MarcoOlevano

MarcoOlevano Updated 

BTC dominance is breaking down which is often the sign that the alt season is about to start a rip roaring rally. Technicals suggest the kiss good bye could see bitcoin lose further dominance in the crypto space over the next few days and weeks which should see money flow back into the alt space.

MarcoOlevano Updated 

If you look at the relative chart of Bitcoin vs. the SP500, you will notice this is an area where we generally start to see the crytocurrency outperform against the stock market. Some might argue the Nasdaq is a better comparison, but interestingly enough both relatives look very similar. Also notice how every time the relative of the RSI reaches 35, we tend to...

MarcoOlevano

Nice technical breakout here with two targets based on underlying patterns. First target approx 5.50, then 6.30

MarcoOlevano

Quite a big confluence level here on twitter. We have the yearly pivot, 61.8 fib as well as the 200 day ma bands which are all intersecting at these levels. Monitor closely for a bounce to transpire from this oversold chart. Market doesn't seem to have been to happy with the announcement of previous CEO Dorsy stepping down

MarcoOlevano

Alibaba has peaked its head under the 2018 weekly swing low which is concerning. However on the positive, there does seem to be some degree of bullish divergence with the RSI not making a new low.. so there is potential for a bounce, but bulls will really want the weekly candle to close back above $130 to have some sort of comfort.

MarcoOlevano

Chart looking good, 3 successive higher lows and now back above the 200dma. Needs a close > $125 to break out the channel we have been stuck in for the most part of 2021. Demand for chips and related products manufactured by TSM should continue to stay elevated

MarcoOlevano

Audius is close to breaking the solid downtrend resistance which has been in place since the highs in August. With a myriad of positive news surrounding the token coupled with a technical break, we could move to $4 and retest those previous highs

MarcoOlevano

Apple once again failing at its resistance trendline which has halted price on previous occasions. Nice reversal yesterday with some follow through today

MarcoOlevano

If history repeats... We could see a strong bounce transpire from Twitter shortly. Just like the last set of results in April where we saw a gap down and then a slow consolidation downwards.. In both these periods, as we see currently.. price has formed divergence after a sustained downtrend consolidation. If history repeats we could likely see a strong bounce...

MarcoOlevano

Finally, after consolidating within this box structure all year, small cap stocks have broken out and look to have at least 10% upside from the breakout level before the full channel target is reached.

MarcoOlevano

Break of this triangle has a projected target of 68k. After consolidating since the 25th October, the price has finally resolved higher out of this triangle and we would foresee the move to reach the measured target of 68k in the next couple of days

MarcoOlevano

Nice retest of the breakout area. Consolidating and holding above the 50dma for the 3rd successive day. RSI still strong and with the 50dma > 200dma, i expect the positive trend to continue higher shortly..

MarcoOlevano

Two targets in play here. Short term 460 from the most recent flag breakout, and then 580 from the large channel/wedge breakout

MarcoOlevano

Buying the breakout here, with a stop loss below $5.93 and a target back to top of range @ $12.00. The breakout is accompanied by two days of massive volume which adds a lot of credibility to this setup imo.

MarcoOlevano

Massive inverted Head and Shoulders Break of neckline taking place now! We should see another 25% upside here at least in order to reach the formations target

MarcoOlevano

The total market cap of the alt coins (TOTAL2) has now risen above the neckline of a bullish inverted head & shoulders formation. This break should take alt coins up another 21.5%. Very bullish!!

MarcoOlevano

Raydium, the automated market maker and liquidity provider built on Solana for the Serum DEX is once again bouncing off a critical support level @ $9.00. Great level to get a long with a stop level below. Once the downtrend at $10 breaks, i think this goes back to $16+. Also note how the 40 RSI level has held this up as support previously.

MarcoOlevano

Nice Cup & handle breakout with a test of the breakout area holding for now. if the C&H target is achieved it should go to at least $64