So far since the November 2022 bottom, Bitcoin (BTCUSD) has formed the same pattern twice: roughly +100% rise, a Triangle that preceded the rally's top, followed by a roughly -20% decline in the form of a Channel Down. The latest high volatility of the past 3 days resembles those Triangle patterns before the peak. A +96.43% rise, similar to the previous Wave,...
Shiba Inu (SHIBUSD) is on a remarkable 2-week rally that has already hit the November 2021 levels. Such a strong move is the start of year long parabolic rallies and the one coin that Shiba seems to be replicating is XRPUSD. In fact it appears (on the 1W time-frame) that SHIB is copying XRP's 2014 - 2016 Bear and subsequent accumulation phases, which eventually...
Logarithm. Secondary trend. Three days time frame. Downward wedge. Maximum $480. Breakout zone. Everything is very accurate. Plan A . This is what the trend and the reversal zone look like on the line chart of the price. With percentages to key resistance levels for orientation. Plan B . You should also understand that if the price doesn't break through this...
The graph is logarithmic.Time frame is 3 days. Secondary trend. The wedge is in the final phase of its formation. The price is in its band near the support area of 96. Local double bottom 72% may be formed inside the wedge. Its confirmation and embodiment will bring the price closer to the wedge resistance breakthrough (red line). The price is near the area of...
Can we see for the first time a confirmation trend with a new break on BONE? This is exactly what we will follow in the coming time. There is a good chance that BONE can make a new confirmation for the break in the coming time. We will update if find a confirmation. The price of this moment is $1.38 and the coin will be only interesting if there is new...
Bitcoin extended its rise above $64,000 overnight. Since our previous update, there has not been much change to the number of Bitcoin addresses with balances exceeding 1,000 BTC. However, the addresses with balances exceeding 100 BTC continue to gain growing momentum. On the technical side, daily, weekly, and monthly time frames remain bullish, with multiple...
This chart on the 1W time-frame shows how symmetric Bitcoin's price action has been before and after the March 2020 COVID crash with the price action has been before and after the November 2022 FTX crash. Both within the long-term structure of a Channel Up, the bottomed below the 1W MA200 (orange trend-line), turned a Resistance into Support when the rally really...
Pepe (PEPEUSD) has completed a +760% rise so far from the February 05 2024 Low and based on this chart, it is far from over! In fact as both the 1D MA50 (blue trend-line) and the 4H MA50 (red trend-line) are supporting, this run resembles the rally of April 21 - May 05 2023 when Pepe rose by +2531%. During that rally, the 4H MA50 held and broke only when the...
EOS is a blockchain-based, fully decentralized network that enables the development, hosting, and execution of commercial-scale decentralized applications. EOS supports all of the core functionality required to allow businesses and individuals to create these dApps in a way that is nearly identical to how traditional web applications are created. EOS has the...
Hi everyone! Solana's main trend is up in the long term. After completing the bullish structure in the $265 area, SOL triggered an important corrective structure which correctly reached the first support area around 8.50. That said, a consolidation is possible in short term but from a technical point of view, it should be interpreted as an opportunity to take a...
Technical Analysis and Outlook: Bitcoin's price action saw a remarkable surge in the current week, which should not come as a surprise to this audience. After breaking through the completed Outer Coin Rally at 53000, Bitcoin's legit targets were 55000 and 59829, as this would. Bitcoin is setting itself up for the next launch, the Inner Coin Rally at 69000 and the...
Logarithm. Time frame is 3 days. Near the zone of historical lows. Asset accumulation zone. This idea, is an update of a previous local work idea (11 local work updates (the entire zone of this accumulation.) EOS/USD Local work. Reversal zone. % Published one year ago on 29 07 2022 Local reversal zone . Important mirror resistance level (former...
We've been talking about the possibility of Bitcoin (BTCUSD) seeing $81000 for a while now but this pattern on the 1W time-frame shows for the first time more clearly why this is a more realistic than ever! As you can see, by applying the Fibonacci Channel on the last 2 Cycles, we can see that Bitcoin just broke on the current 1W candle the 0.382 Fibonacci level...
Litecoin (LTCUSD) has managed to make a Triple Bullish Break-out as not only did it break above the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line), both of which have been Resistances since August 2023 but also above the Lower Highs trend-line that started at the May 10 20221 top of the previous Cycle. This constitutes a Cyclical Bullish break-out...
As euphoria grows more and more reminiscent of the market peak in late 2021, there is one strong warning signal emerging. Based on the data from LookIntoBitcoin, the number of Bitcoin addresses with balances exceeding 1,000 BTC underwent a considerable drop yesterday just as Bitcoin managed to break above $60,000. This figure dropped from 2,159 to 2,092, which...
though we have tested HTF supply. now we will wait for the great price action but still we can say we are now in the bull run. right now we can expect from the price to drop down upto weekly demand area which will be good for day traders to go with longs but as we just tested main supply. be careful we need to have more confirmations from the price action in order...
Dogecoin (DOGEUSD) has so far fulfilled our July 24 2023 call (see chart below) for 6 months of sideways trading and is about to get out of this Cycle's Accumulation Phase: As you can see on this chart, the price action respected our Accumulation Phase boundaries strictly and is about to form a 1W MA50/MA100 Bullish Cross. When this Cross was formed on each...
Bitcoin (BTCUSD) is closing the monthly (1M) candle today and to the surprise of most, it is near the November 2021 All Time High (ATH). In fact it is exactly at the level where the ATH monthly candle (Nov 2021) made its closing. As a result if the month of February closes today above it, we will have a new ATH monthly closing! ** The importance of the monthly...