Bitcoin bull is trying hard to defend the previous month/week low around 91,000 region. If a daily candle closes below that line, all momentum indicators are likely to enter the bear territory. In that case, I have to accept the probability that the price can come down as low as 73,000 area (Fib 0.618). But my bias for Bitcoin is still upside so I am going...
As expected the price bit the sell block around $220 and started to come down. The daily candled reached the previous week high, rolled back down, closed below the previous month mid, closed below previous week mid and closed below $202 which was the strong resistance line in March 2024). Daily MACD almost entered the bull zone and both RSI and Stochastic are...
I was anticipating the price to continue to move up higher when it broke above the previous month high. However, I need to acknowledge that the daily RSI is showing a clear negative divergence. 4H MACD is also starting to dive into bear territory. RSI and Stochastic also are pointing downwards. The candle closed below 1.2932 zone (strong resistance/support...
Bitcoin is approaching the critical area. The price has retraced from $108k (ATH) on 17th Dec and retraced to $91325 retested the previous lower low on 26th Nov. The priced started the upside move to Fib 0.5 Level which is also the previous month mid price zone and it is now hovering over the previous week's high. The 4H candle needs to move decisively and...
My most conservative way to enter long based on technical analysis: 1) Daily chart 2) Identify the prolong range bound area and draw Fibonnaci line 3) Wait for daily candle to clearly break and close above Fib 0.786. 4) MACD crosses above 0 line, 1st green histogram shows up5) both RSI and Stochastic (9,3,3) cross, point upwards in 50 zone. The price on Nov...
Nosana has been struggling to go above $4.45 area since Oct 2024. There is a large sell block sitting above it. However. MACD and RSI in the daily chart are entering the bull zone and the weekly stochastic has crossed and is rolling back up entering the bull zone. The price still needs to go above the previous week high and the previous month high, but I...
Further to my previous post, Scout is starting to form inverted head and shoulders. It is not confirmed until the price actually breaks and ideally retests. But the chart is looking good for long entry.
The price is moving inside the descending wedge pattern. The price retraced to Fib 0.5 level and is hovering over EMA55/. Stochastic is starting show positive divergence. If the price breaks and closes above the top descending trendline and ideally it also closes above the previous week mid price, I will add a position.
The price dropped below the previous week mid and the previous monthly high. Currently the price is hovering over EMA55 and Fib 0.618. MACD lines are widely apart and diving into the bear territory so the price correction is still in progress. However, 1H momentum indicators are starting to form positive divergence and moving its way out of overbought...
I just published my analysis on BTC. The set up for Solana is quite similar to BTC. The price broke and close above descending trendline. All momentum indicators are starting to move upwards. However, when I analyse major cryptos such as BTC, ETH and SOLANA, MACD seems to be the most reliable indicator to analyse the direction of the price (for me at...
Beautiful chart! The price has retraced to Fib 0.618, consolidated in that level and now moving up. Momentum indicators are in the bull zone. Anywhere below 0.6 is a good entry point if you are not leverage trading. I bought this asset between 0.43-0.47 zone in the last few weeks. I intend to hold it until SUI is going to have the next major correction. ...
Since reaching its ATH on 17th Nov, GOAT has been moving downwards in the descending parallel channel in the daily chart. However, there are some signs of recovery: 1) MACD is still in the bear zone (below 0), however, the MACD lines clearly crossed and now pointing upwards; 2) RSI also still in the bear zone (below 50), but the lines clearly crossed and...
Daily RSI had been forming clear negative divergence since 30th Nov. The price broke the previous month high and daily candles formed the bearish engulfing pattern after. In the scenario like this, I usually close a trade or take a partial profit. However, Virtual is one of the most sought after infrastructure AI tokens, therefore, I need to take...
I have been waiting for the price to pull back, but there seems to be no sign of slowing down. Momentum indicators in Daily chart are overbought territory, but MAC lines are getting wider and wider which makes me think it will continue to go up. Stochastic and RSI in 4H came down to 50 zone and and rolling back up again. I started buying the tokens from...
The price has been moving parabolically since the end of Dec. The price reached ATH on 2nd Jan and it has been oscillating between $1.9 and $2.5 region. ai16z is the most sought after AI infrastructure token, therefore, instead of looking for a short opportunity, it is better to look for a re-entry area to go long. I will closely observe how the price will...
When I analyse Bitcoin, I really focus on MACD. I don't trade Bitcoin. I use technical analysis to find a good entry point to buy Bitcoin. I use the following conditions to find a good entry point to buy Bitcoin: 1) MACD lines are properly crossed and the angles of MACD lines are pointing up in a daily chart. Almost crossed is not good enough. The...
The price has been consolidating since 21st Dec. Since 25th Dec, the price had been consolidating in the descending wedge pattern. It broke above it, retested, the top descending trendline and bounced back up. Now, the price is about to break previously week high. All momentum indicators in 4H and Daily are signalling the price to move up. ai16Z and...
Scoutly AI is Solana blockchain project that offers AI sports betting analysis. A lot of micro cap crypto projects usually hit ATH and retraces substantially (80%). I wait for momentum indicators (MACD, RSI, and Stochastic) to go into oversold territory and come back to the bull territory to see if the project will survive (battle tested). Scoutly AI just...