Been super bullish on LUNA and terra ecosystem in general. Technically, this chart says it all, an inverse head and shoulders pattern forming on LUNA BTC chart, means LUNA could moon soon. As a validation, it needs to close above prev high/resistance and then it enters price discovery. Fundamentally, a bunch of protocols are launching soon, PRISM protocol being...
This is what I am seeing. I see 2 possibilities here, as marked in orange and yellow arrows. I do feel BTC might go put $42.8k and then start dumping from there - yellow arrow. If this doesn't happen and if BTC moves up to $44k + levels, good chance of dumping from there - orange arrow. In my opinion and given the news that is meant to come out in the next...
BTC is forming LH and LL and clear reversal as far as I can see. I do believe it is going to be forming a falling wedge before it breaks out, which might take a while. China FUD and all the other regulation news might also cause a bit of a dump. I am looking at demand zones to buy more BTC. Trade accordingly. Not a financial advice ofcourse.
We all know SOL has had a massive rally. That said, it could do it once again if it breaks out on the upside. It really is in a critical zone right now. One of the above two possibilities can happen. CCI/RSi/MACD aren't telling me anything yet. However, I could see that 20EMA is (kindof) acting as a support and resistance at various points. The current 4h candle...
DOTUSDT seems to be forming a H&S pattern on 4h. It all depends on how BTC behaves the next few hours. Today is the day of options expiry and if BTC pullback, DOT might form a H&S pattern and move down further. I am looking at key levels. If you are looking to long DOT, please be wary. If you are looking to buy on spot, I would be looking at key fib levels to...
For the short term, BTC might go up to 44k and then go down to retest the bottom. It is a possibility given futures and options contracts expires last Friday of this month.
We seem to be breaking all the support levels. The next demand zones I see are marked in the chart. This is not to scare anyone, but just to be prepared for what might come in the next few days.
FTT token is my fav of the utility tokens. Over the past few days, it held support levels around $60. With that broken, I see the next support level to $52 almost matches the fib level here. The market is very choppy and indecisive for me, so I am just placing my limit orders at $52 and patiently waiting. (Disclaimer - not financial advice)
I see a bearish divergence on DOTUSDT 4h chart. We might go down to hit the demand zone (28.5-30) which also aligns with the 61.8 fib level. This might take a while to play out. Let me know if you see the same.
MATIC is still trading inside the triangle making LL. My feeling is it might break towards the downside, if it does so - I have buy limit orders sitting at 23.6 fib level. I am very bullish on polygon as a project and would be loading up for long-term hodl pf.
SOLUSD has broken out of the channel. I feel it would pull back once again to retest the channel before it goes on another run. A short in the near term could be on the cards for those looking to trade. A buying opportunity is around $135-$140 for those who are looking to load up. What are your thoughts?
Which way do you think it would breakout? I am closely watching this to grab some at the 1.33 mark if it reaches there.
I believe BTC might go down and follow the ABC correctional wave before it pumps up. I also can't help but notice a similar pattern in the past. Be careful out there. P.S - I am bullish on BTC and crypto long term.