ben_walther

ben_walther

I know I know: Bitcoin jumped almost 5%. The bulls kicked the bears out of the town. We are so back! 100k is next! If you have read something like this, please unfollow the person immediately. But let's start with the positive aspects: Yes, the bulls are still here, and it was good to see that the fake bear flag didn't play out (surprise, surprise). However,...

ben_walther

Although the U.S. stock market did relatively okay yesterday, Bitcoin continued its bearish move. On the daily chart, BTC made another lower low and dipped below 56k for the first time since the beginning of August. Today, the market is slightly recovering. However, so far, this doesn't look healthy. Accordingly, I would be cautious with long trades (actually, it...

ben_walther

Every trader dreams about that magic trick that delivers better trading results—this one little thing that miraculously turns their strategy into a bullet-proof winner, striking a 100% success rate. Unfortunately, this article doesn't provide that magic trick. If you are looking for it, you must continue searching (but remember to hit me up if you find...

ben_walther

Bitcoin — Short-Term Analysis Once again, I have to start the short-term analysis with "unfortunately." Unfortunately, Bitcoin did not show enough strength yesterday to create a higher high and break out of its descending channel. Descending channels typically suggest a continuation of the downward trend. In fact, it didn't even reach the upper resistance....

ben_walther

The Total 3 is one of the most important charts to watch right now. Since March, the altcoin market cap (excluding ETH) has been in a steady downtrend. Compared to March's peak, the market cap lost 240B USD. So far, every attempt to break out of the downtrend has been heavily rejected. Even worse, the market cap sits at the crucial support level. A break below...

ben_walther

Bitcoin — Short-Term Analysis Unfortunately, yesterday's discussed falling wedge pattern didn't play out. Once the U.S. markets opened, bearishness returned and took the (crypto) market for another ride downhill. The question is whether we will go lower or if this was just a quick correction. When looking at the chart, we can find pieces of evidence for both...

ben_walther

MYRO has entered an ascending triangle pattern after its latest (massive) drop. So, just as a refresher, between the end of July and the beginning of August, MYRO lost almost 60%. Typically, an ascending triangle pattern is considered a bullish pattern. That means we should see a break to the upside at some point, followed by a sharp price increase. If this...

ben_walther

Although Ethereum showed some strength during the latest market pump, the token didn't clear essential levels. On the contrary, ETH was rejected at the significant 2.8k resistance and the 4H EMA200. Currently, ETH is struggling to stay above its sideways channel trendline. A close below this trendline on the daily chart would put us back where we came from....

ben_walther

WIF was one of the biggest gainers last week, adding almost 40%. Based on the chart, it is likely we'll see a continuation of the uptrend. Here's why: • WIF faced resistance at the psychological $2 mark. Actually, it's not surprising after the intense climb. • Afterward, WIF entered a descending channel you could interpret as a bull flag. • Typically, a...

ben_walther

It's a fresh week, so let's check Bitcoin's status and discuss some scenarios. Let's start with the positive aspect: • Bitcoin held the 64k level pretty well during the weekend • Even bearish news (Israel, Telegram) did not have a bigger impact on Bitcoin's price Currently, the price trades in a tight range between 64.5k and 63.5k. So far, bulls and bears have...

ben_walther

LINK is setting up an extremely compelling chart pattern on the higher timeframes. Definitely one worth watching. • Daily Chart: LINK is riding the bullish market momentum and approaching the crucial $13 level. This is a key resistance point. If LINK manages to break through it, we could see a swift move to $16.25, the next logical target. • Weekly Chart: But...

ben_walther

TON dropped ~20% after the news that Telegram founder Pavel Durov was arrested in Paris. The arrest followed investigations that focused on a lack of moderators on Telegram. According to French media, Durov faces a possible indictment on Sunday. Overall, the case is quite complex since Durov also holds Russian citizenship. Let's take a look at the chart! Once...

ben_walther

I will try to share a couple of more tokens that haven't had a significant pump yet. Although there's no certainty that all of them will fly, some show excellent potential. ATOM is one of them. It just broke out of its latest downtrend channel, which started in June. Additionally, the bulls tried to drive the price above the latest high at ~5.44—so far,...

ben_walther

JASMY printed a pattern similar to many other tokens: • It dipped below its support at 0.02 but reclaimed it quickly • Afterward, the price started to surge and is up ~20% concerning the support However, compared to the top gainers, JASMY hasn't printed one of those massive candles yet. This might change soon. Currently, JASMY trades slightly below 0.024, with...

ben_walther

Many tokens have broken out of their long-term downtrends in the last few days and pumped hard. If you missed the train, you should put ENA on your watchlist. ENA has been on a downtrend for months but has set up a chart that screams for a breakout: • It shortly dipped below the crucial level at 0.3 and formed a perfect bottom. • After reclaiming the 0.3 level,...

ben_walther

SUN is one of the tokens which profited massively from the Tron hype. It pumped ~350% in the last seven days. In case you don't know: SUN is the native token of the SUN ecosystem — the biggest platform for swap, yield farming, and self-governance on the TRON chain. Additionally, they introduced Sun Pump — the first meme fair launch platform on Tron. Sun Pump...

ben_walther

LINK has successfully broken out of its sideways consolidation to the top. It has been one of the strongest performers lately. As I predicted in my last LINK analysis, I expect the price to continue its upward trend toward the 13-dollar level. Historically, the area between $8.20 and 13 has always served as a highway (up and down) but never as a level where LINK...

ben_walther

A week ago, I posted the article below that discusses RUNE's potential breakout. Today, the token makes its first attempt. RUNE is already up 7%, pumping above the long-term trend line. If it a) can confirm the breakout and b) the markets continue bullish, we could easily see RUNE pumping 150%! Remember, this pattern has formed for almost half a year....