NOT FINANCIAL ADVICE The abbreviated long story: Ichimoku: Bearish EMA: Bearish Wyckoff: Bearish CT: Slight Bearish F&G: Bearish HA: Bearish RSI: Bearish Trendlines: Bearish Elliot Wave: Bearish Fundamentals: Slight Bearish EcoSystem: Slight Bullish The summarised short story: 1) Shortterm retest of $0.069 2) Next support at $0.059 3) Last support at...
NOT FINANCIAL ADVICE - FOR YOUR ENTERTAINMENT ONLY What I like most about this chart is that despite the strong bearish RSI, the price hasn't moved the same magnitude -- aka the bears are diminishing. My macro bitcoin Elliot Wave analysis is that we're on a Cycle Wave 5 underway (& currently on its Primary wave 3 underway): Wave 3 is NEVER the shortest. It is...
NOT FINANCIAL ADVICE In the grand scheme of things, Dogecoin is exhibiting accumulation signals, evident by the heavy buying spree whenever price hits SC levels ($0.1527). I read this as whale-buying activity, where they'll have plenty of buy triggers at that level. As bullish as that may sound, we have not yet been given a sign of a Spring event, aka a revisit...
NOT FINANCIAL ADVICE NGL, I'm still a novice student of Wyckoff Method, but take this study with a pinch of salt, please. 19 MAY: Preliminary Support (PS) [First signs of market distress is seen. Supply is being dumped. 22 JUN: Selling Climax (SC) We see capitulation ending here 25 JUN: Automatic Rally (AR) Because intense selling pressure has gone,...
NOT FINANCIAL ADVICE Foremost: Cautious Optimism. Revisiting an old Elliot Wave analysis for $TSLA, considering its recent rally of sorts. I hear ya Tesla Bulls but until price action breaks above $753 levels, I do not see any invalidation from my previous estimates -- that Wave C is still underway. Until then, good luck with your trades!
NOT FINANCIAL ADVICE - Just an education tool for my trade setups ;D This is an ETHUSD (Binance) Daily chart that will be dissected and summarised for what I think is the likely path of least resistance in the next 7-21 days. Fib Speed Resistance Fan : 0.886 now Support after 1xFakeout and 1xRejection Fib 0.618 Levels : Broke and promptly bouncing out of...
NOT FINANCIAL ADVICE. Go ahead and invest in $SHIB -- I dare you! =D Not financial advice.
NOT FINANCIAL ADVICE As expected, a large amount of $CRO were unstaked (from Q4 2020 and Q1 2021 adopters) and sold during Q3 2021 especially, suppressing price action. However as we enter Q4 2021, we can see a positive trend developing. Increasing buyers and decreasing sellers. Assuming that adopters from Q2 2021 have yet to unstake from their 6 month bonding...
NOT FINANCIAL ADVICE Circa 2015, a team from NUS (National University of Singapore) brainstormed and produced a thesis dubbed 'Elastico' while trying to solve the blockchain trilemma. The team have since gone on to launch a string of successful crypto projects such as Kyber Network, SmartPool, Anquan Capital and of course, Zilliqa Research. Blessed with a...
NOT FINANCIAL ADVICE Now I am not Nostradamus and know that even a broken clock tells time correctly twice a day. I am not saying we are gonna crash (although I have been predominantly bearish), but I will not shy away from dubiously speculating just how low it might go if ever this is the start of a short-term dip. First off, congrats to all those who rode...
NOT FINANCIAL ADVICE Someone gave me an idea on this, but unfortunately I was unable to recall to whom that credit belonged to.. so it goes a little something like this: There comes a point in time when bitcoin's dominance takes a hit, then it becomes the media darling and gets all the attention it needs to rally parabolically but it never breaks past its...
NOT FINANCIAL ADVICE Keeping things simple, studying $BTC vs MACD vs RSI, a divergence pops out clearly on the shortterm 4H charts. While these do not always indicate a top or a dip, it is a signal that it is usually potentially accompanies one. Also charted are the various levels of potentiall strong resistances that may deflate bitcoin’s current rally....
Not financial advice. Not Technical Analysis. Just something to think about.
NOT FINANCIAL ADVICE It's been a while since I posted any updates for $ZIL and yes, the incumbent bearish market has everything to do with it. Also, there really isn't much to do during a bear market except to BTFD. But we do have to roughly figure out if the bottom is here, or not. Let us take a very simple look at $ZIL's volume since Dec 2020. Bear, no pun...
NOT FINANCIAL ADVICE Should we get bullish or do we stay bearish? Let's take a dive on the Macro level for $ZIL using the Ichimoku Cloud indicator. For the uninitiated on Ichimoku Clouds, Investopedia has a good introduction here . With that out of the way, based on $ZIL's macro Weekly chart, here we consider the bearish and bullish signals from this...
NOT FINANCIAL ADVICE. I enjoy using my Crypto.Com VISA debit card because it is both convenient and enables me to 'cash out my crypto on a whim. There's a 3rd reason too, and that is the benefit of earning $CRO as cashback, whenever I make purchases. So in a weird way, spending my crypto lets me earn back crypto. $CRO is still very much in price discovery...
NOT FINANCIAL ADVICE We may have not seen the worse part of this Wave II retracement, which looks like a 5-3-5 Corrective Waves ABC. On the Daily charts, It does seem to confirm the completion of Wave A (5 impulse waves down), Wave B (3 corrective waves reversal). While price action may have retraced (from ATHs) touching the expected 0.618 fib levels, but due...
NOT FINANCI.. oh heck. STORYTIME. So, once upon a time.. Early Jan: Institutions (smart money) are triggered, and buys in. Late Jan: Retail take profit. Too yummy to resist. Early Feb: Smart money continues buying. Late Feb: FOMO profit taking is seen. Meanwhile, FOMO buying is also accumulating. Early Mar: Strong FOMO buying > FOMO profit...