This is an updated chart to the post we made all the way back in November of 2023 which can be found here: We identified this important purple trendline from the past and so far it has continued to be important. Right now price is fighting that purple trendline, if we are able to close above that should give us the signal of a momentum flip back to the upside....
Pepe has confirmed a breakout on the 4H. We could see a retest of our upper line as old resistance becomes new support. Our measured move price target is the orange vertical line followed by the 0.618 of our fib trend. A close above the 0.236 is needed for further upper price action.
Here is an update to our previous post. We pointed out a rising wedge channel that was being formed which could have lead to one more move down. Due to the higher time frames we were able to see some of those bullish divergences play out which caused a breakout of the wedge. Price then successfully retested the wedge as new support and made a move higher. This...
ARB has showed slight deviation below the key $0.74 level, but is currently showing a strong recovery to reclaim that level. The other thing I want to point out is on the weekly timeframe the strength index is bouncing exactly off oversold levels. A few months from now we could look at this signal as the best time to accumulate.
Here we have an amazing development on the 2W chart for OP. Most people do not watch the 2 week chart which is why this will probably fly under the radar for most, but here we are providing you with the most up-to-date content. We have a dragonfly doji forming on the 2W after a 112 day downtrend (>3 months) and after a capitulatory event. This absolutely looks...
With BTC's recent pump over the weekend we have seen a gap form. We have been monitoring these gaps in this price rage as they have been extremely relevant and usually get filled. Here is that previous post: Of course, some major world events have lead to this increase in price most likely on the increased probability Trump becomes president, but either way...
The market structure is developing strong signs of a foundation being built before the next moves to the upside, but will a short term move down provide an opportunity for additional liquidity. It seems we are creating some sort of rising wedge on the 4H in addition to some short term weakness on the RSI. Normally, rising wedges (or in this case could be looked...
Shib is another meme coin that has showed recent strength. On the monthly timeframe it has perfectly retested the 21MA as new support and should be ready for continued upside.
TIA is one of the coins showing the strongest rally from the lows. Up almost 68% in just a few days. This is an update to the previous post above. What we can see happen was TIA wicked below our bull market liquidity zone briefly before recovering the same day and absolutely taking off to the upside. This was most likely a liquidity hunt before the $11-12...
On the daily timeframe WIF could be looking for a reversal. We see a bullish divergence forming on the daily RSI + a doji candle was printed yesterday.
Pepe has shown tremendous strength since the start of 2023. Currently it looks like PEPE is trying to form some sort of Elliot wave pattern similar to DOGE's explosive run last bull market. Something to keep an eye on.
Solana continues to show strength and bullish accumulation between $115-$125. This is significant as it was a level of old resistance that has seemingly been flipped into new support.
On the left we have the BTC chart and on the right the ETH chart. The BTC chart is from fall 2023 when BTC ETFs began to be filed and the hype about those ETFs lead us on a monumental uptrend. From a chart perspective BTC had a double top followed by a double bottom (blue line/ green arrows). When price created that double bottom, that is when BTC ETF...
ETH is currently trying to break the neckline of our W pattern. This neckline is in alignment with our micro 0.786 fib level. A break above has a technical measured move of $3,350.
Massive update for OTHERS: 0.618 was defended as a support level. This most likely will be the last liquidity test for lower cap altcoins before the parabolic bull market begins.
One quick note I want to make on the incredible market structure that was just created during this 2024 "Black Swan event" (Mt Gox + German Gov). Total 2 just made a significant statement that could very well mark a low. It retested a critical level of old resistance that was tested exactly with the wick to form a low. That level of resistance was established...
All BTC gaps have been filled on the lower timeframes. Gap #1 was created around GETTEX:64K before we dropped to a low of $58k. Price filled this gap and failed to climb above. This caused BTC to drop lower to fill our lower gaps. This second gap was created upon the impulse to the upside to fill the first gap. This was filled and BTC continued to descend to...
Here we have a very clean and simple BTC chart to look at. It is a giant symmetriacl triangle (blue trendline) that has been forming for the last 3 months with 4 touchpoints to the upside (red arrows) and 2 touchpoints to the downside (green arrows). Based on this chart, we should be seeing a move back towards the top. There are two scenarios that could play...