Monovon

Monovon

BTC front-ran the S&P top back in Nov 2021. The S&P caught up at point 3. Later, BTC lagged against the S&P bottom and imo is currently still lagging. With both the S&P and DXY at April 22 highs/lows, BTC should logically follow this run up. Never in BTC's history has a "bear market" rally ended without a blowoff top. I believe this is an accumulation phase...

Monovon

An interesting classical chart pattern identified as a Reverse Symmetrical Triangle AKA Megaphone. In the current situation it is bullish as it developed from an uptrend. It will be interesting to see how this plays out.

Monovon

It seems as though the NASDAQ is stuck between either a momentum breakout or rising wedge. Interesting to keep and eye on.

Monovon

Is this 9 month rectangle consolidation about to finally breakout for XRP? After its dealing with SEC looking like it's finally about to close, a narrative that's been frequent in the crypto industry may finally have its day in the sun. A weekly close above rectangle may trigger incentives to long.

Monovon

If something crazy doesn't happen, in about 7 days the 100D MA is going to cross above the 200D MA. Whenever Bitcoin has done that it has put in +30% green Weekly candle. It will send us straight to around $32k. Since time is everything in a market, there's no better indicator to measure time other than moving averages. Have a great week.

Monovon

After forming a pennant that broke to the downside, a possible reverse head and shoulders pattern is forming on Cardano. It seems to have reclaimed the 0.40 level and is currently holding as support.

Monovon

Holochain was a great investment in the previous cycle as it ran against ETH more than 10 times. I think if you're looking to increase your ETH position then accumulating Holochain would be an amazing strategy. In the previous cycle you can see the amount of time it took for the HOT/ETH pair to bottom out and took roughly 7 weeks to complete its bullrun. If...

Monovon

After Magic formed a rising wedge pattern the next logical step would be to bid the area of daily support as that would complete the retracement of the rising wedge formation. Invalidation below $1.20

Monovon

One can only assume a trend continues until it doesn't. After the dixie ran the lows I therefore am expecting a bearish retest. A support held above retest zone should lead to continuation of bullish price action. I am targetting the 97 levels as support.

Monovon

Hello TradingView friends, Today I would like to discuss a topic many have heard of but few actually have indulge deep into. The phenomena is known as "Time in the Market". The chart we are currently looking at is on a Monthly time frame and I will be using 5 smooth moving averages. (red:20, purple:50, green:100, blue:200, white:300) There is a point on the...

Monovon

Here we can observe an ascending triangle pattern breakout on BNB on the 4hr. It seems as though there was a false breakout that quickly fell back into the range but other than that I think we're good to go.

Monovon

This beautiful Reverse H&S pattern breakout and retest could only mean one thing! UP ONLY. These short time frame Reverse H&S's that happen at bottom levels like this are known to create harsh upwards patterns between %50 and %70. An occasion like this would also cause the S&P to rally and give it strength. Good luck friends. Have a great week. NASDAQ:TSLA

Monovon

Normally during Bitcoin season I would not touch alt coins. However, I really like these kind of diagonal candle structures with increasing volume. They usually always break to the upside as the structure of the candles are not curving but moving in a consistent direction. I would expect this pattern to violently break to the upside. Also to add, during Bitcoin...

Monovon

I would like to see the December lows taken out and see the reaction to the stops. If it finds support at the lower 16k's region I will take a long, if not it seems highly likely that Bitcoin will make new lows. It's just a probability trade idea based on price action and nothing too serious as the market is lacking liquidity and the order books are very thin....

Monovon

I personally don't know how or why this coin held up so well during this bear but a support level can only get tested so many times before it loses it. You can almost hear the music playing in the background and goes like "knock knock knocking on heavens dooooor".

Monovon

Times have changed and there seems to be a bug in the system. Ethereum is continuously outrunning Bitcoin on every pump and that has never occurred in any of the previous cycles. Many of you already know that NFTs have played a major part in the propping up of Ethereums price and with the latest merge, ETH has now moved to a Proof Of Stake mechanism, which...

Monovon

November 2021 - November 2022, what a year it has been for all markets. I remember like it was yesterday where people felt nothing (including myself) when that failed breakout occurred. The truth is, no one knows where the market is going and many (including myself) will continue to be wrong. The most important aim is to be right more than wrong. I ask myself,...

Monovon

This is just an idea of a "soft landing" for stocks. The level marked is technically the last gap that could close to the downside when it comes to this cycle. I'm still on the page of being all in at that level as I still am of the essence that a bottom has been reached for stocks. Of course all this can change the moment something breaks. If this does play out...