FieryTrading

FieryTrading Updated 

BTC has dropped over 10% in the last two days. In my eyes, the bottom could potentially be in based on the parallel channel drawn on the chart. Alts took another beating. If this reversal plays out both alts and BTC are in for a treat. For now, I expect a retest 67.500$. Stop below the recent swing-low and a target at the yellow top resistance.

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FLOKI has seen incredible gains over the last few weeks, gaining over 800% in the last 2 months. However, I think that FLOKI is due to a minor correction. The correction is caused by both FLOKI being incredibly overbought, as well as the fact that it hit it's previous all-time high resistance area. I'm aiming for a retest of the Fibonacci Golden Pocket area...

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In this analysis I want to talk about the upcoming Bitcoin top, and how to make sure you will exit at the "right" time. As seen on the chart, every past cycle has topped at, or close at the purple RSI resistance drawn on the bottom half of the chart. The strategy is simple, sell your BTC's in the month that the RSI has hit the top resistance. And Ideally, buy...

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WIF is one of the newer memecoins on the market and is placed in an illustrous list together with the likes of PEPE, DOGE, SHIB, FLOKI etc. As of earlier today, WIF has successfully confirmed the reversal from the bottom support of the parallel channel. This, together with an oversold RSI (for the first time since it hit Binance!) has convinced investors of a...

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In this analysis I want to dive deeper into on-chain analytics, namely the amount of the BTC supply that has not moved in over 1-year (read: investors that hold BTC for >1 year). This metric is important because it gauges the amount of hodlers in the market. Historically, the amount of hodlers always goes up during bear-markets and goes down during...

FieryTrading Updated 

In this analysis I want to take a look at Bitcoin's historical behaviour at the moment that it made new all-time highs (ATH's), and make a prediction based on those findings. As seen on the bottom two charts, Bitcoin has ALWAYS reversed substantially from the previous ATH's area of resistance (note: the area around the ATH functions as resistance, not the exact...

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As of today, I think we can finally say that Bitcoin has confidently broken out of the previous ATH of 69.000. Yes, we had a couple of wicks towards 70k, but never a real confident break out like now. Today is the start of Bitcoin's era of price discovery. If history will repeat itself we will go up a lot over the coming weeks. Prepare yourself for strong moves...

FieryTrading Updated 

A few weeks ago I made an analysis on FET and the pending cup & handle pattern that was about to break out. The price has risen close to 40% since my original analysis and the pattern is playing out quite well. With BTC trading bullish/neutral, I'm expecting FET to simply continue to move up. Target at 3$ for the next few months.

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After 1.5 years of straight selling, GMT has finally confirmed a change of the long-term trend. In my eyes, GMT is one of the better undervalued tokens on the market right now. It saw a huge move back in 2022, but lost around 95% of its value at some point. Relatively new token, so a lot of potential upside. Stop under the weekly swing low, target at the all-time high.

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In this analysis I want tot take a look at Bitcoin's historical price action during periods of a strongly overbought (>84) RSI. Before diving in I want to underline that my overall bias is still bullish and that this analysis is merely a warning based on historical RSI values. As seen on the chart, the RSI has not often reached above 84 points over the last 8...

FieryTrading Updated 

Together with many memecoins, SHIB has seen a siginifficant bullish move lately. However, SHIB has been consolidating for a few days at this point. In the process, a bull-flag pattern has been formed. For this signal we're going to wait for SHIB to break through the top of the pattern and place our stop below the most recent swing low. Target at 7500. I don't...

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Around three weeks ago I made an analysis on FTM where I discussed the pending break out of the cup & handle pattern. As seen on the chart, the pattern has been successfully confirmed and a break out is currently underway. FTM is now trading at it's highest point in 22 months. 2$ is the target for now. If BTC will soon break through 70k with confidence, we...

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Two days ago I made an analysis on my expectation of Bitcoin's short-term price action, based on historical price action at the moment a new all-time high has been made. My most likely scenario was a new ATH, followed by a dump towards the first yellow area of support. This has now occured, together with an hourly oversold reading on the RSI. Experienced...

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Let me preface that this trade is very risky and not likely to hit it's target. Risk=reward. You can potentially 126x your entry amount, so compare it with a lottery ticket. LUNA has broken out of a 1.5 year bearish channel pattern, which dominated the trend after the collapse back in May of 2022. This trade is based on the idea that LUNA will, miraculously, go...

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In my last analysis I talked about the bullish channel that WLD was trading in. My anticipation was that WLD would break through the top resistance and make it's way to 10$. After topping out around 9.25$, WLD has been reading sideways. With BTC trading exceptionally bullish, I expect WLD to break out of this pattern in the near future. WLD can fly. I'm aiming...

FieryTrading Updated 

At the start of the month I made an analysis on PEPE where I discussed the inverse head & shoulders pattern that has formed. Risk-seeking traders could've made a killer-entry around the purple area for a decent +300%. I think there's still more to this move. I'm looking at a 440 target for the next 1-2 weeks. Ideally paired with a neutral/bullish Bitcoin. Be...

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In this analysis I want to take a look at one of my favorite personal indicators: Bitcoin Logarithmic Price Bands. You can find a detailed explanation of the indicator below. In short, this indicator tries to predict future areas of extreme opportunity. Buy in the green and sell in the red. However, I also added a yellow band in the middle which surprisingly...

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In this analysis I want to make an educated guess on when the next bull-market (read: altseason) will start using the Bitcoin Dominance (BTC.D) chart. An uptrend in Bitcoin with a falling dominance would be the ideal case for alts. As seen on the chart, the altseason previously started by a top in the BTC.D and a consecutive fall afterwards. My best guess would...