opripom

opripom

Most of us are probably aware of the correlation that exists between BTC and the Stock Market - more details HERE . This correlation however is very much impacted by BTCs volatility - which means BTC rises faster and falls sharper than stocks, even if the direction of the move is similar. One interesting chart too look at is the BTC/NAS100 ratio, which follows...

opripom

A month ago SPX topped close by the previous ATH at a resistance area with an engulfing candle, a clear reversal signal, just a couple of weeks after DXY (dollar index) started to raise again. Yesterday we had the exact same pattern occur, an engulfing candle to the downside, at a previous resistance level. Today Jerome Powell presented a hawkish stance of the...

opripom

Almost a year ago I called the b eginning of winter time for altcoins - While we needed the FTX crash to start the process, Bitcoin dominance has reached the first target of 48% few months ago and even pushed higher for a while just to retrace back to same level recently. In all this time the dominance continued to put in higher highs and higher lows. I...

opripom

I've been watching HNT for a while during this bear market just to get an opportunity to get a position in it. This came at the end of August when bad news spread about it moving to Solana network some of its own network transactions. I'll not get into the details here as you can find this bit in the news with a search. What I need to mention from the beginning is...

opripom

Elliot waves are generally suited for use on high-volume trading assets where a very large number of transactions tends to move price similarly to how natural phenomena would react. Altcoins are NOT such assets - compared with stocks, gold or commodities. However, when hype takes over, I think Elliot waves can provide some indication as to what the sentiment...

opripom

SOL has received bullish winds in its sails after finding the local bottom few days ago - it gained 6% in the last 24h only, totalling a 16% increase in 3 days. On the 8h chart, it looks like it's repeating the rising wedge pattern that broke bearish after the CPI results were released last Tuesday. This kind of pattern is more likely to break bearish than...

opripom

🎯 Today we'll have a look at the cumulated dominance of Tether USD, Circle USD and DAI in comparison with Bitcoin's price. Since 2019 Stables dominance has been ranging inside this channel on the logarithmic chart. The channel is moving upwards as more funds enter and remain in the cryptoverse. As such, the dominance of Stables is highly dependent on interest in...

opripom

🎯 LUNA has been selling off in the last days after the big pump it had a couple of weeks ago. Most of the profits were taken from the table in the initial pump: Recently it formed a descending triangle - a bearish continuation pattern. Low volume suggests that there is no interest for buyers in this area. This is why I expect it to fall further down. The next...

opripom

🎯ATOM has been one of the most bullish coins this summer, rising 210% from its bottom in June. Consequently, its Bitcoin valuation has risen ~250%. Recently it double topped around .382 Fib measured from last weekly swing high in April - this suggests we still have bearishness on the long term. It also tapped into the .782 Fib measured from previous daily swing...

opripom

Starting with last cycle and the emergence of altcoins in the cryptoverse, BTC has been in a tango with them - either dominating the market or allowing alts to shine. This dance can be seen in the BTC dominance chart CRYPTOCAP:BTC.D When comparing the last and current cycles, we notice some key differences: 1. The market has matured. We've had no blow-off top...