evmeerkat

evmeerkat

ZIM appears primed for a potential reversal to the upside. In this analysis, I’ll walk through the technical confluence behind this bullish view—while also outlining key levels to watch and a risk management approach. Always remember this commentary is for educational purposes only and not financial advice. I've got 4 reasons why this is primen to go this way ...

evmeerkat Updated 

Based on the provided chart and technical indicators, here's an analysis of Riot Platforms, Inc. (RIOT) and its potential forward outlook: Trend Considerations: Long-Term Downtrend: The price has been in a long-term downtrend since late 2021, evidenced by the consistent lower highs and lower lows. The descending trendline confirms this downward trajectory. ...

evmeerkat

I don’t write history but report on it. My proprietary momentum (98.2% backrest success) indicator has flagged a bearish signal. The net targets are circa 25,5k USD 22k and 19k. Best of luck folks

evmeerkat

Say what you like, but on the daily, pending confirmation we're breaking out on the daily, to the down side. Bearish signals. I expect this to be correcting to the next major target circa 25k in the next couple of weeks, looking at the momentum swing.

evmeerkat

BITSTAMP:BTCUSD is in high greed and overextended on the momentum. My 2 sats is that we will see the FWB:25K by the May-June period if not lower. DXY also looks to be reversing into strength (bad for risk assets) Vix Volatility Index appears to be turning to the upside (more volatility to come) from the 12+ months in a low volatility track record. All of the...

evmeerkat

I have rarely seen this, and want to keep emotions out of this, but... There are a number of momentum, stochastic, RSI, MACD and Bollinger bands which are not align with a BUY signal for Cardano ADA token. Im bullish based on TA. Macro be Macro but I intend to DCA when I see extreme fear and the confluence of Buy signals. "The blood is in the streets"

evmeerkat

There goes a saying, that in investing and trading alike, we're not looking to absolute peaks nor absolute bottoms, but the probabilities and asymmetric risk profiles. This current Price action in crypto, this juicy-juicy volatility showcases the sentiment, the fear, the drama - not necessarily the fundamentals. This is where one would want to step in with a...

evmeerkat Updated 

bottom is in, imho. The RSI on the monthly is oversold. The Puels multiple on the low side, and the Rice action remains within the upward channel. Even if there is a room for a tad more downside, it will not be long before we resume the uptrend. My 2 sats is that feb-March on the macro is when we start to see reversal in force. We have not broken the prior...

evmeerkat Updated 

Cautiously optimistic. Looks like most stochastic, momentum indicators are still trending downwards, while price action is trending sideways (for now) The downsize estimated low is 20k USD - 24k USD. WIll it get there? Maybe. Does it matter in the long term, NO. Remember that we want to be mostly right, otherwise, we risk missing out on the trade entirely. ...

evmeerkat

Momentum, macd and stochastic all indicative on bottoming/oversold for this smart contract blockchain.

evmeerkat

The probable scenario. Current Price action may be the future bottom to revisit. Upward trend is the Fibonacci channel, The additional colours are the previous cycle bitcoin PA from market cycle low via @intocryptoverse‬⁩ to compare against. interesting play on fibs

evmeerkat

IMHO the Bottom of the mid-bull-cycle is in Note that we tend to hit the Fib 16.618 highs for the Bitcoin peak, which appears to be in line with the S2F predictions of 288k (and higher imho) An interesting observation is that while we've hit the circa lows of 30k, we have circa x10 to grow into for the next cycle in this exponentials Log scale.

evmeerkat

If in doubt, zoom out is a correct approach to macro trading, eliminating the short terminism as much as possible that is. Looks like hash trash may be a tad misleading given the fundamental impact with China mining ban, but over the volume sold recently. the next target is the fib 1.6 extension to circa 81k imho, Which is 125% upside from the current...