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Alltimehigh

Bitcoin back on the upswing?Over the last few days bitcoin has shown us a number of reasons to indicate that this short term down swing has reversed. The good news is that: Bitcoin has broken out of the triangle to the upside The MACD's histogram has been moving in a positive direction since the 19th of May The RSI left oversold territory and has stayed above 30 - indicating upward momentum The MACD has crossed the signal line - indicating upward momentum However, the $40,000 line is not only a historic resistance level, but it is also a psychology significant number. It would be great news if we were to break that 40k level. And as we have learned about Bitcoin, the news can have a MAJOR affect on the price of bitcoin. There is also the 200 day MA to contend with. There will still be bearish sentiment in the market as long as we are under that level. We are "In a bear market" according to many. So if Bitcoin does not break 40k, and does not break the 200 day moving average, than we could see another retracement back down. This is all in the short term though. Since the beginning of the year and continuing now, there has been huge institutional investment into Bitcoin. I am not sure where bitcoin is headed in the next month or two but, I'd be shocked if it does not hit 100k by the end of the year. Thank you for reading! Please check out my guides on how to read different indicators linked below. Be sure to Like, Comment, and Follow for more!
by zsamochin
6
ADA/USDT - Short Term Prediction - Next All Time HighHi Everyone, Cardano(ADA) had a price correction after its ATH but can observe a stable growth in an ascending channel even during a market crash. ADA has tested its resistance level 1.8 area twice and has created an ascending triangle pattern. Price level 1.4-1.5 level can be the next support area for ADA as per the triangle and Fib retracement if ADA is unable to break the current resistance level. However, in short term, ADA has a possibility of reaching 2.4 or the next ATH. Open for reviews, opinions, and feedback.
Short
by Rawana001
3
LTC back on the upswing to a new ATHIt has been a rocky week for LTC as it has moved down a good 30% from reaching its ATH. This is to be expected though in the crypto markets and nothing to really worry about considering we are still in a bull market. LTC has been trading inside a nice upward moving channel since October of last year all while mostly staying above the 50 day MA. The RSI has been making higher lows and the volume has been, on average, a lot higher since the end of March. Barring some FUD Elon tweets that could cause a temporary price dip, or a major BTC move, I see don't see a lot of reasons that LTC will not continue to rise based on the cart. I would like to see the MACD cross above the signal line on the daily chart. This is really the only bearish sign on this chart. Perhaps even this is going to change soon because, at the time of writing, the histogram seems to have turned towards increasing. This might not be the fasted play ever, but I think it is reasonable to say that LTC will be above its old ATH and at $450 in the next couple of weeks. _______________________________________________________ Thank you for reading, please like, follow, and comment! And don't forget to checkout my indicator guides below. More coming soon! Trade at your own risk.
COINBASE:LTCUSDLong
by zsamochin
2
STRAX/BTC Update: Bullish H&S breakout. Upwards we go Stratis did a bullish breakout from the Head and Shoulders pattern. We even did break the first resistance line and are currently consolidating above it. If we manage to hold above the old resistance line and turn it into support we can expect further upwards movement. Checkout the twittersite of stratisplatform which is very active. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
9
Cake looking to make a new ATH in MayCAKE has followed a pattern of 50-60% gains every 2-3 weeks since its listing. This price increase is not undeserved as Pancake Swap regularly does similar volume to the much higher capped Uniswap. Even though cake has moved from under $10 to $40 it is still an undervalued project with it market cap sitting around $6.5 billion. Since we are only about 6 days into the new consolidation period I'm not sure if CAKE is going to takeoff now, or sometime in the next 10 days. Personally, I plan on getting in now. Chasing a pump is never wise and it seems that CAKE has cooled off a bit before its next move up. We might get this move sooner than the next ten days based on the MACD almost crossing the signal line. I'd prefer a better RSI, but I'm not looking to miss out on a coin I'm confident in (at least in the short term). If $CAKE makes a similar 50-60% move we are looking at a price target of around $60. A good stop seems to be 33-$35 where there is some support.
Long
by zsamochin
2
DOGECOIN about to test its ATHDOGE is near its all-time high, based on the previous percentage increase it could go to ~$2.5 DOGECOIN search analysis in google trends seems legit... I think I will make a future post that explains crypto in down-to-earth words. It has financial-practical value ===> it could be the future of money transfers the same way as Mcdonalds and Burger King were the future of fast food, before fast food... and then dominos pizza and pizza hut. As always diversify.
BINANCE:DOGEUSDLong
by ZoharCho
2
Bitcoin - Inverted head and shoulders formation in trendchannelHello Traders Here is a new scenario for Bitcoin. Patterns are constantly changing so you need to keep updating. We see a trend channel on the 6 hour chart of Bitcoin. The price of BTC is moving with great precision in this slightly rising trend channel. Currently the small inverted head shoulder formation has formed a slightly larger inverted head shoulder formation (see my other BTC analysis). Price target for this inverted H-S pattern is +68000 USD. The target from 68000 USD for BTC seems to coincide with the red trend line and the dotted target line at 68,352 USD somewhere around 16th of May (see the blue arrow). Even with a pullback to 53,500 USD, the inverted H-S formation remains fully intact. If we break out above the old all time high then the large Head shoulder pattern of my previous Bitcoin analysis automatically expires because the right shoulder would be higher than the head (last all time high).
Long
by PegasusTechCharts
4
Bitcoin forming right shoulder of a head and shoulder formationHello Traders, Here we see the 4 hour chart of Bitcoin with an interesting development. First, we see a small inverted head shoulder formation with a target of around 65000. That is the old top. At the same time, it seems that we are no now forming the right shoulder of a much larger head shoulder pattern. The right shoulder of this pattern should not be higher than the head. So it is first possible that we reach almos the old all time high and then drop to the neckline. It is still too early now but we need to monitor the development closely because if Bitcoin drops through this neckline a much lower target is in sight. This is purely a hypothesis. This is how it could go if Bitcoin follows the pattern. On the other hand, if Bitcoin meets the target of the inverted smaller head shoulder formation and we rise above 65000 then the pattern expires and Bitcoin can move further up. towards +100,000 usd. Currently, Bitcoin volume lags on increases so that is always suspicious and something to keep in mind. It will be interesting to see how this possible pattern develops further. So I'm short term bullish but if we don't cross the all time high then I will be bearish. Bitcoin could then form a double top or the right shoulder of the head and shoulder pattern further. Things can then go quick because it means we failed for a 4th time to stay above 60.000 usd. We are still in a good month for Bitcoin historically so that causes the odds for long. Just keep an ey on the general development of Bitcoin and zoom out for a clear view on the trend.
Long
by PegasusTechCharts
14