. Smaller shorter play is playing the channel. 2. It is breaking out of the descending channel i would add leverage to this. I'm not a huge fan of this project so make sure you have a stop loss

Fermented_Crypto

It appears that Quant is showing signs of a potential bullish divergence, signaling a potential upward movement in its price. I have decided to take advantage of this opportunity by entering a leveraged long position at $108.5. Over the last 24 hours, there has been a notable breakout followed by a retracement, which has formed an entry point for the trade. Given...