BTC will pull back to 16100 to 16300 level and bounce back up to 18500 level. If the recent price action repeats we will continue with the sideways action and slowly move up as accumulation continues.
Pi cycle bottom and top indicator has been pretty accurate over the history of bitcoin price action. It is currently once again flashing "bottom." If history repeats itself we may see a price action similar to what I projected in the chart aligned with the long term trendline. The Pi Cycle Indicator forecasts the cycle top and bottom of Bitcoin’s market cycles....
Bitcoin will have a side ways move a lot longer than the masses anticipate. I expect in the near term a price action similar to the one shown on this chart. If the history repeats itself we will bounce to 24k and then we will have a dip that will create a great buying opportunity going into 2023. This is not a financial advice.
If the historical price action repeats, BTC will hit 52K by March 2022. We have a weekly green dot on MarketCipher and we went from red to green heiken ashi candles. When this happens we typically get 6-8 candles of a continuation of the bullish trend. I put the forecasted price action on weekly scale on the chart.
Luna at 4 hour time frame shows signs of weakness in the upward move. A pull back to $82-85 is possible in the near term. Based on the recent historical move when Market Cipher gave us a similar exhaustion signal, we could go down as low as $77. I will be looking to sacaling some Luna around $82-85 level.
SOL has multi time frame squeezes and it is setting up similar buy signals as last August. If history repeat itself, we may hit my first price target of $200 and if we break $200, it is possible that we will visit $500 by the end of the year. Look for trade entries at the half way point of the last heiken ashi candle. The set up is invalidated if the price moves...
ETH has multi timeframe squeezes and if history repeats itself we may hit my first price target of $3500. I forecasted the historical price action based on Market Cipher waves in similar set ups. Let's see if this follows the similar path. Below my stop loss line the pattern gets invalidated. Always DYOR.
FTM has multi-timeframe squeezes and Market Cipher is showing divergence BUY signal. If we project the historical price action of FTM to near future, we can predict a $2 price target. if we go below the stop loss line, the pattern is invalidated.
It looks like Super is about to revisit my buy zone. This is where I would be looking to add to my position.
AVAX has multi time frame squeezes. And the shorter time frames indicate that they might fire to the upside. We also have a cup and handle pattern breakout at 1 hour chart with a price target of $88. $77 and below is my buy price. And I will DCA if it moves down to $75. Not a financial advice. I'm just sharing what I'm doing. If higher timeframe squeezes fire as...
Hector DAO continues to consolidate before a retest to set up a double bottom around $13-$15. I think sell pressure will continue into end of February with potential rebound in the beginning of March to retest the resistance trend line .
Superfarm is at the support trendline. This may be a good buy zone for the long term and it provides a good risk reward. We would keep a tight stop loss at the support trend line. If Super doesn't respect the support trend line and go below it with volume we would exit the position for a small loss but if it continues to respect in line with the historical price...
LOOKS seems to be pulling back to previous resistance trendline to test it as support. With multiple squeezes forming, this may create a good re-adding opportunity since we took profits previously. My first price target is to $7 from here.
Looksrare is setting up multiple squeezes again and established nice support trendline. Wait for a pull back to my buy zone in the next few hours. My near-term price target is $5.
Looks rare has multi time frame squeezes and about to breakout to the upside. Wait for the pull back to my buy zone at the resistance trendline turning to support line. With the current money flow and squeezes firing to the upside, we may see my first price target of $7
ADA chart looks good for a breakout and it has multi time frame squeezes and it seems to be on the way to test the $2.20 resistance level. My first price target is $1.80 and my second price target is $2.20.
HEC DAO seems to be on a path to $40 first and if it breaks $28 is possible before it bounces back. When we brokeout of the resistance trendline last week and went back up to 80s we had glamour of potential reversal but HEC got rejected there. Unfortunately, since then selling pressure continued. We have squeezes forming to the downside. It looks like HEC will...
FTM continues the path from my last post. Our first price target is 4.5. With the Total Value Locked right behind Solana, there is no reason FTM marketcap to be less than 35-40b range. 4-5x from here is possible. Not a financial advice.