The lower high is in and APTUSDT (Aptos) has been bearish for 13 days, but the correction isn't likely over. The fact that a strong lower high was produced on 22-October vs 26-March signals that this pair is likely to hit a new low or lower low. The minimum drop with the current chart structure and price dynamics would be a test of the 5-August low, which would...
TRXUSDT (Tron) just produced a new high and double-top. This is one of the pairs that offers the best risk reward ratio because it trades so close near the All-Time High, near resistance. Current price action is ultra-bearish. There are many signals we can look at but let's keep it simple. Notice the high bearish volume on 21-August, this is the main bearish...
My dear friends, here I find an amazing chart setup for a glorious SHORT on Tron (TRXUSDT). This setup becomes stronger and more appealing because of the recent final upward push. These types of moves coming out of nowhere can signal the end, the last hooray, so to speak, of a bullish trend. There is a very strong bearish divergence since February with both, the...
Ladies and gentlemen, we are going to add a new pair to our list of public SHORTs. We have about five already. SHIBUSDT, PEPEUSDT and BNBUSDT all hit the first target and are doing good. I think SOLUSDT is no good right now and RUNEUSDT also hit the first target. ETHUSDT is in the green but hasn't hit any targets yet, it will soon. To this list, we are now...
Binance Coin is in the same situation as Bitcoin but the chart reveals more strongly the potential for a new drop, a lower low. Binance Coin (BNBUSDT) clearly peaked with the June 2024 fake breakout and we know that after the peak and correction comes. The 5-August drop wasn't a real down-wave but more of a strong shakeout move. The strong recovery afterward...
No predictions here, let's just consider the next support level which is a critical one. ORDIUSDT (Ordinals) is pointing down based on the action happening since early March and recently. The next major support which was already challenged in August is $23. This level is about to be tested again, it was breached briefly on a wick. If this level breaks, and we...
This will be a major crash. FETUSDT (Artificial Superintelligence) has been strongly bearish since March, but this isn't enough, according to this chart. Notice the descending trendline and how it has been working perfectly as resistance; perfect symmetry. So far six consecutive weeks of bearish action after a small bounce. These six weeks are a form of...
Here is what I did, I plotted the Fib. retracement levels for the entire chart since the bear-market. The entire bullish wave from the June 2022 low all the way to the July 2023 high. The levels are shown on the chart. This is long-term and these are strong levels and signals. XRPUSD is trading weekly below 0.618 Fib retracement relative to the bullish wave just...
Dogecoin meets resistance in May and from this resistance a bearish impulse develops. When the price bounce happens, a bullish wave starting from the August low, the action goes towards this resistance. This is marked with a bold orange line on the chart. The action moves just above the previous high. This activates all the stop-loss orders. Resistance holds....
While Bitcoin is waiting to give us the signal, the final signal, Solana is in no mood of doing the same. Solana doesn't care about creating doubt or uncertainty, SOLUSDT is ready to crash and that is what the chart is saying without any mix up. A perfect descending trendline with three reactions, lower highs. The current weekly candle went higher than last week...
While Bitcoin is waiting to give us the final signal, Ethereum (Ether) is already there, leaving not a shred of doubt as to how this week will close. The current session has a long upper shadow, a very long one, and the action is already happening below the weeks open, giving us a bearish candle. Last week closed red and this week started green but is ending...
Support levels were the August and September wick highs. When BOMEUSDT (Book Of Meme) hit a major high in October, on the way down, these two levels worked as support. It took two weeks for these levels to break. Once broken, the pair is confirmed bearish. ➖ BOMEUSDT is trading below support; now turned resistance; the purple lines on the chart. Book Of Meme...
This definitely looks like the H&S pattern, but what I think more interesting is the mirror image. The last rise is about to be mirrored as a drop. AEROUSDT (Aerodrome Finance) can end up with another higher low just as it happened from July's peak leading into September. If one goes, they all go and with Bitcoin bearish (below 70K) it would be normal to see...
This looks like an interesting project. I am sharing the short now but later we will go bullish on the Altcoins. By doing an analysis I can start to learn the chart and recognize its behavior. It will be easier later on to spot the bottom and prepare for the bull-market. We have one foot in 2024 and another foot in 2025. I hope you are not becoming impatient...
One of the precautions we took when Bitcoin moved above 70,000 was to wait for the weekly close, in order to avoid getting caught in a bull-trap. It is still the same week and Bitcoin is now trading back below 70,000. 70,000 is a very important level because this is the price from which the major August bearish impulse got started. Moving and staying above this...
It is quite revealing, this chart... First, all of the action is happening below the May 2021 All-Time High (blue line on the chart). The top pattern from 2021 is being repeated in 2024, let's look at it. ➖ #1 is a pointed top. ➖ #2 is a rounded top as a lower high. This is the classic Adam & Even bottom pattern but inverted. Notice the trading volume. On the...
I mentioned recently that the memecoin section of the market can suffer strongly in the upcoming bearish impulse but this is only because of how much these Altcoins grew. This is based on the charts we looked at for Bonk and Floki Inu, which you can find below for your convenience: ✴️ Floki Inu Major Drop Now Imminent: Prepare For The Crash! ✴️ Bonk...
Until the 31st October KAIAUSDT is clearly bullish. The entire chart taken together is bullish based on an ascending channel. Yesterday late at night, a session produced a long upper wick and then we have some bearish action. We can see some lower highs (see blue line within the channel) and then a clear bearish signal coupled with high bearish volume. This is...