Bittensor
TAOUSDT Strong buy signal above the 1D MA50Bittensor (TAOUSDT) has been trading within a Channel Up pattern since November 20 2023. Both of its Higher Lows have been formed on the 1D MA100 (green trend-line) with the latest being on March 30.
Today the price broke above the 1D MA50 (blue trend-line) for the first time in 2 weeks (since March 26). If the candle closes above it, we expect that to be the start of the new Bullish Leg to a Higher High, similar to the January 24 break-out. Our target is 1800 (+295.98% from the Low, similar to the previous Bullish Leg).
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🚀✨ Quarterly Crypto Chronicles: Top-3 Altcoin Triumphs! 🦄📆🔄 As the seasons change, so do my Top-3 crypto spot holdings. It's a tri-month (qyuarterly) tradition, a strategic dance with the markets that I've fine-tuned over cycles of highs and lows. 🔄📈
🔙 Last November, this ritual bore exceptional fruit, yielding what I proudly regard as the pinnacle of the past 24 months. Here's a flashback to those stellar performers:
🚀 Stacks (STX): Soared to a 306% return, a testament to our collective analytical prowess.
👑 Tao Bittensor (TAO): Ascended with a regal 627% return, crowning it the king of my picks.
🧠 Fetch AI (FET): Demonstrated its digital intellect with a solid 117% return, reinforcing its place in our digital dominion.
These aren't just numbers; they're the fruits of our shared journey towards financial enlightenment. 🌟💡 a lot of the research i did was here or started here, on Tradingview.
🔄 As the time comes to shuffle the deck for the next quarter, I invite you all to join this forecasting fiesta. What's your take on the potential market leaders? 🎲🔮
Many have speculated whether XAI will grace my next Top-3. Despite its allure, I'll drop a little spoiler: 🚫 XAI won't make the cut. I'm eyeing other unicorns prancing on the horizon with even brighter prospects. 🦄✨
🤝 I'm all ears for your picks! Let's exchange insights and forge ahead to a quarter of informed, strategic trades. 🔄🤖
PLEASE Remember: while the sparkle of leverage can be tempting, it's the steady climb of spot holdings that builds lasting wealth. I prefer the solid ground of spot trading over the tempestuous seas of leverage and my 20% leverage -80% Spot is going to 90-10% for the next year– it’s about playing the long game now that the Bull run unfolds. 🛡️✨
Stay wise and don't let the allure of leverage dilute your strategy. Stick to the fundamentals, and let's ride the next wave of success together. 🌊🚀
3x3x3x3= 81 (that's if your selection can triple for 4 quarters in a row)
One Love,
The FXPROFESSOR 💙
$TAO Bittensor Tao's Rounded Top pattern...FWB:TAO rose to a height of $397 and has recently retraced to form a rounded Top pattern.
Current price: $225
The rounded top pattern is usually a bearish pattern and prices most likely will continue downwards 80% of the time! Supports 194, 156, 126 will be tested!
But There's a 20% chance that FWB:TAO 's retracement is complete and is ready for higher prices:
Resistances: 271, 302, 336, 379, 430, 479
TAO/USDT: Analysis - will it bit and soar? or bit and sorry?!THIS IS SUPPOSEDLY VIEWABLE FOR ARCHANGELS: NOW PUBLIC.
SUMMARY FOR LAZY READERS:
🚨 Traders, this TAO chart’s a battlefield, and the bears are winning. The 0.618 Fib level’s been snubbed—no bullish bounce in sight. We’re in deep bear territory here.
📉 MAs are out the window; the 50-day and 20-day are being blatantly disregarded. Price action is breaching these with zero respect. It’s bearish, and anyone saying otherwise is selling dreams.
👊 That huge wick? It's a tease, not a trend reversal. Don’t get suckered into bullish traps. This isn’t a buying zone; it's a warning shot.
💥 Sellers, get ready. The 'safe' MAs? They're targets now, not supports. Expect prints at 200MA or 150MA because we might not be done dropping.
#TAO #Crypto #Bearish
See photo for more elaborated explanation.
For more detailed takes. Here is why.
🚨 TAO's chart is in full bear mode, and here's why:
📐 Fibonacci's telling a grim tale. The 0.618 level's been shunned, and when you ignore the golden ratio, you're asking for pain. A false rally to 0.114 was nothing but bears in sheep's clothing, baiting for a drop.
