Looks to be developing into a head and shoulder formation on the BTC daily chart. If validated, could lead to a very interesting development in Q1 2022 and perhaps be able to pick up a bit of BTC at a discount
Looking at the daily chart, we see a clear bearish divergence. We've recently broken the downward trendline, which many believe will be a major break out to new ATH. However, looking at the weekly and monthly charts, I still have a strong bearish outlook to the short-midterm timeframe. 12/24 we see a bearish pin bar when attempting to break above one of the...
No explanation needed. Think long term and research what the next big thing will be. Trade with care.
BTC has been correcting nicely as expected. I am anticipating one further push downward to the bottom of this rising parallel channel. I believe the last wick will touch levels of ~50,300-50,800 which will land within the golden price range. We can see that selling pressure is still above the 20 MA and volume levels are still favoring the bears. I believe this...
BTC volume has still not broken the bearish trendline. I am looking for further downward pressure and a long wick reaching levels of ~50k. This is where I will open my next long position. FYI: Price ranges and parallel channel based on closing prices (bar chart) for more accurate values, thus why i am waiting for long wick to knock out stop losses. Only then do...
Glassnode blockchain data showing BTC is consolidating and currently sitting on a strong layer of support. BTC could pump very shortly.
Sometimes, the simplest of charts is what you need to get your mind back into focus
I honestly have *no* idea if this will happen, but I really hope alt season isn't over, and that BTC will re-test the lower support range of BTC.D ~36.6. Would really like to pick up some BTC at a discount! Thoughts?
Examining the 1 month BTC chart, it appears BTC is beginning to form a classic bullish AB=CD pattern. Using fractals, we see that the AB leg peaks at the upper long-term trend of previous BTC bull runs. Following the laws of AB=CD patterns, the ideal retracement of the BC leg will be 61.8% - 77.8% of the AB leg. Looking again at the price chart, we see the latest...
The next few hours will be very important in determining if BTC will break out above this downward trajectory or if we will experience another short-term dip
You can clearly see a nice period of consolidation in this bullish pennant. After watching this trend for days, I believe tonight will be the night we continue our journey with XRP
All lights are green for XRP. After making a hard stop at the 78.6% fib retracement level, it has since been trading just as you would expect. After receiving its first Buy Signal since January 1st and downward trend bottom identified by the VIX , its got no where to go except up. You'll also clearly notice the *large* green cloud. The next few days of...
I am rather new to the crypto world, but have been studying charts every waking moment I can. Looking at ETHUSD daily chart, it is looking *far* overdue for a near-to-mid term correction. I want ETH to succeed just like everyone else, but I would strongly suggest looking at taking your profits while you can. As you can see, there are multiple factors that are...
Bull flag has been getting progressively tighter and tighter. DOGE ready for a major break out. Don’t miss out!
The next 1-2 days will be very interesting for BTC. As much as I want to go long, I feel that this recent rally is running out of steam. I predict there will be a short-term correction coming as we re-test $62,000. If support is broken, further drop to $54,000-50,000 is likely.