This is NO TIME to be FEARFUL. Crypto overall has had a significant SHAKE OUT due to the SBF debacle. HEX could still fall to a .01 and yes even .05 a cent before lift off. January is usually a volatile month for BTC...furthermore, most ALT's are down 80% or more. This is only a guide...as falling wedges are a BULLISH indicator short term. Also, RSI has...
This is NO TIME to be FEARFUL. Crypto overall has had a significant SHAKE OUT due to the SBF debacle. HEX could still fall to a .01 and yes even .05 a cent before lift off. January is usually a volatile month for BTC...furthermore, most ALT's are down 80% or more. This is only a guide...as falling wedges are a BULLISH indicator short term. Also, RSI has hit...
Bull flag on the 4hr. Keep an eye on this baby...could be looking at a retest of resistance around 7.9 cents! Have a happy Hexiday!
Pay close attention to DXY for next couple of weeks. We broke below the parabola and now we are seeing a retest just below the structure. As long as we see rejection here...we know the top for the dollar is in and BULL market for crypto can commence within the next 4 to 8 weeks.
Follow you nose...it always knows...or in this case follow the parabolic DXY (RSI) action...as soon as we hit 83 on the 4hr...that will be a good opportunity to LONG bitcoin. If this scenario plays out...BTC should form a double bottom at around 17500. Should see a nice short term RALLY... Good luck!
Otherwise known as head and shoulders...measured move would be disastrous...so I would be looking so DCA in this area...so set a tight stop loss. Remember...if BTC tanks...it's taking all the markets down with it simply because everyone will be moving their liquidity into the DOLLA baby...waiting for that 10k BTC...😂🤣😂
Don't fall asleep...as you clearly see...no one has charted since May 2022...clearly this is the time to BUY. Mark my words...once we cross over 45 on the daily RSI and hold it...we are off to the races. This in NO TIME to be asleep at the wheel. As RH stated earlier in video stream...this is a GOOD time to BUY HeX. Everyone is waiting for some kind of (news)...
BTC dominance not quite ready to break resistance. One more fail and then a retest...that one for sure will break...then STFD on ALTcoins...would be a good time to exit those. Happy Trading
Futures will be opening soon. I feel a short squeeze coming on early next week. Look for a breakout to approx 34200 after a short sip of coffee at 32k resistance level . Good luck!
I am not persuaded in the least to FOMO into ZIL at the moment. Should we break back above this falling wedge and back test 10.5 cents and hold...then yes...I will start to scale in. A break below this falling wedge will indicate short term bearish price action with a resistance around 9.5 cents. Good luck. May the Metaverse be with you.
We are WAY OVERSOLD on the hourly, 4 hour, 12 hour, and daily...LOL...this seems to another one of those BUY the RUMOR...SELL the news scenarios... If ZIL can HOLD and successfully retest 7.5 cents...then I'm a believer....other than that that...Metaverse is nothing but pure hype!
Potential BULLISH W pattern developing...buy now with tight stop...or wait for retest of pattern neckline. Measured move would be back to ATH! Good luck!
Everyone is clambering BTC is going to 26k...that is possible...but it's to early...look for another BTC and ALT rally before any further test of BTC bottom. Good luck!
Beautiful double bottom developing into a robust W pattern. REN looking to pop soon...give this time...it's all eyes on big daddy BTC which is still holding support and looking to bounce with a target to the upside of 52k. This will bring ALT's with it. Good luck
So clear to see what is taking place on the daily...look for a bounce around 33k...we should get 3 to 4 steps back up for a bounce...if not...we gonna stay BEARISH for awhile... Traditional markets suck...so I would think there is a HIGH probability for a significant rebound soon...reminder...this a DAILY chart...patience is key.
5 steps down and 4 steps back up...Look for a bounce around mid February. 60k target. Anything below 29500 invalidates chart. Good luck!
Watch the DXY...it's retesting .97 cents for a 3rd time. It will most likely get rejected. I'm expecting a short squeeze or SHORT LIQUIDITY hunt in the coming days. Watch DXY for timing! Good Luck!
Binance BTC/USDT scam wicked down to 10k 4 months ago...no one seemed to notice...if this plays out...then yes we are going to retest 11500 as support in the following months ahead. Stock market looks bleak...and most analysts are predicting 5-6 more months of downside. BTC no doubt will follow.