Mansasuma

Mansasuma Updated 

- dealing with a possible ATH SFP here - looking at the 3D time-frame, with stoch momentum exhausted, RSI reaching overbought territory and most importantly volatility being very low it is possible top longers are about to get smoked - a correction anywhere between the 0.382 and 0.5 fib is possible - nothing confirmed at the time of writing but it is likely that...

Mansasuma Updated 

- one of the more tricky analysis since technically BTC could be in a HTF downtrend so looking for very high upside targets is not the best idea - that said, there are some interesting developments here: 1. PA has broken the very clear downtrend line 2. S/R flip just recently confirmed on the 4H time-frame suggests the bull strength is real 3. perhaps most...

Mansasuma

- trading within what appears to be a descending broadening wedge for the last year - with ETH likely heading towards at least 2.6k for a mean reversion play, it is very likely Maker is one of the coins that benefit from ETH strength the most - target of the formation is SUBSTANTIALLY higher

Mansasuma

- Bitcoin dominance has been in a relentless uptrend - 3D RSI now hitting levels that historically have resulted in at least temporary pauses/pullbacks in trend - should this materialize I expect alts like ETH, Maker, EOS and SUI to do very well

Mansasuma Updated 

- clear downtrend in place - low volatility suggests a big move is around the corner - monthy resistance acting as, well, resistance - first target is around 500$, could eventually go as low as 400

Mansasuma

- first ever White Stripe present on the 3W which is a very high time-frame - Eth has experienced a more than 60% drop ever since the highs with no real relief inbetween - at the very least, a strong bounce to 2400, 2500 is expected - there is also the possibility that this is THE bottom before eventually Eth makes new ATHs, possibly this but probably next year

Mansasuma

- complex inverse head and shoulders on the RSI present and confirmed - a relief rally to one of the fibs is expected to happen in the next three - four weeks - more than a 100% move, should it happen

Mansasuma

- has been down only ever since the top with no real bounces inbetween - with btc likely heading to at least to 92k from here but possibly even new ATHs, SUI should obviously follow - potential falling wedge in place, not the most perfect one but good enough to consider it an option

Mansasuma Updated 

- for the past three months, Litecoin has been forming an extremely clear daily range - now trading below range low and, furthermore, range low has been re-tested and rejected as resistance - target almost 40% lower which implies a strong downside move is around the corner for the entire crypto market

Mansasuma

- of course, economic recessions and a stock market correction/crash are two very different things but in this case it does seem like both are probably connected seeing tariff implementations against basically the entire world are hardly productive in an economic sense - with March´s close, the 3M candle closed as a BEARISH engulfing - SPX to fall at least to the...

Mansasuma

- after breaking the magical line of 2000$, expectation was that the final capitulation for ETH has started - that did not happen however and ever since that 2k break, bulls have consistently shown strength on low time-frames - with the recent S/R flip, it is likely ethereum and by extension the entire crypto market gets a relief rally - Bitcoin could go all the...

Mansasuma

- there is a reason this bull market cycle hardly felt like a bull market at times and that reason is ETH underperformance - with bitcoin breaking down, it seems likely the two year long underperformance for ETH is crowned with a single capitulation event that wipes out even the strongest of believers - price action in an ascending broadening wedge, same goes for...

Mansasuma

- complimentary analysis to my last one: - it is unusual for ATH breaks in crypto to get re-tested, let alone violated, forming a deviation - this, so far, looks like a macro deviation/failed breakout and, pending weekly close, the most logical downside target would be erasing the entire Trump rally and taking liquidity below - a move of that magnitude on TOTAL...

Mansasuma Updated 

- follow up on this analysis: - this range has been forming for the last three months and with this latest move, Bitcoin is very close to confirming a much larger move to the downside - HTF volatility at rock bottom (comments) so the firepower for a big big move is present

Mansasuma

- Solana weakness is dragging down the entire market and especially its ecosystem related coins - JUP has been testing a single demand block for a long while now and the more time demand is tested, the higher the chances it breaks - ascending broadening wedge on the RSI (bearish pattern)

Mansasuma Updated 

- bearish distribution pattern - a lot of the alts are in this exact same pattern (Algo, Doge etc.) - pattern confirmed with a daily close below 70 cents with a target of almost -50% lower

Mansasuma Updated 

- one of the extremely, extremely few altcoins that actually trades constructively - perfect retest of range high

Mansasuma Updated 

- follow up analysis on USDT D. chart I posted yesterday - the two have an inverse correlation so if USDT D. is making new all time lows, Bitcoin is making new ATHs and vice-versa - with USDT D. threatening a range breakout it therefore makes sense to watch for signs of weakness with Bitcoin itself - yesterday´s rejection happened right at the 0.618, making a...