Market structure still in a downtrend with smaller time frame range bound / chop. Looking for short opportunities 2900-3000 range, and longs 1700-2000 range.
Volatility has been reset from the market. Price was pushed down due to liquidation of over leveraged long positions - buyers were forced to sell, NOT because they wanted to sell. What does this mean...? Best opportunity to enter long positions now. Why? 1. Bitcoin holding 21W MA support (bull market support band) 2. The 41-44k range also includes 50D MA,...
Volatility has been reset from the market. Price was pushed down due to liquidation of over leveraged long positions - buyers were forced to sell, NOT because they wanted to sell. What does this mean...? Best opportunity to enter long positions now. Why? 1. Bitcoin holding 21W MA support (bull market support band) 2. The 41-44k range also includes 50D MA,...
From the ascending triangle pattern STMX looks to be re-testing the rising lower trendline support. If it can maintain this key area of support and continue validating the pattern through consolidation within the triangle, then a breakout would be more likely to the upside. In this case, I would expect this breakout to occur in late April/early May as long as BTC...
ADA has now been consolidating for just over 2 months above $1.00 during this current bull market cycle. The fact that it has been maintaining this price without significant variation in relative trading volume and that it did not undergo a correction below $1.00 during the crypto market pullback last month is a very bullish signal. From technical analysis of...