carefulCheese32259

carefulCheese32259 Updated 

Hello everyone, this one is for patient (long-term) traders/investors, not for those chasing daily gains or short term swings. We are looking at BTC dominance chart. BTC dominance is currently at 60%, which is pretty high. Everyone who follows cryptos for some time should know how crypto cycles work. BTC is king and always leads the way. BTC if the first one...

carefulCheese32259

Hello fellow traders, today we look at LINK. LINK follows a clearly structured path: Base -> Phase 1 (building strength) -> Phase 2 (testing previous ATH) -> Phase 3 (parabolic run with blow-off top) Once the top is in, base is found at previous top. We are currently in Phase 2. If past is any indication, a run to ATH is likely, getting some resistance there...

carefulCheese32259 Updated 

Hello everyone, today let's talk about AVAX. AVAX has already made a 4x from its low at 8.5 USD in 2023. However, it is still far from ATH in 2021 so it still has room to grow. AVAX has shown great respect for 20 USD price and has bounced of it wonderfully, creating a higher low both in price action and in RSI. Currently price is at 32 USD, a previous local...

carefulCheese32259 Updated 

LTC price action goes through descending triangles. Every triangle takes longer to play out (lengthening cycles) First triangle was from mid 2017 to beginning of 2019. (yellow triangle) Second triangle from beginning 2019 to 2021. (orange triangle) Third triangle took from 2021 till 2024. (red triangle) The base of every next triangle is set at the last upper...

carefulCheese32259 Updated 

Hello, Today we look at MATIC. - MATIC is still in strong support zone, not yet broken out. - It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign. - It is in a bullish divergence (RSI making higher low while price makes a lower low). - Volume has increased in the last weeks, showing potential that bottom is in. - RSI got up...

carefulCheese32259 Updated 

Hello everyone, here is a very simple and clean chart of DOT/USDT. Reasons I am bullish on it: 1) DOT is at its base (4 USDT), a strong support from Sept 2020. 2) DOT respects weekly EMA (10) - when price is below, it is bearish. Alternatively, when price is above, it is bullish. 3) Last bull run in 2021 - once it crossed 10 weekly EMA, it went parabolic...

carefulCheese32259 Updated 

Hello everyone, today I choose to talk about XLM. Many consider it a dead coin, since it did not make a new ATH in 2021. But I prefer trading with verified coins that have been around for long enough to establish patterns in their charts. And I trade based on these patterns. This is a weekly chart of XLMUSD. It is one of the sleepiest coins. But when it wakes...

carefulCheese32259

Hello everyone. Today I will talk about ETH, the one ALT to rule them all. It is best if we look at the big picture and forget about day-to-day movements, news and all the other noise. Let us just look at the chart through basic Fibonacci levels paired with Elliot Wave Theory. First lets go through Elliot waves. Wave 1 started in 2017, first bull run. Wave 2...

carefulCheese32259

Hello traders, this is a monthly chart - to keep things really simple. For the last 2 years BCH price has been "climbing stairs". These "stairs" are based on important levels dating 6 years back (green lines). Price action from Q2 of 2021 up until now has been creating a 'cup and handle' pattern. Handle has beatifully reversed from support level, RSI has found...