melonfarmer5

melonfarmer5 Updated 

ETH has formed a clear ascending triangle pattern with a possibility of imminently breaking out to the upside. If rejected, we could see a breakdown to the ~2,300 support and subsequent rebound. My bias is still bullish. We'll let the market tell us what happens and respond accordingly. Worst case scenario is more boring consolidation. Stay patient. Happy...

melonfarmer5

A simple Elliot wave analysis of BTC's cycle. I predict we top out between 140-190k, before entering a bear market that will last ~12 months, likely ending early 2027. I can imagine that we form a massive H&S before we decline. I believe the widespread adoption of crypto, BTC reserves, ETFs, etc. will serve as a bulwark against too harsh a winter. We perhaps...

melonfarmer5 Updated 

BTC had a great run and needs to cool off a bit before further continuation to the upside. I suspect a retracement to the ~101k .618 fib, which will act as strong support. If we lose this level, I predict that we fill the FVG and put in a higher low around ~97-98k. After that, we're off to the races; expect to see a new ATH for BTC.

melonfarmer5

The time has come for ETH to make its historic reversal. With tariffs imposed and liquidity stalled, the market has dried up like a raisin. But fear not! It is in these moments when history unfolds and only those paying attention see it take shape in real time. BEHOLD NOW: The imminent return of crypto's most annoying sleeping giant. The pump shall gain...

melonfarmer5 Updated 

MORHO will be a big boy. I think it has potential to eventually hit $20+, but for now, we're eyeing the $5 level. I'm DCA'ing at the ~$2.9 and ~$2.4 level for a clean entry before pushing onward. Happy trading, Melonfarmer

melonfarmer5 Updated 

With a relatively small market cap of $200 million, I believe this coin has huge potential to pump. With a previous ATH of 0.3234, this coin is currently a steal at only 0.024. In the near term, I think 0.037 is well within the scope. I have high hopes for this little guy. Happy trading, Melonfarmer

melonfarmer5

A simple analysis. HBAR has formed a bit of a descending triangle pattern. We could either see a breakout to the top or bottom before it moves to a new ATH at .60. A 'safe' swing trade could be taken from the buy zone at ~.16 (if we even get there). Needless to say, I'm feeling bullish on HBAR. Happy trading, Melonfarmer

melonfarmer5

I'm interested in SOL's behavior against BTC. ETH will follow in suit. I think we're going to see a breakout in SOLBTC, corresponding with a sharp decline in BTC.D. This shows that alt coins are gaining strength as we prepare for a potentially bullish Q1.

melonfarmer5 Updated 

We are entering the final stretch of the BTC bull market. Compared to the 2018-2021 market, BTC still has 5-10 months until the end of the cycle. If we experience similar gains as last run, the price of BTC could very well reach 200k at its peak. The path of progress will be messy, as we've entered the distribution phase which will hover above the 100k level for...

melonfarmer5 Updated 

BTC is destined for higher highs, but not quite yet. In the next week or so, BTC could surpass the 100k level. I anticipate there will be significant selling pressure in this zone, as many long term holders cash in on their long term investment. The market will need to cool off. I would watch the 99.6k level closely, as we may see a SFP and drop to the 80-86k...

melonfarmer5

ADA has finished consolidating and has officially reached escape velocity, entering a strong zone of liquidity to fuel further movement to Jupiter. With a lovely confluence of increasing volume, a big green dildo, and Trump's victory, ADA is destined for further gains. With an absolutely screaming RSI, I'm waiting for a .34 fib retracement to 0.5465. TP1 at...

melonfarmer5 Updated 

A forecast and setup based on my prior analysis. Happy trading. -Melonfarmer

melonfarmer5

A likely scenario IMO would involve a retest of the monthly resistance, after which we see a SWF down to the ~20700 support zone. Then, we begin the 5th impulse up to the ~27000 resistance zone. -melonfarmer

melonfarmer5

Bullish Scenario Green spaghetti: If we hold the 20700 support, then upside to the monthly support at 23500 is likely. After that, we could blast through the low-volume range straight to 30k. Neutral Scenario White spaghetti: If we lose the 20700 support, we may drop down and touch the nPOC at 19500 (with weekly/VAL confluence) and see a bounce to retest the...

melonfarmer5

This scenario is possible. Truth is in the TA. Welcome back ya’ll. -melonfarmer

melonfarmer5

We're in a low-volume area, so there must be movement to the upside or downside of the current 40k psychological support zone (and .618 fib confluence). With low RSI and bullish divergences in early February, this pullback could be recharge that BTC needed before going higher. If we do go up, we will test the long-term trend line and possibly hit the nPOC at...

melonfarmer5 Updated 

BTC is looking a bit weak. The truth will make you mad, I reckon. BTC is not destined to shoot to the moon quite yet. I suggest a high probability of a 46K swing failure from the 45.4k previous high, which will take us back toward the 40-41k support range with a possible bounce or continuation downward. Happy trading. -melonfarmer

melonfarmer5 Updated 

SAND has formed a bullish cup and handle pattern and is on support. I predict that SAND will continue to outperform the market and we should expect movement to the upside. Happy trading. -melonfarmer