MonkeyPhone

MonkeyPhone

This is what I envision for Bitcoin up until 2030. I believe this current 2 week candle will close as a doji and then the following weeks after the US elections to be bullish. Bitcoin peaks around $93,236 based on fibs. Distribution will take place and price will thenhave a 50% to 60% bear market retracement that takes the chart into 2027 or 2028. That's where the...

MonkeyPhone

After a large move up on ETF news ether has consolidated over the past couple of weeks. In my opinion that is nearing its end and is about to go higher. I think bitcoin will hold around here for some time and let ether take the wheel.

MonkeyPhone

Any day now LSE:ADA will breakout of over a year of accumulation. It is one of the few coins that haven't seen a significant rally as of yet. That is about to change in my opinion. A conservative price target would be $1.05ish where the 77 Vwma currently sits. A 155% gain. A timeframe on this would be about 2 months to target.

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Ladies and Gentlemen, after decades of price suppression, NASDAQ:XAG is finally ready to break out. As you can see, price has broken out of the cloud and has regained bullish emas. The only resistance left is the 77 Vwma. After we breakthrough that, based on fibs, I put the initial breakout target at $31.35. After that clears, $35 should be an area investors and...

MonkeyPhone

CRYPTOCAP:ETH is at an important juncture visible through this dominance chart. You can see its dominance has broken through to the downside at a weak spot in the ichimoku cloud. It is also currently below the 77 Vwma with a mere 18 hours to go until this candle closes. The significance of this is that there hasn't been a close below it since July of 2020, right...

MonkeyPhone

On high time frame chart standards, NASDAQ:COIN Coinbase is a fresh chart. In the past week we have entered the cloud and an edge to edge trade would put price from $99 to double that at $200. Time frame is roughly 5 months. With the majority of the spot etfs going to go through Coinbase, this, in my opinion, is a great play. Spot ETFs for Bitcoin will likely be...

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Looking at the chart you can see we found support at the 200 Ema using 2 week candles at the beginning of this year. Price has more than doubled since then. We've regained the 8 Ema over the 21 and are starting to expand rapidly. Edge to edge cloud trade would put us at $42,500 as a short term target. The only thing that has kept this run in check so far is the 77...

MonkeyPhone

We're seeing a bit of relief from the rapid fall from 31000. I expect the upward momentum to continue until 28500 before ultimately breaking down with a target of 25000.

MonkeyPhone

In my opinion we've stalled on the recent uptrend on Bitcoin. I believe we'll have around a 2k price drop in the coming week or two which would sweep the lows at 26400. After that I think we will try to break through the resistance at 32000. The current trend is bullish and until proven otherwise, the march of the bulls is well underway.

MonkeyPhone

It was an interesting start of the new week as traders gathered round in mass and tried to break support. The dip that should have been bought has passed and now we can only buy in higher. But fear not, this is only the beginning of the new run, the lows are in and we can enjoy months of up only. Macro doesn't matter in these times as greed will only fuel the...

MonkeyPhone

I was looking through some of my old trading strategies and ran across my CCI setups. What's interesting about this chart on the 2 week per candle is that we are currently crossing up from -130 and -70 on the CCI. This is the 4th time it's happened in Bitcoins history. Each time it has done so, it has been the beginning of a notable increase in price and has...

MonkeyPhone

My system of trading just printed a sell signal for the S&P. Bearish engulfing candle on the 6 hour, Period 20 CCI pushed below 70 from above, period 5 hit below -130 signifying strong downward pressure. Not shown here, but a fib retracement drawn on the most recent move down on the weekly has the golden ratio(1.618) at around 3000 for a target. With FOMC...

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Hi there. These are my thoughts on how the markets will play out this week. In my opinion this is another bear market rally that is targeting trailing stops between 3950~4000. We are below the 200ma on the 2D and below the cloud. Taking this into consideration and the fact that FOMC is Wednesday and will most likely raise rates another 75bps I can see the...

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Unfortunately I see Bitcoin retracing this recent move up unless we really are starting the next bull market as the stochastic is approaching the overbought zone. Each time it has hit that since June, we've had a sharp retracement. Macd is turning up from the zero line though and CCI is showing a very strong trend upwards. If we are to get any more upside, I...

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Expecting 19,400 to be a bottom for now and the curved line acting as resistance. PA getting tighter and less volatile for the next few hours. Haven't taken a trade today but on higher timeframes I'm bullish, looking at 20500 as a point of interest.

MonkeyPhone

Stop loss below the weekly price pivot, 2 to 1 RR.

MonkeyPhone

We're at a critical juncture currently with us being at the 200ma on the 4hr chart, resistance 3 on the weekly pilot chart and where price should be on the monthly chart. If bulls can break though this resistance, I don't see price slowing down until 23500 which is a downward trendline which has pushed price up or down everytime it has came close to it and is also...

MonkeyPhone

Try as I might, I can't find a reason to be bullish on this chart by price action. Add in current macro economic conditions and whew...Only bullish thing I can think of is that summer vacation is about over and traders are getting back to their desks. Another thing that worries me though is that we are currently trading below an institutional moving average on the...