


xbenjaminsx
Looks like we could have a while to go until we have any major break out... Wouldn’t expect anything crazy while ETH is on the run. I’ll watch from the sideline until we see some sort of break of the downtrend.
We failed to touch the top of our rising wedge around 74.2% On the weekly looking like we will come down to retest our break out around 66%. From there I’m thinking it may head up once more to finish the top touch of the rising wedge around 74%. After that, the real alt season may start.
I like to draw ideas on a bare chart. I don't care to use many indicators but prefer to hunt familiar patterns using trends and S&R. I also like a bunch of random different color lines... different colors are mostly drawn on different time frames. Prices are approximate. On the higher timeframe (M/W) we broke out of a 2 year flag and currently just retested...
Zilliqa has seemed ready for some upwards movement for the last day or two. We retested the break out of our falling wedge on the 6th, again on the 7th, and here we are on the 8th. BTC's steady creation of new highs and social media attention seem to have kept it in the spotlight for the last days. A short term (BTC) overbought correction may soon be imminent....
Recently looking into Mithril. Not too exciting, however... smaller cap and a familiar pattern. Broke out around Dec. 21st and it's currently retesting support. Compared to ZIL (Orange Line) this chart looks like it's mimicking it's older brother... Keep your eye on it.