ZenTradesRW

ZenTradesRW

SOL had a huge run and looks very similar to ETH 2019. Think we're topping out around here and about to start a multi-month correction as the Bitcoin ETF deadline approaches (Jan 10).

ZenTradesRW

Bitcoin building out an ascending triangle base into the New Year. Given the BTC ETFs deadline is Jan 10, think we're in for a "blow off the top" move into early January. Plenty of room on RSI for a big move that induces FOMO Likely a multi-month correction & consolidation to follow

ZenTradesRW Updated 

Injective has been building out a 6 month symmetrical triangle base (long-term cup w/ handle). Volume has declined significantly with price tightening up just above the weekly 20 EMA + 30 SMA. As we're heading into a seasonally strong period (Oct-Nov is historically the best performing period for crypto) and the pattern appears to be nearing an end, this could...

ZenTradesRW Updated 

Bitcoin broke out of a 7 month base on huge volume. With everyone calling $40K the local top, I think it pulls back there, bases and squeezes towards $50K. From there, many will be calling for new ATHs, but it'll likely rinse late longs and correct towards lower $30Ks over proceeding months. New ATHs Q3 2024

ZenTradesRW Updated 

Monster move post-breakout. Think we're very close to the top for this leg. Felt pretty heavy today. High volume but price barely moved, which could mean sellers coming back in. The Bitcoin pair poked through ATH and may need a rest as well. RSI on both pairs are very heated. Looking to re-enter in the white box if it gets down there

ZenTradesRW Updated 

INJ tightening up after a big move and within striking distance of ATHs. If it breaks above, no idea how high this goes, but could see $50+ by mid-December. Seems to be following Link 2019 chart pretty closely

ZenTradesRW Updated 

SOL had a nice run off an inverted H&S breakout and it looks like the high sell volume the past couple days is signaling a possible local top. If so, expecting an ABC correction down towards low $30's over the next 2-3 weeks

ZenTradesRW

If Bitcoin breaks down from this flag, then we'll simply be retesting the $32K level. This would be a much needed reset for many of the altcoin charts that have become very extended and would provide a great buying opportunity as well. Constructive price action IMO

ZenTradesRW Updated 

Tesla forming a 3 month base, tightening up around the 50 sma just under a significant resistance zone. One of the best setups in stocks atm. Earnings this coming Wednesday could trigger a breakout

ZenTradesRW

Bitcoin attempting to breakout this week above significant resistance. If it can get above the gray box, think it can squeeze towards $50K. Most of the BTC ETFs have their next SEC deadline early September, which will serve as fuel for this rally.

ZenTradesRW

Bitcoin developing a near-term falling wedge which appears to be coming to an end. Longer-term pattern is a cup w/ handle. Potentially on the verge of the final upside move of the year, which could take us to one of those two gray boxes. If so, I'm guessing we top out in the first half of September 2023

ZenTradesRW

Cup w/ handle on the weekly chart. Volume continues to decline in the handle. Last week was the lowest volume week of 2023. Handle has held the top of the cup

ZenTradesRW Updated 

Injective is currently working through a Wyckoff accumulation base. Essentially a triple bottom with each low undercutting the previous low. Volume has been declining throughout this base and clearly falling off in this final bottom phase as the market "tests" for more supply. Expecting a big move to the upside over the coming weeks. INJ has been the market...

ZenTradesRW

INJ breaking out of the 10 week flag with plenty of room on RSI. Expecting a pit stop around $15 and then head towards $50 by August before a larger and longer correction. INJ has well outperformed the market YTD off the bottom and has consolidated nicely, while many other alts rolled over. I think INJ is the current cycle market leader and is following a similar...

ZenTradesRW Updated 

Bitcoin retesting the neckline on declining volume as sentiment sours and everyone leaves to chase the stock market. Shorts loading up on the SEC news. Think they're about to get squeezed over the next 8-10 weeks. Doesn't need a ton of demand to push higher from here. The entire crypto market cap is smaller than Microsoft and many are offsides.

ZenTradesRW

ETH setting up a large cup with handle or near-term pennant. Sentiment has soured, positioning is light, bad news is out, yet price hasn't moved. Just basing above support and ready to launch. Expecting this move to be explosive if it can breakout.

ZenTradesRW

INJ has been in a strong uptrend off the lows since Jan 2023 and appears to be setting up for another leg higher. Even after the SEC / Binance news today, INJ held pennant support and is tightening up. Expecting a move in the next week or so. Injective fits the DEX + AI narrative. As the SEC continues to push exchanges offshore, this may provide a strong tailwind...

ZenTradesRW

BTC has been building a flag the past couple months above key support. Tightening up and looks ready to breakout this coming week. Sentiment is poor, positioning is light...think we ultimately hit that top resistance level near $50K by August and then get a 3-6 month correction.