DragonCaoB

DragonCaoB

Dear my friends, Observe the 1-hour chart of Moondeng: after spectacular price breakouts, when hitting strong resistance on the daily timeframe, the price begins to correct. I checked the RSI, and indeed, there’s a strong divergence here. The RSI is almost absolutely overbought. I tried drawing Fibonacci levels to identify potential retracement points. I decided...

DragonCaoB

Dear my fiends, In this section, shorting is very risky, everyone. However, after looking at the price movement chart of Virtual/USDT, I’m quite interested in the 1-hour timeframe. Because when drawing the extended Fibonacci, I see it has reached an absolute peak. I’ll try using Elliott Wave to find the price correction area. I’ll only draw short correction waves...

DragonCaoB

Dear my friends, I’m observing the Layer chart on larger timeframes. And when switching to the daily timeframe, my perspective becomes quite clear. With the RSI having dropped below support along with a divergence between price and RSI, I’m seeing two support zones that the Layer price might return to: $1.18 or $1.09. I’ll short here and wait for the price to move...

DragonCaoB

Dear My Friends, It must be admitted that the current market is very bad, as most investors' assets are being significantly divided. Information is chaotic, and many accounts are being liquidated. What else is there? FUD and more FUD are enveloping the market, causing fear, panic selling, and exits. And I, too, have been hit while holding DOT or LTC. However, my...

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Dear My friends, When looking at the WIF chart, I wonder, where is its bottom? The current price is even lower than when it was first listed on Binance. So, since I don’t know, I’ll just analyze it. And I’ll start from the bigger picture. When I zoom into the daily timeframe, everything seems clear to me. Take a look at the daily chart, and you’ll see that a...

DragonCaoB

Dear My Friends, The Auction is making a very strong impression on me, as it is going against the current market trend. So, I decided to observe Auction’s chart across different timeframes. On the monthly timeframe, it didn’t give me a clear perspective, as the indicators provided conflicting conclusions. I then switched to a smaller timeframe, the weekly chart....

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Dear my friends, This year, the market feels strange. BTC keeps soaring while altcoins keep dropping. Do you sense the irrationality in play? Take a closer look at DOT. A significant volume spike has appeared, reminiscent of the conditions during the price surge in 2021. The time interval from this volume breakout to the subsequent rapid price increase is also...

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Dear my friends, It's time to board the SXP train again. The downtrend has been broken, with a series of green candles on the weekly chart. The target is to break the $1 USDT zone, and from there, we’ll go far together! The RSI is entering the overbought zone with a stable upward trend on the weekly timeframe. Here’s another coin with a robust decentralized...

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Dear my friends, The market last week was really volatile on smaller time frames. Leveraged traders have liquidated most of their accumulated assets. Then, the market continued to be drenched in red at the beginning of the week. However, is there really a need to worry that much? Let's look at the weekly chart. We have seen BTC, the king, show its absolute...

DragonCaoB Updated 

Dear my friends, After closing the XRP trade to wait for the next opportunity, I continued searching for coins with favorable entry positions. My attention turned to SYS, a coin I previously shared, where many of you hit target 1. I'm still waiting for a chance to enter for the next target. This time, everything seems clearer. First, the volume is significantly...

DragonCaoB Updated 

Dear My friends, I may have overlooked DOT. Watching BTC's strong growth in recent days, alongside the major coins soaring, I’m reminded of XRP from my previous analysis—it has broken out and is on the rise. As I continued to evaluate other coins, I noticed DOT in comparison to BTC. I discovered a divergence between the price and the RSI indicator on the weekly...

DragonCaoB Updated 

Dear my friends, What is happening to us? When new money flows into the market, what is its purpose? Does your company have more money, so it can grow or will it go backwards? Do you have more money so you can comfortably spend more or do you have to tighten your belt? I look at the market and I don't analyze the charts at this stage. I just want you to understand...

DragonCaoB Updated 

My friend, as I mentioned earlier, the market is overbought and greed has escalated, so be cautious. I believe the market will undergo a correction, and I have discussed the rotation of capital flows. Why do I think that will happen? Because I am observing the market on a weekly timeframe. It's clear that the weekly candlestick close has confirmed the breaking of...

DragonCaoB Updated 

Dear my friends, The market is currently a sea of red, with the prices of most coins in sharp decline. Recently, I’ve been focused on Ripple’s chart. At the end of September, I observed its total market cap breaking out of a downtrend. However, the price drop caused the market cap to snap back into the triangle it had just exited. Some might say this is a false...

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My friends, I continue to search for another coin that has yet to show significant movement amidst a market filled with optimism for investors, especially with the explosive growth of XRP. I am looking for a coin tied to the decentralized finance (DeFi) sector. With these two criteria in mind, Alpha has caught my attention. What drew me to this coin wasn’t a...

DragonCaoB

Hello My friends, In July, I discussed the XRP and BTC pair, specifically mentioning that XRP would regain an advantage over BTC after observing XRP breaking out of its downtrend relative to BTC. And as you can see, it has risen. At present, we are seeing a correction; however, the breakout has already occurred, so the upward trend for XRP is expected to remain...

DragonCaoB Updated 

Dear my friends, Recently, I've been hearing a lot about Ethereum ETFs. Everyone is anticipating a breakthrough price increase similar to the Bitcoin ETF. In my personal opinion, this event is not a significant enough catalyst for market growth. There may be some capital inflow, but it won't be as substantial as we might think. Personally, I believe that news to...

DragonCaoB Updated 

Dear my friends, The market has too much confusing information. However, when I look at the weekly window, nothing has changed. BTC.D is retesting the support line on the weekly frame that it was previously broken. What I see is that the downtrend of BTC.D will continue and will go down quickly. On Altcoin's weekly chart, the uptrend is still unchanged. Looking at...