I really like using Heikin-Ashi candles, the MACD, and Stochastic RSI to try to find potential tops or bottoms. This can be done on any time frame, but remember: the lower the time frame, the smaller the impact, and vice versa. I used this approach to almost call the bottom in October 2022 and early 2023 (You'll find a Post on that on my X Account) Theory: The...
I'm currently bearish on Bitcoin. After failing to hold the 21-week #EMA, we saw a significant drop, followed by an unsuccessful attempt to reclaim that level within the same week, a concerning sign overall. The most likely scenario, in my view, is a tap into the $61,430 level before heading lower, targeting somewhere between $49,200 and $47,200. On the...
I've conducted extensive research on various impactful events such as interest rate cuts, hikes, U.S. elections, major recessions, pandemics, and more, compiling the data into a comprehensive chart. While additional information like major conflicts and wars could be included, the chart already provides a clear representation of how these events have influenced...
As seen above in the Chart - I made a brief Comparison between BTC & DXY.
I know, a lot of Traders do not rely on the BTC Dominance as an Indicator anymore, since it's not considered as useful indicator for the current strength in the Market. I still take it into consideration for my trading. Two patterns to be seen for BTC-Dom. At this Moment. The first one would be the Descending-Triangle and the second one would be a Double-Top...
A little take on ATOM. Weekly got Charted here. It seems that ATOM could be moving within an Ascending Triangle. An Ascending Triangle is a "Bullish" continuation pattern, so this means if Price comes in, in an Uptrend there's a higher probability that it will break higher and vice versa. I did use the Heikin Ashi candle in this chart, since it gives you a...
OSMOSIS So, right now, OSMO is trading at 9$, everything between 8.40$ and 9$ can be considered as Support, see B1. This zone is also a good spot for DCA OSMO. If B1 does not hold as support at all, we should entertain the Idea that the Price is coming down to 7$ / 7.80$. See B2 which is also an excellent Zone to DCA OSMO. Note, the Markets are still very...
Honestly, there are countless possibilities and patterns for Bitcoin right now. I am focusing on a Potential Double Bottom (W) Pattern since I am following that Idea since mid-December 21, for now, there's more evidence that this actually can be a Double Bottom Pattern. Just FYI, Weekly was charted here. As said above, there's a Chance that Bitcoin is evolving...
It seems that Bitcoin is forming an Ascending Triangle on the Daily TF. Following are some Key Takeaways to consider. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing...
There are a few Signs that ATOM is set for a new Rally in the coming Weeks. Is a new ATH in sight? Maybe! ATOM did a perfect and successful bounce on the Fib. Golden Pocket @ 0.65 / 20.90$. The Golden Pocket often turned out to be a significant Level of Support or Resistance. As seen here, it held support two times, with a strong bounce back on the second test....
Recently, a Friend of mine asked me if there could be a Cup & Handle on the daily Timeframe for Bitcoin. My answer was, Maybe. Let's do some digging. Common Identification Price: Should be rising into the start of the Cup Shape: Needs to be U-Shaped / not V-Shaped Handle: Handle on the right side Cup Duration: From 7 to 65 Weeks Handle Duration: 1...
The past few Weeks were pretty hard and boring for Bitcoin. It's far from funny to watch the Charts at this current moment. I KNOW! Still, I think there are some things to consider and look out for. Foremost, Bitcoin still is heavy correlated to the traditional Markets, like it was observable yesterday (DJI, SPX, NDX). The Markets are driven by Fear, you can't...
I see many people speaking about "The Death Cross" that's just appearing on the Bitcoin chart. The Cross brings some fear with it, and I can't just understand why, since it's not really a concerning one. But let me explain. A Death Cross is only strong and meaningful as long as Both SMA (50 & 200) are pointing to the downside - both SMA need to be declining. Many...
After the hard Fall which just occurred for Bitcoin , it managed to rally up again, leaving us with a potential "Bullish Hammer Candle". The Hammer Candle is not yet confirmed, so taking a Trade right now is not recommended. The Hammer Candle gets confirmed if the following Candle closes above the closing price of the Hammer Candle itself, ideally, with sings of...
Bitcoin is maybe forming a Hidden Bullish Divergence on the 4 Hourly Chart. For the Divergence to "confirm" the Price needs to stabilize on the Levels it is by now. A further breakdown could also lead to an Exaggerated Divergence. For this to happen, the Price of Bitcoin would need to dip to 48'025$ but not below and the RSI should still move downwards. A break...
Is Bitcoin forming a BullFlag on the 4hrly? Maybe! If so this could bring the Price up, if a Breakout would happen Today, to approx. 51'7k - 52'1k Analysis: - Rising Volume within the "Pole" - Declining Volume within the "Flag" - MACD showing a Sing of a Reversal and could cross bullish in the next few hrs. This certainly does not need to happen, but the...
Just an Idea. Do not trade based on my Analysis. You've been warned. For BYND there are two Possibilities, either it will break down or up. There are two patterns, a Head & Shoulders which is Bearish and also a Falling Wedge which is Bullish. Both pattern are not confirmed yet and also not invalidated, trade the Breakout, wait for Conformation. Head &...