JaMoonBoy

JaMoonBoy

KAS is showing some good strength by consolidating. Its slowly creeping across, with the logarithmic regression line coming up to meet it and the moving averages levelling out (NB: my MA's are set more for scalping). Going to be interesting to see what happens now between here and the halving. It could be preparing for a BIG move up. If it drops below the...

JaMoonBoy

Will we see further retracements in BTC (blue) and the ALTs (yellow line shows alt market cap minus BTC and ETH) before or around the halving? The green line allows us to look back 4 years to the previous bull cycle and pinpoint price action/market structure changes. Of course, looking at previous price action and market structure doesn't always have a high degree...

JaMoonBoy

It's always shaky business making projections off of a logarithmic regression band with so little data, given that the Kaspa token is still relatively young. Will the current crypto drop drag KAS down to the logarithmic regression band (roughly coincides with 0.618 fib and previous short-lived buying zone) at $0.088 today? Or will it drop further to the 0.786 fib...

JaMoonBoy

I know this irks some crypto investors and moon boys, but I believe there will be at least a 20% correction in the market before or around the time of the halving. Not only has this happened before but generally its a healthy thing for the resulting bull run as it flushes out weak liquidity and can filter poor projects. KAS is currently showing strength by...

JaMoonBoy

Ever felt like the markets are manipulated? That there are hidden forces manoeuvring prices this way and that, like puppeteers pulling the strings? Regardless of whether this happens or not, the capacity for centralised exchanges or market makers to do so is most definitely real. Enter decentralised exchanges and more pertinently, Injective Protocol. INJ is a...

JaMoonBoy

SOL is lining up to be one of the stars of the next bull run. The community is growing ever stronger and with super cheap fees and spritely block processing/transaction speeds, its shaping up to be a phenomenal layer 1 (down time not prevailing). With the markets digesting the ETF approvals, and the potential for downside up until and including the halving...

JaMoonBoy Updated 

MYRIA is playing with the 0.618 retracement; could it be looking to break to break-out of a short term down trendline? Alts might be a bit fishy at this time as the market tries to figure out the ETF news, however there is a lot of buzz around Myria at the moment. I suspect it will breakout but then consolidate along the long-term uptrend line, until the market...

JaMoonBoy

Always dubious drawing a trend line off a fast impulse spike, but could be two scenarios today. a? or b? Of course, it could also continue to consolidate.

JaMoonBoy

Is KAS about to break out of the descending channel? Will likely need more volume, but lets see. I fortunately have my KAS bags packed from mid 2023; if I was looking to get in on KAS I would be cautious at this time to buy with alt coin weakness, and uncertainty around the BTC ETF. IF it comes down to green support areas, and especially if it tanks it to the...

JaMoonBoy

Today, for ICP it opened below the ascending trend line but now looks rosier on the linear window by breaking back above. It also shows an uptick on the moving averages (admittedly my MA's are optimised for scalping not investing or swing trading). On the logarithmic, it broke through, closed below and is now re-testing. Next 24 hours could be interesting, and...

JaMoonBoy

As with all trading systems, there are no guarantees with technical analysis. The ascending channel may not be the best-fit or may be a curve rather than a straight trend line, the instrument may not be following a logarithmic progression, the markets may completely surprise us with more powerful fundamental news etc. With KAS today, its playing with both the...

JaMoonBoy

Despite its extremely fair launch, large community of HODLers and organic growth so far, KAS was hit hard by the recent small drop in BTC, as evidenced by the very short-lived spike down. Here, it picked up liquidity and positions at the aforementioned (see comment on previous post about KAS) ascending trend line. Where do we go from here? Well KAS, like ICP,...

JaMoonBoy

ICP really is in price discovery at the moment, trying to shed its (frankly unfair) 'scam' title. It's either....one of the best projects in all of crypto with a vast, dedicated team that has one of the loftiest of ambitions. If they achieve it, it could revolutionise the way crypto operates.... Or, its just another overly ambitious project that will struggle to...

JaMoonBoy

For those who were'nt DCAing before: Confluence between logarithmic ascending channel lower level, fib and previous consolidation area. I don't see it happening with BTC pumping atm, but if there is a pullback this could be a good place to pack your bags.