CheddarBizcuitz

CheddarBizcuitz

Big sell off likely due to yesterday's volatility spike. Daily MACD moves closer towards convergence. Further correction could send us as low as 3300. Support levels can be seen at 3900 -> 3700 -> 3600 (200EMA) -> 3450. Extreme low of 3300 if we cross MACD. A hammer candle close on H4 chart could push us back to 4150-4200. Expecting some resistance around 4050.

CheddarBizcuitz

Expected drop off after hitting a few dollars short of ATH. Price will likely bounce between 4100-4300 for the remainder of the week. Keep an eye on the daily MACD as a flip will eventually occur; I anticipate this happening sometime early November. Target support around 3600.

CheddarBizcuitz

The long awaited breakout for $eth has finally arrived! I'm expecting a step to push us to a high around the previously marked dashed line (~4300). A nice reset would leave us around 4k EOM while keeping us above the given average.

CheddarBizcuitz

Nice hold so far but we might just be delaying a dip; daily MACD still poses some convergence concern along with resistance at the expected average. A breakout could very well push us to 3600. On the contrary, we have a triangular pattern setup that could break up as well. A breakout above would continue this stepping pattern and evidently push us back to 4k...

CheddarBizcuitz

Seems like we're currently testing H1 200EMA levels as it slowly pushes it's way to the expected average. Daily MACD took a steep turn so I do expect further dip. Lowest I see us going is ~3450 (H4 200EMA) but we'll most likely see support around 3600.

CheddarBizcuitz

Read a bit on ProShares Bitcoin ETF which has been the reason for the latest hype. If you're like me and had no knowledge of this, here's what I got: - The Valkyrie Bitcoin Strategy ETF (BITO) will be the first Bitcoin futures ETF to launch in the US - Although not currently approved by the SEC, the ETF is scheduled to list this upcoming week on the CME market -...

CheddarBizcuitz

With $eth nearing 4k, I've decided to outline a general price prediction for the remainder of the year. This should also clarify yesterday's comment. The purple lines indicate expected range; dashed lines are additional 'zones'. Lines readjusted slightly to better fit H4 chart. Uptrend assumed. Please note that this is a very broad prediction and estimates are...

CheddarBizcuitz

$btc broke 60k again, $eth ATH soon to follow. 3900 next expected resistance zone.

CheddarBizcuitz

Expected this breakout sometime EOW but LFG! Strong H4 MACD flip to finally push through 3600 barrier; looks like we're headed straight for 3900+. Daily chart looks nice as well. Two additional lines added for potential bounce range.

CheddarBizcuitz

H4 200EMA continues to slowly rise and the MACD looks like it'll flip soon. Still using the upper dashed trendline as the resistance/support reference. I believe we're currently in an ascending triangle pattern and expect this sideways action to continue. Potential dip to 200EMA levels as well (see yesterday's post).

CheddarBizcuitz

Sideways action continues. I'm expecting this to carry out for the remainder of the week; possible breakout towards the end. H4 200EMA has risen back to previous resistance/support flip level which is where we currently face this new resistance. Could see push back down to 3300 range.

CheddarBizcuitz

Nice recovery, 3600 still not budging but we could see a push soon. New estimated range indicated if a breakout doesn't occur in the next few days.

CheddarBizcuitz

3500 held in well. Lots of sideways action lately, hoping to see a bit more volatility soon. H1 200EMA has reached the previous upper trendline which is a good indicator of a flip to support. Maybe we just call $eth a 3500 stablecoin lol.

CheddarBizcuitz

Looks like we could dip soon, 3600 resistance not budging. See yesterday's post on estimate; somewhere between upper dashed trendline and 200EMA.

CheddarBizcuitz

A few attempts at a breakout but no luck so far; if we break below I could see us hitting 3450-3300 range. We're about to pass trendline, I expect something to happen shortly.

CheddarBizcuitz

On the verge of a breakout; good time to start considering which alts to get in. I expect a strong rally to follow this cycle. If you have any suggestions lmk my portfolio's limited and I've been out of trading for a bit. So far my interests are $uni, $kava, $crv and $sol/$xtz or other network that host NFT markets.

CheddarBizcuitz

Strong recovery to push us back above trendline; expecting to break 3700 within the next 24 hours.

CheddarBizcuitz

Nice hammer formation on yesterday's daily close. We could make a solid push to 3700 here.