KoryptoBlockchain

KoryptoBlockchain

As BTC continues to hover at 18-20K support demand for FTM will continue to dry up. It looks to be forming a wedge that completes at the July 2021 support. This major support is very near and will act as a magnet. I think we get a good bounce from here (check my previous analysis of BTC expanding flat) and this will spark our movement up!

KoryptoBlockchain

BTC is printing an expanding flat (3-3-5). We can see there is a huge zone of confluence that will complete the narrative for an expanding flat. TECHNICAL: Purple zone: 20K support zone ( if there is a break and close below this will invalidate the Elliott wave pattern) Green target line: the 1.27 Fib retracement of wave B Purple trendline: current weekly...

KoryptoBlockchain Updated 

Fundamental: The COT data for Bitcoin is net long, and the largest amount shorts were closed since beginning of January. Banks are taking profit on their short positions from the bear run. XLM correlates with Bitcoin Technical: There is a daily M pattern that has formed depicted in white ( bullish ). This pattern completes at the neckline depicted by green....

KoryptoBlockchain Updated 

Fundamental: The COT data for Bitcoin is net long, and the largest amount shorts were closed since beginning of January. Banks are taking profit on their short positions from the bear run. XLM correlates with Bitcoin. Technical: There is a daily M pattern that has formed depicted in white (bullish). This pattern completes at the neckline depicted by green. The...

KoryptoBlockchain Updated 

Technical: On the daily we have an ICI pattern (impulse correction impulse). Lower timeframes will be analyzed to determine entry and take profit. On the weekly chart we have an ICI as well and an inverse head and shoulders has formed. This higher timeframe bullish pattern will give good probabilities for the daily ICI to complete. Fundamental: XRP tends to...

KoryptoBlockchain Updated 

TECHNICAL: As Luna approaches weekly support, an M pattern has printed on the daily timeframe. M patterns typically complete at there neckline shown by the green ray. Also price has retraced perfectly to the .786 Fibonacci ratio of the weekly impulse before starting o make its move up. During that correction the market printed an ABC corrective wave (EWT). This...

KoryptoBlockchain Updated 

TECHNICAL: In the daily impulse defined by the Fibonacci, there is only one candle that is not related (circled white). This area will be monitored on intraday timeframes to determine entry for the completion of the ICI (impulse correction impulse) pattern.

KoryptoBlockchain Updated 

TECHNICAL: As on the Weekly timeframe, BTC has printed a M pattern on the daily timeframe. With Bullish Patterns on the Weekly and daily timeframes a short term price increase can be expected. Intraday Timeframes will be analyzed to determine an entry point for the completion of the pattern at the Neckline. FUNDAMENTAL: Exchanges reserves of BTC are at an all...

KoryptoBlockchain

Fundamental: As Bitcoin exchange reserves hit an all time low from moving to cold storage wallets, it can be concluded that selling pressure is decreasing. Technical: Derived from harmonic trading, W and M patterns are constantly being created in all types of markets an timeframes. M and W patterns complete at their necklines. Intraday timeframes will be analyzed...