Altsignals

Altsignals

In our last post we identified the retracement and where it may retrace to before dropping once again. We are now near one of 2 reversal zones. The ideal reversal zone is the 61.8 fibonacci where we have structure and the descending trendline. However, if we don't get enough momentum to push us to that level, the 50 fib looks to be the other reversal area. Either...

Altsignals

Following on from our last post where we had the higher timeframe analysis for shorts, we are now almost near our ideal reversal zone. The 39k level appears to fall in line with the descending trendine and the structure, making it the best place for reversal. Trade Idea: - Watch for price to reject the descending trendline and structure - enter with stops above...

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ANKR is setting up nicely for a breakout. We have the structure level at 0.053 where we saw price breakout in late 2019 by over 300%. We are approaching that structure level once again where we might see a similar price action. Trade Idea: - Watch for price to come back down to the structure level and show bullish price action - Enter with stops below that...

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Dogecoin being the "OG" appears to be leading the way for its two siblings. Once compared, we can see that Doge, Shib and Kishu have very similar price action with Shib and Kishu being almost identical. In our Shib post we mentioned that there was no bottom or clear reversal zones. However we can use both Dogecoin and Kishu to find the bottom for Shib. If one...

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Shiba Inu has been on the watchlist for a very long time. Been waiting for the massive inevitable impulse that will soon make us all shibillionaires! Only issue is that there doesn't seem to be a clear bottom. No previous structures to indicate where it may reverse from. There's the 0.88 fibonacci level which could be a reversal zone. So, how do we approach...

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All eyes on the Dog Coins! They're all near the bottom which is making it more and more enticing to buy for some quick gains. Kishu could still move lower once more before we get to our buy zone. BUY Trade Idea: - Watch for Kishu to move lower one last time - Once it reaches the structure level, watch for bullish pressure - Enter with stops below the lows -...

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We could be seeing a final move down for Ethereum before we start buying, along with other coins. We can see that we made an impulse down and we fibbed that impulse to get the best reversal zone, which falls in line with the structure level. Looking for rejection of the fib to move down to the 1700 area. Trade Idea: - Watch for price to reject the structure and...

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Binance Coin is shaping up very similar to all the other major coins such as Eth and Btc. We could be moving lower once more before we go in for the big buy. The bigger picture is showing us an expanding flat correction and we're currently in the C wave. SHORT Trade Idea: - Watch for price to reject the fibonacci levels in our sell zone - Enter with stops above...

Altsignals Updated 

Our previous posts on Bitcoin shorts have been playing out really well and it could be that we may have another short setup on our hands. Bitcoin is approaching the 40k level which has been a psychological level for quite some time. We broke through that and we could be retesting it and heading towards 30k (as mentioned in our higher timeframe Bitcoin...

Altsignals

In our previous analysis, we had 3 levels we were looking at. The first level got taken out pretty easily and now we're approaching the 2 others. We can see that the bearish moves are getting smaller - indicating that we may be bottoming out very soon and could be reversing. Simply watch for an impulsive move up from one of the structure levels - jump in to that...

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Its no secret that Bitcoin and Ethereum are the most well known cryptocurrency out there and are leading the way for other, newer cryptocurrencies. Bitcoin acts as an index for all cryptocoins - if Bitcoin goes up, all crypto goes up. If Bitcoin goes down, all crypto goes down. We can use this to find the reversal zones for all the other cryptocurrencies. From...

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Ethereum is showing us a very VERY similar pattern to Bitcoin. Bitcoins has a strong support level at 30k which may be the reversal zone. We're not too far off and similarly, we're not too far off from Ethereums strong support level at 1700. Once Ethereum and Bitcoin find their bottom, we can correlate it with the entire crypto market and look for buying...

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Late last year, we posted a Ripple analysis with the view that we will be reaching the 0.55 level. We have finally reached that level after a drop of almost 40% from our last analysis! Now that we're at the bottom, what next? We need to see if this level holds. As Ethereum and Bitcoin have not quite bottomed out, XRP can still sit at this level until the others...

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Ever since Novembers high, Solana has been on a massive bearish wave. An indication that the bearish wave was coming was the daily divergence. Since the bearish wave has started, we can see a number of impulses (in light blue) and corrections leading lower and lower. Question now is: how low can Solana go? A good way to call the bottom is by looking at the other...

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What is Divergence? Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should stop trading in the direction of the trend and look for countertrend trades. How to identify Divergence? When price is making higher highs, MACD (or RSI) will show lower highs =...

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After the recent sell off, our 40K reversal zone got invalidated. We are now looking for the 30K level which we mentioned previously could be the reversal zone. See below: The bigger picture is showing us an expanded flat correction where the top is ascending and the bottom is flat. On lower timeframe, we had an ABC correction which led perfectly to the...

Altsignals Updated 

After our last sell setup for Solana hit target, we were looking for buy setups. After the break of the major descending red trendline, we are looking for buy set ups. We can see that we have created a descending correction and hit the 78.6 fibonacci. We can get in with a tight stoploss just below the fib and have major upside targets. Trade Idea: - Watch for...

Altsignals Updated 

In our last SOL analysis, we had a short setup that played out perfectly and almost at TP and the -0.27 fibonaci target. We are seeing some bullish price action now so it would be a good idea to close the shorts and look for longs now. Trade Idea: - Watch for bullish candlestick formation such as bullish engulfing - Safe entry would be after the break of the...