Just as everyone is holding their breath about BTC and if it can break above 10500 to ignite a bull market, ETH is struggling with it's average price for the past 2 years once again. If we do break this resistance there are massive opportunities ahead as next major level a whopping 30% up and the next really really major one is all the way 70% from where we are...
If you have been following me you'd see that Pinky (140 SMA) is quite the serious moving average especially on the daily for BITSTAMP:BTCUSD . I don't see us breaking it up anytime soon to be honest (hopefully I'll be proven wrong and we all go to the moon and beyond) but I do believe that we will test it this week. After a rejection from it I think we will...
Everyone is aware of the recent drop of all markets. Here is a rather simple and quite obvious chart showing some possible targets where things can get to normal and back to bull. Hopefully we will not go to the 2009 lows ;)
This is a weekly chart on BINANCE:LINKBTC What I expect is for Link to have a bad March and get back down to its previous resistance which was hard to break for 32 weeks and confirm it as support. It might spend another month in this region for accumulation and then go back up. I personally would be accumulating LINK for sure in this area of 0.00031 and I...
I am proud to say that one of my followers requested me to make a chart for the first time! It's a big milestone for me :) Shoutout to @dgknsmk for following my charts successfully (quote). Thanks man! So, the thing is that many of the crypto charts look almost identical. I personally try to publish only charts which I would act on and to be honest at the...
KRAKEN:XRPUSD seems ready to rock! I have never in my life bought any XRP to be honest, but I did saw the chart and thought maybe its time for a short term trade on this shatcoin. RRR is 4.6 if you take profit at 33 cents
I shared 1-2 months ago a chart for WAVES and it played out pretty well ... I think its time for another leg up for WAVES now. Check out the related ideas below if you want to see my previous prediction.
We will take the yellow path or the red path, but those are basically the levels to watch. A bounce is upon us.
Alright, lets see if it holds now :)
You probably think that the 200 Daily MA is at $8840, but that's not the case if you look at the CME chart. This chart holds lots of significance to price action and if you look at it now it seems possible that we drop to 9100 level the most, but if we see a good bounce from there - it's probably going to be the real deal. The RSI level which holds support while...
For all of you who are keeping alts and hoping they pop back up, please be aware of this chart. It's extremely likely at this stage that at the minimum few weeks BTC Dominance will be on the rise. Watch the yellow trendline and the 140 MA on the 3D chart - if they both get broken - then perhaps we are in for a major alt season as BTC Dominace makes its way down...
As you can see on the chart the current situation is almost identical to the period of 25 April - 5 May 2019. The next step was quite the explosion in price, so perhaps it will happen again this week?
You can see the significance of the $365 level for ETH as well as the 70 level of the RSI. The resistance above ETH right now is extremely strong and after a 9 consecutive green candles on a weekly with Stoch above 90 pointing down it looks like at least 2-3 red weeks are due for ETH. Granted that at the very moment ETH does look a bit bullish, so a pump higher...
My analysis is actually a bit deeper, but I couldn't have the nerve to make it all in one chart, but in its essence I think we will see $222 well +/- $5 in the next week or two. Lower prices are very much possible too, check my related ideas. Thanks!
As of the way price is moving today I do feel like this is an extremely likely scenario. We drop to the 8.4 - 8.9 zone and we blast from there. If we fall below 8.3 ...things would look a lot different. This is about 1:9 RR which seems pretty nice to me
Let's suppose that we are actually going into a bull market... As you can see the 2017-18 rally had 5 massive pumps which had bigger corrections and they have some similarities in the RSI as well as their respect for the 55 EMA on the 3D chart. Based on this analysis if we do have a sharp decline and we bounce hard from the $8600 level while bouncing off the 52...
If we do break this pattern then this correction will play out longer. I'd suppose for the rest of February it will be playing out. However let's look at the case where we do get a pump in the next 12 hours. If this happens and we pass 10200 - I'd be very bullish. If we get rejected around 10100 - I'd still expect us to drop to the lower levels around lower...