Cryptoslothx

Cryptoslothx Updated 

In my previous analysis of QNT I outlined that a bear flag would force the coin to retract to point e. (read here ). It's coming to a point where the flag will be tested at e. If QNT closes below it's 50MA and closes again below the lower low trend line I see two potential outcomes. It retraces back down to c. which I'm calling accumulation zone 1, or it...

Cryptoslothx

I haven't made a post in some time - namely because I wanted to let the FTX issue settle. It's interesting times on Twitter, sentiment is overall bearish, and it's hard to make heads or tails of the market at the moment, given the ongoing threat of multiple liquidations of ETH and BTC from the FTX hacker. Furthermore, at any point where we see some recovery, we...

Cryptoslothx Updated 

After a chaotic week and the second crypto meltdown for 2022 (thanks to the insolvency of FTX this time), it's nice to see a potential bit of relief forming for ETH. A symmetrical flag is forming close to the bottom end of the recent liquidation. We could see a little bit or relief. A return to pre-meltdown prices doesnt seem likely, however returning to the...

Cryptoslothx Updated 

The 8th wave of BTC price movement within the falling wedge has stalled - and what is usually a bullish pattern seems to be throwing out bearish signals. Normally, at this point of the wedge, a lot more trade activity would occur, which breaks through the downtrend. Nothing seems to suggest to me that a mighty push-up is on its way. ** Disclaimer** I'm a novice...

Cryptoslothx Updated 

Many people argued that $APE coin was going to $3 - and despite the Fib showing me that it would need to bottom out the fib table to get there, I believed it for a moment. I've since slowly changed my mind as I noticed that APE was testing the ~$4.1 support line(historically and presently). That support line has been rejected for the 5th time to date. I...

Cryptoslothx Updated 

I was planning on doing a more robust write up on ETH but the breakout of the falling wedge BTC made and therefore ETH made, has pressed my hand to start something a little sooner than intended (plus I'm meant to be on holiday atm) ** Disclaimer** I'm a novice trader working to put my thoughts out there to see how the stack up against the market - please feel...

Cryptoslothx Updated 

Theres some tweets circulating around about xrp regarding smart contracts - I have not yet read into it but one of my key goals is to compare twitter to actuals and so I'm starting this one off thin and will update as I understand more. in the short term Im holding off on any entry into XRP. I suspect we will be testing the support line in the next day or so...

Cryptoslothx Updated 

www.tradingview.com ** Disclaimer** I'm a novice trader working to put my thoughts out there to see how the stack up against the market - please feel free to share/comment on my thoughts - please don't use this chart as financial advice I spotted QNT trending on twitter which is often a horrible trading strategy but a lot of people use to heap into trades. I...

Cryptoslothx Updated 

In recent time an inverse relationship has emerged with BTC and DXY Previously there were spikes that had inverse relationships between DXY and BTC (2018 and 2020) but since November last year there has been a solid inverse relationship that has been sustained the inverse pattern quite consistently. ** Disclaimer** I'm a novice trader working to put my...

Cryptoslothx Updated 

** Disclaimer** I'm a novice trader working to put my thoughts out there to see how the stack up against the market - please feel free to share/comment on my thoughts - please don't use this chart as financial advice At this point, though, $APE coin sits in a precarious symmetrical triangle and has progressed quite deeply into it. It would suggest that APE is...

Cryptoslothx

ADA ATL is a gruesome look at the promising coins' position in the market. However, a long-term rally is coming; we can't see it amongst the bulls dumping this project into the ground. Is ADA dead? Right now, it's suffocating slowly, and all indicators show a continuous trend down in the short term, so where is the absolute bottom and when moon? If the fib is...

Cryptoslothx

I am a novice trader testing my knowledge against the market. Please don't use this publication as financial guidance. I write these as points in time to reflect on my original hypothesis. I do encourage comments and idea sharing, so please leave me a comment if you think there's more to discuss with my idea Like most coins, it looks like ETH is following a...