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Cryptopickk

BTC Bitcoin: Two Scenarios Coming Up Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin (BTC). The chart is self-explanatory. The price has two potentials from the Support and Resistance Trend Line which is in confluence with the VPVR (Volume Profile). Volume overall is low and Ichimoku Cloud shows a red cloud upcoming (resistance). Lastly, zooming out, you can see a Double Top Pattern, which is a bearish pattern. The $39K-$41K area is a very important area to keep an eye on. Shown in the chart: Trend line, Ichimoku Cloud, Support and Resistance Line, Volume, Volume Profile, Rising Wedge Pattern, Double Top Pattern. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
4
DXY US Dollar Index: 1M Chart UpdateToday I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern. If the DXY breaks out of the descending parallel channel, we can see the price go up significantly as shown by the Fibonacci Extension (Trend-Based Fib Extension). If the price gets rejected at the channel top, the price can go back down to as low as $60-65, which will create a triple bottom (generally bullish pattern). This is a multi-year chart so don't expect everything to move quickly. When zooming out, the US Dollar price looks very bullish in the long-term. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:DXYLong
by MillionaireEconomics
12
BTC Bitcoin: Inside The Rising Wedge Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. The chart is self-explanatory. The overall pattern is a Rising Wedge, but the price may still have potential to get back to the top of the pattern before it has a major drop. Additionally Shown: Ichimoku Clouds, RSI (relative strength index), Support and Resistance Trendline, and Volume If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
13
LUNA Terra: 4H Chart UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Terra (LUNAUSD). The chart is self-explanatory. Terra price has been moving up an Arc trend line and has been moving parabolic recently. If the price falls, it may go back down to the 0.382 Fibonacci Retracement area which is in confluence with the major Support and Resistance Line. Volume is healthy currently. In the related ideas below I discuss the Total Crypto Market Cap and Bitcoin trendlines, EMA Ribbons and 200 SMA. Please review those as well. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
L
by MillionaireEconomics
4
BTC Bitcoin: EMA Ribbons and 200 SMAHello friends, today you can review the technical analysis idea on a 1H, 4H and 1D linear scale chart for the Bitcoin (BTC). These charts are showing the EMA (Exponential Moving Average) Ribbons as well as the 200 SMA (Moving Average). I am showing the different timeframes to show that the price needs to get back inside and above the EMA Ribbons to show any side of upside. Also the 200 SMA is holding support at the moment. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
BTC Dominance: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D). The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta color) and a multi-month double bottom pattern (bullish; in yellow color). The RSI (relative strength index) is also moving up a multi-month support line. There is still room for growth. If Bitcoin Dominance breaks up, it could be a great sign for the Bitcoin price. If it breaks the support line, a potential altcoin season may be coming soon. Shown: Support and Resistance Line, Trendline, Double Bottom Pattern, Triple Bottom Pattern, RSI (relative strength index), Triangle Pattern If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
7
ETH Ethereum: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD), a cryptocurrency. The chart is self-explanatory. Ethereum price is currently trading in the Fibonacci Golden Pocket zone and in a high trading area of the VPVR (Volume Profile). The Ichimoku Cloud shows green clouds for upcoming support. RSI also shows support for a potential move up. Volume is low and Stoch RSI is oversold. If price moves up, keep an eye on the 0.786 Fibonacci level. If the price falls, keep an eye on the 0.382 Fibonacci Retracement level. Shown: Ichimoku Clouds , RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Extension , Volume Profile (VPVR), Support and Resistance Trendline, 200 EMA, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:ETHUSD
by MillionaireEconomics
2
BTC Bitcoin: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD), a cryptocurrency. The chart is self-explanatory. Bitcoin has the potential to move up with the RSI about to cross a key area. Stochastic RSI is oversold however it has the potential to stay in that region as shown in the prior periods. VPVR (Volume Profile) shows a key area of resistance in the same area of the Fibonacci Golden Pocket range (0.618-0.65). If price begins to move lower, keep an eye on the Danger Zone Support Line. Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Extension, Volume Profile (VPVR), Support and Resistance Trendline, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
1
