Vechains daily candle today is rising fast and currently sitting around a +10%, we are looking very bullish if this price action continues and we could be seeing the beginning of a breakout for VET! We are currently trading inside of a bullish triangle where the chances of us breaking out to the upside is likely, especially when you look at our current spot in...
Chainlink has been performing great compared to a lot of coins recently and we have broken out of this bullish triangle with ease, We had a false breakout to the downside which would have crushed a lot of traders. On top of us breaking through this level we also brokethrough a key level that is.. the 0.2FIB level, what im looking for tonight is a second daily...
Ethereum has been performing very well against BTC in the past months making huge gains in a shorter timeframe and i think we are setting up for another big run coming up soon. With the falling of BTC dominance and the rise of Ethereums dominance we are going to start noticing that Bitcoin is likely going to be making minor moves but more sideways price action...
Chainlink on a weekly timeframe has broken out against BTC and we are looking bullish! Ontop of that good news we got some more amazing news from Sergey Nazarov, Chainlink staking is going to be released this year! Absolutely huge news and a big win for the LINK community, the people have been waiting years for this to happen, once the news comes out where staking...
Ah yes it feels a little bit old saying this over and over again but BTC.D is being very stubborn and is holding on by a string lol, it looks like we could be in for an explosive altseason coming sometime soon... fingers crossed lol. We are finally seeing a decent push down below the 40% level which has given us lots of trouble recently and hopefully we can...
Checking out our Bitcoin daily chart i mentioned we were trading inside of a bullish pennant and yesterday we had a false breakout and a close outside of this pennant, since then we have recovered quite nicely and are moving our way back into this bullish pattern! we do have a ton of work to do though, we are facing resistance at the midline of the bollinger...
Looking at our XTZ daily chart, we have broken out of the longer descending channel and looks like we are ready to make our next leg up! as far as support goes we have quite the cushion below us, we have strong support at our current position at 4.4$, support at 3.9$, uptrend support coming from the last bottom in the descending channel, and finally the top of the...
Taking a look at our Ethereum Weekly chart we are still moving to the downside but i feel this could be the final week of downside before rebounding to the upside, we have had a total of 7 weeks worth of downtrending candles and that could be coming to an end very soon. we are trading inside of a bullish pennant which historically has lead to upside breakouts, we...
Taking a look at the king of decentralized oracle networks.. LINK, i noticed we were making some nice progression to the upside from below our 0.2 FIB after breaking out beautifully out of the descending channel, we pushed all the way up and strongly closed above the 0.2 FIB, then as always BTC decided to crash the party (LINK marines joke) none the less Bitcoin...
Checking out Ethereum on the daily timeframe we are looking a bit shaky i can't lie, todays been a rough day for the markets overall and we have came way down out of are accumulation zone and we are currently sitting below the 0.2 FIB level which of course is not very ideal and if we do close below here the door is open for a push down to the 3667$ level. After...
Checking out our weekly Bitcoin chart we are still trailing to the downside but we actually had a bullish close on sunday, we managed to climb up and above the 49K mark where we had our weekly close, we have since fallen down below this level but thats not very crucial, we have another whole week to make progress moving back to the upside We just missed out on...
Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that...
Bitcoin has had a beautiful breakout to the upside of this falling wedge i was talking about last time, previously we saw 2 other falling wedges with the exact same setup as we currently have, a breakout to the upside of these wedges lead to some serious price action of about 60% gains. Due to the market correcting pretty heavily over the past month i expect this...
Bitcoin has been moving pretty nicely the past few days, we are pushing up and above the midline on the bollinger bands and its looking like we are gonna get a for sure close above here which is a bullish sign and we are approaching the 51K level, if we can get a push up and above here and get a daily close at some point we are going to be really looking good!...
As talked about previously i mentioned the possibility of an upcoming bear trap on the Ethereum bears, where we would breakout and close below our key level at 3990-4K faking out traders into thinking a bigger drop is coming, before then rebounding to the upside and hopefully this plays out as a bear trap because that will mean we will be seeing some nice upside...
Taking a look at our Futures for BTC i have noticed something very very similar, a continues set of falling wedges where once we breakout to the upside its explosive and can lead to huge gains. Basically this TA in my opinion shows us how valid the "bullrun" still is, and as ive said before and ill say again, i personally think we are still in a strong bull...
Looking at BTC we have been stuck in this downtrend for a few weeks now and a couple bottoms could be in sight, the Fed tapering news could be playing into this for sure and aswell as the evergrande defult, seems like everytime we start making some progress some form of news pops up lol. personally i think we are seeing big time accumulation phase going on in the...
Looking at Ethereum it is pretty clear we have no sense of real direction and one thing that stood out to me very clearly is that we are in a wider ranged accumulation phase in the market. Shown by the blue shaded area we have respected this zone very well and are struggling to find a breakout point, what i believe is happening is a big 3 week accumulation period...