After breaking down from our Daily Level of 22,616, BTC is moving towards near the bottom of our ascending price channel of 21,544 which is not only our last range's VAH, but also our 1.618 Fib Extension Level. What if we break through these levels? The next level is in the area of 20790, which is where our gap is for CME futures chart, and also our Next Daily...
We see ICP breakout out of its descending trendline and retracing to its weekly level of 5.319 so far it has created bullish market structure in the higher timeframes (HH,HL) I would be more inclined to entering a nice long positions upon weekly close. If you think you've gotten awesome content from my TA, please smash that like (boost) button! It keeps me...
We see the BVOL breaking out of its falling wedge formation, and moving above its Weekly level of 16.67 For those who are unaware, the BVOL measures the amount of volatility coming to the bitcoin chart. Just like the S&P200's VIX chart. From my analysis of Volatility charts, there tends to be an equilibrium point in which price tends to gravitate...
We see MINA reached our 1.618 fib extension level of 0.82319340 while consolidating within a bullish flag But will it finally breakout? If you think you've gotten awesome content from my TA, please smash that like (boost) button! It keeps me motivated to continue hitting the charts for y'all!! I'd also love to see requests on any chart you'd like me to look...
After finding rejection at the last ranges VAL of 0.2928, ALGO has now retraced to 0.2682 which is exactly where the 0.618 fib level form the last high. If you think you've gotten awesome content from my TA, please smash that like (boost) button! It keeps me motivated to continue hitting the charts for y'all!! I'd also love to see requests on any chart you'd...
We see CHR moving within a descending price channel, seeing a reaction at its Daily high-term timeframe of 0.1813 I would like to see a success break above our price channel, with high volume, before entering a long on this gem :) If you think you've gotten awesome content from my TA, please smash that like (boost) button! It keeps me motivated to continue...
BTCUSDSHORTS has reached our monthly level of 818.2817. This may signal an overall increase number of short positions openings for the crypto space, which may signal a bearish sign. I will keep monitoring this chart very closely in the next coming days/weeks to see if it will reverse to the upside If you think you've gotten awesome content from my TA, please...
DYDX is currently consolidating within a descending price channel. Or in what some others call it, a "bull flag" Testing its last high from Nov 15, 2022 as support. Will this signal a breakout of this formation towards higher targets? If you think you've gotten awesome content from my TA, please smash that like (boost) button! It keeps me motivated to continue...
After breaking out of its macro downtrend, GRT found resistance on our Monthly level of 0.09564 only restest the breakout out of its descending TL and slice through not just the Monthly BUT reclaim its liq level at 0.10438 This is a very Prime Textbook Example on how to trade breakout trades 🥰 What is our next level for GRT to look for? My POI to enter a...
Hello Fam!! It's been quite a long time since I've sent out an idea on my charts! Today we are going to look at XMR in the HTF's For the past 242 days, it has respectfully moving within a descending price channel Although it is best for us to Trade the Range Until it Breaks, if this Gem does break upwards, it would be a very good HODL coin. I would be aiming...
I thought I'd share something very interesting, that may occur in the upcoming weeks, the upcoming months. Looking at the US Bond Yields, we see it forming a rising wedge pattern. In Elliot Wave Theory, it is called a leading 5th wave diagonal. The past weekly candle closed as a tweezer top AND finding resistance at the 0.786 fibonacci extension level. This may...
Hey Everyone!! It's been a while since I've posted an idea, but I wanted to do an analysis on Harmony ONE. At the time of writing we are currently on the weekly level, from Aug 2020. Aug 2020 is a fairly significant level as it had also created a liquidity level of 2.36 Typically, when these large wicks occur, price will tend to "eventually" return to it. I...
We see here that DYDX has broken out of its historic downtrend, retraced to test it local bottom of 1.18. Is this a confirmed reversal for DYDX? considering the sad news of FTX crumbling to pieces, monies will move from one dying exchange to another. Only time will tell whether DYDX will succeed in becoming the next leading exchange, behind Binance... So far,...
SFP makes a 68% move today However, it is a nearing a a daily level, liquidity level, AND the 3.0 fib extension level. Based on my count, the 3rd wave is the most impulsive out of the EWT counts. Will it continue its way to the upside? or find rejection on those said levels as resistance. :) Trade Super Safe Today Friends :))) If you think you've gotten...
Hello Everyone, I wanted to discuss the Rising Wedge pattern BTC has broken down from. Now these trendlines I have drawn since March 2022 and is now being validated. BTC has broken down from the wedge, also breaking the monthly level of 16,142 I have two scenarios. please see the following: 1. We continue to the downside finding support at the next monthly...
SPX has been moving upwards, forming a bearish consolidation pattern (Rising Wedge). Morever, if we take our fib retracement tool and go from swing high to low, we see it reach the 618 fibonacci level of 3864. For those in a long position, please take heed of this bearish pattern. However, this is only valid IF the pattern is broken down. I will most like not...
We see CHZ break out of our descending price channel only tap liquidity at the 0.262 level and return back. However, CHZ finds support of the 1.618 fib extension level, coming from lows of Jun 19, 2022. Almost Exxxxactly to the dollar. Will this signal a bounce to the upside? or a a downwards continuation? We shall watch and wait patiently for CHZ's next...
We see LINK make a nice 44% gain from Oct 23. But is this a reversal to the upside?? If we zoom out and look at the bigger picture of the chart, we can clearly see LINK is in range mode between 6.2 to 9.366 At the time of writing this range is approx 186 days old. As traders, when we are in a ranging market, it is best to TRADE THE RANGE UNTIL IT BREAKS. What...