Why not? I hope you are feeling good but if you are not, you should after a few days/weeks of the entire Altcoins market going deep green. High up. Long-term sustained growth. ➖ AUCTIONBTC (Bounce) grew by an astonishing 811% last year. The bullish wave peaked late December 2023. This is the first bullish wave after a strong bear-market (downtrend), so lots of...
RIFBTC is now trading above MA200, not only that but today's candle is actually moving higher, which means that this level is now confirmed as conquered, it worked as support. This implies that the next move is a challenge of resistance; The next major move after the January 2023 bullish wave is now about to take place for this pair. We have a major long-term...
This is now a repeating theme. Hundreds if not thousands of Altcoins hit bottom October 2023. You can see Barnbridge (BONDBTC) being in the same situation. Notice a v shaped bottom on October and a higher low as an inverted triangle this month, February 2024. The higher low comes with a volume breakout indicating that the correction is ending or reached its end...
We have an early winner with ACEUSDT, a new Cryptocurrency gaming project. The chart is showing a clear and strong consolidation pattern with a bullish breakout already taking place. This bullish breakout is matched with ACE moving daily above EMA50, above-average trading volume and the RSI super-strong —Multiple bullish signals combined equals growth. Ok. As...
SEI is a new project; SEIBTC a new chart, a new crypto. We cannot go by historical data we can only go by current action and that's ok. ➖ Current price action reveals a very strong bullish bias. ➖ Current price action shows little retrace after the most recent peak and clearly EMA50 (magenta line on the chart) working as support. ➖ Current price action indicates...
We have quite a few strong bottom signals coupled with bullish signals... Flow can grow vs Bitcoin in the months ahead... Let's dive in. FLOWBTC ➖ Notice a strong downtrend (blue dotted line) coming to an end. ➖ As a low is hit in June, volume starts to rise, letting us know that the bulls are ready to play. ➖ We get a second low in October and once again...
After hitting a low late October 2023, Illuvium started to move within a new bullish impulse (5 waves). The initial bullish breakout (wave i) peaked late November 2023 followed by a correction (wave ii). The correction ended as a higher low compared to the start of wave i which is necessary for the count to be valid. Wave ii is followed by wave iii, a higher...
Prometeus has been moving up since early December 2023, a total of 170% growth but what is more surprising is today's session... 85% green in a single day. Now, can there be additional growth? Absolutely... Let's dive together into this weekly chart. ➖ PROMBTC is moving weekly above EMA50 with high volume, which tells us that long-term growth is possible once...
You know what happens if people can't withdraw to fiat? What happens if it becomes harder to withdraw? This is a great setup, the Vechain v Bitcoin (VETBTC) chart... Let's do this! A bottom/low was hit December 2020 followed immediately a 800% bullish wave. It all started after the September 2019 low, with the All-Time High for this pair being 5,000 satoshis,...
Look at this, I will show you a volume signal but first some context. Mobox (MBOXBTC) has been dropping since December 2021, more than 800 days or 2.2 years. This is definitely a extreme bearish trend... It is coming to an end. Zoom in to present time, between February 2024 and October 2023, an uncharacteristic rise in trading volume, strong bullish action in...
Superfarm (SUPERBTC) has grown by 900% since late Oct. '23, so we might be late... Is it too late? While it is wise to enter at low prices, near support, the chart is still pointing up. SUPERBTC broke out of an ascending triangle recently and is currently full green. As new highs are hit trading volume is relatively low, this tells us that there is room for...
For some pairs the bullish wave is already old news, as can be seen from Blur which has been growing since October 2023. The chart is a bit messy but hopefully it conveys the message. ➖ On the left side BLURBTC was bearish. ➖ On the middle portion of the chart Blur produced a bottom pattern and then went bullish. ➖ On the right side BLURBTC is now...
Ignore the title I am just trying to be funny... In this expert edition of "read the charts" we are going to look at the TSLA stock long-term. Are you ready? The Tesla stock TSLA peaked November 2021 after completing a massive 3,412% rise that started July 2019. It is always interesting to note that November 2021 is the exact same date that Bitcoin peaked. So...
"Once we hit bottom, the only place left to go is up!" Don't you agree with this phrase? Alien Worlds (TLMBTC) hit bottom yesterday, literally just one day ago. We don't know if this is the actual bottom but we do know that this is the All-Time Low. Now, looking at the whole market, it is possible that this is the bottom and the risk is low if this isn't the...
MA200 Here sits at 528 and when a Cryptocurrency pair trades above this indicator long-term bullish potential is active. This is what I know based on experience, years of experience. MA200 is not shown but you can easily do this yourself by opening up C98BTC on the daily timeframe and plotting the MA indicator and setting the period to 200. SMA (Simple Moving...
Keeping it very simple as usual, because simple is best. If it gets too complex it just means that something is wrong or we do not understand it well enough. Before we even get started... If it doesn't move up, the last low (0.00000514) should be the stop-loss, so this is ultra-low risk; very high growth potential. The best type of chart setup. Also notice how...
But just hit a new high today and the highest price since December 2021, believe it or not, more than two years ago. ➖ This is a bullish development of course but doesn't necessarily means that Bitcoin will move ahead and hit anew All-Time High, in fact, correction potential becomes stronger after this move. What can change though is the low for the next...
Here we have an interesting chart, one that leaves no clues as to what is coming in March, April, June and the rest of 2024 for the Cryptocurrency Altcoins. How are you feeling this morning? I hope you are having a wonderful day. ➖ Nervos (CKBBTC) produced a very strong bullish breakout today pushing its price above EMA50 and EMA100 weekly, a major bullish...