OKX:BTCUSDT has created a classic Head & Shoulders pattern on the daily timeframe. If it confirms below the neckline, we could see a pullback to $60,500 - the same distance from the peak of the Head to the neckline from the breakdown. This is not actionable until it confirms, when a candle closes lower than the first candle closing below the breakdown. Given...
KUCOIN:TAOUSDT had an incredible move up last month, nearly 2x from the mid-300s to a high of $480. We've hit a short term high, and seem to be in a consolidation phase. How low will this go? Well, if we look at the Fib Retracement levels from the start of this run up to the recent high, we can identify three likely entry points: $385 $360 $315 If you...
At $0.46 BINANCE:ADAUSDT has hit resistance and formed a double top. We have had a nice altcoin pump, now it's time to retrace. If Bitcoin keeps going up, Cardano could break through this resistance pretty easily, but a short for a few days may be lucrative.
How high could this COINBASE:BTCUSD pump go? FWB:48K is a solid level to exit. There was a local low at FWB:48K in March of 2022. The Fib retracement level .618 between the ATH of SWB:69K and cycle low of $16k is at FWB:48K Many traders are talking about exiting at this level, which will bring selling pressure I can understand HODLing through...
(REPOST with better chart) We know a bull run is coming, with ETF approval and institutional money adding to volume early next year. But how high could BTC go? Here's an educated guess: We just closed 8 weekly green candles on Bitcoin. You can't see the last time this happened in many TradingView exchange charts, because it was back in 2017, and most of today's...
We know a bull run is coming, with ETF approval and institutional money adding to volume early next year. But how high could BTC go? Here's an educated guess: We just closed 8 weekly green candles on Bitcoin. You can't see the last time this happened in many TradingView exchange charts, because it was back in 2017, and most of today's exchanges weren't even...
Bitcoin is in a wedge pattern, which narrows to a point on the 9th of September. This means we will definitely see a breakout, to the upside or the downside, before that point. BINANCE:BTCUSDT will not keep us waiting for much longer!
For the past two weeks, BINANCE:XRPUSDT has been in a descending channel. Price just broke out of this channel, making higher highs for the first time in a while. If this maintains, we could see a retrace back up to $0.73. Are you bullish on XRP? Now is a good time to load up your bags!
Solana has been on a tear the last few weeks, one of the best performing large-cap tokens this year. How high could it go? Well, looking back to February of 2022 on the Monthly chart, $75 was the low point of the wick. Price recovered, and then fell through that level with the FTX collapse. If CRYPTOCAP:SOL continues to climb, $75 would be a good place to take...
BTC is not only at resistance, there's also a Death Cross on the RSI indicator. - KUCOIN:BTCUSDT is at an upsloping resistance line going back to Feb 2022 - There is also significant horizontal resistance around 36,500 - The RSI is at 77.5, going lower than the RSI MA (81.19) which could signal a downtrend Shorting looks very appealing. But, the last time I...
There's a lot of hype around the BTC ETF right now, and with hype comes greed, and with greed comes price crashes. Institutional money won't be able to go into BTC until ETFs are approved and functional. We won't see big volume for a little while, so this recent move up is all expectation. We just touched a massive trendline, which goes back to the lows at the...