This is an update to the post where we pointed out ROSE was at the top of her trend. Please refer to "ROSE - At Key Level in the Trend" If you go look at that post I pointed out how if ROSE held the top as resistance then ROSE would fall back to her support trendline around $0.06. This is exactly what we have seen play out so far. Rose is being supported on the...
After BTC's brutal collapse, one of the altcoins that has held up best (showing relative strength) is ARB. Due to its strength we expect ARB to be one of the best performing altcoins when BTC gets a bounce. Structurally this makes sense. After ARB created a high and fell to the $1.40 zone we can see ARB is working on flipping old macro resistance into new...
Hello everyone. Today I wanted to make a case for the bulls to hit the BER:33K price target. I would love to see a further pullback in the markets and a longer correction, but the bulls seem to be holding the FWB:29K level at the current time of writing. Therefore, if that continues to remain true here is how I see BTC's price reaching $33k. We have...
Now that we have posted the bullish case scenario for ARB lets examine the bearish case. After we made a new high around $1.82 and had the first major drop, ARB did create what appears to be a bear flag. Price even came back up and retested the bottom of our bear flag as old support flipped into new resistance. If this scenario plays out we would be looking for a...
Hello everyone. Today we wanted to outline the most bullish case scenario we currently see in the charts for ARB. Please note I do not think this is the most likely outcome, but a fun fractal pattern I wanted to point out for the bulls. If we look at our last breakout we notice 3 distinct sell areas on our trendline of resistance then the breakout. With our mini...
We have seen some major volatility of ARB over the last few days. Last night we did break our double top around $1.75, but are still having some trouble holding above it. Here in this chart we wanted to outline some key things to watch for. The first major trendline would be our orange trendline. This trendline has acted as key support/resistance flips and...
Hello everyone this an update to my "BTC - Bullish Case Scenario" post. Btc tested our green box of old resistance that we were predicting would become new support. We did not get exactly the price we wanted at the 21D MA, but after testing that zone we created a dragonfly doji and price reversed back to the upside. Now we can see BTC is testing another extremely...
After recent price action we could conclude price is range bound within a parallel channel. Multiple touch points to the upside and multiple touch points to the downside. Will be an interesting pattern to watch!
Hello traders here I want to outline my personal view on the best case scenario for the bulls. A retest of our $28.5-28.9k zone would be the liquidity zone you would want to see the buyers hold. This would flip our old resistance into new support. It would also be in confluence with our black macro trendline of support and also our daily 21 MA. Very important to...
Our trendline that has been holding as support on the 4H has flipped into new resistance. It is possible to flip it back into support if we can close this 4H candle back above it, but if not then the double top is more powerful. If that's the case a downside move to at least the 0.618 is expected. I have outlined all current fib levels. We can see right now price...
Upon open of this weeks candle we saw a massive selloff to begin the week, but the buyers were there to buy it up very quickly. This leads me to believe that it may have been a liquidation hunt candle before another leg up. Here ETH created a 2H bullflag and broke out, but due to the sell off the bull flag is negated. Although, things may still be bullish as ETH...
On the 4H we see ARB continuing to hold our black trendline with candle body support. As long as ARB does not close a 4H candle below this trendline we could see another visit of $1.70+. The only problem is we have created a double top around the $1.75 level and would need a decisive break above that to have another leg up to around $1.90.
Over the past few weeks OMG has created some bullish structure. The chart one the left shows the daily and the chart one the right shows the weekly. The daily chart we can see price has been supported along our black trendline (green circles). We also have our 200MA (blue) where price has also been finding support. The weekly chart we can see something similar....
Here we see ROSE could be at a pivot point. We have been forming a symmetrical triangle for a long time now. Most symmetrical triangles do have a more likely probability of a breakout opposed to a breakdown. We are right now testing the key trendline of resistance to see if we can break above. If we cannot the price will most likely pull back to the support of our...
This post is meant for swing traders. This is the 15 min chart for BTC. Here I have outlined three key trendlines I have noticed on BTC's lower timeframes. You can see all of these trendlines have been important support/resistance levels for the short term trend. Just something interesting to keep an eye on to see how these trendlines develop.
Just drew some lines on the ADA chart. No real analysis here just wanted to upload this chart and get everyone's thoughts.
The DXY is an important metric to take into consideration when trading any market. Most things are priced in USD still which means the DXY moving in price should move the price other assets. Historically what we see is an inverse correlation to cryptos, stocks, and equities. This means when DXY pumps other assets drop in prices and when DXY falls most assets pump...
Hello everyone. Based on our previous posts - we pointed out how CPI could be the pivot point for this uptrend and so far we are starting to see that retracement. CPI came out at 5.0 actual based on a 5.1 Forecast and a 6.0 previous. This is a really good thing, but as we have been pointing out it is based on last months data thus could already be priced in....