Since September of 2023, Sol has crept up on ETH dominance, gradually and for the first time in 5 years broken the previous ATH before the current one. Following that it immediately retraced and bounced from the resistance. A classic pattern indicating that the wind is behind it's sails, to use a metaphor. It seems SOL here is ready to take off massively. Next...
SOL breaks out with, momentum and volume. We could see SOL move up to about 220 today.
MORPHO displaying significant strength in it's breakout upwards, could reach 5.00 within the next two weeks.
BTC bounces off of a major resistance, where whenever it had dipped into previously, had resulted in a bounce to 98600.
On the 4hr timeframe BTC shows increasing momentum with price making higher lows, and RSI making higher lows - both an indication of gaining momentum. On the daily timeframe BTC shows hidden bullish divergence as price is making higher lows, while RSI shows lower lows. Both timeframes point towards an indication that we could be at bottom already. Get ready for...
BTC price is bouncing off of strong support at around the 96,600 range, and is likely to bounce back above 100k. It could take a while to consolidate and accumulate a while before heading up further. My prediction is price likely to approach all time highs around the first week of January.
A green candle has closed above the crucial 101,000 price level, as established by Fib levels. This comes after a minor pullback that was rejected from the 97,000 with a bullish engulfing candle. This means that there's enough buying power for the price to be rejected at this range, and continue trend upwards. The Stochastic RSI is also signalling a strong bullish trend.
We see BTC buyers exhaust themselves, as RSI momentum lose traction. The question now is whether, this is a short term pullback before retracing to near 100k or is this a significant correction to 80k territory before lifting off again? My view is short term bearish, longer term to be decided later.
Link is attempting a breakout upwards, with the next resistance lines at 28 and 30.
Possible bullish reversal on XLM. Reversals usually occur from the same distance in length as a the parallel channels top and bottom.
ETH, having broken out of the top a long rising wedge, has enough momentum to propel it through the psychologically important 4000 barrier to 4400 within the week. This could eventually open the way for it to break ATH within the month of December. Exciting times for ETH holders.
ETH falls from the top of a Rising Wedge Pattern. Price falling through the floor of a Rising Wedge Pattern could indicate greater bearish sentiment in the market. Dipping below 3500 would confirm the bearish trend, which could so far as 3300, while bouncing from 3500 would indicate a greater bullish pattern, that could move beyond 4000. At the same time, the...
ETH buyers keep up momentum and next resistance seems to be at 3800.
Based on previous analysis of BTC pullbacks, especially in the 2020-2022 period, we can estimate that the BTC pullback and return to breakthrough 100k will happen in the last week of December 2024. In the past 2020-2022 period, when BTC was trending, the average BTC pullback often lasted 30 days. Based on that we can predict that this pullback would also last a...
As the logarithmic chart indicates, BTC follows a 4 year pattern with typical downward trends every 4 years. Over time there has been a theories presented as to why this happens: One can conjecture, this is due to tightening monetary conditions that present every four years as central banks around the world tighten supply. Some research that goes to show...
On the log scale, there's a clear trend where BTC cycles between tops and bottoms every 4 years.
BTCUSD weekly chart shows bullish reversal, indicating over the next few weeks we might see bull continue to push prices higher. On the daily chart an inverted head and shoulders have formed on the bottom, but BTC continues to struggle against 6800, which it has touched several times. This week, there might be just enough momentum to push through resistance at...
Daily chart shows 3 inside bars one after another indicating consolidation. We could see price break out of the descending triangle to the upside within the next couple of days.