The chart shown is the EVM sidechain of Ethereum --- PLS / by ETH itself So as this chart produces Green candles. PLS is earning you more Ethereum and Red candles mean you are losing ETH value. For any ratio it is the same deal. i.e BTC/USD. Green equals more USD. RED = less USD. We have a clear bottom formation yet to truly break out. But almost there....
do you? We encountered a peak fear period last week. And altcoins have taken back all gains if not more. YET I remain bullish. Call me what any name you want. I believe in $100k BTC by the end of the year. And onto my top target zone of $123k-150k
If you believe in the Crypto 4 year cycle Here is a thread of cheap altcoins in USD terms, that have good technical patterns or sitting on previous support zones from which prices have rallied before. There are no guarantees only probabilities. Your capital is at HUGE risk gambling on S coins. With that being said. Let's kick it off with LOOM network.
and we are still in ONLY in phase 2 Phase 3 remember is when TitanX becomes Hyper deflationary. Which is due around late November/ December ... But if you are NOT positioned before then it could be too late to enjoy the potential X's that come this ecosystem's way in 2025 #DRAGONX has already done over a 40X from it's bear market low just a few weeks...
The accumulation and distribution volume matches the positive and negative money flows of the first 5 waves in a Jesse Livermore stock cylinder. Will wave 6 see a rush of positive money flow into #Bitcoin into the end of the year? Let's see If it does then that will further cement this pattern of accumulation , sideways movement then breakout with...
"JOBS, JOBS, JOBS!" As Obama said during the recovery period post GFC This chart shows the employment level --- how many people are employed in the States / divided by the unemployment level --- the number of people without a job. . A simple Ratio With all the official Recessions highlighted in the red box. The dates of the recessions are from Wikipedia....
Look at that August Monthly hammer candle after the Yen carry trade wobble. The Global Dow jones index is at an all time new high This rise is BASED on a wall of #FIAT capital that has been clicked and borrowed into existence. And speculation of an AI revolution But Money creation is not wealth creation. An general AI will be deflationary, as more decisions...
Let's start with #BTC.D Short time frame potential double top with a head & shoulders on the RSI Log tgt provided if this were to trigger and start breaking down.
Music app / Crypto Artisits taking contol off their musicl with social messaging WE DON'T Know what the future of crypto will be but tipping on twitter payments for digital content micropayments , Only fans kind of platforms seems inevitable at one point . Apps which hide the blockchain for everyday users have still to be properly developed But...
right in accumulation zone which was a previous launchpad for good gains versus #ETH can it do it again? Well odds favour YES and you have a well defined area/level that if you see skale breakdown on this ratio you can abandon the trade. But I believe Skale can go on a Run Gasless Gaming blockchains are very much needed if #Crypto is to succeed in bringing...
The DOLLAR is the worlds #1 trade and reserve currency #GOLD is the KING of Anti Fiat #Bitcoin is attempting to replace GOLD in the mindshare of people (to a certain extent it has, considering from where it started from just a brief 15 years ago) So observing the major trends of the #DXY is crucial to determine how to place your bets and how much risk you should...
Interesting structure and action on this S coin on #solana Elon very briefly changed his X pfp to the dark maga colours if thats all you need for a fundamental reason ... thta's a pretty good one But on a technical level we have a higher low let's see if it can break through that key level and form. large inverse head and shoulders
This is the market cap of SOL divided by the market cap of ETH It's important to look at the m-cap charts since the circulating of these coins are constantly changing. Sol to flip Eth is a good bull market narrative that probably WON'T happen --- but could be still be very profitable. The gap could close to where the pundits will start very talking about it....
One for the memory banks! Now do we actually get what we are "owed" ?? :) We don't know and nothing is owed to us of couurse But Selling too soon could be quite disastrous... as many peopleI speak to say to me 5X - 10X I am out.. Which may be prudent If you are out. Stay out and don't FOMO back in again near the tops So it's best to scale out in my...
Scenario casting #Avalanche versus #Ethereum as we go forward into 2024 The blast off from the lows has to be respected and is a significant show of strength and shames other blockchains price performance these past few weeks I'm looking at you #Algorand & #HBAR
Losing Dollar Value is one thing. But losing 94% in 2 years vs #Ethereum is a second type of pain That highlights the risk that abounds in #Crypto and the #altcoins Can #Algo start making positive progress now?
fade the bullish moves look for continuation down that is going to be the money maker shorting into resistance not longing on reversals
NECKLINE needs to hold! Things are getting more ominous for #ADA