Everyone is expecting a massive rally due to the launching of the Bitcoin Futures ETF this week, but I wouldn't be surprised if we have a small pull-back instead, and also wouldn't be alarmed over it either. A lot of people may speculate that this is the end, comparing it the the launch of Bitcoin Futures being the ultimate end in 2017/18, but that just doesn't...
BNB has just entered a small channel between around $450 and $505 and is currently wrestling with ascending resistance and back-testing the bottom of the channel for confirmation. Whether price jumps to $505, flipping resistance into support, or slowly works it's way there while fighting resistance, a price move toward the top of the channel to $505 seems likely...
Solana, like many altcoins currently, is forming a giant cone or megaphone, with ascending support lining up with the previous ATH in early to mid January. Currently touching the support line, we are ideally looking for SOL to bounce from here and again meet horizontal resistance at around $170, before attempting to work it's way back up toward ascending...
The Polkadot chart is just beautiful right now. There are very clear levels of horizontal resistance and multiple ascending trend lines providing support and resistance in the form of a megaphone with an obvious middle. A steady 3-month climb toward the ATH looks likely, with horizontal support and resistance lines within the ascending megaphone providing some...
Cardano has been fighting horizontal resistance at around $2.30 and $2.38 the last few weeks and has been finding support along an ascending trend line. If ADA continues using the trend line as support, price should break the horizontal resistance of $2.38 by end of October and potentially continue to slowly move upward along the ascending support line, finding...
Right now Ethereum is directly in the middle of the $3350 - $3950 channel fighting middle resistance at $3650. Look for either a pull back to $3350 where price should find support and continue to find ascending support over the next month or so before breaking the ATH. If price were to break upward from where we are now and challenge the previous ATH over the...
Look for Bitcoin price to bounce off support at $52k and form a channel in the ranges of 52 and 58k, and 58 and 65k, using ascending support along the way to an eventual breakout of the ATH sometime in late November / early December
The last 2 months Bitcoin has been forming a smaller but almost identical Wykoff Distribution pattern to the one it formed before crashing more than 50% in May. Is another 50% correction around the corner or will BTC price hold?
We had a clear reversal signal on the 15 minute time-frame at the bottom off today's cryptocurrency market sell-off. This reversal lost momentum almost immediately and the market went sideways suggesting we still have further to go in this correction.
Prior to this past week, everytime we touch the 50 EMA on the daily we immediately bounce off of it. After knocking on the door a few times, this most recent dip to the 50 EMA was not met with an immediate bounce. Hugging the 50 EMA like we have been all week suggests that it is about to give way and the S&P should fall further, aiming for the 100 daily EMA next.
Bitcoin Dominance has double-bottomed on the daily and is looking to retrace back up to the descending support/resistance line it has been honoring for a little over a year now. This retracement would put dominance back up to around 45%. Zooming in on BTC.D on the hourly time-frame shows strong upward curling action and bullish crossovers setting up for a move...
BTC price run-up after last week's correction has met ascending and descending resistance at a mesh point around $48k and seems poised to retrace to the bottom of the $44k-$48k channel that it has fluctuated in for the most part for the past month.
The US Dollar Index has formed a third, smaller "W" on the charts, following 2 larger "W"s, the second of which isn't quite complete yet, but looks like it will be fully formed after a breakout above the neckline of the smallest "W" that just formed. This would also bring price to the neckline of the larger "W" on the macro, and also completes the appearance of a...
There are still two Bitcoin Futures gaps looming underneath us at approximately the $33k - $34.5k and $24.5k - $26k ranges. If the gap theory is to remain true, the price of BTC needs to come down and fill these gaps still before the bull market can resume
An oversold market on the monthly time frame looks ready for a multi-month correction continuing a recent multi-year trend of alternating seasonal corrections, each correction falling further than the previous before finding support at a slower Moving Average, before reversing back upward. This next correction should find support at the 200MA which looks like it...
Elongating a layover of the 2013 / 2014 "double-bubble" bull-run to match the early 2020 bull-run shows that Bitcoin is still right on track and that this current correction is not necessarily the beginning of the 3-year bear, and that a few more months of sideways movement is needed to further extend the bull-run deep into 2022. This would also align with...
Bull-runs in crypto typically move in 3 distinct waves. Did Cardano just complete it's 3rd and final wave on the ADA / BTC paring signaling an end to the bull-run for ADA until the 4-year next cycle?
Potential scenario if Bitcoin were to break down out of the bearish continuation pattern it has formed later this week after retesting the double-pattern a couple of times
