BTCUSDT.P is (finally) up a bit. The weekly 0.618 Fib-level has held as support and now the chart shows three green daily candles in a row. That has been a while... Price also broke the daily (downward) trendline. That's the positive. But on the other hand... Price is now facing a big FVG (Fair Value Gap). Above that the 21 weekly EMA resistance is creeping...
The Crypto Total Market Cap Others chart show that price is above the 21 weekly EMA. Price is also trying to reclaim a quarterly (3M) level of support. Here come the rose coloured glasses again: up from here? :)
The Total MC excl. BTC and ETH (Total 3) has broken a trendline that it has been under for 500+ days. Currently it's retesting an order block/weekly level. The Altcoin Season Index (Blockchaincenter.net) is at 39 and climbing. Putting on my rose coloured glasses: up from here? :)
WTKUSDT just did a nice +70% move. Will be interesting to see where this one goes when it breaks out. For now hoping to buy back lower after locking in those +70% profits.
BTCUSDT support is still holding. The order block around the weekly 0.618 Fib-level is still doing its job. If this holds, than I think the next (short term) targets are: - 27.000 - 29.000 - 30.000
Did a short (Fib-)analyses on bitcoin dominance (BTC.D). Marked out the bigger yearly, quarterly and monthly levels as well. Bitcoin dominance has been in an upward trending channel for about 45 weeks. Just recently it fell through the bottom of the channel. It is now below the former weekly support level and the former Low of Week level. I've drawn a downward...
The Weekly 0.618 Fib level (trend-based Fib) at around 25.787 as posted before still holds. First Trouble Area (FTA/credits to CryptoCred) at 29.360 (Yearly Mid Point) to 30.500. After that the targets for TP are: - 34.000 - 39.000 - 46.000 - 48.000
HNT continues its uptrend. Clearly visible on the daily timeframe. First targets on the chart.
XEN is close to the LoW (Low of the Week). Using the trend-based FIb I've determined the targets for taking proft. These targets have confluence with Daily and/or Weekly levels of resistance and/or EMA-levels. - 195: Daily level/ EMA 50-level (closing in) - 430: trend-based Fib 0.091 level/ EMA 100-level (closing in) - 800: weekly level - 1000: HoW (High of...
25.879USDT next?
BTC seems to have found a level of support, at least for now. Looking at the trend-based Fibonacci-levels on the weekly chart we can see that BTC poked through both the weekly level at 24.297 and also throught the 0.5 Fib-level (23.943) and the 0.618 Fib-level (24.985). The 0.618 Fib-level seems to be holding for now. BTC is also above the daily close of the 15th...
HNT seems ready to move higher. On the weekly timeframe a trendline is forming. The weekly EMA21 just went under the current price. On the 12H it reclamed a level of support (around 1.7-1.75) This is also near the 0.382 trend-based fib-level (1.689 to be precise) Targets are on the chart. First target is 3 USDT. Followed by 3.4USDT. The 3USDT-target is confluent...
BTC flash crashed about 15%. We lost the weekly EMA21. Weekly range (HoW and LoW) is still in tact though. 0.618 Fib level at 25.879 is acting as support for now (disregarding the wick). The OB at 24.300 to 25.250 is holding (for now). If that breaks more downside is to be expected. Target is the 0.786 Fib at ca. 20.000.
MOVEZ just did a casaul +400% in one candle. Might even go a bit higher before retracing. Trying to buy back lower.
Just bought a small bag of XVG. XVG shows a S/R flip on the weekly timeframe. The weekly MA21 is just below the current price.
8 USDT is resistance on the Daily and the Weekly. There's a Trend-based Fib resistance around 7.85 USDT on the weekly. The 7.85 - 8 USDT area is also a "bearish" order block/FTA (first trouble area) on the 8H. "Bearish" order block/ FTA = last green candle before downtrend. It's the area where price has a (relatively) strong reaction to the downside (bullish...
I've never been more bullish than I am now on DERO. Look at this chart and tell me you're not considering aping in like a mad man. Send it!