Heres part 2 of the market breakdown, explaining my reasoning behind bias, price action and providing context to why i think we could be forming a temporary low before seeing a corrective move into higher prices.
Hey guys, its been a while so thought id break down the charts on BTC and TOTAL + TOTAL 2 and my perspective and bias on the current price action
A short video breakdown of the market dynamics across 6 pairs to give content to whats developing in the markets.
Heres a quick update on BTC and stablecoins, giving an overview of whats been developing since my last update.
A brief overview of BTC , TOTAL, TOTAL2 , USDT dominance, USDC dominance and DXY (dollar strength index). So guys, i thought id post an update on the most recent crypto market developments, i plan to push out a video alongside this too to break it down in depth but heres what im seeing developing so far. Ive correlated 6 charts that i think are worth looking at...
Heres another quick update of BTC, TOTAL, stablecoins and some altscoins in the latest market developments and the potential forming of higher lows.
FTT/USDT FTT has broken out of a massive bull flag on the HTF, having started an uptrend putting in a new series of higher highs and higher lows and forming the next higher low as we have corrected into daily and weekly demand zones. Price corrected into a supply to demand flip with a high volume bottom before reversing trend and flipping bullish. RSI on weekly...
Hi guys, heres an update following on from my last market overview discussing the dynamics of BTC, TOTAT, TOTAL2, USDT.D and USDC.D. Breaking down my bullish scenario and bias!
Here is a 20 minute breakdown video going over BTC, stablecoin dominance and the total market caps. I breakdown the correlation between stablecoin dominance and market reversals, HTF analysis on BTC and alts for a bullish outlook and my thoughts about where we are heading!
FIL taking off FIL has started to trend upwards with a huge influx in volume having gained near 50% in 2 days. PA failed to break the low set on 24th January after mitigating the last daily supply zone. There was a nice build up of bullish divergences on the RSI and MACD showing signs of strength coming back on the low and has since reversed after faking out the...
I have been publishing my thoughts on the crypto market lately with regards to the reversal of the trend and the correlations between stablecoin dominance and reversals. Heres a series of analysis i tweeted out since the bottom.
FIL has broken out of downtrend resistance after faking out the previous low with a high volume bottom and being very oversold on the HTF. 3D RSI reset with bullish divergence above the MA with lots of room for upside, MACD on weekly converging and showing first green bar on histogram and bullish crossover of MA’s. Price action has created bullish reversal pin...
ICP has formed a massive falling wedge on the HTF with lots of bullish divergence building up since August on 3D chart. Price completed a 5 wave corrective series with smaller sell side pressure in each wave. A new higher high has just been formed the daily with nice buy side candle on the weekly chart when the candle closes tonight. Signs of a reversal are...
VRA/USDT has corrected 82% from its November highs and into a HTF weekly supply to demand flip zone where it has broke out of downtrend resistance and retested with high volume. Its formed a high volume bottom with pin bar on weekly with highest volume on the chart since inception, price has since formed an uptrend on the daily putting in higher highs and higher...
BAKE/USDT has broken out of a falling wedge reversal pattern on the weekly timeframe. Having corrected all the way back to its opening price and into HTF demand zone, faking out the lows with pin bar candle close on the weekly. Price has put in a higher high on the daily and could be the start of a new uptrend for this one, would expect to see it mitigate the...
BNB has corrected 52% off its November highs and come back into HTF weekly demand zone, created nice rejection wicks into the zone and bullish pin bar candles on the weekly. Price action is trending upwards within an internal swing structure maintaining higher highs and higher lows on the weekly swing structure and now looking to flip bullish on the daily after...
FTT has broken out of a downward channel bull flag to the upside having retested the outer channel. MACD on weekly looks great having just created a bullish crossover and bullish divergences occurring on RSI and MACD as the histogram starts to print its first green bar since November. Weekly market structure is still bullish having put in a new HH and now formed...
TOTAL has broken out of a contracting bullish wedge maintaining bullish market structure on the weekly HTF. Price action has put in a new HH on the 3d chart with bullish divergences on the RSI having taken support on the MA and breaking out of downtrend on RSI and MACD showing signs of bullish momentum coming back into the market. MACD converging and showing an...