As discussed in my analysis yesterday, the upwards target for its first move up is $0.58! Hope you all are enjoying this breakout. Like and follow us if you appreciate this analysis, and want more like it!
Will likely depend on bitcoin, but heres how I see it playing out in either direction. My bias? None - just ready to react!
** If - and only IF - bitcoin can't bounce from it's current level of $61k ** - The scenario in which BTC makes a move to $52k-$54k and receives a bounce is actually QUITE bullish in my opinion. Would likely form hidden bullish divergence on the larger time frames, and would wipe out the weak hands and the high leveraged altcoin trades (as well as BTC) ... Let's...
Here we have a comparison of ETH's chart in january of 2021 to LUNA's current structure that we see. The two structures look very similar to me, so this idea shows what LUNA could do if it continues the path that ETHUSD did when entering into price discovery. LUNA as you can see is also on the cusp of a breakout, so I'll be monitoring whether the move is similar...
Next stop: To the Moon My TP's: TP1: 0.94 TP2: 1.40 TP3: 2.00 TP4: 2.50 TP5: We'll see Not Financial advice - like and follow for more altcoins and bitcoin analysis!
1. Great curvature to this structure 2. Slow but upwards choppy movement 3. This BTC nature enables altcoins to get going as we've seen 4. I expect us to run to 72k quickly once breaking the resistance of this structure (if we can hold it) Just an idea, not financial advice! Like and follow our page for BTC and Altcoin daily analysis... Cheers!
Get ready ladies and gentleman... reminds me of eths chart prior to it going parabolic around this time last year! Trade safely!
Time to break the rejection point and confirm this moon shot to come...
AXSUSD Update - Spooky Szn for bears - Trick or Treat? If this play's out it'll be a happy halloween... Not intended to be financial advice! Trade Safely and don't chase tricks, but let's get these treats... Cheers!
Still need at least 4hr or 8hr close above this level to confirm in my opinion - target of the bull flag is roughly $230 - Not financial advice - If you enjoyed this analysis let us know in the comments - Follow us for more in depth analysis on all cryptos! Cheers, and trade safely
Just for fun, not financial advice Do you agree or think this is possible? Let me know in the comments as well as like and follow us if you enjoyed this idea!
Just an idea based off of historical observation. 1. Head and Shoulders target to $53-$55k 2. Trend Line break-through will determine the end of the correction 3. ATH to come once development of falling wedge is complete 4. ALT's will likely get crushed until we are short-term bullish again This is not financial advice. Like, comment, and follow if you gained...
Inverse H&S for ADA on a small time frame within a larger symmetrical triangle structure. A break of this structure to the upside would validate the inverse HS and lead to a breakout of the symmetrical triangle. LMK if you have any questions
Here, you can see that I'm looking for bitcoin to correct to back test the previous downward sloping resistance, as support. This would equate to a retracement to the .05 fib level (based off it's most recent move up). After a healthy re-test of the 49-50k range, I expect bitcoin to make a powerful move in to what likely will be a new price discovery phase of...
Hey y'all! I wanted show you in this post the scenario in which I'm looking to enter an ethereum trade. Remember, it's about finding 'the' trade, not 'a' trade. What I mean by this is that if this scenario doesn't play out, then I will simply look for my next opportunity, rather than force a trade that i am ill-prepared for. No need to force an entry, better to...
Just for fun - Check my previous post for my updated analysis on BTC Not financial advice blah blah blah, you know the drill... Trade Safely and Let's get this bread!
Overview: Before giving you Our bullish + Bearish Scenarios, as well as my own personal bias, I'd like to explain what's going on in this chart. First and foremost, we can see our Macro support and Resistance, which are represented by the orange lines. The horizontal support line rests at 28k, which fortunately is a good deal of distance from our current price of...
Today, we are looking at the daily time frame for bitcoin, to try and figure out where we are in the trend. I have had this exact chart drawn out for a couple of weeks (see my previous analysis on bitcoin for reference), and it has greatly helped avoid the sideways choppy action that comes after a dump, and is "designed" to grab as much liquidity before choosing...