cryptodonovan

cryptodonovan

How far is BTC / the Alts going to retrace? that's the trillion $ question. Looking at NEO's chart, which (unlike some other large cap alts) does not look like a carbon copy of ETH, I've spotted a potential inverse H&S forming on the 4HR, which lines up with the .5 fib level. Admittedly, this may be a bit premature - that wick down from the rising wedge may...

cryptodonovan

Taking a macro look, we can see that Bitcoin Dominance has been ranging within an ascending triangle- a bullish pattern. It's been rejected by the current level twice before, but is third time the charm? The huge volume behind the recent move suggests it might be... It also recently broke out and then retested the top of the previous descending channel which...

cryptodonovan

If you're like me, you sold most of your BTC on the way up and missed out on some of these recent gains. Oh well. Here are some reentry points I'm considering if BTC stays within the rising broadening wedge pattern. However, with total crypto market cap crossing $1Trillion for the first time ever, and BTC hitting a new ATH of ~$40k, it's anyones guess - BTC may...

cryptodonovan

Chart speaks for itself. This isn't the kinda thing I would go all-in on, but it would nice to catch the next pump... grey dotted lines are sig. Support/resist levels. I suspect it will range within the ascending triangle before breaking above $2 / the 200 SMA, which would be VERY bullish... ...IF it keeps going in that direction.

cryptodonovan

This chart shows total market cap of all cyptos minus BTC. It's an important indicator for identifying altcoin market trends. You can see the bullish divergence on Stoch RSI has played out with the breakout from the triangle (or bull flag). We are seeing a retrace right now, but if this bullish breakout gets confirmed by a retest of support at the top of the...

cryptodonovan Updated 

All eyes on BTC right now, and while it seems to have decoupled from alts during the rally so far, ETH PA has formed a nice Inverse H&S that could signal upside, maybe for the the other major alt/USDT pairs as well... we shall see... Also noticed a bullish MACD cross

cryptodonovan Updated 

Right now XRP is at support at the bottom of a large pattern. If it bounces here, expect a move higher & ranging within pattern until BTC really pops off. If it breaks down, look for support a bit lower. Hope you have your stops in place! I'm bullish based on a few ideas: One, there's a possible inv. Head and SHoulders forming. We just had one of these precede...

cryptodonovan Updated 

XMR is trying to break out from what appears to be a macro bull flag pattern. If it can hold above the trend line & 200SMA, we could see significant upside and a retest of previous yearly highs. happy trades ~ CD

cryptodonovan Updated 

This all hinges on BTC not completely dumping on us. If BTC Dom. has a pullback, this could be a great week for trading alts. SRM broke out from that ascending triangle pattern (YELLOW LINE). I expect a retest of this level and possibly even the bottom of the pattern before a move to the upside. If it can break out from the larger DESCENDING triangle, then we...

cryptodonovan Updated 

Recently I've been analyzing charts on higher TFs and finding these parallel channels that the PA dances around and respects to varying degrees over time. BTC is no different. You can add more and more layers of channels on smaller TF, but for now I just wanted to point out these typically bullish indicators appearing on the 12HR: Possible Inverse Head &...

cryptodonovan Updated 

XMR Chart is beautiful right now. We broke back into the ascending channel that XMR has been trading in for months since breaking out from macro downtrend. It would be nice / easy to assume it will *stay* in the channel, break through recent resistance and move higher... But I have a feeling that with the uncertainty around BTC right now, we may just as easily...

cryptodonovan

BTC Dominance is a great indicator for overall altcoin market. If BTC moons past ALT, expect alts to take a hit. If BTC consolidates (without completely crashing) we could have a great week for altcoin trading. Def keep an eye on BTC Dom! happy trades, CD

cryptodonovan

Anyone can draw lines on a chart. And if you're like me, you probably draw too many lines on too small a timeframe. And probably overtrade. And probably need a girlfriend. But that's neither here nor there... To reduce overtrading, it's helpful to zoom out and look at the macro trend. Chainlink's chart looks amazing. Super bullish, especially since it broke out...

cryptodonovan Updated 

Really depends on how the alts react to BTCs next move, but... LINK seems to be retesting the 200 SMA on 4hr TF. If it catches support, this would be a very bullish sign. The Stoch RSI is undersold and put in a bullish cross as well. Of course, there's definitely room for more downside if BTC dominance continues to increase & leave the alts behind...

cryptodonovan Updated 

BTC is pulling these large cap alts higher, but many of them are hitting resistance right now. This strategy could probably be copy/pasted to a few others. Buy the breakout of this falling wedge / bull flag, or wait for a retest of support. Bullish MACD cross on 4hr TF may indicate a breakout... We'll see :)

cryptodonovan Updated 

ZEC may have found support at the 200 SMA on 1hr TF. Here are some bullish ideas: -Recently broke above significant trendline - this is the RETEST. - Possible bullish cross on Stoch RSI - Possible Inverse H&S playing out - 20 and 50 SMAs are bending towards bullish cross w/ 200 SMA (very bullish) - There's a lot of trade volume in this area.

cryptodonovan Updated 

Sorry for the messy chart, but I found this interesting. We seem to have a large inverse head & shoulders pattern playing out, which may indicate a trend reversal-- but it could be invalidated, and there's a potential head & shoulders forming on the smaller TF... but this could still be invalidated or play out but only on a smaller scale as well... A month or so...

cryptodonovan Updated 

I often see these bell curves play out in altcoins, and kick myself for not buying what looks like the local bottom of the bell. So this time I entered a position and set my Stop Loss below the pattern in case it breaks down. The PA has hit a significant support level, and the Stoch RSI is in oversold territory, which supports my idea that there could be a bounce...