Weekend Technical Analysis Fiesta - Name Your Crypto!Has been too long since the last time that we had a crypto fiesta!
Short-term view:
As discussed in my last few analyses, BTC remains in a gray area. Bullish above the top yellow resistance and bearish below the bottom purple support. Stocks are breaking out bullish, so I'd expect BTC to follow.
Very choppy market.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content🙏
Fiesta
🔥 Weekend Technical Analysis Fiesta 🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥
Short-term view:
Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k
Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k would be a long-term pivot to the bears.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content🙏
🔥 Weekend Technical Analysis Fiesta🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥
Short-term view:
Bulls have the trend, but bears have the resistance. 3 possible paths drawn on the chart.
If we can get a decent break out through the top resistance of the channel we might even make a new ATH before the halving. Small chance, but definitely possible!
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content🙏
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!It's that time of the month again, time for the last Crypto Fiesta of 2023!
Short-term view
Bitcoin looks bullish. Long-term trend is 100% bull, but we might be seeing some headwinds in the near future. 48k remains my target. This will be the strongest area of resistance before the all-time high region.
Bullish ETF news keeps coming in. Seeing that we've rallied this far without the ETF actually being approved makes me wonder if it will be a "buy the rumor, sell the news" kind of event.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content🙏
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!Another month has passed and a lot of things have happened. Time for another Crypto Fiesta! 🎉
Short-term view
Bitcoin is still looking like it wants to go up, but we have to acknowledge the inability of BTC to break through the 38.000$ resistance area.
Most likely is that the daily/weekly RSI wants to cool down a little bit before the next leg up. On the other hand, the bullish channel is still intact. As long as we're above the channel's support, no worries for the bulls.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content🙏
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!Another month has passed since the last Altcoin Fiesta, excited to do a new one!
My short-term view on the markets:
In nearly all my Bitcoin posts recently I've stated that I was bearish until we can get a bullish weekly close above the top purple resistance. Seeing today's price action, we're likely going to close the week above said resistance.
Near term looks bullish. Main resistance is the July high of 31.800, a move above there can easily take us to 35k or higher.
Alts have been bleeding hard. With BTC going up, there's ample short-term opportunity to find in the altcoin market.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content🙏
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!It's been 4 weeks since the last Altcoin Fiesta, which means it's about time for a new one!
My short-term view on the markets:
BTC has fallen through the main bullish support which held the upward trend going all year. Volatility is still low, but BTC appears to have found support around the June support area. Short-term price action can be bullish, but I still think that the remainder of the year will be dominantly bearish.
I will remain bearish until we can get a weekly close above the top resistance of the purple channel.
Still, there's some decent long-term plays in the altcoin market.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!Few weeks have passed since I did my last Weekend Technical Analysis Fiesta. Seeing how the market finally saw some volatility, it's a perfect moment to do another.
My short-term view on the markets
BTC has fallen through the main bullish support which held the upward trend going all year. Considering we're coming out of a very long period of low volatility and the fact that stocks are falling, I'm anticipating more bearish price action. 20k is my next target. In the long-term, DCA'ing below 20k looks like a great strategy to me, especially alts.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!After last weekends successful Technical Analysis Fiesta, I decided to start another one for this weekend🎉.
My short-term view on the markets
Bitcoin is still trading bearish. Wednesday's FOMC meeting has not excited the market and has led to short-term selling in both crypto and stocks. Still anticipating that BTC will move towards the bottom diagonal dotted support line. Currently 50/50 whether the bottom support will hold or not. If it fails, the long-term bullish trend has been broken and the 2023 top is likely in.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content