Hey Turbo traders! Turbo experienced a rapid surge within a single day and now it's time to analyze the next potential moves. Let's dive into the latest price action and what to expect next. Surge and Retest Rapid Surge: Turbo surged dramatically within one day, showcasing impressive bullish momentum. Retest of mOpen: After the surge, the price retested...
NOT surged to an important swing high, where we faced strong resistance. The Fibonacci speed fan perfectly acted as resistance at the swing high, showcasing a textbook low-risk trade setup for an excellent R short trade. Given the resistance at the swing high, it looks like we're entering a range-bound phase, building up a trading range. Expect some sideways...
Hey there! We've seen some exciting price action with Popcat recently, but it looks like the party might be cooling down. Let’s explore why now might be the perfect time to consider a short trade targeting the naked Point of Control (nPOC), which aligns beautifully with the Volume Weighted Average Price (VWAP). Popcat made another impressive surge, taking out its...
Hey crypto enthusiasts! Let’s dive into the latest hot coin on the market: Popcat (POPCAT). With a massive 231% surge in just 8 days, all eyes are on whether this coin is poised for a correction or another leg up. Let's break it down! Recent Surge: What's Behind the Hype? Popcat coin has taken the market by storm, surging a staggering 231% in just over a week....
Hey fellow crypto enthusiasts! Let's dive into Bitcoin's recent price action and what we can expect in the coming months. The Correction Phase: Why It's Not All Doom and Gloom First off, don't panic about the current correction phase. After the halving, a correction was not just expected. It’s healthy! Think of it as Bitcoin catching its breath before the next...
The bulls tried several times to break the strong resistance level of $1700 but failed to do so. However, it has now retraced to the golden pocket area, presenting a favorable long opportunity with the potential to surpass the $1700 resistance leve this time. If successful, the next target level could be the psychological mark of $2000. The bullish bias for ETH...
ETH has faced significant resistance at the key level of $1700, marked by the June 2021 low. Despite repeated attempts we failed to break through this level, leading to a swing failure at the November 2022 high. This failure has resulted in a retracement to the liquidity zone at $1500 (Key Level), which is also the median line of the channel. Additionally, there...
The market has been stuck in a trading range at its highest levels for more than 10 consecutive days and with the start of a new month, it's a great time to look for potential buying opportunities. As investors, it's always exciting to explore new opportunities and reap the benefits. In this scenario, it would be beneficial to see if the market tests its lows once again.
The market is currently displaying signs of an ABC correction, with the focus being on wave C. Key level to watch is 1500, as a substantial amount of liquidity has been accumulated during the trading range in this area. This could potentially provide an opportunity for traders to enter the market if the long positions are flushed out. The Fib 0.5 level of the...
It appears that we are currently experiencing a similar pattern to the bull run we saw in the past. During this previous bull run, we saw a sharp decline from 65K to 29K. Currently, we are seeing a similar pattern with long positions being trapped at the top and many stops being placed below 20,4K. If this pattern continues, we may see a decline towards the 20K...
In May 2022, the major structure at 29K was broken and a 1 month trading range formed at the support level until it was finally broken to the downside. By measuring the distance from the all-time high (ATH) to 29K and applying it to the downwards target, we can calculate a potential target of around 12K. Using the Fibonacci retracement tool from the start of the...
Today, we'll take a look at the CMF indicator with my own custom settings, which has been showing some interesting data since the inception of bitcoin . We entered an accumulation phase whenever we fell below the 0 line. Money began to flow back into the market after the accumulation. In general, we are accumulating near/below the zero line. Anything above 0.25...
As a result of the current market instability, some investors are panic selling, while others are clinging on in the hopes of a recovery. In just three months, the value of Bitcoin has fallen by more than 60%... On the weekly TF, we've reached the 200 SMMA trendline. Since 2015, we've been relying on this support trendline... Is this time any different? Well soon...
I've started experimenting with the new anchored vwap indicator. Here is the result when you combine them all together. We can now see where we are and where our edge is.
LINK had a nice run and is now at major resistance. Once the lows are taking I'd be looking at the 0.618 for a buy back.
It's been a very bullish month for VET. We've hit the golden pocket and now facing a heavy resistance.
Here are my thoughts on the current BTC playout. I do believe we gonna visit the Golden Pocket range at 7200-7000 USD and fill the last major gap. I'm also excited to see the PA at this level. On the other hand If the H&S play out I see a great shorting opportunity at Fib. 0.5 / 0.65 Resistance.
We've had a healthy retracement to the golden pocket. 200-180 B is a critical level that must hold. We're also at the long term trendline. Now we have to observe the PA at this level. Looking good overall.