Watch the video, hopefully it is self explanatory. If not - drop a message down below! TL;DR Short term I think Bitcoin will consolidate further, in an extreme move we could even see prices below 20k. But if that happens, I expect it to turn out to be a bear trap. I don't think we will see another low for Bitcoin. Even though we are likely heading lower in...
ADA broke to the downside and could reach the 50% RT at 0.2345, which is in confluence with the triangle target. Situation would relax above the 38.2% retracement - then I would expect a run up in the UC Premium Weber Channel to 0.9058. But for now the chart paints a rather bearish picture.
The whole metaverse story is still underperforming in an already weak market. SAND still in a clear downtrend, no sign of strength yet. *If* we break above 0.842 the recent low might turn out to be a potential double bottom and we could as a first step see a run up to 1.35. Otherwise I expect continuation to the downside.
Chainlink might be a huge outperformer in the next crypto bull-run.
WAVESUSDT in a potentially interesting support zone at 3.30-3.55. Weekly/Daily trend still down though, no confirmation yet. 4h looks a bit better with a little break higher already, but shouldn't go below 3.27 to generate momentum. Bullish Confirmation > 3.79 and especially 5.27.
We might be in an expanding Flat and bottoming now with an EDT in wave 5 of c . Strong long above $60030. Preferably one more low in Support Zone #1. Good zone to look for reversals. Below Support Zone #2 the next target would be 43300
Artnet with nice reaction at the support cluster consisting of Weber Channel Low 61.8 Fibo Retracement 1.272 Fibo Expansion We've already seen a gap up on the daily exactly from this level. Good risk reward based on my analysis. Target: New ATH
Elrond not onyl strong agains USD, but also against ETH. Very bullish sign, since we are in an overall crypto bull market. I expect EGLD to outperform quite substantial. Signal generated by my Weber Channel Signal. Might publish one day. For now I will just publish every now an then signals, when they occur.
Among my friends and acquaintances, I have been known as a Tesla perma-bull for years. So far, this has been quite a comfortable position. Today, however, I noticed something in Tesla's macro chart that has me a bit worried. On the one hand, my Parabolic Exhaustion Indicator hit the alarm at the high in both the Daily and Weekly. This alone indicates with...
Volume didn't follow the new ATH in #Bitcoin So far we have the potential danger of a double top In addition to that, the current monthly outside bar is still bearish, with a top at 59595. IF (!) Oct closes below 59595, we could fall back into range with a first target of 48k In contradiction to these points: A new all time high is generally a buy signal ...
Pivotal News Point: Gap up on good news Bounce on 50% fib retracement Bullish divergence in RSI Good risk reward ratio
The chart of Hyuandai presents itself very strong with a freshly activated long signal. The Weber Trend Suite provided a perfect support line (green horizontal). Additionally the chart formed a bullish divergence to the RSI. After the first leg up, the price consolidated in a bull flag and now we see the breakout. The conservative trade has a CRV of 3 (target...
We saw an extended consolidation in price as well as time since the all time high. Now the stock has formed a bottoming pattern and is starting a breakout attempt. We could see a violent sympathy move following Tesla (as SolarEdge and Enphase already did) with a new all time high.
I published these levels a while back and we see XRP respecting these support levels time and time again , each time with increasing volume . We could still be in the phase of building a bottom , which can take a while and price could go sideways for a quite a bit here. But these levels are superb for trading and for longterm entries. But I'd sell if price...
Everything noteworthy mentioned in the chart . After waiting almost 2 years, XRP is finally arriving in the sweet spot area for a long attempt. Spotting these algo levels functions pretty damn well in the futures market, and it seems it works with crypto as well, have a look how exact the levels are respected. And these major keylevels are known since Dec '17!...
Very volatile in the before mentioned short zone/cluster, and now with the FED announcing lower interest rates... could be bullish on first glance but if you ask me market participants see that as a weakness and a kneefall to trump. Could actually see a sharp decline today IMO.
Next resistance cluster, I'll try to short in that highlighted area
Hey guys! Little Update here! XRP is precisely at the procyclical buy trigger I highlighted a couple of days ago. If we can break this level to the upside the party might begin. Fasten your seatbelts. Best, Phil