I'm not going to say much here, I'm simply following the cycle for Digibyte. We are 4-5 bars short of a major breakout if the cycle is to repeat . One bar on this chart is equivalent to one week. In my opinion it's been following it to almost perfection. I'm not saying this is a guarantee, it's simply an observation. Enjoy and have fun investing.
I made it color coded so it's easy to understand as the chart is kind of busy. Are we still waiting for the final parabola that is the finale part (blow off top) of the 2nd cycle. Lets see if this theory holds true. If it does, another obvious thing is the the cycles are lengthening and the gains are diminishing. So in this analysis I am theorizing we are...
Arrr mate!! The death cross storm is now over as the golden cross has plotted the path to treasures!! This is very simple analysis that we're having fun with, but is factual. A golden cross usually leads to upwards momentum. Pirate chain is the latest privacy coin with lots of hype behind it as it aims on being the top privacy coin. The two big highlighted...
Can Pirate chain hit $50? To answer this we must think how people value their privacy, and by looking at price action. The price action is telling me people value privacy. It has very recently broken out of it's almost year long bullflag and looking to make a bullish move over the next few months. Once or if the weekly RSI breaks above 60 I think price action...
We can notice that Price movement between these two is very correlated. What I want to point out is the M pattern that bitcoin has also recently printed the last year. Could BTC follow this very pattern and go into a blow off top over the next several months? Personally I think it's a strong possibility that only time will reveal to us. With more and more wall...
History might not repeat but it often rhymes. I think there might be room to move above the top of the trend line for the next 12 to 18 months , but it might be short lived and be the start of an A B C correction. Paying close attention to the highlighted M pattern and comparing it to the Bitcoin chart we might be able to catch a glimpse of what could be...
This is a chart of the total crypto market cap on the monthly. It's clear to see we are still in an up trend, but will it hold? The entire market is showing a bearish divergence on the RSI but we have previously had a strong bounce off off this level. If the market does a similar thing this time we should be in for a strong bounce up. The question remaining...
ICP could be the buy of a lifetime for some people. It is on a fire sale at the moment and possibly could go lower. It's also possible this the capitulation moment as The RSI is is showing bullish divergence. If you like this project it might be time to start nibbling as it's upside looks to be incredible. *Time in the market rather timing the market*
Aave might have broken a long downtrend against ETH. The bottom also confirmed by the RSI and the MACD has a cross with upwards momentum. Could be setting up a nice swing trade. another leg up could be coming soon, lets keep an eye on it.
Monthly chart of XRP VS BTC shows a big move coming, but which way? The ADX & DI shows bull momentum has been building. If it continues to trend up the inevitable pop upwards should follow very closely after. Things to keep in mind... This is a mid term hold at the very least and it's also not financial advice. Please do your own due diligence before investing.
This is a monthly chart for Litecoin vs Bitcoin. The next few months could be very interesting for Litecoin as very strong coin also heading into 2023. The chart shows that LTC is at it's previous lows against BTC. The ADX & DI is also showing momentum is being built and also has some bullish divergence happening at the moment as well. *Disclaimer* Not...
*This all for fun and is not financial advice* I believe we will break out and confirm the break out with a fall on the resistance line making it support. That should be the last flush out and it will cause max pain in the markets which will set up the next bull run. Have fun, trade at own risk or just hodl. Far out prediction 189k November 2022
Raven coin has recently broke out of this bull flag pattern and is now looking to confirm it. That is the trade if you so choose to do it. the confirmation is it must close above the flag on the daily or weekly. Target is set at 40 cents good luck and have fun. Remember, there is no guarantee. This is not financial advice.
Bitcoin really needs to hold the line here and not drop anymore. On the smaller time frames we need a move above 53k that holds and then build upon it. Looking at the volume and price action we could break this support and retest the lower support one more time. The good news here is the ADX and DI it still shows an uptrend.
I think the cycles might be bigger than originally thought and it's a good thing. I color coded the pattern within the log growth curves. According to this we have a major rally coming. Let's see how it plays out.
This cannot be broken if we are to remain bullish IMO!!! The good news is Bitcoin has shown lots of respect to this trendline all the way to the last cycle and was in it's blow off top during the time it spent there. If you look closely it's the exact same cycle is playing out, it has only greatly lengthened in time. Looking at this chart it looks like we over...
Where is this downtrend that the simpletons are talking about? You can either buy fear or BITCOIN, but not both. The one negative is there is RSI bear divergence that can be voided out, let's see how it plays out. I'll leave it that. Best wishes in the new year.
XRP has been in a bullish divergence (RSI) trend against Bitcoin since May of 2019. Even the SEC lawsuit of Dec 18th of 2020 did not break this trend. If anything it has made it more noticeable and stronger. Heading into 2022 XRP looks to be very bullish against Bitcoin. So it looks like all time highs are only a matter of time away. Altcoins are looking very...