BTC Bitcoin - Target For UpsideHello friends, today you can review the technical analysis on the 1M (monthly) log scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. When reviewing this chart, keep in mind it is on a macro perspective and not looking at the day to day chart. #CryptoPickk noted in the chart: 1) The price has been in a Parallel Channel since early 2013 with the price being supported on the bottom and top trendlines. 2) The Median Line of the Parallel Channel is extremely important as it has helped determine when a Bear Market has come for Bitcoin up until now. 3) The current price range is at a critical level as it was in September 2017 when the price broke below the Median Line but regained momentum and within a few months it reached an all time high with a blow off top around $19K-$20K. 4) Similarly if the current price can get back above the Median Line, there may be a potential for a Parabolic Run to the top of the channel at around $275K. 5) The targets were determined using a Fibonacci Extension tool showing the price in 2017 reached the all time high between the 4-4.618 Fibonacci level. Assuming this may happen again, the 4-4.618 Fibonacci level is around $275K range. It may be higher or lower a bit but around that price. 6) The chart and analysis is based on historical data trends and the price of Bitcoin does not need to follow that. It is extremely important to keep a close eye on the Median Line over the next few months. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
10
FTM Fantom: Channel Inside A WedgeHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Fantom (FTMUSD), a cryptocurrency. The chart is self-explanatory. The Fantom price is inside a small Channel Pattern which is inside a Descending Broadening Wedge Pattern. Based on the indicators, price has the potential for upside, however the Ichimoku Cloud shows heavy resistance ahead. If Volume comes in and price breaks outside of the Cloud, it may be possible to see a nice move upside. Otherwise, price has potential to break below the local S/R line and fall much lower. Additionally Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), MACD, MFI (Money Flow Index), Fear and Greed Indicator, Support and Resistance Trendline, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
by MillionaireEconomics
16
SOL Solana: 1D Chart ReviewHello friends, today you can review the technical analysis on a 1D linear scale chart for Solana (SOLUSD), a cryptocurrency. Quick Analysis: 1) The price of Solana is currently in a Descending Parallel Channel which has been respected for over a month. 2) The price failed the re-test of an important support line when the price was going up, however that line will potentially be resistance going forward. 3) The price entered back into a consolidation channel which it was in for over a month in September-October 2021. 4) If the price continues to fall, keep an eye on the danger line as it would be one of the last areas of support. 5) RSI (relative strength index) is hovering around the oversold region. 6) Stochastic RSI (Stoch RSI) is in the oversold region. 7) The Volume is low compared to the recent Volume each day. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
FTX:SOLUSD
by MillionaireEconomics
1
AVAX Avalanche: 1D Chart ReviewHello friends, today you can review the technical analysis on a 1D linear scale chart for Avalanche (AVAXUSD), a cryptocurrency. Quick Analysis: 1) The price has been respecting a multi-month parallel channel it formed in early 2021. 2) Since August 2021, the price has been supported by a trendline, which it is hovering above/below over the past few days. 3) If the price does not come back above the support trendline, keep an eye on the lower trendline of the parallel channel. 4) The RSI (relative strength index) has formed a multi-month bearish divergence. 5) Volume has reduced over the past few days compared to the past few months. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:AVAXUSD
by MillionaireEconomics
3
COIN Coinbase: Critical AreaHello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange. Please review the chart as it is self explanatory. The key is to break the resistance line as the price is in a critical area. The overall pattern is a bearish one (Ascending Broadening Wedge or Rising Broadening Wedge) so there is concern for potential downside if the price breaks below the bottom support line. Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), and various trendlines. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:COIN
by MillionaireEconomics
8
ETH Ethereum: 4H Chart UpdateHello friends, today you can review the technical analysis on a 4H linear scale chart for Ethereum (ETHUSD), a cryptocurrency. 1) The Ethereum price currently broke down from the Symmetrical Triangle Pattern it was forming. 2) If price does not get back into the triangle, it may be supported by a Multi-Month Support Trendline. 3) If that support trendline doesn't hold, it may fall down to the Support and Resistance Area (Box) which is around a 25%-30% price drop. 4) The measured move from the Symmetrical Triangle has the potential to bring the price down to the 1.618 Fibonacci Retracement level. This is also in the Support and Resistance Area. 5) Also note the RSI (relative strength index) also broke down from the bottom support line. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:ETHUSD
by MillionaireEconomics
4
BTC Bitcoin: Prior FractalHello friends, today you can review the technical analysis on a 1D linear scale chart for Bitcoin (BTCUSD), a cryptocurrency. 1) The price recently dropped and has been consolidating since that point. 2) A prior BTC fractal (circled in the chart) could be potentially in early stages of the current price action. The price in that fractal took 63 days to consolidated before price started moving up. 3) If the fractal plays out with current price, that would bring the BTC price down to about $42K-$43K before moving higher. 4) Keep an eye on RSI (relative strength index) and Volume. 5) This is a fractal idea so don't assume it will definitely happen. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
