After a massive ~250x during 2020-2021, CHZ has been slowing declining in value and lost nearly 95% of its gains at some point. During this low-volatility period, a huge bull-flag has appeared on the chart. With BTC breaking to multi year highs, CHZ had to follow at some point. I'm aiming for a breakout of the pattern with a target of around 1$. By keeping our...
XRP has been gradually trading upwards since the massive crash in June 2022. Even though the trend is slow, it's still bullish over the long-term. As seen on the chart, we've yet again bounced from the bottom diagonal area of support. With BTC trading at 52k, we have to consider the idea that the bull-market is about to start and that XRP can see some great gains...
Over the course of the last months I've made plenty analyses on the bullish channel that BTC is trading in. As of today, BTC is seemingly making first steps to break out of this channel. This area will be likely highly contested by bulls and bears. Bears will see a perfect entry for a short, bulls will see a perfect entry to exit (part of) their long position....
After the initial launch on Binance, BONK has shown a lot of weakness. However, now that we're a few months later things have started to look better for the bulls. After an initial push in February, BONK has now successfully broken out of a short-term bull-flag, making it more likely fur the bulls to keep the trend. My idea is that BONK will likely go back...
As of today Bitcoin has made new bull-market highs and is likely breaking through the 48,200$ resistance level from back in March of 2022. As mentioned in other analyses, this was my main resistance before the ATH. After 48.2k, there's realistically no real strong resistance apart from the 69,000$ ATH. Consequentially, this next leg up can very well take us to a...
As BTC pushes up, FTM and many other alts are experiencing bullish moves as well. As for FTM, it appears to be forming a huge cup and handle pattern. A risk-averse trader would want to wait for the price to break through the neckline around 0.575, a risk seeking trader can already make an entry now, accepting the fact that it's a much riskier trade. Personally,...
MATIC has been trading relatively bullish alongside Bitcoin's recent push upwards. However, MATIC seems to aim for a retest of the bottom support, which would be a great place for a high risk-reward entry. I'm anticipating BTC to push through 50k in the near future, which will naturally be great news for alts. MATIC could reach 1$ again in the not so distant future.
As Bitcoin seems to be unstoppable, it's time to take a fresh look at the current bull-run (read: the period after the low) and compare it to previous bull-runs. Against my expectations, Bitcoin is outperforming both the 2018 and 2015 bull-runs. Most notable is the 2015 bull-run because it took us from ~150$ to ~20.000$. Keep in mind that the 2018 bull-run also...
Bitcoin has been performing extremely well over the last two weeks. In previous analyses I wrote that I expected the ETF to be a longer-term top. We dropped over 20%, but I expected we would drop to the 35k-30k area. Yet here we are, retesting the pre-ETF launch resistance merely a month later. As of now, it's more likely than not that BTC will make new highs...
After 6 weeks of bearish price action, ADA has broken out of a bearish triangle pattern. Boosted by Bitcoin's bullish move, investors are flocking to ADA and are potentially pushing it back to the December 2023 highs. In order to optimize the risk-reward, we're keeping the SL relatively close.
I've been looking at this inverse head & shoulders pattern for a couple of weeks now. Now that PEPE has reached the bottom purple support area, it might be the perfect time for a long-term entry. Ideally, we wait for the price to confirm the pattern and break through the neck-line first. However, an entry from around the purple support has a higher risk-reward ratio.
In this analysis I'm going to make the assumption that WLD is trading in a parallel channel in order to construct a trade with a very high risk-reward. Remains to be seen whether WLD is actually going to trade like this, but the trade allows us to take riskier bets with a high pay out potential. The fact that WLD is a relatively young coin makes me believe that...
Bitcoin has seen some extremely low volatility over the last couple of days. Every time that the indicator flashed green (low volatility), a big move in price was coming rather sooner than later. Over the last year, most of the low-volatility-alerts have signaled a bullish move. Only in July and August it preceded a bearish move. Something will happen, but it...
I've been keeping a close eye on APE ever since it launched. It has seen a massive sell-off after the initial launch on Binance, but has potentially stabilized. As seen on the chart, APE has been forming a long-term falling wedge. In my view, this falling wedge (with a 95% sell-off) could potentially be the slingshot idea that APE has been waiting for. Key...
With the FOMC practically concluded, the market is reacting with a strong sell-off in both crypto and stocks. The FED has announced to keep their interest rate stable for the 4th time in a row, as it wants to see a stronger reduction in inflation before cutting rates. Higher rates for longer, the market doesn't like that. As seen on the chart, BTC is trading in...
Ever since the ETF I've been dominantly bearish on the market. My expectation was that the ETF would be a longer-term top. However, the short-term looks quite bullish. If TOTAL3 (total altcoin marketcap) can break out of this bull-flag pattern, this could signal a continuation of the bullish trend. I'm still wary. However, if the market can prove that a...
With the halving coming up, everyone is looking at when BTC will start the next bull-run. Personally, I think that it's more likely than not that BTC will continue to trade bearish due to the recent ETF launch. However, there's definitely light at the end of the tunnel. The bottom yellow support would be the perfect area for a long-term BTC entry to ride the...
As per Cantors Fitzgerald's analysis that came out a couple of days ago, most big Bitcoin mining companies are deemed to be unprofitable after the April 2024 halving. Why is this important? Well, if the bigges miners in the world are mostly 'producing' at a loss, they can do either of two things: (1) Sell their tokens at a loss to recoup immediate costs (in case...