After hitting bottom what happens? After we hit bottom, there is no other place left to go but up! That's a true statement don't you agree? We have a true bottom here (All-Time Low) for SafePal (SFPBTC) and if only by a few satoshis what follows is a major bullish wave; notice the same recovery pattern... Here comes the weekly timeframe: ➖ Notice the ATL,...
➖ The current move on the Tesla stock (TSLA) is not supported by market fundamentals and can thus be considered weak. ➖ A weak counter-trend move can be used as an opportunity to sell (SHORT) by smart individuals/traders. ➖ The Tesla stock (TSLA) is set to drop long-term based on the individual stock long-term price dynamics. It is likely the best is already in...
Right now saying COIN or BTC is the same, if you want to know where the market is headed. Where Bitcoin goes, Coinbase follows. Bitcoin is headed lower. We are going to be looking at Coinbase (COIN) on the weekly timeframe. First, we have the classic rounded top pattern, kind of like an inverted cup; we know this pattern to be a top signal. ➖ The week...
➖ Bitcoin is now red for the fifth week in a row. ➖ Confirmation is no longer needed, the market is about to sell-off. We are looking at Bitcoin on the weekly timeframe. Notice how the week just started and we already have a full red candle. Normally we get the first half of the week green and the second red, on a normal week. This change in behaviour is...
Good morning my dear follower, please allow me to entertain you for a few minutes with this chart. Here we have Bitcoin on the daily timeframe; we are using mainly two signals for this analysis... Join me, let's dive in. Bitcoin Analysis ➖ We have the visible range volume profile indicator showing liquidity around 50K, 44K and 25/26K. ➖ We can see BTCUSDT...
I can spot a perfect 5-up wave pattern from October 2022 through March 2024. A correction is likely to follow next. On the chart we have a classic Zig-zag (ABC) correction (5-3-5) but any type of correction can develop. It can be flat, complex, extended, irregular, etc. There is always the possibility that wave five is not yet over or that it becomes extended;...
Hello once more my dear supporter, let's review another chart together... We do this for learning just as we do it to spot trading opportunities. Good looking charts with nice growth potential. "High probability chart setups." This time we are looking at Golem (GLMBTC). I like the BTC pairings for many reasons but we will look at those in a different post. Let's...
➖ We have a bottom formation, Adam & Eve, developing and prices trading above the May 2022 low (grey on the chart). ➖ We have a strong RSI as prices moved recently above EMA10 and EMA21. ➖ We have a broken downtrend. Simple signals yet very strong. Once we hit bottom, the only place left to go is up! ------ ENTRY: $7.65 - $8.50 NEXT SUPPORT: $7.00 TP1:...
It won't be easy to choose the pairs that will grow while Bitcoin goes down; this is the hard part. Many pairs will crash really strong when Bitcoin produces the "meat" of its corrective move... I think the correction will be short-lived, in a way. That is because we are already almost two months in and nobody has seen it nor felt the pain. The crash will happen...
A strong bullish divergence with the RSI; Rising volume with a rounded bottom; RSI above 50 as prices come out of a new All-Time Low; Let's start with ENSBTC daily RSI The strong bullish divergence starts in June: ➖ ENSBTC = Lower low October vs June ➖ RSI = Higher low October vs June The rounded bottom is a classic with yesterday's session producing...
➖ Toncoin (TONUSDT) is now entering what is likely to be a very strong correction/bearish wave. This is clear based on a descending triangle as a top pattern, as well as the highest bearish volume ever on the 19-April 2024 session. These two signals are more than enough but we also have a weak RSI. ➖ Toncoin hit bottom June 2023 and grew all the way through...
There is no limit to how far up it can go... How are you feeling today my fellow Cryptocurrency trader? I hope your week and month starts just fine, or better yet, great! I am hoping that everything is going good for you and if it isn't, here is a great opportunity. Many charts, many options, many Altcoins, many pairs, many trades... With lots of many, there...
This is the weekly timeframe and the action is already pretty advanced; Contentos has been growing since October 2023. Since Oct. 2023 COSUSDT started its last major bullish wave, but technically speaking growth has been happening since November 2022 when a bottom low was hit. ➖ COSUSDT just hit a new multi-year high, as high as back in April/March 2022,...
The falling wedge pattern without a doubt is a bullish reversal pattern. A breakout from a falling wedge can take its time to play-out which can be appreciated here as the pattern has been going for more than 1,000 days or almost 3 years. Other than this pattern, what other signals point toward a reversal? I can think of two right away: 1) Trading volume coming...
Tomorrow, 25-April, is a very important date astrologically speaking. Certain planetary movements are pointing toward the resumption of forward action. What would this imply for Bitcoin? ➖ Bitcoin peaked 14-March and has been consolidating since. ➖ Bullish momentum has been going down. ➖ The current bias is bearish based on multiple bearish signals such as: high...
This is a strong scenario right now and something we have all been wondering... How are you feeling today? With so many Altcoins now really strong but yet to complete their bullish cycle and Bitcoin ultra-bullish, it calls for additional growth many people say... I hope you are having a wonderful start to your week! ➖ Bitcoin is trading near resistance, at...
This is only one signal, just one and this is one of the most simple and effective at the same time —how are you feeling today? The mother of all crashes, truly? There are always some mixed signals or mixed feelings when reading the Bitcoin chart: ➖ When the chart is clear, it goes the other way. ➖ When the chart is mixed, we don't know what to say. Either way...
We are very familiar with this pattern as it repeats over and over through many charts; The Adam & Eve bottom pattern. First we have a pointed low followed by a rounded one. Notice the downtrend (orange channel) leads to sideways (blue channel) and then a drop which ends up as a bottom pattern. Once ATABTC moves back above the blue channel price range then the...