guille8118

guille8118

Bitcoin has been printing a descending triangle in the weekly chart since second week of June. 200-Week EMA has provided continued support along this time, will that still be the case in the next weeks? Last quarter of pre-halving year marks traditionally the last stretch of crypto bear market. I have doubts that this is going to be the case again in this cycle,...

guille8118

Bitcoin has been range-bound since Friday 18th August. After breaking through down the up trendline that it had formed in late December 22. A symmetrical triangle between August 22nd and August 26th has resulted in absolutely nothing, just sideways movement on very low volume. Note that Bitcoin volume and lack of interest in social media are breaking records for...

guille8118

Solana has been correcting since the market collapse of a couple of days ago. Note that even if the market is in a clear downtrend generally speaking, bear market rallies are not uncommon. They are shorter and less powerful that rallies in bull markets, but they still happen. Price is currently in an uptrend and forming a ascending triangle. Note that this...

guille8118

As many had predicted Bitcoin has broken down the support trendline establish back in Dec 22. EMA 200 has provided support in the weekly timeframe. The chart looks quite bearish. Note that even the highest high set in July 13th already had a clear RSI divergence. The next support stands at $25,000. I think it will break. I would consider entering shorts once...

guille8118 Updated 

Bitcoin has finally broken down and touched upslopping trendline by broking through 28,574 resistance. In the left graph you can see Bitcoin 1D from end of December 22 to today, in the right graph, you can find the same time period, but from end December 18 to August 19, so also pre-halving year. Although not exactly the same, they both present a strong impulse...

guille8118 Updated 

Solana has been retracing since it overshot on July 13th due to favorable Federal Court ruling for the crypto space. Note that Solana had been already clearly outperforming altcoin asset class in the days leading to the July 13th spike. Retracement has been very smooth, with low volumes and prices downsloping in clearly defined channels. The lower the volume in...