We can observe a successful world cup campaign for algorand in a bearish market causing furthur downtrend in the price. currently boucing around 11cents. Algorand has the potential to pull a 100x from its bottom over a long enough period of time. current situation is bullish for Algorand for a 7 to 10 x increase in price.
taking into account it could be a broadening wedge. this position look like a very good Risk vs Reward kind of play. Next immediate target could be around the 0.42 region
the current price action we are in, lacks volume to be a believable crash. most likely scenario is we start climb back up. we have had our halving dump. thats it and thats that
Fundamentals : Last couple of months, there have been very good development with Algorand, though its in the shadows, its been ringing a lot of bells. Month June was the highest ever number of transaction Algorand processed. Algorand is constantly in touch with the banking system and it does look like this project is going to achieve what XRP could...
Ethereum Classic looks ready to move. entered the buy zone. after breaking support, need to test top resistance on the large timeframe.
Just adapting to the market and the current geopolitical situation. this could very well be a left translated cycle for real unless we crash. current 12h to daily structure shows something similar to this. however, this is just an idea i am publishing to not lose it in my head. not to be taken seriously
Matic has been stuck in a triangle since 2021. now in 2024 we have a FRESH breakout + retest. check. and check. Bullish if we can hold above triangle for the rest of the month. Monthly candles have a very interesting higher low as well.
Something is cooking for this asset. it has been on a consolidation for such a long time. it looks like TA will be invalidated here if some major news comes along for this asset. the consolidation has been too long for this asset to not explode. Respected trendline since bottom with the exception of 1 2 wicks but price was scooped back up immediately. Weekly...
Considering the previous history of the SPX. it would actually not be something strange if there is a world event that causes a major massive blackswan to liquidate all the small traders and get them out of the market totally. institutions do not play with small players. they want all of it for themselves. this is NOT financial advice. it is just ideas that...
If the coin goes back into the channel. consolidates. it will become bullish. spot position only. too far from a good entry. breakout players paradise.
This is the current gaming narrative in the crypto sphere. since entry is high. stop loss should be very tight. or simply play the move spot position. since this project is also REWARDING in various ways for holders and users. this could shape out to be something that brings exponential gains. HODL Chart is following fractal of BTC USDT 2017 bullrun
just a random thought about what potential structure bitcoin will have for the next coming years
this is a macro view of bitcoin NEW bullrun which has started. i was semi bearish until the retest of the ATH. there will be a lot of shaking but we need to get accustomed already that Bitcoin, Le Bitcoin is bullish. ps. ignore the sell zone wording. forgot to remove it from previous chart.
usually there is a pre pump before halvening. then a drop. then a furthur breakout pump to new ATH. i personally think btc will consolidate somewhere in that range 40-60k ish. then distribute. and finally reaccumulate THEN break ATH. may take 1 year AFTER halving.
This is the 2nd time BTC.d has broken the trendline and this time it was a deeper drop. it may rally one more time creating panic in the market. or drop fast because the market is kind of desperate already
the original idea about ETC USDT on my profile is still and will continue to be valid IMHO. however, meanwhile, i am trying to analyse what could be the possible play in short term timeframe. 4h timeframe appears to mimic a similar structure we saw back in 2018 for BTC USDT.
EtcUsd has entered a perfect buy zone. accumulation should be done heavily as breakout is soon to happen.
Based on recent information, the chart shows a potential top of the loss of Turkish Lira value against the US Dollar. The chart on Daily timeframe is a classic WallStreetCheatSheetPsychologyofaMarketCycle