ETH under $3000 does not look good. People will not like this but it is very true. Ask yourself how does ETH help crypto adoption with $1000 transaction fees, that is a government tax. That does not lead to mass adoption, especially with crippling Inflation and world uncertainty, World War. Why wouldn't smart money move to real value assets with Supply Shock...
#ZRX Pump off the Coinbase and OX NFT news. Multiple trade confirmations = Falling Wedge, LL on PA & RSI making HL & Triple Bottom. Head & Shoulders invalidated by a Inverse Head & Shoulders, RSI Hidden Bullish Divergence. Held Support 3 TIMES. Funny how people trade off the news, the news is timed to the multiple trade confirmations :)
BTC breaks the pattern and Major Resistance at $45,500, we can challenge $52,000 and make the right shoulder. If we do not break local Resistance we retrace to $35,000, lose this we will see local lows of $30,000, $28,805. This would complete the ABC pattern. Also worth noting that we are printing a Bear Flag on the Monthly TF, which lines up with the Bearish...
BTC.D is losing Momentum, it is respecting the Weekly Triangle pattern. We could get a short term pump to the TRIANGLE RESISTANCE to make a HH. Followed by the retracement which would allow a massive ALTCOINS season. This has happened in the past and you an see from the charts how this normally plays out. I posted ETH/BTC yesterday and if ETH breaks out this...
Eth needs to make a move it has been in a rare ACCUMALATION CONE for 2 years, start of Pandemic/ Covid 2022. Leading into a 1 YEAR SYMMETRICAL TRIANGLE, this type of pattern rarely completes to the upside. On the other hand if it does we would see a Parabolic move from ETH and in turn all ALTS would follow. The breakout to the upside would line up with the ETH...
This is my theory on the Total 3 Market Cap. A smaller Head and Shoulders pattern has formed on the daily and the weekly TF and it is currently holding above the neckline. A larger Head and Shoulder could be potentially forming as shown on the chart with a W pattern followed by a ABC Corrective Wave. If this theory plays out then ALTS would get NUKED target...
CRV broke to the upside of the Diamond Pattern. Was it a fake out? I will leave that decision to you as I am not a fortune teller :-) There is normally a 69% chance of a retracement. NFA.
BTC.D is in a continuous downtrend and I do not believe that BTC will ever get above 50% again and stay there. To many people are invested in future technologies and the money flow into other cryptos shows this. BTC futures ETF but no spot ETF shows how manipulated BTC is. The tide is turning and I can see BTC.D hitting 30% long term as shown on the chart. NFA.
FTM making HH on 4HR & DTF. 1st target met, lets see if the BULLS can keep the momentum going to FIB 1.0 @ $3.49 as seen on the chart. Currently consolidating under FIB 0.786 as RESISTANCE. NFA.
FTM is a very good Layer 1 Blockchain and I believe it is very undervalued with high TPS and low transaction fees. Highly scalable with a great ecosystem and staking rewards. This one has huge growth potential in 2022. Very good spot buy area on the chart. Not Financial Advice.
One of my best trade setups. The Diamond Top pattern played out perfectly and hit my target of $2.90. Mina is currently trying to break through FIB 0.382 as Resistance at $3.61 on the Daily. 4 hour it has broke and trying to claim as support. Very happy with how the chart is holding up. Not Financial Advice.
GOLD has a monster CUP and HANDLE playing out on the Weekly TF spanning over 10 years now. The Housing Market seems to have reached a BUBBLE/HIGH. What are your thoughts on the markets for the future, please like and comment. NFA.
AVAX Breaks $128 then we can aim for a ATH and I can see $192 @ 1.618 This will complete the 5th Elliot Wave. Being one of the best Layer 1 projects my long term target is $650. AVAX is also leading the new DEFO 2.0 and huge super trend DAO. NFA.
SP500 looks like it could form a double bottom or come down to the Rising Wedge target. With all the VIRUS FUD it is no wonder most markets in the world are pulling back but I still expect a major market crash in 1-2 years. NFA.
Which means CHAINLINK can go into a bull market when BTC is in a mini bear market. LINK has fallen to the downside from the massive Falling Wedge, into Descending Wedge, back into a Falling Wedge. Beneath Gaussian Channel also shows BEAR MARKET which also shows a double bottom will form in 2022. NFA.
NASDAQ showing a Diamond Top and with stocks such as APPLE going from $140-180 in record time maybe this DT pattern is valid. Only time will tell, targets are shown on the charts. Not Financial Advice.
DXY just broke to the upside out of a bull flag and did a S/R flip. This is correlated to the FED news last week and last week. BTC broke to the downside when the FED news came out. I have my buy zones no matter the outcome because as an investor I am focusing on projects to disrupt the world. As a investor I am focusing on the long term 2024-2030. But it is...
LUNA has just started to break to the downside from a DIAMOND TOP pattern. Target buy zone for me is $35-40, this also lines up with my long term trendline in a rising channel. This chart shows how nice it is to catch a DIAMOND TOP. You can see the VOLUME CANDLE and the pump and dump manipulation to create the pattern as shown by the arrows. Not Financial Advice!