ben_walther

ben_walther

Bitcoin has been trying to move into the upper half of its trend channel for almost a week—so far, unsuccessfully. On the contrary, Bitcoin broke out of a bearish wedge to the bottom and faced the risk of further downside pressure—however, this did not happen either. Currently, the middle band acts like a strong magnet, pulling the price but not letting it pass....

ben_walther

1INCH has been one of the most disappointing coins for the last few years. The token reached an incredible high of almost 8 USD back in 2021 before crashing completely. Currently, 1INCH trades at 26 cents ‼️ Moreover, the token printed one bearish pattern after the other. Just recently, it broke below the neckline of a head and shoulders pattern. As a result, the...

ben_walther

I know that Tellor left many investors unhappy. After its massive pump of more than 200% at the beginning of May, TRB entered a continuous downtrend channel. Four months later, Tellor has basically retraced the entire pump and is almost back to its crucial support level at $45. The level at 45 USD is extremely crucial since it marks the bear market outbreak. TRB...

ben_walther

DOGE is currently trapped between its support at 0.095 and the long term downtrend line at approx 0.105. Despite some attempts, Doge couldn’t manage to break out and confirm it on a higher timeframe. Once this happens, Doge should rally quickly to the level of 0.13. Therefore, monitoring the downtrend line is essential to time a perfect entry.

ben_walther

Yesterday was quite a volatile day for Bitcoin and the entire crypto market. Bitcoin pumped and dumped ~5% in just a few hours. However, despite the volatility, Bitcoin couldn't manage to gain substantial upward momentum. Tomorrow, the latest U.S. Consumer Price Index (CPI) will be released. The numbers have a high impact on potential rate cuts. Therefore, I...

ben_walther

Testing The Dynamic Reversal Band Trading Strategy — Can I Win My Bitcoin Short? Recently, I developed a new trading strategy. The strategy combines Bollinger Bands with the Stochastic Oscillator to identify potential reversal points in the market. So, basically, it aims to capture trades when the price hits extreme levels, signaling overbought or oversold...

ben_walther

Similar to many other coins, Floki had been hit hard by the latest sell-off, recovered nicely, but lost steam in the end. As a result, Floki found itself in an indecisive position. Accordingly, opening a trade position is way too risky at this time. Let me explain: 1️⃣ Bearish Trend: Floki trades below the EMA200, 100, and 25 — in other words, Floki trades in a...

ben_walther

Brett has been trading in a bull flag for more than two months. During that time, the token made several unsuccessful attempts to breakout of the flag. Conversely, the latest sell-off temporarily pushed the price below the lower trend line. However, Brett moved back into the channel quickly. ➡️ Where are we now? Although Brett trades back in the bull flag, it...

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ben_walther

In this video, I deep dive into the Tron (TRX) chart. Starting on the 1D chart, we discover the incredible long-term uptrend Tron has been delivering. I discuss crucial levels and why Tron is an interesting investing opportunity. Afterwards, we move one level lower and discuss short-term trade options on the 4H chart. Would love to get your feedback and...

ben_walther

As discussed this morning, Bitcoin broke out of the bearish wedge and has already dropped by more than 3%. Bitcoin confirmed the breakout on the 4H chart. As a result, a move towards 57k seems likely. If 57k doesn't hold, the bottom trend line of the channel at 54k will serve as strong resistance. However, we are not there yet. So far, the daily volume has been...

ben_walther

Floki's attempts to reconquer the previous support level at 0.000135 haven't been unsuccessful. When looking at lower timeframes, such as the 4H chart, Floki ranges sideways in a consolidation mode. However, as discussed in previous posts, reclaiming the 0.000135 level, followed by confirmation on a higher timeframe, such as the daily chart, is crucial before...

ben_walther

ONG flashed a bullish MACD crossover signal on the daily chart. The signal is usually considered to be reliable on higher timeframes. Moreover, the signal flashed at almost exactly the same price level it did a month ago. At that time, ONG rallied almost 30% before reversing. However, currently, ONG trades below its crucial resistance of 0.30. Although the token...

ben_walther

Bitcoin has been trading in a wedge since its recovery from the latest sell-off. The chart formation is considered to be a bearish continuation pattern. Moreover, a breakout attempt to the top was rejected on Thursday. Currently, Bitcoin trades sideways on the 4-hour chart and is about to reach the bottom of the pennant shortly. A break of the bottom trend line...

ben_walther

Among altcoins, Tron is definitely a rarity at the moment. While many other tokens are down 70%, 80%, or even 90% and trade close to their bear market low, Tron has constantly moved upwards since late 2022! In fact, the token has been trading in a wonderful upward channel for more than two years! Even the latest market drop last Monday didn't force Tron to leave...

ben_walther

Similar to many altcoins, Fantom trades in a STRONG long-term downtrend. Based on its peak in March, FTM is down more than 70%. The massive dump on Monday pushed Fantom to the level of 26 cents — only 9 cents above its bear market low. Even worse, Fantom is currently struggling to pump above the level of 0.34, which marks the bottom of a consolidation channel....

ben_walther

This week was again an example of how fast the sentiment can switch. While the world seemed to stop turning on Monday and everyone was looking for a job at McDonald's, we switched back to WAGMI and Where's my Lambo just a few days later. Taking a more analytical approach to it, I think we've seen a huge bear trap and potentially the start of a bigger rally....

ben_walther

CRO is currently attempting to break out of its downtrend, which was initiated in March 2024. After the token pumped to almost 20 cents, it started to reverse and has been declining ever since. Back in June, CRO also lost the crucial support level at $0.095. In the following weeks, CRO made several attempts to reclaim that level—all unsuccessful. Moreover,...

ben_walther

Banana has been hit hard lately and lost almost 70% from the latest high to low. On its way down, it crushed through every support level before bottoming slightly below $30. From there, Banana already recovered more than 30%. However, if you haven't jumped in at the bottom, it is probably better to wait for a safe entry. Although historical data is limited, it...