🟡🟣 MAs are crying wolf here—the 50-day (yellow) and 20-day (purple) have been breached with no bounce-back, solidifying the bearish stronghold. Prices slicing through MAs like this? It's not a sign of health.
👀 That wick at the top isn't a bullish battle cry; it's a one-hit wonder. The market's not finding any solid ground, making those 'buying zones' more like quicksand.
🔮 Predictions of a touch on the 200MA or 150MA? It's not just probable; it's like destiny at this point. We're heading south until those levels say 'stop'.
💸 Sentiment's a mixed bag with talk of influencers and VCs pumping. But remember, real markets don't run on hype alone.
In short: Bulls, take a breather; bears, take the wheel. We're not in Kansas anymore, and this yellow brick road's heading straight for a cliff.
#TAO #Crypto #Bearish
$tao Tao's rising Channel.... More upside or Retracement?FWB:TAO Tao's Price action is currently in a rising channel!
Current price: $380
Price action needs to break out of rising channel for higher resistance: 430, 480
Else if price continues to reject top of channel, retracement to lower supports is imminent: 336, 302! (bearish divergence also spotted!)
Further break down from channel will lead to other supports: 271, 219
$TAO Bittensor Tao's Broadening Wedge...FWB:TAO Tao's Price action retraced from a high of about $380 and is currently Consolidating for it's next move forming a Broadening Wedge!
Current Price: $272
a break below the wedge will find supports 219
Else price action will ascend to resistances: 302, 336, 379 and possible price discovery at 430, 480.
TAOUSDT If this line holds, it can reach $580.00Bittensor (TAOUSDT) is on a remarkable parabolic rally since the October 19 bottom, supported by a Higher Lows trend-line. Below that, is the natural technical Support, the 1D MA50 (blue trend-line). Technically every bullish leg of TAO during this run targets the +0.5 Fibonacci interval, where it consolidates until the next rally to the +0.5 Fib. As you can see, the first consolidation was on the 1.5 Fib, then the 2.5 Fib, where it currently trades sideways.
As long as the Higher Lows trend-line holds, we will target the 3.5 Fib extension at $580. If the Higher Lows trend-line breaks, we will take the loss and target a potential contact with the 1D MA50, with current projection estimates putting a target at $175.00 (but can change as the 1D MA50 rises).
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TAO seems impossible to stopI had been told of TAO when it was already over 70 USDT and I thought it would have retraced a bit to buy but instead it never really did a proper retracement and it has been on fire since then.
Yesterday I noticed that what it should have been a retracement attempt really turned into consolidation (bullish pennant I'd say) which is now breaking out. Honestly too much pumping, as you can see it's been over the TMA for a month now. Assuming for a chart so young TMA is reliable I'd expect a retracement but... PEOPLE IS BULLISH and when people is bullish pumps exceed expetation and TA. Even the oversold RSI and the clearly bearish DIV could mean nothing if people remains too much bullish.
I would love to pick some TAO around 140 USDT but it seems unlikely at this point, if this breakout doesn't pump too much maybe 170 area is more doable. The volume is lowering though!
Here the 4h chart:
At 4h the volume spiked so maybe we could see volume start rising again.
$TAO TAO'S Head and shoulder Pattern... Higher or Lower?FWB:TAO TAO's Price Action is currently printing a head and shoulder Pattern!
Current Support is around $246
Price action needs to make a bounce of this level for higher prices and continuous price discovery... Resistance Above: 271, 306, 336, 366
If #tao loses current support then a fall to lower supports: 219, 197, 176, 156 is expected!
$TAO Bittensor price action in Broadening Wedge... High or Low?FWB:TAO Bittensor has been on a relentless upwards tear!
Current price: $170
Price action keeps broadening in Wedge!
If FWB:TAO rejects angled resistance of wedge then buy the dips support areas are: 156, 136, 118
Else Bittensor continues upwards and breaks out of Wedge for 176, 197, 219 Resistances!
TAOUSDT Buy upon a pull back or a break out.TAOUSDT is on a mini parabolic rally that is headed to Resistance (1) at 75.00.
The break out is a buy entry but can very well give a short term pull back first like in late May.
Trading Plan:
1. Buy if Resistance (1) breaks.
2. Buy any pull back to 60.00 as long as the MA50 (1d) doesn't break.
Targets:
1. 94.00 (Resistance 2 and top of Channel Up).
2. 75.00 (Resistance 1).
Tips:
1. The RSI (1d) is 5 days after the formation of a bullish cross. An additional buy signal.
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