CryptoSyphn

CryptoSyphn Updated 

As we zoom out and look closely at the South African Rand, we see many signs of strength that have been building for some time now. I believe the ZAR and many other emerging currencies are all showing similar signs of strength and in the process of a reversal. While this may provide a great long trade and a short-term boost to the Peso, I fear it will have...

CryptoSyphn

As we zoom out and look closely at the Mexican Peso, we see many signs of strength that have been building for some time now. I believe the MXN and many other emerging currencies are all showing similar signs of strength and in the process of a reversal. While this may provide a great long trade and a short-term boost to the Peso, I fear it will have long-term...

CryptoSyphn Updated 

This small-cap stock is showing signs of accumulation and has some clearly defined hidden bullish divergence. Look good for a nice pushup, possibly even towards its major historical resistance at $23. A weekly close above $5 would be a great start, and a weekly close above $6 would be very convincing.

CryptoSyphn Updated 

This is an update to my previous chart... Observing the Altcoin market over the last few months, we see the alts have made some incredible moves. We've seen Bitcoin Dominance teetering on the edge over the last 6 weeks. The question is, are we about to see a Dominance crash? Last year we saw the Dominance chart broke out of the descending resistance line and got...

CryptoSyphn Updated 

Over the last few weeks, we've seen several large-cap Altcoins start to make large moves. ChainLink breaking its all-time high is typically a good sign we "might" see the rest of the Alts come to life over the next few weeks, "IF!" Link can close above $19.25 by the weekly close. In the past few market cycles, LINK has made anywhere from 200% - 300% rallies after...

CryptoSyphn Updated 

I've posted about XRP in the past when it was below $0.20, a lot has happened since then, including the massive FUD campaign aimed at getting many holders to dump their positions. I honestly believe the MANY bearish headlines we've seen have been simply to instill fear in the market. Being 100% honest, I'm not an XRP fanboy at all, but I simply look at the chart...

CryptoSyphn

Much like we discussed with XRP, Litecoin is also a sleeping giant that is about to awaken as alt season rages on. Litecoin has been forming this falling wedge for over 2 years and has reached a technical level that has served as support in the past. This is a good entry point before we see a potential breakout, and sure towards resistance levels...

CryptoSyphn Updated 

ETH Macro Cycle - A very interesting chart I made in 2020 last year., so far it's held up well. I personally believe this diagonal trend line is fairly important for the ETH market. I also believe we're in the 5th wave of this macro move that has been in the making since 2015. If you look really closely, you'll see that the diagonal line has served as major...

CryptoSyphn

The crypto market has been steadily trending to the upside since we called the $10k bottom. I see many are saying alts won't outperform Bitcoin again, I personally do not agree with that sentiment, and I believe we will see a similar alt market movement as we saw in 2017. Looking at the alt market cap chart, we see the alt market has just broken above its all-time...

CryptoSyphn

I've been bullish on Silver for many years now, but especially since the March dump. On the lower Time frames, it's easy to get caught in the short-term moves, but we periodically need to zoom out and see the bigger picture. This chart is a yearly chart that shows us a beautiful CUp & Handle pattern that has a "potential" target of $100. We don't know how long it...

CryptoSyphn

Observing the Altcoin market over the last few weeks, we see lots of strength coming into the alts. We've seen several signs that Bitcoin Dominance is ready to pull back. However, will we see a pull-back OR a crash? The Dominance chart broke out of the bullish descending broadening wedge pattern, but now we see rejection from the historical resistance level of...

CryptoSyphn

Bitcoin is at an interesting inflection point that at first glance would seem we may dro lower, which is very possible. However, looking closely at the daily chart, we see the indicators are signaling hidden signs of strength that "might" push the price higher 1 more time before we see another large correction. The RSI is signaling a potential reversal signal via...

CryptoSyphn Updated 

Looking at the Ethereum chart, we see several signs of strength that suggest we see a significant increase in price in the coming weeks/months. Much like Bitcoin, ETH has held the 21 weekly EMA for many weeks now, and we see a possible symmetrical triangle-like pattern that a breakout may be in progress. The fact that we are breaking above resistance, bounced from...

CryptoSyphn Updated 

The chart and volume speak for themselves.....

CryptoSyphn Updated 

Well, the long-awaited day is upon us today. Today will mark the highest Bitcoin monthly close AND the highest price to date. Bitcoin is slowly, but surely inching its way higher week after week. Looking ahead, we see Bitcoin has clear skies above and nobody knows how far BTC will go going into next year. If we take and Fibonacci extension from the 2 previous bull...

CryptoSyphn Updated 

For the record, I'm completely fine getting this one wrong, and I will not be participating in this short trade. However, I look at the chart from both perspectives and base my decisions accordingly. I'm a HUGE Bitcoin bull and I love it when Bitcoin pumps, but I gotta call it as I see it for now. The last time everyone was calling Head & Shoulders, and I just...

CryptoSyphn Updated 

Silver has been in a sideways descending channel consolidation for several months. Many are convinced Silver has lost its momentum and will cease to grow, we know this is false, Silver will rise and challenge its previous all-time high in the coming future. We need to see a close above the monthly pivot to initiate a shift in the current trend, followed by a...

CryptoSyphn Updated 

Looking at the Gold chart, over the last few months we've seen sideways action that led to a descending triangle pushing price down through the previous all-time high. Looking closely at the weekly chart, we see hidden bullish divergence and the price has come down to a local support area. Both Gold & Silver are showing signs of a possible reversal, we wait...