crypto_poet

crypto_poet

The chart of XRP/USDT on the 4-hour timeframe reveals a classic example of a parabolic rise within a well-defined ascending channel, which has recently been broken to the downside. The price rallied strongly, forming higher highs and higher lows, supported consistently by the curved trajectory of a long-term trendline and multiple short-term moving averages....

crypto_poet Updated 

Usually breakouts create amazing trading opportunities for those who patiently wait for a confirmation. This chart presents another possible IOTA entry, which has quite significant values if it comes to positive results of prognosis. As seen on this logharitmic 1D historical price action we are currently breaking out of a downtrend which held since 10'th of May. I...

crypto_poet

The long term trading range was broken already a while ago. Bottom of the rising wedge is now confirmed. For now staying on sidelines to observe further price action development. At the moment most of crypto assets look similar. It's a risky business until the channel is regained. For now I'm bearish.

crypto_poet Updated 

The first thing to look for when identifying the Bat pattern is the impulsive leg or the XA leg. We’re looking for a strong move up or down depending if we either have a bullish or a bearish Bat structure. The next thing that needs to be satisfied for a valid Bat pattern structure is a minimum 0.382 Fibonacci retracement of the XA leg and it can go as deep as...

crypto_poet Updated 

Just having a coffee break in between my work duties. The Penguin indicator again is sitting on the chart. I can imagine we are in a danger zone here with 2 possible scenarios. I am presenting the more likely one. Weak confirmation of this rising wedge (bearish pattern) and sudden, rapid move to the downside. If current target won't hold, $20k will turn into...

crypto_poet Updated 

All depending on daily close within next two days. If bulls manage to close daily above the green 100 MA (green) - LTC will most likely move towards the stronger 200MA resistance. If tomorrow we close below, the possibility increase to drop down slightly below previous support levels. In this case, I would look at possible Wyckoff accumulation schematics with the...

crypto_poet Updated 

If we lose this support, things will most likely get ugly. Areas, where fear is tested, are common in price dumps with great recoveries. Most of the boundaries get tested. If in doubt - zoom out. Stay realistic, protect your capital - if you're new learn basics. The most important in making money is not losing it in the first place - use the tools available, be...

crypto_poet Updated 

ICPBTC / ICPUSD / ICPEUR is now on my watchlist. Spot entry already activated.

crypto_poet Updated 

My short summary of current BTCUSD market - which is a base if it comes to ADAUSD price development. 4H bullish, 1D Neutral, 1W Neutral By neutral I mean that we need to wait for further price action development. 4H bullish, 1D Neutral, 1W Neutral By neutral I mean that we need to wait for further price action development. Why bullish on 4H ? Due to emerging...

crypto_poet Updated 

Double bottom on daily, RSI significantly oversold on multiple time frames. Bullish divergence on 4h, 1D. Weekly RSI in lows. Highly possible reversal to 200 Daily MA/EMA (c. 0.33 - 0.35).

crypto_poet Updated 

All depending on daily close within next two days. If bulls manage to close daily above the green 100 MA (green) - LTC will most likely move towards the stronger 200MA resistance. If tomorrow we close below, the possibility increase to drop down slightly below previous support levels. In this case, I would look at possible Wyckoff accumulation schematics with the...

crypto_poet Updated 

Target in green - currently LONG term buy order placed at 6.82. Remember of capital management.

crypto_poet Updated 

As time goes on and Bolinger Bands of this chart get tighter over time, a possible significant price movement is expected, following news related to Litecoin adoption. Many times before in the history of Litecoin we did witness explosive price surges following the news (i.e. fake Walmart announcement). Currently, in the areas of ALL TIME LOWS, Litecoin presents...

crypto_poet Updated 

Possible long after confirmation of current resistive formation forming on Daily (thin yellow line). Theoretical confirmation circled. For whatever reason, the blue ghost is slightly shifted in the published idea...

crypto_poet Updated 

Only for a pure informational purpose, I would like to point your attention to a few timeframe related facts. In various colours I present here simple facts related to previous price action. Firstly the intense red/pink bars indicating amount of weeks it took $Bitcoin to go back to the 20 Weekly Moving Average - I consider in this presentation only those weeks...

crypto_poet

Possible long after confirmation of current resistive formation forming on Daily (thin yellow line). Theoretical confirmation circled.

crypto_poet Updated 

If the last 10 years were bearish, we are literally days from the most bullish Litecoin price action seen up to date. This is possibly THE most bullish crypto project out there at the moment. As always: remember of your risk/reward, have a stop-loss in place, don't forget to take profits.

crypto_poet

Firstly pay attention to long-term RSI values, where signs of a hidden bullish divergence emerge. Secondary consider the blue scenario playing out (yellow) the same way as it did in the past. The more bearish the crowd they said. Fear and greed index currently at levels of EXTREME FEAR.