Hey everyone, this is going to be a little longer to give you all some context. So let's jump right into and take a look at BTC: It was beyond important for BTC to close above the June low at $28.8K on the weekly. The close at ~$31.3K was in fact really strong considering the macro circumstances we experienced last week. We're now in our 8th consecutive week of...
Hey guys, I hope you are doing fine and I really hope that you didn't lose (much) in the LUNA / UST drama. This is going to be a little bit different than my usual ideas on TradingView. What we witnessed the last couple of days was what I consider a minor Crypto crash that could have developed into something even worse. On the one hand we could argue that this...
Yesterday we saw BTC breaking out of the falling wedge everyone was talking about. Now Bitcoin is trading slightly below the upper edge of what I consider to be the next bigger falling wedge, which I indicated in this post a couple of days ago: If we zoom in on the 1HTF, we can see a bull flag in the making, which - if this plays out the way it should be - will...
GMT looks very nice to me. It has just corrected and indicates bullish signals on the 1HTF. I entered a position and look forward to selling it higher. Let's see how this plays out. Thanks for your support. Have a good one.
Hey everyone, I hope you're doing fine despite the current market. BTC has formed a falling wedge on the 4H time frame over the last couple of days. It's currently in the process of testing the upper edge of it, after being rejected by it just a couple of hours ago. If BTC can close above $39.2K, we have a valid breakout attempt. That's our main level to watch...
COMP is forming what looks like a descending triangle. Volume is dropping and COMP's price has just crossed the MA50, which didn't offer much support. Once Compound closes below $115, I think it's safe to assume that COMP is going to test its November 2020 low at ~ $80.6. Let's see how this plays out. Thanks for your support. Have a good one.
XTZ has been correcting from its ATH since October 2021. It is like a textbook correction with typical bear market rallies. Tezos is now trading around its main historical support trendline. If XTZ breaks below that, I think we will head towards $2-2.2. However, given the current level and historical upside impetus from the main support trendline that you can see...
I don't like what I see here. IOTA seems to have formed a big descending triangle indicating a further downside. It is currently trading slightly below the lower edge of the DT. If the price cannot break above the lower edge, I'm pretty much conviced that we see IOTA dip into the support area around $0.4-0.45 What is slightly encouraging though is that the last...
Ethereum Classic ETC is looking really good on the daily timeframe. Let's focus on the obvious: We have the classic falling wedge pattern, which eventually will be broken. Now I like the spot ETC is currently in. We have these two supporting trendlines, at which we could see some volume flowing back into ETC. I'm short-term bearish as I expect ETC to dip below...
If this double top / "M" pattern play out for ATOM, I could see the price retrace towards the $11.5 - 14.0 area. A first indication for this pattern to play out, would be if the price closes below $20.0 on the daily chart. Let's see how this plays out. Thanks for your support. Have a good one.
Should FTM not be able to reclaim the $1.00 level, I could see it dipping towards the next area of support at the $0.48 - 0.6 levels. However, if we should have overall favorable conditions, I could see it correcting from its current downtrend towards the MA50 and/or its main resistance trend line, before retesting $1.00 again and falling below towards the...
With the overall market conditions weighing towards the bearish side, I can see LSK dipping into the top of its main accumulation zone of $1.65 - $1.35 from late 2020 and early 2021. LSK got recently rejected at a trend line, that acted as resistance before. In addition to this, the price couldn't stabilize around the MA200 and even fell below the MA50. That's...
AAVE recently tested the MA50 twice. I like the overall scenario and will enter a trade once it closes above $180.6, which triggers a new high on the H1 chart. Let's see how this plays out. Thanks for your support. Have a good one.
CRV currently trades below its MA50. Once it moves above $2.42 and closes above the MA50, I would like to enter and aim for at least $3.3, preferably higher. What is interesting is that the volume hasn't been so low since last July. So, hopefully we can see some volume move into CRV and lift this off towards my targets. If CRV cannot cross $2.42, I can see it...
If we take a look on the weekly chart, we see that AVAX has been trading in what is called an ascending channel since mid January. The current weekly candle could be Doji, indicating a reversal starting as soon as next week. Now I would like to get a bullish confirmation on lower time frames. Let's take a look.
RUNE has been on a massive run lately. Most recently, Rune showed a golden cross, which is definition a bullish sign. I could see RUNE dipping a little lower to test the MA200 for support, but by then we should have enough rocket fuel to lead us towards $12. Keep in mind that we are in an area, that has proven to show lots of volume in the past few weeks. Once we...
Ethereum looks really constructive, especially on higher time frames. We have found support at the MA50 on the daily and we see some volume going into ETH. Both the H4 and the D1 charts look bullish to me. I like to catch ETH now while it is correcting. SL is set below the last low. I aim for a new all time high at $5K! Should we lose this trade, I will re-enter...
It's totally crazy how many new projects are listed on KuCoin each day. Most of these projects are probably going to die within the next 2 - 5 years. But keep in mind that KCS has currently a market cap of ~1.46bn USD. Once we see more volume coming into this market, KCS will be my top centralized exchange token. I think it is totally undervalued atm. KuCoin has...