Could Bitcoin see a touch down to $46377.00 with a possible uptrend heading to the price Target of 100k per BTC? If Bitcoin fails at this key level, I would become slightly Bearish, with a floor at: $44423.00. If BTC breaks the "floor" I would expect a possible Bear market to follow (assuming an immediate uptrend doesn't follow this dip in price.) If (when)...
Algorand is currently testing the bottom of the handle? Could we see a move up to $2.75-$3.00 next? The Salt Conference in N.Y has ended, and this could very-well bring heavy volume into the crypto space, with Algo being a key-backbone to the ever-developing ecosystem.
The Salt Conference in N.Y is setting up the Crypto Space for heavy volume and adoption. Algorand is holding steady at $2.00, and could see an uptrend within the next 48-72 hours. Chart Patterns: Algo is forming a nice cup and handle pattern, and could see a drop to $2.00 (which would be the new "floor.) Price target is around $2.75-$3.00 per Algo.
A quick summary: Using a Bars patter copied from June 15th, 2021, to July 16th, 2021, you can see that Bitcoin is follow this pattern almost exactly. I used a basic scenario of assuming that the miners (that left China recently) are starting to find a more permanent residency and are now re-starting their mining rigs. There are also other factors leading to a...
From Tesla, released: July 12th, 2021, Business Wire: "Tesla will post its financial results for the second quarter of 2021 after market close on Monday, July 26, 2021." I would expect Tesla to continue falling in price through Monday (07-26-2021.) Several reason would back up this theory: over-head resistance, the descending-triangle that's been forming and...
The Euro is due for a retrace back to 1.17530, listed below are some reasons (in my opinion) why the Euro might fall to the United Stated Dollar and hit or over-exceed the price target. 1.) Europe has seen a rise in the Delta-variant case (and fears of another extended-lockdown loom over the general public.) 2.) Based off of current chart patterns, it is more...
I posted a slightly more detailed "idea" similar to this on the BinanceUS Charts, so this will be a shorter version of that theory. By simply taking a bars-pattern (seen as the green bars) copied from June 15th, 2021 to July 16th, 2021, and flipping this pattern BTC might see a retrace to at least 40 thousand by mid-August. This theory (in my opinion) makes sense...
The general price range 28k-39k should satisfy the needs of both the "buy the dip" and "conservative" trader. This zone (I believe) allows for multiple entry point to an overall Bullish trend, with a price target of 100k per BTC. I recommend looking at my publicly posted idea (on the 1-day chart) to view my "reasonable" outlook for a price target of 100...
I believe the pink oval shown here would be an ideal entry/buy point for an overall bullish uptrend.
07-16-2021 Things to consider/Chart Patterns: I’ve been tracking this descending-triangle since mid-April, which started forming on January 25th, 2021. This descending-triangle is trading exactly as expected. The RSI is showing price volume trend down as well. Price is currently under the Exponential Moving Average. I believe $555.00 could be a good entrance...
07-16-2021 Algorand (Possibly Bullish Breakout) Algorand is primed for a Bullish trend change, many factors back up this theory, listed below are a few supporting a possible uptrend prediction. Chart Patterns/Fundamentals: Algorand is on the bottom of an Ascending Channel (lower orange line,) that is on the verge of busting-out of the Descending-Channel (blue.)...
07-16-2021 Bitcoin (Bullish Scenario to 100k) I’ve heard this price prediction by many investors within the Crypto world mentioned often, and I feel seeing a chart that (reasonably) predicts this scenario may help. This is my theory on how Bitcoin’s price may reach, or even exceed, $100,000.00 by the end of 2021. Bitcoin’s overwhelming popularity has seen the...
I've tightened up a possible "buy-zone" from a previous idea I posted on the daily chart (07-15-2021.) It's important to take into account the extra volatility that comes with the Crypto world, so a drop below the red buy zone (oval) wouldn't be ideal, but is not unordinary. This drop in price could become an issue if it didn't quickly rebound to previous levels....
(Bullish features to consider) Based off of Chart Patterns, a Descending Triangle starting from: 23:00 07-05-2021 (visible from the 1-hour chart) is forming and indicates an impending price change; volume is also trending down which is good for the over-all Bullish scenario. To enforce the possible uptrend even further, there is a rounding bottom that started...
The entire market (crypto and traditional markets such as the NASDAQ composite and the DOW JONES) took a down-ward turn earlier yesterday. There are MANY reasons for this, interest rates being a major one. However, the crypto market seems to have bounced back almost immediately from this drop. From the handful of other altcoins I've studied, including Eth, they...
I've been charting Enjin, and it seems positioned for a breakout soon. In order to see ALL of my findings though, you'll have to change the timeframe just a bit. On the 1-day chart we are on the bottom of an ascending-channel; currently coming off of-a-third touch on the bottom-line of an ascending-triangle. The price target (low) of $2.30-$2.50 was just met; I...
I've been charting Enjin and it's been showing patterns of an ascending-triangle. The 3-hour chart shows sale/buy volume the best (in my opinion.) Based on historical data of the ascending-triangle trading pattern, we might see a breakout by Thursday (05-13-2021.)
I've been charting Enjin, and it seems to be showing indications of an ascending triangle (on the 1-day chart.) On the larger scale, it is currently on the bottom half of an ascending channel (still on the 1-day chart.)