Despite what many may say negatively in the past few days as DOGE is one of the few alts to rise, DOGE at least has had quite a showing for bringing in some positive sentiment during a BTC drop as well as introducing many folks to cryptocurrency in the past few months. That being said, for anyone curious about the "bubble" possibilities of DOGE, I just wanted to...
It looks like UMA has had a great run against BTC as the price has begun to head downward for the latter. I rarely put the "USD" in the title of my posts as rarely is it significant, but I just want to call out a few things about UMA. 1) UMA is trending well against BTC, with a potential to keep up this trend and fall less drastically if BTC continues to drop (I...
A rather drastic drop just occurred for BTC with potential (probable) drops to continue (after possible short-term retracement). The long-term linear trend just took a rather harsh hit as the price dipped below the support around 58K and subsequently plummeted to around 51.5K USD. However, this doesn't look like the bull market is done just yet. Whenever I see a...
BTC is currently holding at some rather crucial support from the long term trend (white line). On the positive side, support has not definitively broken on price nor RSI, so very well might bounce (although it is right at the precipice, so there is understandable concern here). There is also still the possibility that this is still just retracement at the 61.8%...
My personal speculative opinion on CKB using Elliot Waves. As we can see the price is currently on 50D ema (purple line) and the price could go to the target 0,10$ from here, but it might also slide to yellow trendline. But we are highly bullish so buy cheap for upcoming massive gains.
DASHBTC looks like it is breaking a falling wedge that has formed since 2020 (green lines). Although DASHBTC originally formed and broke out of a smaller wedge during the explosion that happened in February (yellow line), it looks like volume still is not near the higher breakout levels for DASHBTC. Although this could mean a potential fake out, it also could...
This is my analysis for XRPUSD. I am a novice trader and I am open to advice. Green - 4H timeframe Orange - 1D timeframe Daily support is located where I saw big moves from that timeframe. The support area is where the trend stops a little bit and decided to have a break. I will enter the trade when the price would go through trigger with either one big green...
OMGBTC recently had a near breakout from a double bottom w-pattern a few days ago (blue dotted lines). It has since started to retrace (as is common with a double-bottom breakout), however, if it does in fact continue to break upward again, there is some interesting resistance right around the corner. Since 2018, a descending falling wedge has been forming for...
Bitcoin has been dominated recently by a huge influx of alt price increases while the price of BTC has steadied. However, it looks like a pushback is right around the corner in the next few days based on the current trends. On the one hand, there is a horizontal parallel channel that has continued since the beginning of 2019 (blue dashed lines)! On the other...
Compound looks to be another alt that is experiencing a neckline breakout from an inverse head and shoulders pattern. It looks like a slight retracement is now occurring which has the potential to break down below the neckline still, however, assuming the trend continues, it has a bit of potential upward as indicated by the head to neckline length extended after...
An inverse head and shoulders pattern looks to have been forming on the daily chart for ATOMBTC. It looks like the neckline has finally broken today. If the rules of the head and shoulder pattern hold (as of course, no pattern is guaranteed), it looks like there are still some potential returns possible if bitcoin continues its upward trend (as indicated by the...
It looks like LTCBTC has managed to break resistance of a wedge that has been forming since 2019 (blue dashed line zoomed in, see my previous posts for details about this resistance level). There is still a bit of resistance above the current ascending channel (dotted yellow line), but the target now looks to be a much longer "years-long" wedge that has been...
Bitcoin looks to have broken the ascending triangle (dashed blue lines) I mentioned yesterday. However, I missed an additional bullish sign with a short term inverse head and shoulders forming on the 4-hour chart (green triangles) that also had a neckline break earlier today (dashed green line). When the length of this pattern is extended at the breakout (dotted...
BANDUSD looks to be setting up a fairly textbook cup and handle pattern over the past few days. I have been noticing a few cup and handle patterns forming that have become rather profitable over the past few days with alts (e.g., OXTUSD and KNCUSD). Hence, it looks to be a fairly profitable pattern for which to lookout for anyone looking for ALT patterns that...
As I mentioned a few days ago, BTC looks to be continuing a slight dip after a neckline break (yellow dotted line) for an inverse head and shoulders pattern (green triangles) but now looks to be forming a bullish ascending triangle pattern on the 4-hour chart (green dotted lines). If resistance breaks upward, potential targets could be up to around 70K (green...
UMABTC could potentially be forming a rounding bottom and on the rise part of the U-shape. This looks fairly nicely confirmed by MACD as well so far. It is still a little early to be certain, but support looks to have been holding quite nicely a few days now. From what I am seeing, if the pattern holds, there could be some potential large jumps for UMA if BTC...
SKL looks to be continuing an ascending triangle pattern as I mentioned before. If the pattern continues, it looks like the next few days should be something to keep an eye out for a breakout potential around .85 with some resistance around the 38.2% Fibonacci retracement level. If that resistance does break (dashed red line), it looks like there is good...
It looks like the inverse head and shoulders pattern I was mentioning a couple of days ago has completed and the neckline has started to break upwards. The head and right shoulder also look to have followed the upward channel trend support (white lines) fairly well, so although there is still some leeway for some slight downward dips, the potential is not...