FieryTrading

FieryTrading Updated 

Bitcoin has shown that it's ready for a new all-time high by printing relatively big green candles over the last 3 days. However, the 73k-74k area remains an area of big resistance. Previous buyers are looking for an exit, whilst patient bears wait for the perfect short. My best guess is that Bitcoin is going to trade around the purple area for a couple of days,...

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Just like my recent CYBER analysis, MAV is trading within a bullish channel. I'm anticipating that the low is in (for now) and that the most likely path forward would be a continuation of the trend. Target at the top of the channel or 1.25$, stop below the recent swing lows.

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CYBER is a relatively new token on the Binance exchange. Since it's inception, this token has been mainly going up inside this bullish channel. After a recent touch of the bottom support, it would theoretically be a great time to step in. Target at 22$, stop just below the recent swing lows.

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WLD has been trading alongside a bullish trendline. This trade is based on the idea that this bullish support line will hold and cause the price to reverse from there. Stop just below the May lows, target at the current all-time high (ATH).

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BNB has been making some extraordinary moves last cycle, where it bottomed around $4.5 and made it to $700 during the next top. Looking at the chart, we can clearly see that BNB follows a bullish channel pattern. My assumption is that this channel will hold and that BNB will make a move towards the top of the channel. $10,000 is possible, it's a "mere" +5,000%...

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After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again. Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish. Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some...

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In this analysis I want to take a look at a long-term pattern that BTC has been following over the last few years. In my eyes, BTC's price action closely resembles a cup&handle pattern, which is a bullish break out pattern. Assuming that the handle's low is in, we can place our stop right below it. Target at 150k. Be aware that the pattern has not yet been...

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After a month of trading below the diagonal purple resistance line, AVAX has finally broken out. The break out was accompanied with high volume, further reinforcing the bullish narrative. My expectation is that there's going to be some kind of altseason in the coming weeks, boosted by Ethereum's ETF optimism. For now, the signal on chart is my bet.

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In my last BONK analysis I discussed the bull-flag pattern and the expected reversal from the support. The trade was a great success, congratulations! Since we broke through the resistance on high volume, I'm expecting that BONK will make a move towards the 5000 area (March top). If BTC manages to make a new all-time high in the near future it can mean that...

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Memecoins like PEPE, Bonk, Floki etc. have been performing extremely well over the last few months. Their usecase is debatable, but does that really matter when a token rises 1,000%? Where most memecoins have already seen a massive upwards move, HONK has seemingly just started after it rose over 150% over the last two days. With a marketcap of around 5 million,...

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After months of bearish price action, Ethereum has finally broken out of a bull-flag pattern. The fact that we're up >10% on the break out is extremely bullish. I think this is the start of a prolonged bullish trend over the summer. First target placed at $5000.

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MATIC has been trading inside this massive triangle for over 2 years at this point. Chances are that it will take another year before MATIC will finally break out of this pattern. In my view, this triangle is a huge accumulation area where traders are loading in their bags in preparation for the next leg up. This can really fly once we break out. Time will tell....

FieryTrading Updated 

FTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support. I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low. The stop is very tight....

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Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern. In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed. As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min)....

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In last week's BONK analysis I talked about the bull-flag pattern on the chart and that I was waiting for a move towards the bottom support. And here we are, a perfect retest of the support and a big reversal. Looking for a move towards 2900.

FieryTrading Updated 

Has been a long time since we've done a crypto fiesta! Time for a new one 🔥 Short-term view: Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k...

FieryTrading Updated 

Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern. In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH. Note: the pattern has not been confirmed yet, so wait for the...

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PEPE has been performing extremely well over the last few weeks, gaining back almost all losses from March and April. This made me question where we can see a long-term top? If BTC remains trading neutral/bullish, alts will grow. In which case, I can see PEPE move all the way towards the top of the resistance of the parallel channel. This could mean an easy...