Many people have been confused by this Bitcoin cycle. Here I offer a different perspective taking into consideration both the halving dates and US Interest Rates. Keep in mind that interest rates tend to have a lagging effect on the market. Observations: - Slightly lagging behind interest rates higher rates seem to suppress Bitcoin's upward movement. Cause...
The first sign we got when RSI started breaking trend then we just got confirmation as price broke trend on daily as well. Let's see how high this cycle takes us.
EGLD is down 55% from it's ATH and is approaching it's descending resistance from it's base. We should see a breakout very soon.
I see bullish divergence in Stochastic Index and what I believe to be the same fractal pattern occurring from the last time BTC hit all time highs before going on it's bull run.
Keep an eye on the volume for a fakeout. If volume remains high we could see a huge movement on CVC 23 - 63% Entry: 0.605 TP1: 0.7401 TP2: 0.9800
Short take profit smacked! Now we are looking for our long entry for the golden bull run. Buying at 54 - 53k now is like buying BTC at 30k back in July.
Alien Worlds BINANCE:TLMUSDT coinmarketcap.com Cup and handle formed on the 1h chart. If we can get a small push from BTC we will see a breakout soon otherwise buying at support. If you haven't heard about this Metaverse game with a Play to Earn game model you need to check it out. This is a neat game project and has a lot of potential. alienworlds.io
With BTC dumping right now I've got my eyes out for the next big breakout. Often times right after BTC dumps and starts recovering one of the alt coins breaks out and first indication of that usually happens when you look at the coin compared to BTC. I'm still waiting to see what happens here but eyes are on AXS right now.
24 hour trading volume is up 102.35% at $557m while DYDX has a Market Cap of only $875m Their next epoch is on December 21st giving us 18 days before 3,838 (at the time of writing this) more coins hit the market. It's price has retraced 59% from it's high when first was listed on Binance and has bounced off it's support at $12 twice with a 44% gain the first...
With the news from Africa about the new COVID variant Wall Street has been selling off. CBOE:VIX is on the rise and both CME_MINI:NQ1! and CME_MINI:ES1! have been tanking. You can clearly see the strong correlation between the CME_MINI:NQ1! and BINANCE:BTCUSDT over the long term although they have their divergences. When we look at the lower timeframe...
BTC is crashing the party. Quick short on SOL back to entry. It's moving really fast already. Anticipating the inverse cup and handle to break down and have my short entry from the double top. Then we will go back to longing SOL for the big breakout.
MANA lost support and is quickly breaking down after a small pullback on BTC. Does this mean trouble for the whole Metaverse? Could be the first sign that the bullrun is over for the metaverse.
Yield guild is breaking out and the upside is huge. This is a great new coin that's only been on the market for a short time but has great fundamentals behind it. Check it out and get in on this great project. No TP or SL on this decide for yourself. It's pumping massively as I type this.
Solana has just started to breakout on the lower timeframe. I expect it to continue because of the announcement of a SOL ETF Solona ETF announcement
Entry for MANA looks good for trying to catch a breakout from the wedge it's been developing for the last week. Keep close eye for rejection at the top of it's wedge or break down for a short position. This is pretty much the same pattern we see on SAND and ENJ as well.
I'm not a big fan of ETH (right now) because it's fundamentals have been less than impressive with the ETH2.0 merge not expected until 2023 and gas prices being insane right now due to NFT demand causing such high transaction volume on the chain. With that being said there's been a lot of talk about it getting ready for a big move by some amazing traders and if we...
BTC has formed a bull flag after hitting resistance at 58k. Next breakout to 59300 or more. Continuing the bigger predicated movement in previous trade idea.
Long ADA It's been moving inside this wedge for quite some time now. Strong support found at 1.50 Entry: 1.60 TP: 2.01 Stoploss: 1.4 Not the greatest Risk/Reward but still a decent trade.