Bitcoin (BTCUSD) broke and closed below its 4H MA200 (orange trend-line) for the first time in 2 months (since February 05). Last time such a pull-back off a Higher High took place was on January 12 (orange circle), which confirmed the extension of a short-term correction that found support on the 1D MA50 (red trend-line) and rebounded. That was a -21.41% decline...
This probably still needs time but we're approaching an inflection point, it may take another month or two to wind up, so I'll have to watch. Bitcoin has been popping up in it's low liquidity enviroment, and the MM is likely net short due to the influx of buyers. Since the market needs sellers, it's possible MM will push price down to get some liquidity. On the 1...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Triangle variant, no triangle train tunnel vision, though. This would be ideal from here. Looking for a W(4) here to match (2). NGL and say this doesn't look impulsive.
Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014. I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k??? Well no need to get too excited, time will tell which way we're going and it's too...
Short Term target is 54k Long Term target is 20k Monthly is consolidating and will likely find it's way back below the 20 EMA near the bottom of the Keltner Channel.
Target is 54k May reverse in the 54-64k zone to fill the gap left at 20k. Bullish if we can break the double top formation, Target is 80k-120k Expected to hit 54k with in the next 6 weeks.
Pendle (PENDLEUSD) is on a short-term pull-back after the 1D RSI got overbought above 70.00. This is consistent with all previous times the RSI got that overbought but against common sentiment, which would suggest exhaustion of the bullish trend, that was a signal to buy halfway through the Bullish Leg. As you can see on the two Legs before, that signal emerged...
Yes it is not April Fool's, Bitcoin (BTCUSD) just closed a record 7 straight months of gains for the first time in history. Since it's inception, there hasn't been an exchange where BTC made more than 6 bullish monthly (1M) candles in a row. What started in September 2023 as merely a hold and bottom formation on the 1M MA50 (blue trend-line), eventually evolved...
◳◱ On the $WAVES/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 4.043 | 4.281 | 4.702 and support near 3.622 | 3.439 | 3.018. Entering trades at 4.066 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Waves ▣ Rank: 206 ▣ Exchanges: Binance, Kucoin,...
◳◱ On the $APT/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 19.0383 | 21.0016 | 24.6 and support near 15.4399 | 13.8048 | 10.2064. Entering trades at 17.698 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Aptos ▣ Rank: 26 ▣ Exchanges: Binance,...
◳◱ On the $AVAX/ CRYPTOCAP:BTC chart, the Falling Wedge pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.0008353 | 0.0009121 | 0.0010296 and support near 0.0007178 | 0.0006771 | 0.0005596. Entering trades at 0.0007576 could be strategic, aiming for the next resistance level. ◰◲ General info...
◳◱ On the $ANKR/ CRYPTOCAP:BTC chart, the Bband Breakout Super-Trend pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00000096 | 0.00000108 | 0.00000135 and support near 0.00000069 | 0.00000054 | 0.00000027. Entering trades at 0.00000091 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Ankr...
◳◱ On the $BNB/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.008869 | 0.009226 | 0.009943 and support near 0.008152 | 0.007792 | 0.007075. Entering trades at 0.008422 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣...
Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started. That Channel Up also formed a Triangle half-way through and when the...
We haven't looked at Ethereum (ETHUSD) since the start of the year (January 09, see chart below) but it did give us an excellent symmetrical buy opportunity and easily hit our $3000 Target: We now move out to the 1W time-frame in order to understand where the current 2-week pull-back is positioned relative to the previous Cycle. As you can see, ETH is past a...
SingularityNET (AGIXUSD) is having a tremendous rally since the start of the year and after a 2-week pause with red candles, it appears to be resuming the uptrend sequence. That is 2nd the Bullish Leg within the dominant Channel Up pattern that started after the July 11 2022 market bottom. The 1st Bullish Leg posted a +1965% rise and was rejected exactly on the...
Bitcoin Cash (BCHUSD) is posting a very aggressive 2-week rally but short-term buyers should get too comfortable as it is approaching a landmark Resistance. That is the Lower Highs trend-line that started on the December 2017 All Time High (ATH). The previous Bull Cycle got rejected on that trend-line, guided by a Channel Up, below the 0.786 Fibonacci retracement...
Bitcoin (BTCUSD) continues to see enormous grow, despite the recent 2-week consolidation (blue circle) after breaking the previous All Time High (ATH). BTC is no stranger to such a consolidation as it also took it 3 weeks trading sideways when it hit the ATH during the previous Cycle in November 2020. What followed after that was an aggressive rally marginally...