The bitcoin market operates in repeating cycles, like clockwork. The left chart shows Bitcoin's performance in April 2019, after a significant increase, taking it out of a capitulation range. The right chart displays the current situation, and the strategy so far has been straightforward: just look at history. If the cycle repeats, we can expect a breakout in...
I have been following this project for a while now and I still think this is going to be one of the best alt coin buys in this bear market. Technicals NOIA coin topped out nearly one dollar in April 2021 after a 30000% move. since then we have been on a decline line like the rest of the market and has retraced nearly 97%. 97% is a massive overshoot in my...
Check out TA below to catch up on the latest. Will 30k be the new 6k for Bitcoin ? So far the cycle is repeating and a extension to 30k would not be too surprising at this point. Last cycle we had 6k as support for a very long time and when it broke capitulation hit shortly after. This cycle we had 30k as support and when that broke , capitulation hit. The...
Chainlink was one of the coins I get wrong in 2022 , you can check out that invalided TA below : Where does it leave it in 2023? , its been tricky placing Gann Fans and Trend based Fib time tools on LINK because the RSI hit multi times at the same level so did the price. LINK hit 5.3 dollars five times over the last 252 days but never closed under , it seems...
If there is one place i will be putting a chunk of my portfilo in studio right here. For anyone that doesn't know this studio created video games based on the witcher series and also developed cyberpunk 2077 that released in 2020 when the stock was at all time high at 458 dollars. To think this stock is 80% down is mad , CD projket red have began a partnership...
If we take a look a the RSI on a monthly for the SPX 500 over the last 70 years we can see a pattern emerge , the RSI level 42.30 seems to be a very important level where many rally's have started. Over the last 70 years price has bounced off this level 10 times including the last bounce in 2022 , once price bounces off this level it signals a multi month...
A while back i posted this TA on CULT DAO Check it out. I have been accumulating heavily at these prices , I think this project is a ticking time bomb, its baked into the code , its undeniable that over time supply will shrink and one day there won't be much cult to buy. At the moment we are in a triangle and since October 2022 we have formed a very nice...
In April 2022 I posted this TA below. It turned out that triangle in that TA was the pico top of this year and i believe now we could be on the verge of a major breakout. This ascending triangle could be just as important as that TA at getting a great entry. So we have a ascending triangle , I love these patterns in Bitcoin they have one of the highest hit...
Well god dam , nice to finally see a bull flag pattern :) Breakout target to the upside would be 17750 Bull Flag Pattern (67.13% Success)
This one is pretty straight forward here , short trade based on bearish divergence formed on the 12hour time frame , we also in a ascending wedge. There a lot of mixed signals at the moment so will be setting a tight stop last swing high 17400.
This is a follow up to the TA below. Have a look at that one first . So here we are a month later and Chain Link is on the verge of a major relief rally with only 48 hours from a massive weekly and monthly. My predictions so far spot on . Let's take a look at the structure on the weekly and monthly The weekly has been making lower highs since June and the...
ETH is in a rising wedge and we have a bearish cross on the 2hour MACD with bearish divergence on the histogram. Why the short well take a look at the TA below , this is a high risk trade . Stop loss 1235
Why would you want to trade in any other market but this one? There never is a dull moment , its always exciting , always giving us curve balls time and time again. This year are streak at marco predictions is over , it was good run you can check them out here below. I was so sure that the bottom was in , there was so much evidence that infact it was in ,...
This is a really high risk trade but I like these springboard patterns they have high hit rate for me. Every time LINK has dropped under 5.8 it has been bought back up pretty quickly. The 12hour time frame has caught these divergences pretty well and we just confirmed another one with the last candle. So what do we have : 1. LINK extreme oversold zone RSI...
Just a small update on Bitcoin , the price has infact made new lows but the RSI has not and this is very bullish. When we get these sort of divergences when the RSI is around 30 it is our signal that we are close or at a bottom. I layed a ray line from the bottom of the weekly close in 2018 and aligned it with he bottom of the March 2020 ,which then gives us...
I have been using this descending channel for couple of months now with great hit rate , not really a perfect descending channel but lets just say its a channel that has many confluence points . Since March 2021 there has been a total of just six times this signal has printed bullish divergence , that's right 6 times. When the RSI is below the 50 mark and we...
High risk short trade here , bearish continuation pattern , target of a breakdown of this triangle would be 13.8k. Volume declining rapidly. 1.618 Time Fib hits in 3hours and 15mins from this TA , that's 5pm UTC +1. 13.8k target is a interesting number because it is infact the 618 level from the last cycle . Which could drop down to his zone. There many...
For months I have been saying on here that the bottom is in for Bitcoin we will not see lower than 17.5k, the whole year I had been on point with every macro move until this week. I still believe that the bottom would have still been in if it wasn't for FTX black swan ,below you can have a look at that TA , which is now invalided . Everything was going...