Se7enSkies

Se7enSkies

Difficult to call it an ascending parallel channel because there aren’t enough data point, but let’s go ahead and call it that for the sake of simplicity. Price has clearly broken below the ascending parallel channel, but the interesting thing is that price is trying to force itself back into the channel even though the support line of the channel is now acting as...

Se7enSkies

Price seems to be struggling to create higher highs at the moment, but at the same time it has held onto the orange support level very well. The more price heads towards the orange support level the higher the probability price will break below the orange support and head to lower support levels. Now if price manages to hold here and creat a mini parabolic...

Se7enSkies

Btc dominance is nearing the top of the ascending channel and for an alt season to occur dominance needs to get rejected at the top of this channel which is around 62% BTC.D has been in an uptrend for 2 years, two months, and two weeks slaughtering Alt Season from left and right. I think the top of this channel will be crustal for Alts. I suggest people waiting...

Se7enSkies

The market is too volatile for me to trade here. I’m an observer at the moment. Not touching anything because I’m a terrible trader. So, the plan that will work for me and the plan that I have been waiting for over 400 days is to wait and sell the red line and buy back at the green line. I’m getting tempted to open up some trades here, but I’m gonna stick to my...

Se7enSkies

By looking at the price growth since 2023, I have concluded that among the top 50 crypto projects (based on Market Cap), XLM has been one of the worst performing “assets” this cycle. I still have hope that it would be a good long term investment. For XLM to be in a bull market, price needs to cross above the orange support line, which may act as resistance first,...

Se7enSkies

According to 2H RSI bearish divergence, it is likely that we may see a retest to 73k. Sometimes bearish divergences don’t work on the RSI like the textbook examples we’re used to, but in this case a healthy pullback is needed for the vast majority of short term traders to open up their longs. For now my next target is around 73k. It is also important to mention...

Se7enSkies

BTC has absolutely hammered ALTS with its steady growth so far. Many of us expected an alt season a long time ago, but BTC has proven most of us wrong. With that being said, if there is an Alt season, then I think it’s going to take BTC.D down very hard. I knowledge the power of BTC, but I still think an Alt season can send Bitcoin’s dominance down to 30-33%. my...

Se7enSkies

Price tried to find support at the red area, it held on well for a short while but price broke below the weak red support area. Price will probably head back to the blue support level. If the blue support level does not hold, then there might be a lot of blood. Stay safe.

Se7enSkies

Using a trendline on the close of the weekly candles we can see a clear breakout. While price has broken out of the downtrend line, price is facing residence exactly at the previous high and a giant bearish weekly candle is printing. I’m 50/50 right now. This weekly candle can be the beginning of a very ugly bear market, but at the same time we cannot neglect the...

Se7enSkies

What you see in this chart is 2 resistance levels that are acting as support now. For this bull run to continue price needs to hold above the blue support level. It is also possible for the price to pull back to the red support level, but I would say it is improbable given the two 4H candle printed on the newly established blue support level. This chart also is...

Se7enSkies

Before explaining this chart I would like to ask whoever is looking at it to zoom in and study all data points (price reactions) touching and crossing the parallel lines. Parallelism is one of the most simple things in math that we learn in elementary school, but the impact of parallelism on human life has been underscored. By looking at the lines the first time,...

Se7enSkies

There are kids on trading view claiming with absolute certainty that ETH is bearish. They may be right, but only after breaking down below the support level, which price has held onto pretty good so far. A wise man once said: sell the resistance, buy the support. There are people on this app spreading propaganda to convince you to sell when price is playing with...

Se7enSkies

The pink level used to be resistance. Now it’s our support level and it has held pretty good so far. Going below this pink level is the danger zone, but so far so good. As long as price holds above this level, the market remains bullish. It is not rocket science and you don’t need to bombard the chart with lines and numbers.

Se7enSkies

I don’t like posting on trading view anymore since it is infested with illiterates sharing their charts. Look at the break out. Look how previous resistance has turned into support and then go teach your uneducated crypto gurus about break outs and breakdowns. The chart speaks for Itself.

Se7enSkies

I will not be bullish on btc unless I see a clear breakout of this pattern with a healthy retest. I think 85k is writhing reach once price breaks out of this structure. Failing to break above this resistance level is gonna be painful so bulls better pray to God price breaks out this time.

Se7enSkies

This simple line (58%) used to act as a major support for BTC Dominance in 2019 and 2020. Since breaking below this support level dominance has not been able to reach this level until now. A major reversal is possible around 58% level since this old support can potentially act as a major resistance level for this cycle. Only time will tell what is to come and I...

Se7enSkies

It’s only downhill from here for BTC dominance. My BTC.D target for this cycle is 29% - 31%

Se7enSkies

At the time of sharing this post XLM is up by 7% and XRP is up by 23%. Yet again XLM is proving that it only exists to be XRP’s bitch and nothing more.