Madinakh

Madinakh

Since FED started to raise interest rates I decided do not share any TA here… Raising interest rates bullish for U.S. dollar - bearish for our Crypto world! Im watching more close DXY since I saw an article ”Saudi Arabia requests to join BRICS” As we can see on the monthly chart DXY was moving inside of rising parallel channel since 2008 and since 2021 the...

Madinakh

Hello everyone! As we can see price was squeezing in ascending triangle,finally yesterday price managed upside breakout at the same time broken our resistance (red downward sloping trendline) Retail traders get excited after seeing this breakout and ofc youtubers (moonboyz) add fuel to the fire)) tbh I wont surprise if price reverses after trapping these traders!...

Madinakh

Ethereum continues to see outflows, with US$16m of outflows last week. Our next support is 1700$ and resistance for now our Fib levels! Death cross about to occur ( Ma50 and Ma200) My advice be careful “no futures” market full of bear trap and bull trap! Patience is best..Market will liquidate greedy players!!!

Madinakh

As we can see the price squezzing inside the triangle..probably tomorrow we might see sharp move “up or down” Btc volatility 39% which means too early to talk about new ATH’s 1) If the market wants to liquidate shorts,there will be a short squeeze approximately 46K-47K could be more! 2) If long squeeze; price may drop to 35k-36K 3) Institutional investors...

Madinakh

As we can see Avax made Head and shoulders,retested neckline! Price can fall to 50$..I know sounds “so bearish” but everything is possible in this market.There will be minimum 4 interest rates increase this year to come in the US which is not good for us (for Crypto) Not financial advice! Stay safe..

Madinakh

Everyday we are receiving important data which could affect the markets..Today at 10:00 Fed chair Powell testifies - if we dont lose today our major support 39.600 I would consider 39.600 as our bottom and market will recover slowly.. How if we lose our support? Our next support at 37400. Imo if we lose 39600 we could see more sell pressure arise Keep an eye on...

Madinakh

Eth update.. As I said no major changes..everything as we expected! Our strong support as I mentioned blue uptrend line..and fib level 38.20% We still dont know exactly where is the bottom as long as Macro risky( My advice dont listen anybody who is saying buy the dip..keep an eye on Macro! Dont forget that we are small fish in this market :D Big players not...

Madinakh Updated 

Mana The first VR head-mounted display (HMD) system, The Sword of Damocles, was invented in 1968 by computer scientist Ivan Sutherland and his student Bob Sproull. As I said “No force on earth can stop an idea whose time has come” They can ban crypto,bitcoin,stablecoin, etc. Except Metaverse and Nft! I believe that “Mana” is bitcoin for Metaverse world! Q4 of...

Madinakh

Soon Ma20 will cross Ma200 (from above to below) mini death cross! Then we need to watch Ma50 and Ma200! I want to ask all the Youtuber’s (moonboyzzz) who was saying 50k was bottom “Buy the dip” If it was bottom ser where is the buyers??? All I know below the 39k market is dead for a while!

Madinakh

Fantom: as we can see there is a potential H&S pattern in 4h..Well H&S may be failed if price will breakout right shoulder.If cant breakout right shoulder and breaks the neckline of H&S price can fall to 1.77 (which is our fib level and Ma200) Some reminders: 1) Iran bans Bitcoin mining until March! 2) All Chinese have to sell their crypto before EOY! 3) Options...

Madinakh

Eth is moving within a descending channel! For now our Resistance - upper trendline of channel Support - downtrend of channel, MA200, fib levels. Price has to breakout upper trendline of channel and hold to be bullish again. Not financial advise!

Madinakh

We are at the support :) as I mentioned if it breaks down and also BTC need to be stable - then ALTSEASON party will start! BUT Bitcoin Dominance - at the same level from where we bounced in 17th May and 6th September! Bouncing at this level (40’s) will make a bloody hell for ALTs! Imo (In my opinion) we will bounce from here to 50’s and dump from there to 30’s...

Madinakh

Leverage ratio hits all time high (scary) For new ATH - market has to liquidate the 40-45K longs and the 49-54K shorts! Looking back at June, we can see a similar bull trap POTENTIALLY forming. Eventually 24B$ options expiring 12/31 Im expecting big moves on 31th! Not financial advice! Stay safe!

Madinakh

1) Avax made double top! Price can fall to 105$ which is fib level 50.00% and Ma200! 2) Price was in bearish wedge, now we can see its broken! Tbh I wont surprise if price will touch one more time 75$ Nfa!!!

Madinakh

As we can see resistance finally broken! Sand made triple bottom. If SAND holds above resistance and of course if “daily close” above resistance then we could see more bullish pressure arise! Targets 5.80 - 6.30

Madinakh

Since November Dot is in Descending channel..( Our resistance is upper line of channel Our daily support is bottom line of channel Strong support zone as I mentioned Red uptrend line and our fib level 23.60% (which is 18.90$) Only if it breaks our resistance and holds..dot is bullish again!

Madinakh

We can see the price was in bearish pennant or descending triangle.Now trying to breakout.. Our resistance still same red downtrend line.Btc likely will try to breakout and we may see local pump! Targets around 53-55 How it can pump if Btc percent on exchanges increasing?! Maybe we have to look “Exchange BTC Futures Open Interest” ah noo funding rates and...

Madinakh

Yesterday we lost our support MA200.. Our next supports 44690,42744 and strong support at 39600! Until BTC breaks our resistance (red downtrend line) and hits above 52-53K we have zero confirmation that the downtrend is over. Stay safe ;)