jalapablo

jalapablo

Cardano is on a downward trajectory. If it keeps up the pace, I expect to see the 1.272 Fib level re-mitigated soon. Under this level would be prime bargain-basement level prices to begin a DCA campaign. Or short. Whatever floats your boat. Possible liquidity grab into overbought territory north of the channel trend before the markdown and retest of the lows....

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Zcash (ZEC), like many other alts, is in a narrow downtrend. Volume Metrics show repeated failures to rally from trend resistance is due to low demand at these important junctures. It is obvious smart money is selling into these upthrusts; dumb money buys the top and then back into the wedge they go. Falling wedges fundamentally are bullish. But these bullish...

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Dogecoin didn't have much of a recovery after the latest sell-off. The automatic rally (AR) was unconvincing, on very low demand, and subsequent upthrust actions have resulted in failures to rally (FtR) with huge effort in volume not equaling any sizable result in the price action. This, plus the rising wedge-like structure of the candles and overall supply...

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Look for some good prices for FIL in the upcoming days/weeks as the price trends in this downward channel. Be on the watch for a liquidity grab along upper trend resistance before another sell off. Or we may just have a direct sell off back down to the 1.618 Fibonacci retracement level. This will be a good area to scoop up some bargain basement cheap Filecoin....

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LTC has broken out of the rising wedge due to supply predominance bringing the PA back down to range resistance where demand is still low. This hints at a possible retest of range support when often times the selling climax (SCLX) point is mitigated before any reattempts at taking range resistance again. It is also possible to see some consolidation here. My...

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XLM has topped out well above the broadening wedge and is distributing back into the structure. A retest of trend resistance failed and it looks like more downward action will play out. Look for short term PA to hit somewhere between the 1.414 and 1.618 Fib retracement zones for either short sales or the resumption of a DCA campaign.

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HBAR is trending within a rising expanding wedge. This is in itself a bearish pattern. Add in a failed demand test at trend support and we have a double confirmation of more blood to come. In the event of a sell off I've provided a sell zone that coincides with the mitigation point of the SCLX (range selling climax). Normally in distributions/redistributions the...

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XRP is looking to redistribute once again. Multiple demand tests at micro resistance have resulted in failures to rally while supply continues to build and predominate intra-range. Possible re mitigation of the selling climax may bring the price back down between .48 to .46 and perhaps even lower. But not before a potential bull trap (UTAD) to gather liquidity as...

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TRON is another token targeted by the SEC and in danger of a deep sell-off in the months ahead. Allegations of TRX wash trading have also been brought forth. In the event of a bleed out, these are the Fibonacci retracement DCA points I'll be observing to start scooping it up incrementally. Volume metrics presuppose redistribution, and evidence of smart money...

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I was looking at BTC today on the macro logarithmic weekly and noticing the trend, how it conspicuously resembled a rising wedge. It reminded me of where we currently are on the micro daily, wondering if another leg will be put up before the wedge breaks. Nobody knows for sure. One thing is true on both charts: demand volume is reducing in divergence with the...

jalapablo Updated 

BTC has a potential Wyckoff schematic distribution (#1) playing out on a smaller 45-minute fractal. Volume metrics support the impending markdown with increased selling power (supply) throughout the general duration of the range. This makes sense. On higher time-frames -- daily and above -- we are clearly topping off within an ascending wedge. BTC however is...

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Solana's waves have been expanding steadily, with a series of higher highs and lower lows, with the last attempt at trend resistance amounting in a large rejection wick. This came after an above-average demand volume bar, showing us, once again, that bears are in power. If the ABC correction plays out, we can expect the PA to fall back to trend support and retest...

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It finally looks as though Terra Classic (LUNC) is forming an accumulation range. Either that. or it's one hell of a H&S distribution. The volume metrics seem to indicate an accumulation campaign by Smart Money, however. This would explain the solid floor it's held since the SCLX, and the diminishing volume in both supply and demand during periods of lateral...

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The wedge is still rising and playing out as forecasted. Clear diminishment in demand (buying power) in contrast with rising price action. This sort of divergence is toxic to the bulls. We've got another push in make (5), however, before we see any sort of ABC correction, and this may happen in the next few weeks. This final wave can propel BTC to upper the 35-40K...

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Things are looking a bit supply-dominant for BTC after failing to rally above range support. Volume metrics have been showing decisive selling power for a few weeks now, with a marked UTAD and a series of subsequent last points of supply following the price action back down to TRS, where it currently hugs with more demand rejection wicks. Nothing is 100% in...

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This ETH chart ties into the BTC chart I uploaded the other day and reenforces the concept of a potential further downside over the course of the next few months. Rising (aka ascending) wedges are by nature bearish harbingers of price action. They are essentially lazy crooked tops where the micro support and resistance lines both rise in an unparallel fashion. In...

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An ascending broadening wedge has emerged for Bitcoin over the past few months. These structures are typically bearish, especially if the price action has touched the micro resistance line (top of wedge) five times or more. Keeping in mind nothing is 100%, especially in crypto trading, it is worthwhile to analyze these patterns according to their historical...

jalapablo Updated 

A potential BTC distribution is playing out, according to Wyckoff Schematic #1. Nothing obviously is 100% in (especially in crypto), but the resemblance is uncanny. This relief rally IMO has been unsustainable, so such an outcome shouldn't come as that big of a surprise. I realize this is a 2-hour chart but let's see how it plays out!