13
DOGE Dogecoin: Re-Test of ChannelHello friends, today you can review the short-term technical analysis on a 1H linear scale chart for Dogecoin ( DOGEUSD ), a cryptocurrency. 1) Dogecoin price broke out of a multi-day Parallel Channel with respective support and resistance areas. 2) The price may come back down to the 0.236 Fibonacci Retracement area at the top of the channel before moving back up. 3) The target price of the breakout of the parallel channel has already been met, but there may be a chance to go back up as Volume is back in. 4) The RSI (relative strength index) is being supported by a trendline which it may come back down to re-test. 5) The upside idea may be invalidated if the price comes back into the Parallel Channel. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITTREX:DOGEUSD
by MillionaireEconomics
2
FB Meta Platforms: Upside PotentialHello friends, today you can review the technical analysis on a 1D linear scale chart for Meta Platforms, Inc. (FB). 1) The price is currently in a Double Bottom Pattern with the potential of coming to a breakout area. 2) If price breaks out of the Double Bottom Pattern, it would move back inside a Parallel Channel it has been respecting since February 2020. It fell out of the channel in early October 2021 and has tried to regain access back into the channel. 3) The Volume is consistent. 4) The RSI (relative strength index) has a resistance line which the RSI is coming close to. 5) If price reaches the Double Bottom Pattern target, it would be a 20% upside move. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:METALong
by MillionaireEconomics
2
LTC Litecoin: Weekly Chart UpdateHello friends, today you can review the technical analysis on a 1W linear scale chart for Litecoin ( LTCUSD ), a cryptocurrency. 1) Litecoin price has been falling since the May 2021 local high. 2) Currently the price is close to touching a multi-month support line. If price breaks the support line, keep an eye on the 0.236 Fibonacci Retracement level to possibly hold support. If price breaks that region, there is a multi-year support trendline that may support the price. 3) RSI (relative strength index) is currently being supported by a multi-year trendline. 4) Overall crypto market is not looking strong so be cautious. 5) This is a weekly chart so be patient with price action. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
BTC Bitcoin: Potential H&S PatternHello friends, today you can review the technical analysis on a 4H linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. 1) In a prior idea, I noted the price may go up as a result of the Double Bottom Pattern (bullish pattern). However there is a potential for a Head & Shoulders Pattern (H&S Pattern) as well, which is a bearish pattern. When reviewing lines and patterns, it is important to understand all the different scenarios and focus on which pattern is closest to forming so you can take action. 2) If the price goes below around $47K, keep your eyes open for a potential H&S Pattern completing the formation. This could bring the price down to around $41K-$42K. This would bring the price to around the wick area on December 3, 2021. 3) The RSI (relative strength index) has been supported by a trendline. Keep an eye on the support and potential break. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:BTCUSD
by MillionaireEconomics
5
BTC Bitcoin: Short Term Double BottomHello friends, today you can review the technical analysis on a 4H linear scale chart for Bitcoin (BTCUSD), a cryptocurrency. Quick Analysis: 1) This analysis is short-term and shows the Double Bottom Pattern Breakout Potential to around the $56K-$57K. 2) If price moves to that target, be ready for a potential Dead Cat Bounce scenario or Bull Trap scenario to happen. This is using the Fibonacci Extension levels. 3) The RSI (relative strength index) is being supported by a trendline. 4) The chart has many of the notes. Please read thoroughly. 5) Remember this is just a scenario of what could happen. Anything is possible. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:BTCUSDLong
by MillionaireEconomics
5
BTRST Braintrust: 4H Chart ReviewHello friends, today you can review the technical analysis on a 4H linear scale chart for Braintrust (BTRSTUSD). 1) Since the mega price drop a few months ago, the price has respected an Arc Formation with multiple touch points on the Arc. This is a macro pattern, not looking at the hour by hour price action. 2) The RSI (relative strength index) has also been supported by a multi-month trendline. RSI is out of the oversold region and moving up. 3) The dash lines represent areas of resistance if price goes up. 4) As long as the price stays in the Arc Formation, the price has potential to go up. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTRSTUSDLong
by MillionaireEconomics
BTC Dominance: Alt Season Coming!Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has formed in the charts. This pattern's target is usually the length of the flag staff. 3) Since the RSI (relative strength index) recently broke a key support line, it may go back up to re-test the trendline before falling further. 4) With the potential increase in RSI, the Bitcoin Dominance may go up as well before a drop down. 5) If the Bitcoin Dominance falls to the target, it could result in potentially the biggest Altcoin Season. 6) If Bitcoin Dominance breakout above the Parallel Channel, it could invalidate this idea. 7) This is a weekly chart so don't expect anything to happen quickly. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
4