On today's Bitcoin (BTCUSD) study, we plot the historic Cycles on top one another, classifying them into different phases. This is an alternative but very useful way at looking in BTC's historic cyclical action as it offers a sound perspective regarding our current place on the Cyclical Scale. As you can see, the 2011 - 2013 Cycle is displayed in blue, the 2014 -...
BTCUSD is neutral both on the 1W (RSI = 53.284, MACD = 507.200, ADX = 28.424)) and 1M (RSI = 49.845, MACD = 467.000, ADX = 18.857) timeframes, an encouraging outlook as it is recovering ground from the 2022 Bear Cycle. This is a chart illustrates quite accurately the Cycles of Bitcoin, transitioning from Bear to Bull and vice versa. Right now we are in the retest...
MINAUSD crossed over the LH trendline that was keeping it inside the Bear Cycle and broke yesterday through the 1D MA50 aggressively. The 1D MA100 (which rejected the price on August 15th) is the next target (TP1 = 0.41500). After that we will wait for the first 4H MA50 pullback to buy and target the R1 level and 1D MA200 in extension (TP2 = 0.49350). ## If you...
Looking at this chart, it becomes more obvious how the alt coin market, which broke this Summer above the Bear Cycle's Falling Wedge, is preparing for a big move upwards. The 494.45 level has been tested 4 times and emphatically held on all as it provided rebounds that left large 1W candle wicks behind. The latest was on September 11 but stopped last week on the...
Comparing Alligator cross-over... 1.🔴 2.⚪️ 3.🔵 4.🟢... ...dear BTC and Crypto Nation👀 Will call out loud for you when next 3.🔵 occurs🚨🚨 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my...
Aave (AAVEUSD) is having a strong bullish sequence since the September 11 Low on Support Zone 1. Both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) are Supports now. However, it remains inside the 1.5 year long Triangle pattern and is approaching its top (Lower Highs trend-line). This suggests that the most optimal sell entry is approaching. The...
Bitcoin (BTCUSD) has completed a Bullish Cross on the 3D time-frame and that helped the price last week to start the short term rise that broke above the 3D MA50 (blue trend-line) for the first time since mid August. The previous 3 MACD Bullish Crosses have all delivered a Higher High within the 11 month Channel Up. What's also interesting is how firmly the MA100...
TWTUSD has crossed today over both the 1D MA50 and MA100 with force turning overbought technically on the 1D timeframe (RSI = 72.444, MACD = 0.001, ADX = 22.204). It hasn't closed a candle over the 1D MA100 since January 29th 2023, so today's closing may be vital for the long term. Even though the 1D MA200 looms just under the R1 level (0.9885), we believe that...
Avalanche (AVAXUSD) has been trading within a Channel Down pattern for the past 6 months and is testing today the 1D MA50 (blue trend-line). The same kind of test after a 1D RSI Bullish Divergence was performed in AVAX's previous Channel Down on January 09 2023. Observe the perfect symmetry on the RSI levels of the two dates. When the price closed above the 1D...
GALAUSD is testing today the 1D MA50 for the first time in two months on a green technical 1D outlook (RSI = 60.296, MACD = -0.001, ADX = 46.201). Being through all 2023 inside a Channel Down similar to 2022, we can argue that the next 1D MA50 cross over (like the 1W RSI cross over the MA line) can provide a rally similar to January's. That will be our trigger...
Bitcoin (BTCUSD) may have found Support on the 1W MA50 (blue trend-line) and rebounded but for basically the last 6 months it has been trading sideways/ consolidating. On the other hand, this hasn't stopped the altcoin market (orange trend-line depicting dominance) from breaking above its Bear Cycle's Lower Highs trend-line 6 weeks ago. Historically, when alts...
BSVUSD reached the 1W MA50 as it started the week on a strong bullish note, turning overbought on the 1D technical outlook (RSI = 81.503, MACD = 0.780, ADX = 33.231). We may not see the usual technical relief pullback that follows after overbought conditions as the 1W MACD just formed a Bullish Cross and remains under the 0.000 neutral level. This suggests that in...
In the previous article on Bitcoin, we discussed the possibility of another fake breakout above the resistance at $26,800. We stated that we expected the rally to be bought by retail, which seems to be confirmed by the latest data from LookIntoBitcoin, showing the number of small Bitcoin addresses (with balances below 100 BTC) increasing and the number of large...
About two weeks ago, we warned XRP would likely test its support near $0.43. However, this has not been the case so far, and XRP moved from around $0.48 to $0.52. Despite this upward movement, we believe the retest is still due to happen. In fact, we would not be surprised to see XRP continue lower than that, being dragged by the rest of the cryptocurrency market....
Bitcoin (BTCUSD) is having a strong break-out day on the 1D time-frames and below but this is only on the short-term. Still it is a step in the right direction on the long-term after trading sideways in the last 6 months within the 1W MA50 (Support) and 1W MA100 (Resistance). ** Cycle Peaks and angles ** Today's study brings you the a multi-cycle depiction on...
Bitcoin has completed seven weeks of trading inside the 1W MA200 - 1W MA50 range. It is no surprise that the 1W technical outlook is neutral (RSI = 50.743, MACD = 460.600, ADX = 25.554) as while the 1W MA50 has been supporting, the 1W MA100 has been resisting. The latter hasn't closed a 1W candle over it since April 25th and is at the moment the top priority to...
Traders,Bitcoin is now once again slightly bullishly biased. It has now absorbed the 26,300-26,500 price sufficiently and more accumulation has occurred. Additionally, we can observe a break to the upside of a descending TL and retest. Finally, the RSI is showing bullish divergence.However, with the threat of a gov’t shutdown looming, all bets are off when it...
Hey Traders. in today's trading session we are monitoring ETHUSDT for a selling opportunity around 1730 zone, ETHEREUM is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1730 support and resistance area. Trade safe, Joe.