For the last few months, I've been preaching patience as we saw a multi-month correction play out, all as a part of the bigger-picture Elliot Wave playout. The charts are looking positive after some bullish action started showing up from yesterday. I'd be ready to say the corrective phase is finally over and we're starting the new impulse wave up IF Bitcoin can...
UMA is approaching an ideal buy-back zone whilst forming an important chart pattern - the Three Dives Down Pattern. This pattern goes by many names including Three Drivers, Three Drives Down and Three Dives Down (which is the one I prefer to use). This pattern is bearish for the SHORT term, but bullish for the NEAR and LONGER term. It's important to note that...
Solana was one of my TOP PICKS for alts in 2024. Second to Ethereum, the SOL space keeps growing as more and more dApss are being built on SOL. The market cap for Solana is looking healthy, after recently peaking at $93B: This is an incredible achievement, and I expect the market cap to continue to grow in the longer time. Naturally, we can expect SOL to...
RENDER is one of my top altcoin pics for 2024.🏆 It increased a generous 305% since the beginning of the year, and a new bullish cycle is likely next s soon as we hit the ideal re-accumulation zones where whales prefer to buy back. A -77% retracement hit the next major demand zone, where I expect to see a decent bounce. Between this zone and the lower zone ,...
BINANCE:SHIBUSDT Many altcoins are currently in Accumulation Phase. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how BTC loves Decembers: The good news, is that this...
The accumulation zone is your ideal BUY zone. The reason being, is that with some patience the next part of the cycle is the increase / impulse wave UP. 1) SHIB 2) DOGE 3) RUNE 4) FANTOM There are a few more, but that's what we have time for today! Catch us here again tomorrow for more updates. ______________________________ BINANCE:FTMUSDT ...
PEPE is in the middle of a solid bearish market (According to Wycoff Method Chart Analysis). With the RSI in the daily under 50, the price continues to be bearish. It is likely that PEPE will retest the next major demand zone, where a potential bounce could be found as buying pressure can be expected on this demand zone. From a technical indicator perspective,...
The 4 Year war is over for the worlds most hated altcoin. Judge Analysa Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding the outstretched legal case against Ripple. This penalty is favorable for Ripple, given that the SEC had originally claimed a $2 billion fine. Considering the XRP...
Bitcoin from the monthly view gives us a very clear indication o where we are in this cycle, specifically compared to the previous cycle. A few points that are noteworthy from this perspective: ❗ Perfect Elliot Wave Theory playing out ❗ Currently in Corrective wave 3-4 ❗ Still making HIGHER lows, still bullish I've said this last year, and I'll say it again...
SEI is an altcoin that I have high hopes for. Unfortunately, SEI hasn't yet bottomed out and is still trading in a bearish trend, making lower highs and lower lows whilst the RSI is under 50 (THREE Bearish Signs, Short to Near term). However, we have reason to believe that the end of the bearish cycle may be very close - and now it is time for...
In today's post I'd like to invite you to add the alts YOU think will survive, and why. Add in the comment section! Incase you missed yesterdays post... I remember the good 'ol days, when the amount of options you had was limited to one hand. First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin...
I remember the good 'ol days, when the amount of options you had was limited to one hand. First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the...
BINANCE:ADAUSDT ADA is not my favorite alt on the block, but I do think there is a good opportunity approaching in terms of a low risk / high reward trade. Ada is about to re-enter it's accumulation phase, which is also the local low and where the price often bounces from support. The technical indicator is also still vey bearish, showing no signs of a turn...
Over the past few years, BTC has shows affinity for Decembers. If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts. And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases...
1) NOTUSDT BINANCE:NOTUSDT Great bounce from the support, RSI bottoms: strong in the 4h: 2) RUNEUSDT KUCOIN:RUNEUSDT From the 1h up to the daily, it seems as though RUNE is increasing after establishing a bottom of being oversold: 3) AVAXUSDT BINANCE:AVAXUSDT AVAX makes a turn around after bottoming out in the buyback zone: 4) BNBUSDT ...
It's made headlines that large whale wallets have sold off large chucks, driving the price of ETH down by over 35% in only a few days. We see a yearly low in the daily RSI, as well as an "Oversold" flash on the Technical indicator. The good news, is that this will give buyers a few weeks to re-accumulate ETH before the next impulse wave up starts: For the short...
KUJIUSDT has lost 80% in two weeks, losing exponentially more than the rest of the altcoin market. It continues to make lower lows and the price is now in price-discovery mode... but to the low side. However, if you are interested in buying KUJI (for your own personal reasons) at this low price- I'm going to show you a strategy on how to find price levels to...
We're seeing what could be the final shakeout across the entire altcoin market. This drain of liquidity will likely go into Bitcoin to propel the next impulse wave up, after which the money rotates BACK into alts for Altseason2.0. We're spotting multiple bottom patterns across the altcoin markets such as inverse head and shoulders and W-bottom patterns. 1)...