TheWolfOfAltStreet

TheWolfOfAltStreet

To date, we are still in Bitcoin's consolidation period. With a support downbreak in recent days, panic is hitting the markets. Bears howl for 61-63K. Only, I don't expect us to tap that zone. I expect 64k to be the bottom of this dip, and we are in for a massive breakout. With all this bearish sentiment in the markets it's almost too funny for words, but we are...

TheWolfOfAltStreet

Bitcoin may be making a mega reverse h&s pattern on the day timeframe. If we bounce from this level in the next few days, you can expect the market reversal to kick in here and BTC to be at a new ATH soon.

TheWolfOfAltStreet Updated 

After my previous 2 render ideas (which turned out well) it was time for another update. Render broke through its support zone of $8.80 yesterday and is currently trading around the price of $8.30, just like Bitcoin failed to hold its support yesterday. I also just posted a bitcoin chart indicating that the markets are most likely in a big fuckery with shorts...

TheWolfOfAltStreet Updated 

Good morning everyone! Bitcoin appears to have broken its consolidation down last night and is currently trading below this pattern. What I think is going on right now: Bitcoin has been in a 100-day consolidation (the yellow lines) and has tried to break out of this several times in the past 2 weeks. The longer the consolidation, the more violent the outbreak....

TheWolfOfAltStreet Updated 

As promised, here is a mid-term update on RNDR. After perfectly hitting our 5$ target from the previous forecast, I now expect a small correction after a prolonged rally of RNDR as shown on the chart, but we are not bearish at all. Have you not been able to get in yet? Then use this small correction to stock up on your mid-term bags. Next year I expect a new ath...

TheWolfOfAltStreet Updated 

This time a very simple chart, on the day timeframe. After the top of the 2017 bull run was broken at a price level of 20,000, we can clearly see that the next bull run has been kicked off. In my view a clear scenario of resistance becomes support. I therefore expect that the bottom for this bear market has been reached and I personally buy my long term bags here.

TheWolfOfAltStreet Updated 

Hi everyone! At the moment the market can simply be called boring. And not that this is strange, since a sideways movement is something we often see after a halving. A period of drawdown, building up overleveraged short positions that will serve as liquidity to pump bitcoin further. That is exactly what we can now find in the market. We can find both a bull flag...

TheWolfOfAltStreet Updated 

Hi everyone! It's been a little while since I shared the last update with you, but here we are. Currently, most of the trades are in a short position against bitcoin. But, we are in a bull market and have currently corrected around 18%. It is normal for Bitcoin to make corrections of around 20% in a bull market. I therefore expect one of the following...

TheWolfOfAltStreet

Expect a little uptrend right now for BTC. The head & shoulders should play out

TheWolfOfAltStreet

Waves looks good. The channel has broken out from the lowest support lever. I'm long!

TheWolfOfAltStreet Updated 

What I personally expect is that BTC will reach 47k for a small moment. After this, I expect a small sell off as we head towards the BTC halving this year. A sell off before the halving is something that almost always happens. After this sell off, I expect the bull run to start. It promises to be a bullish year!

TheWolfOfAltStreet Updated 

Shorting an uptrend is never a good idea, but SUI should make a small correction here, which seems like a healthy price development to me. If we combine this with the head and shoulders, I think this is a small and nice short opportunity.

TheWolfOfAltStreet Updated 

At the time of writing, ETH seems to be preparing for a nice bullish move. My expectation for the upcoming bullish move can be found in the chart. Let's see ;-) ....

TheWolfOfAltStreet Updated 

I think it's funny to see how small market moves can drive people to panic. A simple symmitrical triangle like in this chart, combined with the bullish trend, the overwhelming volume on altcoins, it is easy to say that we are far away from bearish. Of course, Bitcoin must experience a correction again, even in a bullish trend. But I don't expect that point to...

TheWolfOfAltStreet Updated 

For me, charts tell the whole story here. After an inverted head & shoulders (which in itself is a nice indication of the continuation of the trend), RNDR now forms a symmetrical triangle. Combining this with the bullish sentiment of RNDR, the strong fundamental strength of the project and taking into account that altcoins are currently experiencing a small rally,...

TheWolfOfAltStreet

And now it is also KAVA's turn. After a very long bearish period, the chart is starting to come alive and KAVA seems to be creating a double bottom W pattern here. Looks good!

TheWolfOfAltStreet Updated 

Simple chart, but a very strong indication of a new ATH. Good risk/reward ratio. I expect this idea to work out.

TheWolfOfAltStreet Updated 

BIIS is a BRC20 token that was introduced on KuCoin a few days ago. BRC20 tokens in general are in a lot of hype right now and almost all have printed a minimum of 20x. After the listing of BIIS on KuCoin, a falling wedge was created. After the breakout of this falling wedge, an inverted h&s immediately forms on the charts. 2 beautiful patterns that make it clear...