mathewsverghese

mathewsverghese

MATIC trading inside a channel between 1.02 and 1.04.. If it can break out of it, it may go up a bit to maybe 1.05 - 1.06. It may be a god idea to buy low and start taking a bit of profit in the short term if it breaks out of the channel. Rise in BTC will result in MATIC also going up.

mathewsverghese

BTC has been on a downward slide as can be seen from the chart. It has been on a downward slide n the channel. It has held the 32.5 K level. It is likely that today and tom and the market will be in red. Fridays now seem to be red day over the last 2 weeks. If it breaks out of the channel, it is likely to go to 33k. We may see BTC between 32.5 K and at max 33.5 k...

mathewsverghese

There seems to be accumulation going on currently. The support levels of 33 K have held up very well.. We may see sideways movement mostly all of today.

mathewsverghese

ETH is trading in a narrow downward channel. If you compare it to the BTC chat, it is clear that when BTC goes up, eth seems to go up as well. Good point sof entry will be around the 2K range for another upswing when BTC goes up.

mathewsverghese

BTC has held up very well over the weekend and the usual dumps we have been accustomed to did not come by this weekend. This augments well for BTC. It was on a rise yesterday evening with many predicting a rise to 41 k. This target is still on the table but it will need to overcome the resistance it is facing at 36k and flip that into support first. Currently, it...

mathewsverghese

BTC has been moving sideways. That is better than a move down ofcourse. It seems that it is preparing for a big move.. The calm before the storm. We may continue to see if between the 32700 to 33700 range today and tomorrow as well

mathewsverghese

BTC has come down from its highs at 36 K Recently. There is talk of a retest of 30 K levels and fear it there. However, BTC seems to be moving sideways and th3 33 k levels do seem to be holding. Going into the weekend, we may see more sideways movement with small spikes upward to try touch 34 K or below 33 500 k as well. It is a good opportunity for many to buy...

mathewsverghese

BTC has not had a great day... Has come down form its highs of yesteray. However, the support of 34 K ahs held up. If it can hold it through today , we could look to more highs... This may be a retest as per the wyckoff model However, we will need good volumes an some green candles to finalize that the upswing has restarted.

mathewsverghese

DOT has been on a steady upwards trend. Though it has dipped a bit now, one can see the formation of a V or even a W pattern. It has done the W pattern before as well and the last time it did a W Pattern, it went up . Hence, it could continue with its upward trend but by doing a W as well. if so, there could be entry points for those who want to enter into a...

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Quite undervalued and well below its highs of USD 2. MATIC continues to be an amazing project and at a steal at these prices. Yesterday, we saw MATIC go up to 1.20 and a little beyond that. However, the BTC pull back has affected it as well with prices coming down to 1.15. At this stage , it may be a good time to enter MATIC especially if BTC starts moving up....

mathewsverghese

Quite undervalued and well below its highs of USD 2. MATIC continues to be an amazing project and at a steal at these prices. Yesterday, we saw MATIC go up to 1.20 and a little beyond that. However, the BTC pull back has affected it as well with prices coming down to 1.15. At this stage , it may be a good time to enter MATIC especially if BTC starts moving up....

mathewsverghese

BTC went up to a high we havent seen lately to 36 k and a bit beyond and has now pulled back. However, if one looks at the wyckoff model, a small pull back was expected. Also, the volume with which it crossed 36 k was not too great. It may trade between 35K to 36 k, if this is the pull back as per the above mentioned model and then start its way in Phase D of the...

mathewsverghese

BTC has now crossed the 35. 5 K barrier and heading up. Volume is good too and the RSI does show it on the upward direction. However, it may pull back slightly below 35 .5 k and retest , this are to flip it into support. As one can remember has been trying to overcome 35 k for a day or two now so either 35 k or 35. 5 has to become support now. If it remains in the...

mathewsverghese

DOT has been on the rise especially with the parachain auctions on the canary network KUSAMA. The volumes are good and so is the RSI. The RSI has been on a steady rise and as can be seen. Its trading in the channel now as shown. Good for a long or two to maybe 20 or above. with all on the BTC bandwagon, many miss out important coins like DOT with major...

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ETH is one which is coupled with BTC to an extent. Though it has shown in recent times that is dependency has reduced, its still there. With BTC going up, one is likely to see a rise n the ETH prices too. It has so far crossed 2k barrier with decent volumes. From yday evening, it crossed over into 2100 and has held that level pretty well. My next set of buy...

mathewsverghese

BTC has been on an upward trend since yday. However, the 35 k level has been rejected again.. We are going to see movement between 33500 K to 35 K as another attempt to cross the 35k resistance is expected. It has to cross with good volume for the 35 k level to flip into support. Sideways movement in the above range is expected today. Smaller longs can be put...

mathewsverghese

ETH has shown life after the low levels of 1700- 1800. However, it is coupled with BTC to a large extent even though in the past it has shown itself to be less coupled to BTC than normal. If BTC goes up to 35 K, we could see ETH touching 2K levels easily. Post 2K, the target will be 2050 and then 2100 where there may be resistance. With good volumes and BTC...

mathewsverghese

BTC had a good weekend with prices dropping and the 30 K level being retested. Having held out successfully again, it seems that 30 K is a very very strong support line. On sunday, it went to 32 K - 33 k and it has now crossed into 34 K. I expect it to oscillate between 33 K to 34 today with a push towards 35 k being created. With good volumes, it can cross the...