TableLamp

TableLamp

Hey all! Straight to the point. I have this new metric for you. Nothing crazy. It is just the ratio of the market cap of all alt coins, including the biggest alt coin ETH, to the total market cap of cryptocurrencies. This weekly graph tells me 3 things: 1. We have tested 0.29 levels 4 times so far and held it. Therefore, it seems like a valid support. 2. We...

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Hey all, A CUP and HANDLE pattern is forming on the BNB chart. If we break above it, the target is $333. This is definitely NOT a trade advice. Please make your own research. Let me know what you think!

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Hey all, AVAXUSDT has been through a significant pullback. The price retraced until the 0.786 level. Now, the price is breaking the falling wedge pattern. We broke outside and testing the upper trendline right now. If we get a close above the $27.2 level, this confirms the breakout. For the potential price target, I put the flag pole to the breakout point. It...

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Hello guys, DOTUSDT broke out of the falling wedge a few days ago, but I was waiting for a confirmation. The confirmation is about to come. A close above $35 can start a move to the upside. The price target is around $56. This is not a trade advice. Please make your own research. Let me know what you think about this idea. Have a great week!

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Hello folks, This is a completely speculative price prediction based on horizontal and diagonal trend lines, and support/resistance zones. We are currently forming a bullish divergence on the RSI in he 4h chart. Therefore, I believe we are going to move upwards next. Since we are still in the bull market, I expect a bullish pattern to form before BTC breaks 58k...

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Hey guys, This won't be long. If you are watching the price action in BTC since last week, we are basically creating a bearish wedge and divergence in RSI since last Monday. Whenever the price gets close to the 50k, it is like there is this mystery force not letting us go beyond it. This can imply that there is a big whale selling at the 50k. This whale should be...

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Hey guys, Another quick analysis here. LIT was consolidating like many other alt coins. I believe the consolidation is over and we started to break out to the upside. Why? 1. We were in a down trend in the hourly. It seems like we are breaking above the trendline right now. 2. We are very close to the bottom Bollinger Band. Moreover, LIT is moving in an upward...

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Hey guys, SFP/USDT is a new pair started to trade on Binance on Feb 8. So, it is a new pair with a very short price history which means that the upside potential is a lot higher compared to those alt coins with previous all-time-highs. SFP is consolidating in an up trending channel after selling around 45% from its local top. Actually, this is a very typical...

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Hey all, I'll keep it short. Look at the weekly and the daily charts. We are above the previous highest WEEKLY close right now and heading up to test the previous highest DAILY close . MACD is curling up in the daily. What usually happens is that we break a previous resistance and come back to test it. So, I expect YFIUSDT to test the previous highest daily...

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Hello everyone, This won't be a long post. Because the chart is very clean. SRM/USDT tested the previous highest WEEKLY close last week and broke past it this week. We are testing the previous highest DAILY close now. The most likely scenario is that we make a close above the previous highest daily close with the momentum coming, but retest the previous...

TableLamp Updated 

Hello everyone! I have been busy for awhile and wasn't able to make much technical analysis, but here I am! I have recently seen @Tradingshots logarithmic Fibonacci analysis on Bitcoin () and his price target for the end of this cycle. I tried a similar approach here with Chainlink/USDT pair. I made my analysis on the weekly. Because patterns are the most...

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Hey all, JMIA shows sign of reversal to the UPSIDE. At least the Bullish BAT Pattern and the recent price actions suggest it. Why this can be a good pattern? Well, because: 1. Pattern has a very tight PRZ. The range of the zone is only 30 cents wide. 2. The PRZ is right above 200 MA which is very strong support. 3. Pattern completion is not premature and...

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Hey all! There is a BEARISH ABCD pattern formation going on in SPY Hourly chart. The pattern is very close to formation and RSI is in overbought zone. I see a high probability SHORT trade in this setup. You can either enter the trade right now with a tight stop-loss or you can wait for price rejection around 350. I also marked profit taking levels. It is up to...

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Hey all! There is a potential AB = CD pattern formation in 1-hour QQQ chart. The pattern is still forming. The PRZ is between 294.55 and 295.09. There is a possible short if the price enters PRZ. Depending on your risk appetite, you can enter a short trade right after price enters the PRZ with a tight stop-loss or you can watch candle formations and look for a...

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Hey all! As you see in the chart, a BEARISH BAT Pattern has formed and overstrecthed to the point where it is close to invalidation. THIS TRADE IS DEFINITELY YOUR CALL IN TERMS OF RISK-TAKING. MY personal opinion is pattern is still valid and stretched to the point where it makes risk-to-reward ratio even better. Since the pattern is over-stretched, it is easier...

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Hey all! There is a possibility of a BEARISH SHARK pattern forming on the hourly chart of SPY. I marked the Potential Reversal Zone (PRZ) with a reddish rectangle box loosely. The critical levels are the 0.886 XC, 2.0 AB and 2.24 AB levels. The price action is likely to reverse around those levels if the pattern completes. There is a gap around the $330 level....

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Hello all! This is the last part of the DOLLAR (DXY) ANALYSIS trilogy. In this analysis, I looked at harmonic pattern formations in the DXY on the daily chart. I believe that the strengthening Dollar is coming to an end soon, probably in a week, two tops. When you look at the chart, you'll see One Big, with green, and One Small, with black, Bullish ABCD pattern...

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If you haven't read VOLUME I of my DOLLAR (DXY) ANALYSIS trilogy, it is highly recommended you read that first. Because there I talked about what I expect the U.S. Dollar to do in the next few years. On the other hand, the second part of the analysis, which is this post, is more about what has been happening in the past few weeks and what is expecting us in the...