4 Trend Indicators you can use to identify the current MACRO Trend. It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to...
It’s going to be a busy month for the Chair of the Fed (Jerome Powell), who delivers a speech today and then will testify later this month in front of Congress to provide updates on monetary policy decisions. Will we gain clarity on the timing of potential rate cuts this year, and if they are even being considered? Crypto in June - How BTC responds June saw...
Solana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers: A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous...
I've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH: This lines up with my initial correction target using Elliot Wave Theory: We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction: HOWEVER - I expect the bulls to be ready and sweep...
Using a Technical Indicator here which I use mainly to determine trend swings from a macro perspective. At least for the short term, SOL is bearish. We've lost a long standing trendline that has held since October 2023, which is around the time that the bullseason started. This will all largely depend on what BITCOIN does in the short term - more info on...
SHIB has just flashed a dangerous "SELL" alert. This indicator is highly accurate in higher timeframes, especially the weekly. Look at all the "SELL" signals and how far the price drops after: From a trendline perspective, SHIB HAS to stay ABOVE the current support line (Fibonacci line 0.236). If it falls under, SHIBA will be at risk of falling to the dotted...
Let's do a quick recap on Bitcoin. I rediscovered a fractal from a post I made a few months ago, which compared BTC price action to NVDA price action after making an ATH. Currently, there is another Bitcoin fractal based on the M-Pattern and we take a deep dive into how far this correction could go. I'm labelling this post as "short" simply for the lack of...
📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. In my previous updates, I've mentioned the two scenarios that I foresee for BTC after reaching a new ATH. The one was a correction, and the...
Trading can be like... following a diet🥨 You need a clear plan, but also some space for cheats. If you're prone to jump-in trading, have some funds available for it - trading should be fun! Take that risk. But plan for it. If you've spent your 10% high risk capitol for the month/quarter, then that's that. - Look for Fractals Fractals in higher timeframes such...
Continuing this analysis on the previous one; we see a double top form in the daily as well as the weekly timeframe after the price lost the 50 day moving averages. In the previous analyses, we looked at Elliot Wave theory and a potential new ATH price zone. However, there was one risk even at that point - the M-Pattern. This pattern is BEARISH and usually leads...
This post is not aimed at meme coins but instead at projects that were once titans in the crypto space, or coins that just didn't live up to their fundamental promise. I'm not saying you can't win with these coins, you can obviously win with any coin if you swing trade when there's volume. This post is more aimed at bag holding - and the future prospects of...
Request up to three alts that you'd like analyzed! Here are some I've analyzed recently: 1) CRONOS / OKX:CROUSDT 2) BNB / BINANCE:BNBUSDT 3) PEPE and TOAD / BINANCE:PEPEUSDT MEXC:TOADUSDT 4) Solana / KUCOIN:SOLUSDT 💎 And just a bonus on how to trade NEWLY Released altcoins: ____________________________________
BINANCE:BTCUSDT 👉 Trendline Analysis: BTC has been consolidating directly underneath the resistance zone - BULLISH 👉 Candlestick Analysis: Three white soldiers in the 2W timeframe - BULLISH 👉 Technical Indicator Analysis : Price has cooled down after being "Extremely Overbought", moving averages holds - BULLISH Technical Indicator Monthly...
Missed the rallies? Don't worry! Here's a list of alts that still has BIG UPSIDE Potential! 1) CROUSDT / OKX:CROUSDT 2) LINK / BINANCE:LINKUSDT LINK is 53% from the FIRST TP point... and still an incredible amount of upside beyond this point: 3) MATIC / BINANCE:MATICUSDT MATIC is about to retest a very important support zone for the third time, and a...
BINANCE:BNBUSDT Binance coin / BNB has recently made a new ATH 💥🚀 And the price doesn't seem to be ready to turn around just yet. How can we gauge the next possible targets AND retracements for BNB SHORT TERM? 1) Bollinger Bands Bollinger Band Strategy is excellent to use on lower timeframes, especially when combined with Fibonacci zones. The yellow dot basis...
COINBASE:CROUSD Cronos is an altcoin that I've been bullish on since the beginning for the year, and we've already seen our first two TP Point (Take Profit Points) hit, UP +40%. The good news is that CRO still has HUGE upside potential, with the next TP +100% from where the price is currently trading in accumulation zone. In the 4h, we see a clear reversal...
Choppy markets are identified by low volume and sideways trading / range trading. It seems uninteresting in most cases, but you don't have to sit around and wait for the next big impulse wave! Here are three plays YOU can take during choppy markets: 1) 4H : Short Resistance Chop trading can be a blessing - the price often touches the same support zone and the...
BINANCE:PEPEUSDT 🐸 I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far. Assuming that corrective wave 3 - 4 (current wave) retraces as low as point 1 (BUT NOT LOWER), this put's our formula roughly as...