Analysts and articles claiming that this might be the end of the crypto bull market. A few even announcing that we won't have an Altcoin cycle this round (seen similar reporting during past 2 cycles as well) since institutions will only focus on ETF-approved coins. And numerous extreme negative sentiments pervading all around -- which signals a good time to...
Ultra low timeframe v.high risk trade: Sold some after claim. But bought back in again at ~0.25 USD. Setting sells at around ~0.3 USD with a trailing stop loss. Optimistic reminder to self: Even if failed to hit target and left holding ZK instead, already increased initial ZK holding by a small % at the initial re-buy in point for longer-term hold; ZkSync...
BTC have now pierced above the (green) 50 daily SMA line, as well as above the Bollinger band, after previously getting rejected 3 times. Note: Will need the current daily candle to close above the green 50 daily SMA line for confirmation. Inverse head and shoulder pattern breakout indicates momentum reversal. FG{50/15} histogram have now turned green, and...
#ZoomOut. This is just a healthy retracement; perhaps down to 51.5kUSD, or even down to 44.6kUSD (towards the thin-orange 200 VWMA, or thick-orange 200 SMA) imo.
Shift/scroll back in time on the daily chart to look at past confluence.
Weekly Chart: Fusiongap (50/15) indicator histogram is in positive again, with the red oscillator about to cross the green oscillator. Ichimoku cloud flipping green again.
I had been slowly accumulating BTC into ETH while it remained in the yellow accumulation zone. ETH/BTC has now broken above 200 SMA. Bullish divergence on 21Dec'23, and have broken into the positive finally as well, since plunging below into the negative from 16Jun'23. Ichimoku Cloud looking to turn bullish on the daily as well.
Starting to DCAing in a little at this level from BTC. Will start DCAing harder once the second, and a lot more within the golden pocket, and especially the third accumulation zone is reached. ETH vs BTC have the potential to fall even lower. But long term, I am bullish, hence looking for opportunity to accumulate ETH now that the first phase of the Bull Market...
Waiting for breakout above green line for confirmation. Three tries previously before finally breaking out and going parabolic..
Presently price remains supported above the red 21 daily EMA line. Waiting for breakout above the yellow box region, and confirmation by finding support above, for a potential long-trade of this presently low mcap gem.
Observe the head and shoulders pattern, and waiting for a breakout on the QNT/ADA chart. Potential long trade, once break out above the dotted line as shown. Orange arrow indicates the measured move target.
Waiting for retest confirmation on the hourly, and the 4 hrly.
Bought back a little into $KAS at $0.0325, around the first (green arrow) measured move target. Higher low and higher high established on the 4hrly, and bullish divergence on the MACRS, with the 50/15 FG indicator histogram turning green again. Will DCA more if candle closes above the green 50 SMA on the 4 hrly. However, note that the Ichicloud remains bearish,...
After the bullish break-out of the crude inverse head-and-shoulders pattern (suggesting momentum reversal) as well as the 200 weekly SMA (thick orange line) in March, following a retest of the 200 weekly SMA, BTC appears to have returned to a long-term bullish trend. Important levels to consider next are the dotted horizontal red-lines as indicated on the chart.
S&P is back above the red 21 weekly EMA, after bouncing off the green 50 weekly SMA. Long-term chart is looking strong again, after previously getting rejected by the 21 weekly EMA as resistance (in Sep'22). .. excitement over AI? Bear market adverted? More money printing have quietly commenced, or further FED interest rate rise ahead?
After piercing below the 200 daily SMA, ADA retraced to the 61.8% Fib retracement level, before eventually falling below the 61.8-65% (golden pocket) interval -- turning the ~61.8% Fib retracement interval (previously as a potential support) into resistance. The measured target is the green interval, which might be a good range to re-accumulate back into ADA. If...
Elastos (ELA), "China narrative", recent partnership new with Alibaba Cloud (from their twitter page), base layer is merged mined using BTC-hash coupled with "BPOS" in a "Hybrid Consensus" system, EVM-side chain with growing(?) ecosystem, founder Rong Chen was a senior engineer in Microsoft. Been suppressed under the (thick orange) 200 daily SMA since Feb 2022,...
GALA rejected by 4hrly 200 SMA, and have fallen below the daily 200 SMA. Measured move at 78.6% Fib level, but may start re-entering position in GALA at around and below the 61.8% Fib level. On the 4hrly: 4hrly 200 SMA and continues to be rejected by the green 50 SMA and the red 21 EMA. Ichcloud had turned and remains bearish.