Today's candle looks to be the deciding one. Currently, we can see the symmetric triangle coming to an end here and today's candle already wicking down to break out of the pattern. The RSI is painting hidden bearish divergence adding confirmation to this next potential move. The Altcoins are already further along this course waiting for Bitcoin to show them the...
HBAR looks to be in a rising wedge pattern with hidden bearish divergence. In the case that we see the wider crypto market crash, this asset can easily come down to the $0.03-$0.05 area. This would be a great entry point after seeing how Hedera can preform over the past year.
Coming off of a 40k Bitcoin has been quite the ride. Definitely another one of those Bitcoin's dead situations, everyone has been freaking out... "This is the end", "Coinbase is going bankrupt and will take all of your funds" The FUD is rather entertaining watching everyone run around like a chicken with their head cut off. The bottom line for me is that...
It's a look way down to find support for this asset... WOOF. Look at the RSI back in SEP, 2021. Even the MACD has a long way to drop. This chart looks like a steaming pile of dog S***.
I think the chart really speaks for itself here. This long term channel that has been projecting for a long time has broken.
This year Bitcoin has just been trading within the drawn channel. We officially broke the trend yesterday with a bearish engulfing candle closing below the trend line. This is definitely not good for the bulls and has made me a bear in the short to mid term. All the indicators are adding to the bearish outlook with the MACD about to have some serious momentum to...
As per usual ETH is following the leader. Although, Ether has been significantly stronger and has yet to fully close below the trend line. Bitcoin did this yesterday and today looks like to be Ether's turn. This move down could be pretty substantial with a likely 20-35% correction.
How many times can you smash a glass floor until it breaks? The answer: depends on the strength of the glass. The glass floor that I am talking about is the support at $37,766. From the span of Feb, 27th to March, 14th we basically tipple bottomed here. Fast forward to today we have wicked down to this level 4 days ago and are approaching it again. Can this...
The Total Crypto Market Cap is set up for a huge move by October. The large ascending triangle pattern that we've been within for 462 days will soon come to an end and I am holding a bullish stance for a few reason. -The weekly ascending triangle pattern -Hidden bullish divergence on the MACD and RSI -Momentum shift on the MACD -Staying above the trend line from...
This market always keeps you on your toes. Yesterday's candle close was impressive for the bulls, engulfing the one of 4/17.and could be the first sign of a trend reversal. The RSI is looking nice with a funky head and shoulders formation. The weekly MACD has flipped a few days ago but not too much volume yet. The daily MACD seems to be lagging the weekly and...
We could definitely take off from here but a pullback could offer one killer entry.
First daily candle to break the trend. Keep an eye out for where this one closes, It will be interesting to see what happens here. We could wick pretty hard around 12%. or just capitulate. This could be a bear trap but it's just too good of a trade setup to not open shorts with the physiological resistance of 40k right overhead.
Today's daily candle has just broke through an important resistance at $1.20. Currently, I am waiting to see where today's candle closes which could also paint a higher high breaking the midterm downtrend. Time after time in this assets history bouncing off $1.00 results in a rally to around $1.50.
Stellar Lumens is testing a key resistance at $0.243, if this can be flipped we're looking at some huge targets. $0.341 $0.393 $0.425 I really would not be surprised if we blasted right through like on January 6th, 2021
It has certainly been a fearful few months here in the crypto market. We may be coming out of the woods unscathed. -Nice rally off trend line -MACD and RSI have been able to cool off -Hidden bullish divergence on RSI -Huge sentiment shift
Wow, what a run this K9's had. Look at how low we are on the MACD. I want to see SHIB hold support at $0.00003096 and if that can happen the sky's the limit.
Breaking out of a bullish pennant pattern with confluence of the target move meeting resistance at $33.00. MACD momentum adding confirmation to the pennant pattern.
Could see Litecoin back around $125 by the 24th of March. A break out of the ascending triangle will get us to the $125 area. From here Litcoin will face resistance at $140 but if Litcoin can switch $140 to support the range will be up to $200.