evasivesteering

evasivesteering Updated 

Prices are at strong support: The trendline support and the Fib. 0.5. With CPI news, APT is bouncing with the whole market. A referenced setup is as below: TP: $9.8 and $13 SL: below $7.6

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BTC has been in a sideways mode for 48 days. During the last two consolidations, it took almost 60 days each time (nov 2022-jan 2023 and jan 2023-march 2023) for BTC to escape the previous ranges. The on-going consolidation would end soon? What will be the next direction? These are still big questions that everyone asks. In my opinion, we should be more...

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SUSHI has been consolidating for 10 months, quite a long period for a crypto. It seems that this is an accumulation process following Wyckoff method. CMF values are also in a triangle. Break-out would accelerate prices to upper side. In my opinion, we can DCA here to around $0.95 and hold for few weeks (or months if needed), waiting to sell at the upper...

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FET, an AI crypto, has been consolidating in a bull flag for 3 months. At this moment, its price are right above the lower trendline, above the weekly resistance and the Fib 0.236: a good confluence . I'm long here. Once the flag is broken, the next Fib. 0 would be the final target. On 1W time-frame, here below is my view:

evasivesteering Updated 

As commented in my previous post (see the link below), I'm long WOO at this price. A referenced set-up is as below: Target = $0.44 SL i= $0.24 (below the EMA 50D)

evasivesteering Updated 

Hi all, BTC lost 10% last week. Based on technical analysis, I'll try to explain what happened, where the prices are as well as what may come the next weeks. Firstly, the pullback of 10% was caused by the rejection when BTC touched the wickless weekly trendline. This trendline, a key level, was lost around 1 year ago (in May 2022). Now, BTC is trying to conquer...

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Hi guys, LUNC has been consolidating in a box since November 2022. Its pattern is interesting. We can see that there is likely a false break-down after recent moves of LUNC. Based on Wyckoff methodology, it could be a Second Test in Phase B or a Spring Test. In both cases, it's logical that prices will retest the higher range. As these reasons, the proposed...

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Hi everyone, I'm going to look at this 1W chart of BTC the next weeks (and even months) to come. The current weekly candle's close will be quite tricky and interesting, if nothing change happens in the next 2 hours. Indeed, prices will be found right between the trendline LS0 and the Fib. 0.236 (around $28100). This close makes the next move of BTC (1W TF) a...

evasivesteering Updated 

On 1W TF, WOO seems to form a Adam and Eve Double Bottoms. It would break the neckline and reach a 60% higher target. Let's patiently wait for breakout (and retest if you'd like) to enter this trade.

evasivesteering Updated 

Hi all, I would like to share my thoughts about BTC. For mid and long-term, I still think that BTC would go higher to touch $36000s and even $42000s (see my weekly chart in the link below). However in short-term, like many of you (I think), my outlooks are bearish. As seen in 4H TF chart, BTC's prices have been moving in a descending channel. If $29000 level...

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AI cryptos have cooled off a bit but in mid/long-term they are still attractive because AI is really transforming the world. AGIX is one of the hottest AI cryptos (beside FET, OCEAN, GRT...). It seems that an inverse H&S pattern is under formation for AGIX. Prices are close to a potential buy area for the following reasons: Potential bottom of the right...

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My second pick of the week is FXS. Prices form interesting levels to trade. We can see an Engulfing candle pattern (with two candles of two passed weeks), indicating that the correction is done for FXS. This correction is linked to the break-out the lower range $4-$7.5 After retesting the support of the new range ($7.5), it starts to bounce to the next resistances.

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ETH has increased 25% within three last days. Will it continue with a bigger rally? Following Wyckoff analysis, its seems that price action is in phase D: consolidation around the higher ranges. If these levels around 1700 holds, another leg up would happen. Can Shanghai upgrade could be a catalyst for next big move of ETH? Proposed Targets are in chart ...

evasivesteering

ETC is breaking out its long-term trendline starting from May 2021. Volume indicator CMF has already broken its trendline. This confirms that buy pressure has increased and will continue. Proposed targets and SL (red line) are in chart.

evasivesteering Updated 

Many indicators show that BTC may form the final bottom in this cycle. But is it really confirmed? Following the Wyckoff method, it suggests why this hypothesis would become more and more realistic. I've already made a Wyckoff analysis but I would like to make it simpler with this new one. Based also on key levels (Fibonaci and main supply/demand areas), the...

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Crypto Total Market Cap formed a diamond pattern in 12H TF. This pattern has just been broken out. CMF values had also broken out its trendline. It's likely that the continuation is confirmed for Total Market Cap. The target woule be +5% the next days. This 5% up is not much but would be very interesting when looking at the current position of Total Market...

evasivesteering Updated 

BTC is still holding the $22000s which is also the level of EMA 50D, a strong support. Its direction seems undecided waiting for macro news this week and next week. As a recall, here are some key events in the coming days: Fed Chair Powell Testifies on Tuesday 08th March US Job Openings on Wednesday 09th March US CPI /PPI on 14th & 15th March While...

evasivesteering

I have no news/info on this crypto but the chart is very interesting. Once breaking out the trendline, it would be big. CMF values are about to cross zero and become positive. This (if happen) indicates an up trend. Any news on CTK?