Bullish look for ocean here. The last two times the Stoch RSI crossed on the weekly, it proceeded to make a 500-1000% run up. Don't expect this time to be any different.
Looking for that double bottom before a big move up vs ethereum.
How to play the LINKUSD cycle on the weekly. Buy points using Stochastic RSI. Nothing new.
70% retracement in line with the rest of the market. Target is 500%-600% increase against BTC through Q4 based on FIBS. Coincides with bullish news from VIDT creating an NFT for a exlusive rolex.
Little action to come over the next few weeks if BTC continues to follow the pattern. This means we could see some big moves from ALTS during the next few weeks. Downward momentum on BTC would be negative for ALTS. Most bullish however for degen and newer defi plays (rot, drc, core).
Finished the retrace of 75% for the second cycle and building for the third move up. Also finding bullish divergence on the 1D chart is a key indicator of a reversal. Expecting this move to make significant traction towards the end of the week, with the potential to approach ATH.
Even further indication that ZAP cycle could be ready to turn up on the 4H chart. Reasons to be bullish: >70% retracement from previous high. Higher low. Hidden bullish divergence. Break out of descending resistance. Price under 50, 100, 200 MA 50 MA under 100 and 200 MAs and beginning to curl up. Reasons to be bearish: Only 72% retracement from...
Seems like the ZAP cycle is finishing up here. Reasons to be bullish: Higher low on the daily timeframe. Hidden bullish divergence. Beneath 50d MA. Consolidating for over twice as long as previous move (38 vs. 14 days). Reasons to be bearish: Only 68% retracement from second pump compared to 82% in the first pump. RSI losing steam at resistance. ...
Seems like the current cycle is running longer than the 2014-2017 one. Made some measurements based on this hypothesis. Consolidation: From 2013 high to the first orange line: 791 days 2017 high to the second orange line: 1001 days ATH Projection: Time from first orange line to 2017 ATH: 686 days Expected time to next ATH: +/- 868 days (~Jan 2023) Remaining...