


Bitcoin strength is weakening due to the heavy resistance it faces at 50k. It is showing very similar structure to when BTC hit its All-Time High and faced a massive correction in May. We are seeing a rise in price but a fall in momentum on the RSI which usually is a good sign of weakness. Especially when it is paired with BTC fighting the strong resistance at...
Apple has been trading in a Rising Wedge Pattern for 397 days now and is currently testing resistance at the top of the wedge . While we do see squeezing at the top near resistance, which would normally be a bullish sign for break out, we are also seeing falling of momentum on the RSI and a continued rise in price which is usually a sign of weakness. Judging by...
With BTC making a 73% rise since July 21st, it is finally approaching resistance where we have seen BTC hang around the 47k-50k area for some time now. We have already seen a few 50k rejections but it looks like it just hasn't touched that resistance zone indicated on the chart. Now a very important thing to note here is that these levels are indicated from the...
Since we have seen a breakdown of the local trendline ETH should correct to the larger bullish trendline labeled on the chart where it will likely find more strength to keep going. If ETH wants to really go on a run it needs to have this correction to keep the momentum going. A lot of future price movement will have to do with how well BTC is able to hold its...
Corsair has been trading in a Descending Channel since its peak in June and is finally looking like it is ready to break it to the upside to retest the trading range it has fallen from. We can determine this by the strong wick we at $26 along with squeezing at the top of the channel. A successful break of this downtrend will send the price to roughly $30. If CRSR...
Here in the chart, we see a potential Bull Flag forming on $FOBO. A break out of the flag formation would send it out of its downtrend and towards the targets listed above. ~Target 1 is $35 ~Target 2 is $43 ~Target 3 is $54
Here's why I believe it's reasonable to favor the pump in this situation. We see a retracement back to the Bullish Trendline set in January 2021 and has respected it for almost 8 months now. On top of this we see a Falling Wedge Pattern which has a bullish bias that is being met right at the trendline. If AMC does indeed pop from here, most of the Speculative...
Don't underestimate the levels indicated in the chart. These levels have been incredibly consistent with gauging where BTC is at in the bigger picture. The price action BTC has shown has definitely been something to see. We are 100% seeing a fight to keep BTC's long-term bullish trendline alive and active. From a bullish perspective, this could be a good sign as...
BTC is backing down from what appears to be a strong rise bouncing off the 29k level. From here there are likely two main scenarios we must consider going forward. This is going to be a mutual post, neither long nor short. Only going to indicated what I see as the levels that BTC is likely to react from. Watching these levels will likely tell you the direction...
Predicting price range to be (0.00000460 sat - 0.00000560) on August 31st, 2021. Judging by the channel it has been trading in for roughly 40 days now, it will be looking to break the 200MA as it will test support in this area. I do not expect it to rise parabolically, there is a good chance we will see a quick reversal back down to test the downtrend break out...
I know all of us are on the edge of our seats waiting to see where crypto is going and if BTC is ready to take off. Let me explain why it won't be that easy and when things seem too good to be true, they likely are. I have made a previous post on the Total Market Cap explaining the critical bullish trend line it most hold to remain with bullish momentum. A break...
Now at first this chart will look messy and random but the more you look at it the picture should become more clear. We have now seen 10 straight days of solid green and surely BTC is headed to New All-Time Highs right? We see a higher high and surely broken the downtrend right? Well, let's stop and take all previous price action since May 19th and apply it to...
Here we see ETH has formed a rising wedge pattern with a pretty clear ABCDE Pattern to potentially confirm it. From here we should see the correction where it will look to retest the breakdown of the rising wedge, which would confirm the pattern where it will then look to find support near the 200 MA. If the 200 MA fails to hold as support it will then go to...
As shown in the chart we see BTC has formed a rising wedge alongside an ABCDE pattern which suggests confirmation of the wedge. Once we see a breakdown of the wedge it will look to retest it to confirm the pattern. From there BTC will look to find support around the 36k area. If this support doesn't hold the next stop will be 34.7k where BTC is likely to find...
Bitcoin has had a strong 8 days and is coming close to very strong resistance. If BTC is really gearing itself up for a real run, it needs a lot of strength to push ahead from here. The most likely way it will gain this strength is by a slight correction somewhere around this area indicated on the chart. This is suggested by the wedge pattern break down and retest...
After touching the 500 Day bullish trendline, $TLRY seems to have had a bullish breakout of its local downtrend channel. If it has a successful retest of the break this could potentially be a bullish setup. The targets are labeled in the chart. ~First target $19 ~Second target $23 ~Third target $31
Bitcoin has reached serious overbought territory on the 4hr. If we are still in a seller's market we can expect this to snap to the downside with good certainty. I am still respecting the downtrend which is why I'm expecting the downside. We have seen the RSI hit this level roughly 6 other times since February and each time was met with heavy selling pressure....
100 million shorts were liquidated yesterday and sent the price to around 39k. Since then it has consolidated and seems like it has broken above the white trend line. The next major resistance is 45k near the red downtrend line. This is it, if BTC ever wanted a chance to reverse the downtrend early this would be the primary scenario. If we have seen the start of...