FieryTrading

FieryTrading

ARB has been consolidating inside a bull-flag since the start of 2024. With the altcoin market on fire at the moment, I expect ARB to continue the uptrend and break out in the near future. Targets placed at the current ATH and 3$. This token could see very decent returns in the near future.

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In my most recent BTC analysis I talked about the fact that my volatility depth indicator predicted a major move for Bitcoin, which would most likely be a bullish one. Few days and +15% later, the indicator has yet again predicted a massive move for Bitcoin. We're currently only ~16% away from a new all-time high. In my view, we're going to make a new ATH...

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In this analysis we're going to take another look at my Volatility Depth indicator (see below). As of recently, this indicator has yet again flashed green. Green means extremely low volatility. As we know, low volatility always precedes high volatility. Since September 2023, every time that this indicator has flashed green it predicted a strong bullish move...

FieryTrading Updated 

Has been a long time since we've done a crypto fiesta! Time for a new one 🔥 Short-term view: Bulls have the trend, but bears have the resistance. 3 possible paths drawn on the chart. If we can get a decent break out through the top resistance of the channel we might even make a new ATH before the halving. Small chance, but definitely possible! 🎉CRYPTO...

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Let me preface that this analysis is not a prediction of bearish price action. My short-term bias is still bullish and I wouldn't be surprised if we make a new ATH before the halving. That being said, I can very well be wrong on my bullish bias. Trading consists of IF>THEN. IF Bitcoin loses the uptrend, THEN we wait for the price to reach the bottom support of...

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Bitcoin has been trading within a well-defined range since a week. A few days ago, the range has set a clear low around 50.600$. My expectation is, in case the yellow support area will fail, that BTC will make a fake out to trick the bears. Longer-term time frames are still overly bullish, so the path of least resistance is up at this point. Ideally, we will see...

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In this analysis I want to discuss a way to time the market. Or more precise: to time the next ETH market bottom. We don't have a lot of trading data to look at, but we have 2 instances where this strategy has worked. The strategy is simple: buy Ethereum once the weekly RSI is below 30 and enjoy the ride. Every single time that ETH has reached oversold, this was...

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With BTC reaching above 50k, ICP confirmed a weekly bull-flag and has now made a higher-low above the Summer-2022 highs, confirming a long-term trend shift. In this analysis I want to talk about potentially the best trade that you can make in the coming bull-cycle. ICP could be making a massive comeback and go back to the ATH values of around 2500$. Think about...

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Previously I've talked a couple of times about this massive parallel channel that ADA is supposedly trading in. With the strong bullish impulse of the last two weeks, ADA has created a perfect swing low for us to trade on. With a target at 25$ (long-term) and a stop just below the swing low we can create a potentially amazing trade with a R/R of over 135. If...

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WLD keeps performing extremely well and has made a new ATH as of this morning. Bulls are definitely winning here. On the other hand, WLD is approaching a major area of resistance, the area from the all-time high to the yellow top resistance. Bulls should be on watch. Still, with the trend being so strong I wouldn't be surprised if WLD gets through this area in...

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In this analysis I want to compare the start of the previous two bull-cycles with the current one. Specifically, I want to look at the Fibonacci retracements drawn on the chart. During the start of the bull-runs, the 0.618 (light blue) Fibonacci retracement has always played a key role. First, the price has always rejected once from the 0.618 area once (red...

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After a massive ~250x during 2020-2021, CHZ has been slowing declining in value and lost nearly 95% of its gains at some point. During this low-volatility period, a huge bull-flag has appeared on the chart. With BTC breaking to multi year highs, CHZ had to follow at some point. I'm aiming for a breakout of the pattern with a target of around 1$. By keeping our...

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XRP has been gradually trading upwards since the massive crash in June 2022. Even though the trend is slow, it's still bullish over the long-term. As seen on the chart, we've yet again bounced from the bottom diagonal area of support. With BTC trading at 52k, we have to consider the idea that the bull-market is about to start and that XRP can see some great gains...

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Over the course of the last months I've made plenty analyses on the bullish channel that BTC is trading in. As of today, BTC is seemingly making first steps to break out of this channel. This area will be likely highly contested by bulls and bears. Bears will see a perfect entry for a short, bulls will see a perfect entry to exit (part of) their long position....

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After the initial launch on Binance, BONK has shown a lot of weakness. However, now that we're a few months later things have started to look better for the bulls. After an initial push in February, BONK has now successfully broken out of a short-term bull-flag, making it more likely fur the bulls to keep the trend. My idea is that BONK will likely go back...

FieryTrading Updated 

As of today Bitcoin has made new bull-market highs and is likely breaking through the 48,200$ resistance level from back in March of 2022. As mentioned in other analyses, this was my main resistance before the ATH. After 48.2k, there's realistically no real strong resistance apart from the 69,000$ ATH. Consequentially, this next leg up can very well take us to a...

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As BTC pushes up, FTM and many other alts are experiencing bullish moves as well. As for FTM, it appears to be forming a huge cup and handle pattern. A risk-averse trader would want to wait for the price to break through the neckline around 0.575, a risk seeking trader can already make an entry now, accepting the fact that it's a much riskier trade. Personally,...

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MATIC has been trading relatively bullish alongside Bitcoin's recent push upwards. However, MATIC seems to aim for a retest of the bottom support, which would be a great place for a high risk-reward entry. I'm anticipating BTC to push through 50k in the near future, which will naturally be great news for alts. MATIC could reach 1$ again in the not so distant future.