Looking at the daily on CFX we can see a major sign of weakness that MAY be signaling we are ready for a much larger move to the down side. After an insane 2000% push to the up side we seen a 50% retrace of that entire move and have since pushed up exactly 50% of the way to the top of the mega rally. This is a 50% retrace that has put in a lower high, had a...
Looking at the btc daily spot index chart measuring from bull high to bull low and dividing it into 1/8th increments as taught by WD Gann we can see 48k is at the 75% or 6/8ths mark. If you pull a fib retrace it is also the .618 retrace level. For further confluence looking back at earlier provided macro charts 48k is also the value area high when price traded is...
Looking at the BTC Daily chart previously posted in our idea section and linked below we can see that BTC has been forming 25% ranges our entire push up from 15k. On this updated chart I have split this ranges into 25% increments as they tend to be respected price levels that produce larger reactions. Each of these ranges we have seen a retest of the bottom...
CFX like most other assets for the past few weeks have been consolidating in what appears to be bullish triangles. Looking at the macro .50 high a 50% retrace of this is coming out at the target of our current bullish triangle for a potential 50% move to the upside. Bear in mind most crypto assets are up significantly and a large retracements to the down side...
So as meme coin after meme coin emerge each tends to do the same thing. Hype the price to the moon only to have a long drawn out bleed back to the bottom. Grok has been no different and the bottom is the only real time this style of HIGH RISK HIGH VOLITILITY token has any real appeal. At the bottom is the only point risk is at it's lowest and risk is still...
Looking at the daily XLM chart it looks like we are receiving some mixed signals but until there is a clear brake of macro trend or clear brake of structure higher targets are still in play. Currently looking at 3 scenarios Scenario 1 (bearish) IF the market as whole has already started a large correction we could be looking at a revisit of the lows by taking a...
Here is a pretty solid picture of the options I see for BTC on the macro scale Average distribution range on btc has been 25% Option A When price dumped on 12/10 we were 50% of the way into the range above. If we brake below this range and retest a down trend will likely ensue ensue. Option B IF the 12/10 wick holds I see either a retest of the current high...
So the market has seen a wild and violent correction with many assets dropping 10+% in only a few minutes. CFX was no different and seen nearly a 15% move to the down side in less than 5 minutes. As projected volatility is EXTRMELY HIGH leading to larger than expected moves to the down side. When the market pushes wildly to the upside it provides room for...
As we have been watching BTC for the past weeks in what I have been describing as the feverish part of the uptrend it appears we are at our next point of decision. Full on brake down OR our next push up. Looking at the hourly oscillator and the local price action on the hourly we appear to be primed for another push to the upside. Oscillator is looking like it...
So as BTC pushes even higher and higher the question is the top in? Personally I do not think so and still targeting 48-50k. I do believe we are reaching the top of our momentum cycle and should expect high volatility BUT a higher high on the price forming daily divergence on our oscillator. Confluence for the 48-50k area is pretty rich. Looking at the...
Looking at the daily wave trend oscillator and the money flow it appears OP is ready or getting close for another potential move to the upside. Current trading plan is to hold a long position to 2.25 area. Price has pulled back slightly less than 50% indicating that either buyers are extremely bullish OR there is just a little more down side. Either way...
So it has been quite some time since we have discussed CFX and it may be time for our next big move to the upside. CFX is one of those tokens that has a major Asian liquidity backing and tends to have very fast and hard runs followed by grueling long consolidation ranges. For the past months or so we have been stuck in one of those long consolidation ranges...
As BTC begins what perceive to be a likely 15-20% correction it is likely that many others will follow. Looking at the sol macro chart and past respected levels and a local golden pocket retrace currently targeting 48-52 to add to this position for the final accumulation phase rally high previously projected at $80. Current Trading Plan is look for a pull back...
So btc and much of the crypto market has been ready for a correction for quite some time with lots of bearish signals on the charts. For the past weeks we have been seeing bearish divergence on smaller time frames in both wave trend oscillators and money flow while price keeps rising. With these signals a correction is likely but why now? Yesterday on 11/24 on...
As prices go higher and higher volatility in our sideways consolidation areas is getting wider and wider. This is a likely signal that while masses are bullish masses are also taking profit but selling. At some point the other side will inevitably take control for at least a period and produce a pullback 20% or above. For now we are still in a significant...
This chart is marking weekly close prices in the range above, the macro golden pocket and a continuation of the curvature of the lows since June last year. While eth may seem to be moving slow it is simply because eth made its major move early and quite quickly while btc has push in more of a stair step fashion. Still looking for same target of a 50-61.8 retrace...
For now yes still bullish and expect higher prices. With that said we are due for a 20% if not a 30% correction for quite some time. While the current price volatility may be brutal technically we are still holding structure quite nicely. After braking 38k we seen a nice ABC pull back to the bottom of our ascending channel and indeed put in a lower low but with...
Higher time frames on CRO are looking like they may have a decent amount of more upside while the smaller time frames are indicating a pull back maybe likely. As such I have taken a long position at the low of this consolidation with a tight stop loss but also open to a ABC correction for a much larger move. IF IF IF price manages to pull back to the 50%...