Philippe_0x

Philippe_0x

LTC dumped, as most of the crypto market. Overall crypto future is still uncertain but I like this chart. LTC hit support and create some wicks which indicates buy pressure. Long term trendline is also retested, Stoch RSI is oversold. Risk/reward ration here is acceptable, I'm targeting 50% gain. When LTC dumped last time it retraced exactly to 0.618 Fib. For...

Philippe_0x

Analysis update from previous analysis with more project info: SPELL is one of few that shows signs of life after a few listings, and overall crypto market dump 💪 Once trendline is broken, retest of 0.02$ is imminent. Next level to watch is 0.029$ 🚀

Philippe_0x Updated 

Abracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral. SPELL is its token, used for incentivaztion as well as voting right when staked. There is not much TA to do on this chart. I'm posting it because I watched it last month and forgot about it until I see Coinbase Pro listing announcement. I...

Philippe_0x

Bitcoin is almost two weeks inside this channel. Unbelievable boring considering crypto dynamic environment. Until BTC breakout up/down relax and set your alerts. Usually during weekends there is no significant movement, but who knows, 2 weeks ago it was very dynamic. ;)

Philippe_0x

For now it looks like USDT dominance didn't reach upper boundary when last dump occur which isn't good sign. Last time when USDT dominance jump so high (approx. 55% from current level) is when BTC dumped 25% in a day. If something like this happen again BTC would probable dump to 30k region (red scenario). This would be marked as a start of bear market for...

Philippe_0x

- falling wedge retested ✅ - bullish divergence extended ✅ - small resistance at 0.30$, once turned into support test and probable breakout from dashed trendline is probable 🤙 Falling channel is also possible new pattern here.

Philippe_0x Updated 

For now ETH looks like it will close under support. In that case, for short term period I expect some further dip to "D support" and orange scenario to playout. If we dip under 3450$ and close there, further dive lower is probable. Notice potential hidden bullish divergence and falling wedge in formation as potential bullish outcome.

Philippe_0x

BTC is in consolidation before breakout up or down. In this situation I'm leaning to breakout to upside. My reasons are: - falling channel --> usually bullish - RSI very low, near trendline --> breakout is matter of time - Funding rate and premium index in accumulation The premium index is based on the difference in price between the perpetual swap contract...

Philippe_0x Updated 

Since it became a deflationary currency ETH holders are holding much better in bearish market condition. Recent flash dump was driven by liquidations which you can see even on volume, you don't need onchain or any other tool. Since ETH broke through previous ATH resistance, the volume has been steadily declining expect for the May crash. I don't expect new low...

Philippe_0x

If something happen in last bull cycle it doesn't have to happen in this cycle too, but we can play with these charts and make some predictions base on history data we got. The current ETH price action reminds me of last cycle price consolidation before takeoff. Graph similarities are great but ETH in 2017 isn't the same one as today's ETH. Back in 2017, for...

Philippe_0x

Radix is the first layer-one protocol specifically built to serve DeFi. 65% discount from the ATH seems reasonable signal to act. Retrace to Anchored VWAP (from trading start) and falling wedge are another green flags for this decision. Project is well known to most of crypto community and some of most popular crypto influencers adores it (CryptoBirb and...

Philippe_0x

Last time when BTC had 4 red weeks in a row were when BTC was under 10k! Consolidation in this weekly support area (+ 0.618 Fib. retracement + Anchored VWAP from last bottoms) and move to upside after it. Push down to 30-33k would be another 50+ % drop. At the moment I don't expect it. Too many people talk about it, so probable it won't happen. Fear is present....

Philippe_0x

The current CoinMarketCap ranking is #21, with a market cap of just $10,000,000,000 USD. We all remember famous chainlink run from 0.5$ to 50$, but after it LINK enter into long consolidation. Considering CMC ranking and M.Cap od just 10 Billion (for example, at the same time DOGE is at 22 Billion) LINK should reach 50 Billion at least in Q1-Q2 next year. Price...

Philippe_0x

Last analysis with more project details: Quote from last analysis: "I'm planning to load up even more again just under 0.618 fib. retracement level. If LIME close over 0.26$ I will increase my position (if wee don't see retracement to 0.618)." --> I just did! Falling wedge, bullish divergence, very active team... worth to have it in portfolio, moonshot potential!

Philippe_0x

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. The current CoinMarketCap ranking is #14, with a live market cap of $17,500,000,000 USD. I drawn first...

Philippe_0x

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Current No. 10 at CMC with 26 Billion M.Cap. After last accumulation phase LUNA has grown 470% (before first bigger price drop). Right now LUNA breaking out of the ascending accumulation and retested the upper boundary of the range. Despite recent...

Philippe_0x

Notice 2 different type of correlation on this charts. First one is from previous bull market where you can see how BTC outperform LTC, but once LTC gain some strength Bitcoin is unable to keep up with it. Also notice how LTC price lagging for ratio and where LTC reach its previous top. Second situation is where ratio reach upper boundary (LTC bottom, this was...

Philippe_0x

Recent BTC drop surprised everyone, me too. I expect some long liquidation but not this fast and especially not over the weekend. For now it looks like nice retest of upper boundary of big pennant pattern and previous lows (40k level). As you can see on chart I expected drop to 48k max. but BTC always manage to shock us all. Until upper boundary on RSI isn't...