Se7enSkies

Se7enSkies

This ascending channel is still valid. If dominance reaches 66% and then drops drastically, it will make room for alts to recover from the bloodbath.

Se7enSkies

I think this is a crucial time for crypto, both technically and fundamentally, but I’ll be focusing on the technical side. Price needs to break above the upper resistance trend line for btc to break out of a descending channel. If btc fails to break above the channel, then it may head for a double bottom or back down to the support trend line of the descending...

Se7enSkies

According to this weekly chart, an inverse H&S can be spotted. Price easily broke through previous ATH resistance and currently is being challenged to form a support replacing the ATH as resistance. Daily RSI is also pointing to a potential midiun term market reversal. In conclusion, clueless and optimisitc.

Se7enSkies

According to the logarithmic regression trend line, the top is not in. The chart is pretty self explanatory. You should’ve bout at support. It’s too late to get in and it’s too early to pull out. If you want significant gains then a 150k btc is not gonna do you any good. Your best bet is to wait for the Sh**t Coin season.

Se7enSkies

If you bet your money on this chart and you lose money, it’s your fault. This is pure speculation and if you put your money somewhere because of someone’s speculation then you deserve to lose money. With all that being said, yes, I think ETH is going to 18k and there’s a lot of scared little babies around panicking because of a drop. Parallel lines are very simple...

Se7enSkies

The Ascending channel structure has not been broken yet. The midline of the channel acted as resistance last week, but yesterday dominance was able to break the midline resistance and now is hovering above the midline. This increase the chance that we will see dominance at the top of the channel again. One thing to notice is that on the 4H, the chart has printed a...

Se7enSkies

I just want you to look at this chart as I explain two important factors laid out in it. But before I explain I want to mention that many of the crypto experts you’re following have been saying that the dominance is weakening. If the dominance was weakening then two things must have happened. Number one, the dominance should not have broken out of the downtrend,...

Se7enSkies

I hope I’m wrong and I hope this never happens, but the weekly RSI for now is smelling like a bearish divergence, exactly what happened last bull market before the market crash. When price makes higher highs, but RSI prints lower highs, it usually means buyers are leaving the market and sellers are taking over. Of course, this bearish divergence is not a bearish...

Se7enSkies

If dominance of btc manages to raise to the top of the channel, it will be around the last blow off top, forming a potential double top to end the bull market for BTC.D, but it’s only a possibility.

Se7enSkies

I think this scenario is a probable possibility. Cardano could potentially be trading within this parallel ascending channel. The midline of the channel could be a good support for the continuation of the bull run, but first price needs to explode above the midline. If price rises to the top of this ascending channel, it means cardano will hit over 20 dollars a...

Se7enSkies

I don’t think we need to over complicate things here. Yes, the overall price action is confusing many of us, but I think the point here is to simplify a complicated matter. You got a downtrend line indicating resistance and an uptrend line indicating support, which is forming a symmetrical-like triangle. If you want to short btc you wait for the price to go below...

Se7enSkies

God is with those who are strategically and logically patient. Do not despair. Your days will come. I do not own any litecoin, but the chart and the structure it follows tells me that it will be one of the assets that will lead the alt season. Yes, we still see no sign of alt season, but that’s why we study LiteCoin. We study its chart to look for signals for...

Se7enSkies

I’m here to slap those calling for alt season since 2023. Yes, you deserve a big fat slap for calling for something that hasn’t happened yet. I’m guilty of calling for alt season without seeing any signs myself. You only need one indicator to tell you that we are in alt season and that’s when BTC.D goes and closes below 150 EMA on the weekly chart. For now the...

Se7enSkies

The target for this long term rising wedge is 18k-20k. After hitting this target we will see a massive crash. That’s it. The end.

Se7enSkies

BTC.D is in an ascending channel. This trend is your enemy until this structure breaks down below the channel. Meanwhile, it could potentially head to the midline and the top of the channel. The weekly RSI set to 50 is still not bullish for BTC.D imo. Once the weekly RSI raises above the SMA trend line then it will be very scary for the s***t coins.

Se7enSkies

RSI Length: 50 MA Type: SMA MA Length: 50 Historically, when RSI is below SMA on this setting, it means the start of alt season. One thing to pay attention to is that RSI is trying to break above the SMA line and if RSI fails to break above the SMA line, it is a confirmation that btc will lose value against alts. People have been calling for alt season since 2022,...

Se7enSkies

The only good thing about this chart is that for now price is holding onto EMA 150 support. If price loses this support and breaks below the daily EMA 150 it means you have to accept that this project is still in a bear market. For us to confirm that there’s a bull market ahead of us, price needs to break above and close above weekly EMA 150. For now, there’s a...

Se7enSkies

The big D is forming a bearish divergence on the 4H chart. That’s it. That could mean the last might outperform btc for a few days.