Yesterday, when Bitcoin approached the resistance at $26,800, we warned that another fakeout to the upside might be upon us due to the whales liquidating their positions and redistributing coins to retail. Shortly after that, Bitcoin broke above the resistance for a very brief time and then fell to around $26,100. Interestingly, the move-up coincided with Gary...
BTC has been moving around pivot point of the year few weeks ago, probably it will go within down trending to across 20k price level during next month.
Bitcoin (BTCUSD) broke above the 1D MA50 (blue trend-line) again today and is very close to registering the first 1D candle closing above it since August 01. At the same time it broke above the Lower Highs of the Falling Wedge pattern that started on the July 13 High. If it succeeds today in closing above it, we hav e high probabilities of seeing the bullish...
Pepe (PEPEUSD) is trading within a Falling Wedge ever since the first sell-off and sits below both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) which made a double rejection on the latest Lower High on August 14 2023. The 1D MACD is already on a strong post Bullish Cross sequence so the slightest break-out, preferably above the 1D MA50, will be a...
ETH is short term in a triangle squeeze, been touching the upper trend line 4-8 times first time August 29th. If it breaks out, you have the next major resistance at about 1660. I'm just gonna say this; it doesn't matter so much how we trade; it matters more how we manage risk/reward . I think in anything we do, it's important to trust ourselves, and that our...
MKRUSD turned overbought (RSI = 71.689, MACD = 59.900, ADX = 32.319) as it extended the rally that basically started on August 25th. The wider pattern is a Channel Up and the current run carries similar characteristic with the first run of this Channel. The RSI patterns are identical and symmetry wise we have started the rise to the third peak of this sequence. We...
In the previous article, we reiterated our belief that Bitcoin is headed lower. Today, we still hold this opinion and expect Bitcoin to drift to the area around $24,000 in the short/medium term (though beyond that, we still stick to the main scenario we have been warning about for the entire bear market rally, which is Bitcoin revisiting its last year’s lows). To...
Curve DAO Token (CRVUSD) broke above the 1D MA50 (blue trend-line) for the first time since July 30, with the 1D MACD breaking above the 0.00 neutral mark. The long-term pattern is a Channel Down since the February 21 High, which hit the November 22 2022 market bottom on its last Lower Low (September 13 2023). Every 1D candle closing above the 1D MA50 following a...
Bitcoin (BTCUSD) failed again to break above the 1W MA200 (orange trend-line), closing instead the 1W candle in red and is pulling back. Today's study is on the 1W time-frame and compares BTC's price action through the whole year to the U.S. Dollar's (DXY). You would expect a correlation between the two but as you can see on these charts, it has gotten...
Technical Analysis and Outlook: This week, Bitcoin did a backflip and created a new Mean Res 27200, with a substantial drop-down anticipation to our strategic Mean Sup 25100 and Outer Coin Dip 24200, as we anticipate a retest of the Mean Res 27200.
One of many such cryptocurrencies whose price makes a huge profit from early accumulation. If you want to earn from a distance—buy and accumulate positions before the "promising crowd hype" or when working on similar instruments skillfully limit your potential losses. Coin Market: Audius AUDIO It's worth noting that a local fractal (the smart ones sell to...
After a big drop in Litecoin from nearly $115 to less than $58, the opportunity for a swing trade in the opposite direction might be arising. The setup we are watching would involve taking a long position with the breakout above Resistance 1 and tight stop-loss below it. The idea behind this trade would be to ride the price retracement toward the 50-day SMA. The...
Last week we covered the Lower Highs trend-lines involved on Bitcoin's (BTCUSD) medium-term price action (see chart below) and how each break-out would be a Resistance break targeting the next in line: The Lower Highs 1 trend-line broke and almost hit our 27550 Target but the rejection on Lower Highs 2 (started on the July 13 High) has been so far rather...
Terra Classic (LUNCUSD) just hit the 1D MA50 (blue trend-line) for the first time since July 22. The pattern is a Channel Down going back to early March and every time the price broke above the 1D MA50, it went all the way for the 1D MA100 (green trend-line) to form a new Lower High at the top of the Channel Down. As a result, we will buy the moment the 1D MA50...
GMXUSD almost hit the 1day MA50 two days ago and has so far turned sideways. This inability to cross over this Resistance level that has been holding since early August, is technically a bearish signal. As long as it holds, sell and target 30.150 (Support A). If broken though, we can have a June 30th type break out to the 1day MA100. Consequently be ready to...
TONUSD has had a strong bull run as of late, turning the 1D technical outlook green (RSI = 66.857, MACD = 0.238, ADX = 28.071). The consolidation of the past two days is a first indication that we might have reached a medium term peak. In fact it would appear that Toncoin is reproducing the July-September 2022 price action, which after a first peak, pulled back to...
Immutable X (IMXUSD) is seeing a huge rally today, almost +50% so far, that has hit the 1D MA200 (orange trenf-line) and the top (Lower Highs) of the Channel Down. The previous 1D MA200 test (July 28) was a clear rejection and what started August's massive -46.80% decline. The last such decline (-46.95%) was in May/ June, the first sell wave within the dominant...
◳◱ Hey crypto lovers, we've identified bullish signals on the $FRONT / $BTC chart through the detection of both a Bollinger Band and a Resistance Breakout. The Bollinger Band indicates a potential bullish trend as the price has moved outside of the upper band, while the Resistance Breakout confirms this trend by showing the price breaking above a key resistance...