Is anyone else watching this, if Bitcoin dominance continues to decline while alts take more market share , then we're entering a new altcoin phase imo. For instance, the alt coin dominance may be in the process of S/R flipping a huge resistance. Blue sky break out? Moon targets?
It's been a while! Last year I gave everyone some really great trade ideas. This one looks like it's going to melt faces. UFT has been printing candles in a consolidation range, for some time, under the 21D EMA. Recently we closed our first candle above the 21D EMA and we seem to be headed towards our next resistance around the 50D EMA. Let's talk indicators....
Major Trend currently showing a rejection of the Bitcoin Dominance. If 1D candles close below this trend line I will assume a rejection is underway and prepare for a major Alt Season! Indicators look soft as well. XRP UFT MATIC on my radar. Check out the coins on PayPal ETH, LTC and BCHabc could do really well, not financial advice.
XRP looks strong vs BTC in short term which can translate into long term strength as well. Read my last XRP chart where I called the bottom for XRP, if you want fundamental analysis. RSI is neutral, MACD histogram is showing selling pressure subsiding, MACD is giving us a buy signal. EMAs are starting to tighten, XRP should do well against BTC and USD value...
Matic has ranged for a while and things are starting to heat up, let's take a look. Matic bulls are pushing against the resistance of the .236 of the down fib (red line), while all the indicators look amazing. The RSI hit 26 on the 27th of July, If you look at the charts history Matic usually bounces well off of the 30 RSI area and as we can see it looks to have...
XRP is not my favorite project but my investments are diversified and I think XRP is a category in and of itself (I'm here for the tech and wealth). This is not financial advice, only my opinions based off my personal research. Firstly I love Descending Broadening Wedges, they are very effective for calling bottoms, I have a chart where I called the absolute...
Matic EMAs are bullish in fact the 21 just retested the 50 1D EMA, all the other indicators look just as amazing. Stoch RSI is erect, MACD has crossed over and is bullish, RSI is erect and pointing toward the moon. Matic printing a huge ascending bullish triangle. Matic tokens have been moving into staking lock ups, less supply in the market to keep the price...
Sure this is an 1H chart but you can see the bullish structure in any time frame, I like the 1H here because you can zoom in and see the reaccumulation in detail. In the short term I see Matic returning to the bottom support trend line of the ascending triangle, but from there statistically we have a great chance of breaking the upper resistance trend line of the...
With this being a Bitcoin halving year, I am still overall bullish, I will not flip flop easily on my overall bullish sentiment, like others every dip and pull back. I believe this could be a shake out still and profit taking time but we will see. We found support at 8600.00 BTC/USD area which was sitting upon the 200D EMA. I believe we need to hold this to...
This is my personal analysis not trading advice. I have drawn an "Up Fib" from the inception of the Matic chart to show key support and resistance, you can see now that we are currently hitting resistance for several reasons but I will explain why this is not an issue. First we see that we are butting up against the .5 resistance of the up fib and also the...
Description in the chart. Never trade with more than you are willing to lose, this is not financial advice.
So let's start with the similarities of these two charts.. After the end of the bear market of 2015 we see on the BLX chart that BTC also had a parabolic run similar to the one we are currently having . We notice on the BLX chart that between AUG 19 2015- NOV 4 2015 that the EMAs crossed up and over the 200 EMA and we started going parabolic shortly after, just...
Firstly I would like to point out that I am on a 1H chart, yes I understand that the 1H holds less significance than the 1D and 1W but stay with me, because short term charts bleed into long term charts soon after. I must point out that the 21 exponential (cyan) is now acting like resistance to our candles, when this has occurred in the past the candles have...
First let's take a look at the EMAs, we have a golden cross (50 EMA crossed above the 200 EMA) and our candles are above the 21 EMA = bullish. We will also have the 100 EMA cross above the 200 EMA soon which would be great also. Next lets take a look at the other indicators, our RSI has room to grow pointing upward as if to suggest that it wants to push into the...
With Bitcoin looking to take a stab upwards in it's consolidation structure, we may see some alt coins try to keep up. In this case Cardano looks primed to move with BTC nicely, we can see the 21 (Cyan Line) exponential wanting to cross up and above the 50 (Red Line) exponential at the same time that our MACD is showing buying pressure, suggesting that we will see...
WELL WELL WELL, most people would look at a chart like this and run, not me. Let's break this down like always from a TA/FA point of view. Remember my last MATIC call exceeded all my targets. I must explain that even though this looks like a cup and handle it is not based off old school TA, though it may still result and be traded like a C&H if we rally...
I'll give technical and fundamental analysis. Technical Analysis= In general XRP seems to be creating a falling wedge or one could say is winding up for a large move (generally falling wedges are bullish). The 21 EMA has crossed above the 50 and 100 EMAs, and is currently pulling back to possibly test/bounce upon the 100EMA which would be bullish. If the 21 EMA...
I really enjoy looking for charts that most people might miss. The Crypto.com token chart currently doesn't have as much data as I would like to see in general, but it still has peaked my interest. Lets look at this chart from a TA/FA point of view, and remember my last call recently sky rocketed, can I do it again? Firstly the EMAs will not be a sufficient...