MontyMacht

MontyMacht

UNI's chart looks healthy unlike some other altcoins. The up and down trend lines are almost parallel and very prominent. Since the beginning of the bullish rally in December last year, the support hasn't been violated and its pretty fast upwards. I expect this support to hold ofr the upcoming few weeks even if I expect the Crypto market to have a major correction...

MontyMacht

For a quick intra-day trade, BSV seems to be running out of gas at the moment as OBV is consistently downwards and RSI needs to recharge at the bottom end. For this to happen, and based on the analysis of the Fib retracements as well as the trend lines. the prominent support looks to be at 390. Otherwise, the price would crawl slowly along the current resistance...

MontyMacht

Taking another view at NSDQ100 to support my previous linked ideas, now I look at the daily chart with a broader range, lest we miss the forest for the trees. The zoomed-out daily chart provides important insight about the most powerful trend lines and there prominence, transformation, and demise. It is more suitable for longer-term outlooks, but it may also be...

MontyMacht

We are not there yet. The pitchfork analysis shows that we are still in the normal range of the main bearish trend. However, the price is now resting on strong support which is pushing it up, as indicated by the green Fib spiral. Until it reaches the point of intersection with the resistance line, there will probably be no momentum to go higher as the RSI would...

MontyMacht

BNB is facing fierce resistance from an old trend line that connecs the last 1 major peaks across 2 different bull cycles. So far, it failed to penetrate it twice and the momentum is decreasing accordingly. OBV is showing almost horizontal levels despite the increase in the price, while RSI si signaling decaying momentum. In face of this resistance, there are 2...

MontyMacht

In this chart, I am confirming the idea I published a few days ago setting a price target for 46. We have been almost there at 44.4, and maybe it would prove wise to have had the profit taken at that stage, yet the analysis shows that the bull has still some breath left. The current minor trend fits perfectly in an ellipse as shown. This is an indicator that it...

MontyMacht

It might sound logical that BTC should go up quickly, since ETH is shattering one ceiling after another. ETH will have to rest and someone should take the helm and not leave the Crypto ship to the young and unexperienced DOGE. However, BTC is recovering from the last stroke right now and seems to need some more rest. Metaphors aside, the graph shows that BTC is...

MontyMacht

Fundamental analysis indicates a rewarding buy and the past year wouldn't have disappointed, exceeding the market average with steady growth. However, as the market approached the GameStope Squeeze, amid the buying frenzy of the beginning of the year, SOLARIA hit the ceiling, tried to revive the trend again back in the day of the squeeze, and then gave up to a...

MontyMacht

TSM is an excellent stock when it comes to the fundamentals of the company, yet, it has experienced a major slowdown recently. Analyzing the speed of the growth based on the latest two major bullish trends, the COVID-19 trend and the one before it, one can identify the median range where we stand right now. The Fibonnaci Speed Fan analysis also takes into...

MontyMacht

It might be hard to believe, but DOGE's price movement is more influenced by BTC's price than Elon's tweets. As the graph shows, there is still a tight coupling with the father of Crypto coins, albeit with a significant lag and much higher magnitudes. The lag almost disappeared in the current cycle, given the slowdown of BTC, and the magnitudes will probably...

MontyMacht

Since December, amid the beginning of the second lockdown, a second wave of raging bulls emerged, which culminated with the GameStop short squeeze. Ever since, the market is still in bullish mood, but the rage waned a little bit. This is the same when it comes to Crypto. As the comparison with SPX500 in the graph shows, there's a high degree of correlation, higher...

MontyMacht

CAD is otally coupled with the price of oil, which is the major factor in this currency couple in recent times. The fact that EUR gained a lot during the first COVID-19 lockdown was mainly due to the price of oil going downwards. This was evident as well during the recent Suez canal blockage, which started a new bullish run for oil and a pull back for EURCAD. Yet,...

MontyMacht

Here, I am using several retracements, trend lines, and extensions to build the case of a short-term buy position. First, the graph fits beautifully in the pitch fork trend, showing that we are currently at the median resistance of the bullish trend. To see whether we will go up or down from here, I used several Fibbonacci retracements at different time frames,...

MontyMacht

As indicated in the 1D chart, we are on the 138.2% Fibonnaci extension. The next extension level is around the 3150 price and is not a harmonic resistance, so to speak. This means that the current level should provide a strong resistance and a high chance of turnover. The harmonious nature, evident by multiple Fibonnaci retracements across different durations, is...

MontyMacht

Using my favorite chart for bear spotting, the 1W chart with Bollinger Bands, it is easy to find bears in sight below the BB median for for months. It is very rare that a month would pass with such a setting and the market doesn't turn bearish. It happened, though, recently with the COVID-19 lockdowns in March last year, and what we thought would be a bear turned...

MontyMacht

Whether it is selling a CFD or merely moving money from ETH to BTC, the short term for this cross is pointing downwards. This is because ETH and BTC are at very different points in the day graph: * ETH is in overbuy range while BTC is almost touching the oversell. * ETH just hit the all-time high amid diminishing market, which increases the tension downwards. BTC...

MontyMacht

As I expected before in a previous idea a couple of months ago, BTC and Co were heading to a flattened curve after the incredible gains and broken records in the past months. It came as no surprise to me because I am an avid follower of the 1W chart, which, for BTC, I believe is the most important one. The thing is that when gains are so high and so rapid, charts...

MontyMacht

Currently and since a few days, Etherium (even the classic one) is up, while Bitcoin and co are unprecedentedly down. The gap between the two movements is the widest in favor of the former since long time, and is definitely the most telling given the recent moves. Technical indicators are even showing that BTC could find support as low as 45K. Of course, this is...