reees

reees Updated 

it's starting to feel like the market is following ether's lead more so than bitcoin. since bitcoin's all-time-high in may, all the subsequent price action seems to have been catalyzed by a technically significant event on the ETH/USD chart. 5/10: ETH makes all-time-high and bounces off of the long term trendline and the massive market selloff begins. this...

reees Updated 

take a look at the way SOL has moved this year. after each period of consolidation, price has rallied HARD (3x-4x). if i were trading this breakout, i'd take profit in the $230-$250 range (in case we see a top where 2x buying pressure subsides), and let the rest ride. of course i'm NOT actually trading this because i think there's a lot more room to run before...

reees Updated 

a picture is worth a thousand words. over the last 7 years, price has approached this line 7 times. only twice has it successfully broken through to the upside.

reees Updated 

squeezing tightly as we approach the end of consolidation, so i'm expecting this one to break soon. with some bullish hidden divergence along with support on the bottom BB since june, my money's on a breakout to the upside. even if price breaks lower, i think it's likely to catch a spring and ultimately push higher.

reees Updated 

he's baaaaaack. a new ATH and support at $39.6k means it's open season for 2x leveraged bulls all the way up to $79k-$80k, where i'm expecting the next local top. keep in mind that BTC was due for a correction before the ETF news dropped, which effectively cancelled the correction and propelled prices higher. when corrections are overdue, prices are...

reees

AXS just had another nice little run , and the total market cap is posting new highs. how high will this thing fly by end of year? i think another 10x could be in the cards. based on the trends in market cap and AXS dominance, i can see AXS hitting $1400+ in 2021. $6.2T market cap is looking reasonable: and AXS dominance is on pace for 1.42%: that would...

reees Updated 

answer: pretty f*ing high. $1300+ is looking more than reasonable by the end of 2021. SOL has proven it can pump when much of the rest of the market is ranging, as we've seen price double since its prior ATH in may. let's assume the trends continue for total market cap and SOL dominance. that would put the market cap at around $6.2T and SOL's market share at...

reees

like we're seeing with ATOM and many other alts, ADA is squeezing through the end of a consolidation period. i'm thinking the next push will likely be propelled by a dip down around $2.00, where i'll be looking to buy. $2.95 is a safe intermediate target, where we'll likely start to see resistance near the ATH and where 3x long pressure subsides. if that...

reees

here's that $57k local top that we we've been looking at for a few weeks . when price manages to break through this resistance (around $60k-ish), we're almost certainly heading for a new ATH and i'll be eyeing $79.2k as the next stop. however, i think some pullback to $52-53k and $49-$50k is most likely before any talk of $60k+. i'll probably be increasing my...

reees Updated 

normally i would consider this price action bearish (sort of a hybrid H&S/descending triangle), but in this case i'm expecting ADA to follow the rest of the market, so i'm watching for a breakout to the upside. longer term, i'm looking to unload ADA at the 1.618 fib channel extension , but may trade the breakout with immediate targets at $2.80 and $3.80. ATH...

reees

looking for a breakout here. i'm targeting $36, $50, and $70 next.

reees Updated 

AXS is moving against the grain. strong bounce off the 2x short/.5 retracement level at the bottom of the triangle, and now watching for a breakout to the upside. a push above $72 (strong resistance at the 2x long level) would look super bullish to me. a rejection at $72 would likely send us back down to retest support around $59.

reees

retracement is looking healthy to me, and our potential support levels from last month have been spot-on so far: i'm actually surprised we didn't dump down to the third level given the recent FUD out of china. that tells me that demand is strong at $40k. while i'm not necessarily ready to call this the bottom, i'm absolutely buying alts on these dips in case...

reees Updated 

i really like the looks of ATOM. big long potential, so i'm definitely holding some for the foreseeable future, but i'll be looking at a target in the $60-$70 range to take some profits.

reees Updated 

after an ascending wedge, rampant bearish divergence of the RSI , and a recent run-in with an old foe , i think we're due for a correction. taking a look at 3 key zones where price could find support: potential support 1: recent resistance level turned to support. notably where 3x long pressure ramps up and 3x short pressure cools down. potential support 2: ...

reees Updated 

big picture, ETH is looking strong with a perfect bounce at the intersection of the .618 retracement level and the bottom of the channel . i think the recent breakout above $3450 means bulls have confidence in a new support level for long liquidations around $2900. with that in mind, i would expect resistance around $4370 (where the prior ATH and new 3x long...

reees

fractal of the prior advance (15m candles). sure, it's gone 200x since the beginning of the year, so what more can you really expect? then again... why bet against it?

reees

leveraged longs are gaining confidence in the $28.6k support level, so it's probably a good time to take a look at where to expect margin pressure. we had resistance where 3x buying pressure drops off and 3x selling pressure picks up, but that was quickly turned to support. 4x and 5x short pressure is likely to ramp up if BTC continues to advance. the 2x long...