Pattern = Ascending Triangle Action = Buy on the ascending support, Sell on the Resistance Zone. Buy if the top of the Resistance Zone breaks. Target = 0.054120 (the high of October 16th). Please like, follow and comment!!
The Descending Resistance started on August 15 is now history for Bitcoin as it breached past it today. The 1D MA200 is right above at 19520 and is posing as the biggest obstacle on the long term. However the bullish channel has been constructed and looks strong enough to lead the price gradually higher to the upper Fibonacci extension, which as you see fit...
Our algorithm has shown a rising wedge in ETH which is one of our favorites patterns. That's because when you find a rising wedg during a trendline, the outcome is incredibly useful. If the pattern is broken downwards as expected you know that the trend is not over and you can still take advantage of shorts. Sometimes, a rising wedge breaks the upper trendline...
- May the true spirit of Christmas shine in your heart and light your path. - Stay humble stack sats and see you at 10T Cap! Respectfully yours.
XRP is trading within a clear rising range however it is in danger of falling further if the dashed line breaks based on the May fractal. It is best to buy above the dotted line or below the ranged channel within 0.300 - 0.2500. In both cases the target is the 0.5590 Resistance. Please like, follow and comment!!
Pattern: Ethereum is trading inside a Triangle since June 18th and right now it has been below the 1D MA50 (blue line) for a full month. Action: Sell below 1D MA50, buy above, target bottom and top (dashed lines) of the Triangle respectively. Notable: 1D RSI forming a pattern similar to mid June/July. If sustained it can finally break above the Triangle and much...
GRTUSD hit today the 4H MA50 (blue line), where last time had a rejection (Nov 23). Pattern: Falling Wedge, 4H time frame. Action: Buy target Fibonacci 0.5 and 0.618. Sell if rejected on the top of Falling Wedge, target 0.05200 support and -0.382 Fibonacci. Buy above the 1D MA200 (orange line). Please like, follow and comment!!
The FTX Token is having the best daily run since the exchange crashed one month ago and we see a lot of euphoria coming back to the market but be advised that you shouldn't get over-excited as, despite breaking above the 4H MA50 (blue line), the price is still range-bound inside the 1.175 - 2.100 25 day Rectangle. Only a break above 2.100 can be a buy and that's...
Standard Channel Down for Bitcoin on the 1D scale. Since August 15th all Lower Highs were rejection a little over the 1D MA100 (green line). Currently the RSI is rising like the previous time. The 1D MA100 is now at 18900. With this projection the price can break it around 18500. Will it get rejected again or this time will be different? Follow us, like the...
Bitcoin's monthly CCI indicator has bottomed and is already trending upwards. The previous three times this happened, it marked the bottom on BTC and it started rising as well right after. BTC has been in this range since June and it is not all that different from Nov 2018 - March 2019, March 2015 - Sep 2015 and December 2011 - June 2012. Technically this should...
Avalanche is having a good stretch in December but we can't lift our hopes yet as it remains below the 1D MA50 . Even if it breaks it, it will still be contained inside the Falling Wedge of June. Our signal to enter AVAXUSD will be when it breaks the 1D MA200 , which is untouched since April 10th. The bullish target will be $30.00. Until this happen, with the...
GMX recently broke out of an Inverse Head and Shoulders, a pattern that technically starts bullish reversals. Based on the RSI, one last pull back to the 1D MA50 isn't out of the question but it is highly probable to see GMXUSDT at $86 (2.0 Fibonacci) by the end of the year. Follow us, like the idea and leave a comment below!!
Big rebound on Axie Infinity since yesterday but it is nothing we haven't seen before. The price did break above the 1D MA50 but remains within the 1 year Falling Wedge. The one line that hasn't been broken or even tested since January 5th is the 1D MA200 . A break above it, being near the top of the Wedge, and AXSUSD is off to its new bull market. Follow us,...
The chart is pretty self-explanatory. The Crypto Total Market Cap (top chart), which is the market cap excluding Bitcoin has had strong expansion periods when the DXY (bottom chart) was on a downtrend. The pattern behaviour before and after those periods seem to be consistent between them. Now the DXY had a major rejection on a Higher Highs Resistance that goes...
Let's keep things simple. The 1W RSI rebounded on the Channel's bottom in June, a Channel that has flawlessly caught all cycle bottoms since 2011 and as a matter of fact the Highs as well. The first two cycles peaked a little below the 1.5 Fibonacci extension from the previous High (bottom to top of Bull Cycle). The last one peaked on the 1.236 Fibonacci. If the...
The Litecoin has been testing the 1W MA50 (blue) line in the past two weeks for the first time since November 2021, indicating the bearish pressure that the market has been through these past 12 months. This goes against the heavy selling pressure on Bitcoin and other high capitalization coins. We've mentioned countless times that LTCUSD tends to do the initial...
The ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019). The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can...
we an see bitcoin has aggressively broke the $18,750 weekly support line, i believe bitcoin may comeback to retest that area and continue the bearish trend to $11,972 area