Below a list of ALTS vs BTC charts that look ready for a move. Most of these ALTS have been dormant vs BTC and for the past 2 years have either grinded slowly lower or have been going sideways. All these ALTS are now sitting at key levels and some are displaying interesting RSI bullish divergences on the weeklies. Furthermore volatility has been extremely low over...
The chart above displays a clear breakout to the upside from a 8 month long symmetrical triangle pattern. The question now is where is this going? what could be a potential target? Every time I open this chart blank I see something new. Based on different types of analyses below are 3 possible targets. Option 1: Inverse Head and Shoulders Option 2: Fibonacci...
Palladium has confirmed a break of the uptrend line. To add to this signal, the top of this last move up coincides with the 161.80 fib extension level which could have been used as a profit taking level for longs. A correction from here down to the 1615-1600 level (previous resistance zone) makes sense and this would be an ideal area to look for longs. Shorting...
Am I seeing things? If we draw a fib from the March 2009 bottom to our current ATH we can see that price has reacted to almost every single fib level on the way up. 78.60: first stop on the way up after the March 2009 bottom was the 78.60 level where price experienced a pullback and then rallied through it. Guess what happened next? price retested that level and...
Another coin that had a good week last week was IOTA. It printed a solid green HA candle that closed above the open of the previous 4 candles. Pretty bullish. Now the question remains, was this just a pump or are we going to see this trend continue. In the smaller time frames a pullback has already started with key support levels at 0.27 and 0.25
Similar although not as bullish as my previous idea (link in related ideas below), ETHUSD's weekly candle has closed as a small indecision HA candle. This usually means either a need for a pause of the current trend, in this case bearish, or the beginning of a trend reversal. Given the early signs shown in other alts of indecision or beginning of trend reversals...
With approx. 36 hours to go before the weekly close, it looks like we'll be getting a weekly green HA bar for the first time in 11 weeks. In previous occasions (not all of them) this has marked the beginning of a new +200% rally. Time will tell if this is the case again.
Silver has been in a steady decline since mid Feb guided by a descending trendline. Looking at the lower highs and lower lows formation developed over the past three months we can clearly identify a descending wedge pattern. Descending wedges are typically approached as a bullish pattern. One more thing to note: I'm not a fan of fib levels but in this instance we...
This idea is for my own reference to check in a couple of years. Not financial advice. Price Target 300k ETA Dec 2021
My view on XRP's possible future Not financial advice
Looking into the possible future of BTC Not financial advise