As you can see on the chart, Bitcoin has formed most of a head and shoulders pattern, although it has yet to break down to form the right shoulder. It is possible that it will retain the uptrend, but if the price reaches $60k this could indicate a major pullback. If the pullback does occur, my target levels would be around $50k, as that has been a heavily traded...
As you can see on the weekly charts, both XLM and COMP have formed inclining breakout patterns. If the current bitcoin support holds, this could be an opportunity for smaller coins to make massive runs, and these two coins are some of my favorites. They are far off from all-time highs, but the bearish trend has stopped for both and they seem to be emerging into a...
As shown in the chart, the current crypto revival and bitcoin run shows many similarities to the massive growth of 2020-2021. It has consistently been overbought on most MACD/RSI-style indicators, and in both scenarios CRYPTOCAP:BTC forged a new all-time high with very few red days. Bitcoin has currently broken down the local support, and on smaller time-frames...
After reaching an all-time high, Bitcoin has pulled back, and despite seeming bearish, the pullback has stopped at a fairly significant local support level. In addition, we have seen strength in Ethereum and many other cryptocurrencies during this pullback, and on the BTC chart we have formed two hammer candles and what appears to be a bullish engulfing candle...
As you can see in the chart above, Uniswap has found support in a previously significant price range, around $12.70. In addition to that, the 4h chart appears to be making a bull flag pattern in this pullback, and the price has also pulled back into a significant fibonacci area, between the .5 and the .618. These indications could mean that wave 5 is coming soon....
The QQQ has finally pulled back into the 50% retracement, which could potentially indicate a reversal coming. In addition, we see an ABC elliot correction wave that looks to be fully or nearly fully formed. If the 50% breaks to the downside i would anticipate a continued selling pressure. Good Luck! The 50% has been important in the history of this index as well:
In this quick video, I break down my technical analysis of BTCUSDT , which obviously will likely lead the Altcoins markets in a potential recovery. Of course we are trending bearishly at the moment and it is definitely possibly that we will continue to push downward into $30k. Please note that this is not financial advice. Good Luck!
BTCUSDT has formed an inclining wedge pattern, recently breaking out of it, which could indicate a shift in the trend. I am waiting for a retest to potentially enter long. Good Luck!
CHRUSDT has formed an inclining wedge pattern, which could lead to a large move to the upside if a breakout occurs. Good Luck!
After massively selling off, ADAUSDT has broken the previous swing high, which also happens to be a major area of resitance. This indicates a potential trend shift to the upside. I am watching for a minor pullback to retest this zone before $ADA can potentially move higher. Good Luck!
BINANCE:FTMUSDT is near all-time highs and has broken out and retested short-term highs on the 4h chart. This could play out as a solid breakout-retest, which could lead to a pump in the price, potentially breaking out into new highs. Good Luck!
In this video I break down my current thoughts on the cryptospace and my short watchlist of some altcoins that I think show a lot of potential upside if the crypto market starts to recover. Obviously there are no guarantees here, and if Bitcoin and Ethereum start to drop, these coins will likely drop as well. Please note that this is not financial advice. Good...
BINANCE:BTCUSDT has been underperforming lately, falling into the $40k range once again. The stochastic is starting to show bullish momentum, and 40k is a massively important structural area, but at the same time we see a death cross ensuing as the 50 MA dips below the 200 MA. If this 40k zone holds, Bitcoin and the rest of the crypto market could potentially...
As I said in my crypto watchlist vid yesterday, SHIBUSDT looks ready to break out of this short-term resistance level at around 5665. If we see a break of that level, it would create a new higher high after a period of consolidation, which often indicates a bullish trend taking over. From there I anticipate a large surge in buying pressure. Good Luck!
In this video I break down my watchlist of 28 coins this week as well as go over my technical outlook for bitcoin and ethereum. I think that the current crypto market presents a massive amount of opportunity. Please note that this is not financial advice. Good Luck! My Watchlist: www.tradingview.com
ETHUSDT has broken down a very important trendline and now looks in need of a pullback. I am targeting the $4200 range for this potential pullback, as that was the previous highest close. Good Luck!
BINANCE:MATICUSDT has broken out of the inclining wedge pattern and has now retested that area of previous resistance. This is an extremely bullish setup for Polygon. I think that we could see a new ath within the next couple of months. Good Luck!
VETUSDT has broken out of this inclining wedge pattern and now is retesting that former area of resistance. This is definately a massive opportunity, I think we could see a new ath within the next couple of months. This is a coin where I see fundamentals and technicals lining up almost perfectly. Good Luck!