BTC has failed yet again to close a 3D candle above the $71.3k resistance leading us on a large liquidation hunt back to to the $68k level currently trading above $69k. Our post a few weeks ago outlining this extremely important level can be found here: Right now it seems like we are testing the old resistance that was flipped into new support as new support...
Here is an update to our previous post: We have been monitoring a successful breakout for BTC. We were watching for our top orange trendline to be flipped from old selling pressure into new buying pressure. So far, this seems to be the case as we have has MANY retests of this level and a follow through to the upside everytime. This morning we have seen one...
BOME continues to show strength both on the price chart and on our strength index. We see it has continued to hold its uptrend (orange trendlines) and until those trendlines are broken, we should see continued upwards movement.
Yesterday we made this post analyzing our pennant formation. Today, we had the breakout followed by multiple retests of our orange trendline theoretically flipping that into a new level of support. So far, on the lower timeframes we have seen this level hold. If we continue the break higher our most important level is going to be a close on the 3D above...
Btc has 3 days of squeezing left within this pennant formation on the 4H. Most likely depending on the macro market outlook on Monday we will see a breakout the the upside which would lead us back to the key $71.3k level or back to the FWB:65K level if we breakdown. Very important pattern to watch for short term price action. Will keep you updated.
Wanted to highlight DYDX as the month as it has some very important patterns forming. The chart on the right is the monthly and the chart on the left is the daily. Let's begin with the monthly chart. The key level the bottom was created at is the psychological $1 level (white line). This is the most key level of support for DYDX on the macro. We just formed a...
ETH just had over an 8% liquidation hunt to the downside. The chart on the left shows the zoomed out daily (with our two important trendlines) and the chart on the right is a zoomed in 2H chart showcasing the firesale wick we just printed. This happened exactly as the clock struck 3:00 CT, so maybe it was news related, but I have not found anything yet. What I...
Just wanted to highlight STX as it is an asset that should experience additional growth this cycle with BTC. Today, Grayscale announced it will be adding NEAR and STX. This shows a few outlying themes with institional interest in altcoins. One is building on top of BTC (STX) and one is related to AI scalability (NEAR). Looking at the weekly chart for STX our...
With the recent ETH etf hype, I thought it was time to check back up on my SOL/ETH chart and as expected there have been some major developments. Based on the chart it looks like ETH with take back the throne and out perform SOL for the time being. What this chart shows is that we have seen major supply (or Solana being converted into ETH) in this red box....
Due to recent price action it has given us the most important level to watch. This is a vital post to comprehend and understand to maximize gains. The chart on the left is the candle stick chart on the 3D and the chart on the right is the line chart. Let's begin with the line chart (right). Here we can clearly see Bitcoin's most important level on the 3D is...
Here is an update to our previous post where we predicted the bottom for TSX:RLB was in. That post can be found here. This post did mark a short term bottom as TSX:RLB rallied almost 74%! Then we hit our resistance trendline as labeled "current resistance" in the post found below. Which caused price to create a lower low. Now we are back with a...
BTC has currently climbed to test and potentially break above the key resistance outlined in this previous post: If we are able to have a successful break above, the measured move would lead us near SWB:69K with and additional target of our previous ATH. Keep in mind, price did have a previous failed breakout above this trendline before so its very...
Just wanted to leave this chart here with the two most important trendlines drawn out in the short term (white lines). There have been many touchpoints of support/resistance (green/red arrows) validating these trendlines so keep your eyes on this chart.
Right now the weekly chart seems to be the most important thing to watch for when this bearish momentum will stall out. If we look at the RSI there are two very important trendlines to watch (green and red). The green is currently the most important and has market BTC's RSI low since June of 2022. The red trendline will come into play in the future. We also...
Here's what to expect next based on current price action. The most important trendline to watch for upwards momentum back in this market is the orange trendline. This trendline has represented many touch points of where sellers came in and have created multiple tops since BTC's all time high of $73,800. We also saw a breakout above followed by a failed breakout....
Here is an update to our previous post: Currently we have seen ETH perfectly test our trendline of old resistance flipped into new support. Right now ETH is creating the perfect structure to begin a leg higher. CPI is tomorrow which will have a big impact on PA. Will continue to update these posts as price develops, but for right now structure is holding well.
After our strong breakout yesterday, we were expecting a retest of our symmetrical triangle pattern. We have gone a little lower than a perfect retest, but I believe it is to fill the gap we created on CME. A daily close above our trendline would indicate a successful retest of our symmetrical triangle and also a successful liquidity test of the CME gap.
Here are the main things you need to watch in relation to the ETH/BTC pair. Weekly symmetrical triangle (white trendlines). Important level of support (yellow line) also 0.236 of current FIB trend. Weekly RSI Bullish Divergence (same/lower low in pair vs higher highs in terms of strength). If we break above our resistance level of our triangle then our expected...