In this analysis i chose to check the smaller timeframes first with a glimpse on the daily chart. 1Hr chart (main chart up top) is in a triangle, that is clear, with the price action inside the cumo cloud and rejecting the top and low side of the triangle formation perfectly. If we were to project the height of the triangle to the top and bottom sides of the...
When it comes to BTC and ETH which are extremely similar on the charts we can see the clear channel and we can also see the the rejections that occur on fibonacci levels. We held the 0.5 fib under the pressure of the descending trend line and what was obvious happened, now this allows for two things , one would be straight up shorting which can make sense but...
Hey everyone, it has been a while since i dedicated an entire analysis to ETH. So lets take a look at the Daily which provides us with some good patterns and allows us to note some important Support and resistance levels. First of all note the repeating bear flag pattern. We can note four of them clearly formed and we are now in what seems to be the...
Starting with the weekly we can see that the price has managed to pierce the Kumo cloud and is now retesting it with a low volume candle. The fact that we managed to pierce right through a moderately thick kumo on the down side would mean that we can do it on the upside aswell but for the time being this doesn’t seem to come even close to be true. We are at the...
BTC Update part 2 On the left the daily (ray of sunshine): It would take an engulfing candle to make us think that we will go for the next formation. The previous candle had a high of $36835 , can we do this with Sunday volume? If we do manage to pull that off, that would be achievable most likely in the last part of the day, the target would than be somewhere...
BTC is showing signs of weakness right now, and the institutionals have helped it drop yesterday night just before the trading floor closing, pushing the price to the trendline that supports the 3d formation . On the chart you can see that the price is on the edge , depending on which side we get out of we will know what will come. Scenario 1 Bearish : We...
#BTC Update What's new since the last BTC update? Trading volume over the weekend was below average and we have been trading in a range that has a high of $43800 and a low of $42300. BTC's daily outlook remains positive with no clear signs of reversal. The sector chart shows nothing exceptional and as said before, without institutional volume we could possibly...
4h chart: Right now it is fighting around the $43400 level that is a confluence point formed by an ascending trend line and fib level. Lower targets: 41800 Higher targets: 45800 If we look at it in a simple manner this can be a RR 2 or less trade, depending on your entries. And yes, mid term view is bullish, hence the long trade idea. 15m chart: Trying to...
After testing the 44k resistance level, BTC looks like it is taking a breather before continuing on the upside in a stair manner. On the 15 Min timeframe we can observe clearly that we are in a well defined range and we are now more or less in the middle of that range, the side breakout of this range in this timeframe will define the 1h and 4h trend for the next...
Nothing last forever, not even bear markets. I am coming back to my weekly chart for this because smaller timeframes are noisy and can mislead. Technically we are going to hit the same area we have hit before going up with big volume back in July. Pretty confident that the 40-41k level will be the final tested level.
Cocos-BCX is a decentralized bridge between GameFi and any nft Metaverse platform featuring launchlpads, investment, distribution, IGO, staking and a big dev community. The fundamentals of this project are solid, creating a bridge in what is to be one of the biggest revolution our generation has known besides crypto. Technicals: The daily seems to have...
Price action is looking good, a bit hesitant on the last candles possibly also due to the upcoming holidays, the sectors are respected to the letter . Overhead resistance at $49255 , we break that and we move in a bog sector has low overhead. If we fail and break we have a good support at $47500 Keep this current BTC price action and the ALTS can grow. Overall...
Starting this update with the sector update. On the daily chart we are in a sector that has a high of $49307 and a low of around $45613, the negative point here is that we are closed below the 200 MA. Now that doesnt spell bear right away but it's certainly not bullish aswell. The 4 hour chart There are two main formations we can establish on the 4 hour...
Visible on multiple timeframes, we can see a higher low and a candle formation that makes us think W , not very well defined but still there. The price action has barely pushed through the local fib pivot on the 6h timeframe, located at around the $50k area. We are now opened above this level but the level is low, partially due to the week end type of activity....
Multiple patterns can be plotted on ETH's chart. 👉On the 1D we have an ascending channel and we find ourselves in the middle right now. 👉On the 6H we have a falling wedge. The price is currently consolidating above the 200MA . In order to continue we need to break above and close the $4600 level. The dynamic of the price is of course influenced by macro...
Chart into sectors both with trendlines and cyclic lines. Can provide a better view of the price action position.
On the 4h chart BTC can potentially revisit local support before breakout end of the Week End. We can also determine a triangle formation that has the same base as the ascending channel. On the daily we have a falling wedge and with the support we have a confirmation that the price can reject on that level of $53k . Summary: -Important support @ $53k that...
ZEC left the local triangle area now closing above the top descending trendline.