Right now the DXY, (US Dollar index), on the left chart has hit a critical trendline (yellow trendline). This doesn't happen often as we have only tested this trendline 5 times since November 2022. Each test of sell pressure is represented by a red arrow. Every time the DXY has sold off from this trendline BTC has had major rallies. This is indicated by green...
We have had an incredible pattern form for the Bitcoin dominance chart. Right now it is in the process of breaking down from a rising wedge pattern. This could indicate an explosive altcoin season as altcoins gain dominance over Bitcoin during this period.
Really interesting development for TOTAL2 (cryptomarket cap excluding BTC). We used this chart to predict the breakout in 2019/2020 and so far we had the exact same setup happen in 2022/2023. Now that we have been going through the expansion phase, marketcap has had a brief stallout period the has formed some sort of symmetrical triangle (yellow lines). What...
Here I wanted to update our Tia chart and outline a few of our old predictions that have acted as important levels. Where we predicted TIA's next top two weeks before it happened: Major Liquidity Zone Identified: (S&R flips) Now, lets look at Tia's current structure. The most important level where we have seen institutional interest is between $5-$7.40....
We have been watching SEI's bull market liquidity zone between $0.28-0.32. This is also in confluence with the 0.786 from its macro move. Sadly, We came within $0.01 of the liquidity zone meaning we missed the perfect retest from a chart perspective. Still, seeing us bounce and find liquidity wanting to front-run that level shows there is a lot of demand for SEI...
Here based on our calculations we can conclude that there is a 93.8% chance that Arbitrum has found its low and these prices will not be revisited until the next bear market. If you take a look at the Coinbase chart, some institution or entity is heavily defending the $0.74 level. This level was first established as ARB's low on SEP 11 2023 (this was where...
Arb looks like it has bottom both on the short term chart and the long term chart (will post that next). We saw a double bottom form in price between $0.73-$0.74. The second bounce was so strong it created a bullish divergence right off oversold conditions on the 4H timeframe. We saw a similar low in price action followed by a higher low on the RSI. Our first...
From our predicted breakdown target of Solana from $170 to $120 was just completed. We came within $2 of our predicted bottom for Solana that we made a couple weeks ago! As long as Solana doesn't flip the $140-150 level into new resistance then we should expect continued upwards price action towards new all time highs.
Jupiter just had a perfect retest of its key liquidity zone. This zone ranges from $0.57-$0.65 with a median line around $0.62. We saw price briefly wick into that liquidity zone and have seen a massive bounce. This shows there is strong demand and old resistance has been flipped into new support. We also wee a perfect bounce off oversold conditions at the 30 on...
FOR TRADERS ONLY: This chart outlines a few of the most important trendlines to watch for BTC's 4H currently
After BTC's recent slip to $58k we have seen altcoins massively hold support in comparison. Across the board we have seen altcoins create double bottoms and bullish divergences (will be posting more charts on this later. Right now, We are seeing a breakout on "OTHERS". Crypto market cap excluding top 10. It recently broke out of a falling wedge, retested it, and...
This is an update to our previous post: In this post I want to focus on the lower timeframe (2H). We are seeing a slight bullish divergence forming (series of lower lows in price followed by a series of higher highs on the RSI). Therefore it looks like there is still strong buying interest around these levels. What we want to watch for now is continued daily...
This is an update to our previous post: Op still holding our orange trendline. We can also see OP's RSI on the 3D is at a historic bounce zone. Therefore, watch for momentum to increase back to the upside to confirm a bottom or a breakdown below that level.
SEI still holding support within this triangle. Technically the pattern itself is more of a bear flag than anything else which is a bearish pattern, but if SEI can hold its orange line of support on the RSI then we should be able to breakout. If we break that RSI support level it would most likely be time to get out.
This post is a follow up to the previous: As you can see we are still maintain to hold that white trendline as a level of new support upon our third retest. One thing I did want to point out is the daily RSI. Doge has a very important structure around 35 on the daily RSI that marked the bottom in January, May, and could again with a good CPI print....
This is a chart we have been following since this post: This pattern has been validated by multiple touchpoints on LTFs. For bullish continuation, we need to see BTC's 1D candles continue to close above this orange trendline for confirmation.
We have a very important CPI print as well as FOMC meeting tomorrow. Based on where the charts are at currently tells us massive volatility will appear beginning tomorrow. As I have been posting previously about BTC & some alts most charts show that they are at extremely key levels of support. This should give us a great chance to enter positions around these...
Here we have the CME chart and we notice something very interesting which could lay out Bitcoins direction for the coming week. On Friday Bitcoin closed at $69,650 on CME which "coincidently" closed the candle body exactly on top of that white trendline. Today, CME is about to open in 2 hours and currently BTC's price should align again with the same...