h77nry

h77nry

Just a quick & simple update for SOL. I have a few of my entry criteria being met for a trend change short opportunity on Solana. On the daily time frame you can clearly see the crossover of the SMA's (1) The market has pulled back to retest the crossover price area which also lines up with the %61.8 fib retracement level which is additional confirmation for me...

h77nry

Previously i stated i was waiting for XRP to develop to provide more data to generate some better predictions using TA. I said that XRP seems to be in a consolidation phase and it still looks that way, aggressively bouncing between key levels. Price rejected support at $1.95 and pumped to $2.47 which is roughly where XRP is sitting now. Based on basic TA the...

h77nry

As you can see XRP is entering what looks to be a consolidation phase / sideways market cycle. On the higher timeframes (daily) it is also evident. There is a lot of uncertainty and manipulation taking place with XRP, bouncing around from key level to key level. The whales are laughing all the way to the bank as retail traders emotional decisions of buying and...

h77nry Updated 

An update on my previous post regarding XRP. As you can see XRP did break through the $2.40 price level, i would like to think this could be some manipulation and a liquidity trap from short sellers at the $2.40 level as it is an easily identifiable key level. On the higher timeframes however the fib does show a perfect reversal of half the previous extension to...

h77nry Updated 

Gold has been in a bear market since its ATH of $2,790 back in late October, as my previous gold post stated there was an opportunity for a short against gold which could see potential returns of around 7-8% in just 60-90 days (prediction generated using trend cycle AI tools). I have slightly adjusted key level's after spending some more time utilising MTFA, the...

h77nry

BTC long opportunity to $103,670. Simple break out from a descending pattern coupled with rejection from the SMA's on 4hr time frame and the rejection from $99,000 on higher time frames, also notice the low test candle on the 4hr slightly piercing through that support level. Expect a pull back at around $101,600 - $101,700 for liquidation and relief for retail...

h77nry Updated 

SMA's clearly crossed on the 4hr time frame, a key support level broken and looks like a retest of what is now the resistance approaching. If we get a clear rejection on the $2,40 resistance and the SMA's cross on the 12hr i would be inclined to stop buying XRP for the moment and wait till the market plays out to potentially buy the dip, no point continuing to...

h77nry

I posted this trade before entry in the Covesta community but forgot to post it here so here is a mid trade update lol! Generally speaking i think ETH was pretty shaky prior to the BTC rally starting in late November which resulted in all ALT's rallying so i think some of the bearish / sideways momentum in ETH has been covered due to the general successful...

h77nry

BTC is at an ATH, currently hovering at around $100k with a daily candle looking to close above the previous major resistance level of $99,485, turning that key level into a support for the future market. This is an area we should be wary of, considering all factors especially the volatility it will bring with mass liquidation as well as new entry's both short...

h77nry

Solana has been outperforming ETH for a while now, not only on the charts and for investors but behind the scenes as well. Some simple price action coupled with the certainty retail traders have of SOL indicate a breakthrough of the ATH resistance, not to mention the bullish general market sentiment crypto has at the moment. I would put SOL in the top 3 at the...