What will happen in the coming weeks for BTT. On the log scale, it's a little easier to see whats happening. I do not believe this coin is done at all. I think it's just getting started. Tron has made some amazing moves this year including Century Mining, APENFT partnership, which will also utilize BTFS. Wait and see if we will find support on the 200ma.
Don't let FUD take your eyes off BTT/USD. The names involved in this company TOWER over any other crypto. Let the memes lead the blind. This is a once in a lifetime opportunity.
Taking a look at ALGO/USD, it looks to be completing the C wave of a Bullish Bat Patten. Normally, I don't necessarily like to trade harmonic patterns, gartleys, or bats in the crypto market. It is a good tool for really technical traders who want to find a spot-on target. However, the crypto market is too volatile to expect such things. So I tend to stay away...
Hey guys and gals I wanted to give an update to my idea for BTCST/USD (first idea tagged). My first idea was that we had already broken out of the symmetrical triangle we have been in since the 1:10. After seeing how it's behaved it looks to STILL be within this pattern and I have updated the chart accordingly. Elliot wave analysis: We are in wave 2 currently...
Take a look at the monthly RSI for DOGE. Have you ever seen a coin nearly top out at 100 RSI? Apparently, the DOGE faithful have been lead into believe that "all money is a meme" or "yeah it's a shitcoin, but every coin is a shitcoin." This has never been more incorrect. Some cryptocurrencies have developed extremely great use cases with great networks. The people...
I've said on my show a hundred times... Tron will shock the market. Against USD Tron has been stellar. Bitcoin not so much. Some of you know in the last several weeks, TRX had it's breakout of it's years-long downtrend. The downtrend line is labeled yellow. This came after a fake-out back in September 2020. Elliot wave analysis: The first 5 sub-wave structure...
BAT/USD is looking really good from an elliot wave perspective. A beautiful 5 wave structure topped out around $1.64. We are currently correcting. It's a bit too early to tell what our wave 3 target will be. We will need to see where corrective wave C falls first. If corrective wave C hits the main trend line (yellow line) , then we can make the assumption that...
The chart speaks for itself. The possibilities for this coin are endless. That's not always a good thing. You should never have to walk blindly in this space. For a coin to react so ferociously to tweets, shows me that Doge is very unstable. For the Doge faithful, let them make their money. It may even be a nice chunk of change. But it will never amass to the...
This monthly chart analysis of Verge requested on Twitter. It's been a painful one for Verge holders as Verge is one of the better known pump and dumps. HOWEVER, a lot remains to be seen and there could be relief on the way... if you are willing to be patient. There's good news and bad news. The good news: Verge is essentially bottomed out... after a long 3 year...
It's becoming very clear that Digibyte is in fact one of the most undervalued cryptocurrencies in the market. Against the US Dollar it is looking good. Against Bitcoin there is an area of concern and big obstacle that DGB needs to overcome in order to reach new highs. This is area is the 300-315 Sat mark. As you can see historically, this line was once a support,...
Reef Finance (Reef) is a great opportunity if you are looking to get a Defi token on the cheap. Check out my other USD chart for info on Reef. Elliot wave analysis: Reef looks to have had its initial impulse wave 1, and is currently finishing out its corrective wave 2, these two waves are located within a large bull pennant. With another impulse and breakout to...
Just as we were starting to see TRX/BTC gain some momentum, it looks like we may need to take a further breather with the USD pair. I would absolutely like to be wrong on this one... but it wouldn't be a bad idea to stack some more TRON at lower prices. We all know where this company is headed. Of course we want to wait for the neckline break. Either way, the drop...
Although the outcome of the XRP v SEC case remains to be seen, XRP looks bullish as ever against BTC. Let's take a look. Elliot wave analysis: After an accumulation period from Feb '21 to now... XRP has shown a solid 5 wave elliot structure, all part of a larger cycle wave 1. I have labeled the larger structure as light green so show the macro level. Wave 1 has...
I''m starting to see a market-wide trend. We are getting prepped for a solid wave 3 through-out the altcoin market and Cardano is no different. After doing 10 or so charts in the last few days, there seems to be a common denominator, wave 3. But in this case, we will talk Cardano (ADA). Cardano made some headlines earlier this year after it became the 3rd ranked...
Alright. So we have to get rid of this idea that Bitcoin and other alt's can continue these magnificent runs. When it is all said and done... you can ALWAYS break these charts down into cycles and so forth. I had mentioned previously on Twitter that BTC was way overdue for a correction. The 5th wave extended and held on for dear life as mainstream buyers could...
A few weeks ago I did a segment on my show (links on profile page) about Reef Finance. This may be the perfect opportunity to get in on a low cap Defi coin like Reef. They have recently formed a strategic partnership with TRON (TRX), one of my favorite cryptocurrencies. Not only this, but they are powered by Polkadot, who has recently become a top 10 project. Reef...
LTO is looking very bullish at the moment. As you can see from a FIB perspective, we had a very bullish bounce off the .618 in macro wave 2 correction. The RSI QUICKLY reset for further bullish momentum. With good volume, I would expect wave 3 to target the 1.618 fib level which would put the target at about $1.26. Profit taking can take place at previous high and...
Alright folks so my last BTT idea was closed out due to the recent market sell off. I have now updated it and it is looking even better. The red line indicates the failed trend line from the previous idea. Green line indicates new trend line and also forms a symmetrical triangle. I have posted the measured move ASSUMING it breaks out exactly at the apex. So this...