There are multiple indicators that are suggesting that 40k region could be a local bottom. Heatmap also showing strong buy wall at these levels. Looking at this macro triangle, it shows that breaking ATH was a fake out and not sustainable after failed retest of prior resistance. I would expect a bounce to resistance line again from current levels. This can get...
This logarithmic level was an important level of support for Bitcoin in the April dump. Can $BTC rebound here? Extremely low RSI levels, Weekly level currently at 41.65. Before March 2020 (black swan event), these levels were seen in November 2019. Could be interpreted as bear market signal. However, I think reset levels gives room for BTC to climb much higher in...
Contentos is really a brilliant project. You can learn more about their technology here (www.contentos.io) Buy on retest of this macro line. Has been pushing the price up for many weeks. In fact, last 8 weeks we almost visit the line every time. When and if bull cycle recovers aim to take profits at 1.618 and 2.618 region.
Pullbacks are simple patterns–perhaps the most fundamental pattern in trending markets. A market makes a trend move, pauses or pulls back, and then makes another thrust in the same direction. One of the strongest directional tendencies in the market happens on that leg out of the pullback; it is appropriate to think that the market is practically drawn to the...
I don't think bottom is in yet, I want to see a bullish divergence setup in the RSI. This means forming a lower low on the price however RSI going up. Come end of November price should be at 60k
Hello Traders, I have made many charts before in regards to the current cycle. I have always tried to look at the perspective of the market away from bias opinion. I have explored many different data points and perspective from technical and a fundamental level. But most importantly, I am of the opinion of lengthening cycles and diminishing returns. Here are...
Hello traders, so I was looking at the history of previous market cycles and focusing on the events that were happening towards around each market top. It was common to see that after a final parabolic run from BTC a pull back occurs. In this event Alts also bleed, however I also noticed that XRP had preformed well in 2013 at this stage and the same with ETH in...
Currently sitting at a really low market cap this coin has 100x potential. The roadmap and strategy is well defined and if the product can be developed to such standard then we have the opportunity to enter an amazing project in its infant stage. I am invested in this project for the long term. Use the projects site to learn more about Pluton Chain: plutonchain.com
The fundamentals behind this project one i like. I think its unique and already has some established partners. Attracting such brands is great way to bring more attention to the crypto space. I have my eyes on this formation and think that another rally towards ATH will happen soon.
Hello traders, Your favourite stable coin might just be on the brink of a breakout. The volume profile indicates the price in control and it will be important to flip this level of resistance into support. I have taken this fractal from the last leg up. The pullback from the ATH is very similar to what happened when breaking the prior ATH (bull flag formation)....
We are approaching some narrowing point in this triangle pattern and a breakout or break down will be imminent. Strong bullish momentum from BTC will help move the price out of this pattern and subsequently reach the monthly target.
This pattern is possibly in play. Right shoulder needs to hold the same line as the left shoulder to be valid.
Hello traders, the crypto market has taken a small dump today. However, this is great as this resets many extended indicators. If we are in the last stage of a bull cycle, the one may speculate and anticipate a mania phase with max FOMO from retail investors. We have already seen a parabolic move by SHIB. Can doge make a similar move to the upside? In my opinion,...
Maybe this a short opportunity. I am still long with strict stop loss on trades.
Hello Traders, as you can see this Gann fan has worked really well with previous price action. I expect these line will continue to act as a level of support and resistance forward. If we have another DeFi season, then i can the fundamentals of this projects propelling into the billion market cap. This one is a real gem.
Ultimately I think that the Sterling will continue to out preform the dollar over the long term, now that it has broken out of this long term descending pattern. It will range between these line of support and resistance.
As bitcoin rallies closer to its ATH understandably its dominance will increase at first. However, the momentum will slowly start shifting towards alt coins as profits are moved over. AKRO seems to be holding its value against the dollar however, is kept moving into this long term resistance performing against BTC. I expect when this long term pattern is finally...
The saying goes bull markets will make you money but bear markets will make you rich. So congratulations to anyone who had accumulated ADA or any top tier crypto currency in the lows of the bear market. The bitcoin logarithmic growth bands has been an important indicator to follow in all of our previous and current cycle. I couldn't find one set to the values for...