UnknownUnicorn3707027

UnknownUnicorn3707027

As assumed in the analysis before, we broke to the downside and are now trending lower. The second rising wedge is about to be broken to the downside as well which could lead us to the 20k level. We can go lower depending on the macro-environmental factors. Short-term: Bearish Long-term: Bullish

UnknownUnicorn3707027

The Bitcoin price has been moving in a rising wedge. A break to the downside leads to 23k USD or lower. RSI has not been making "higher highs" while the price did - confirming potential price development to the downside. Short-term: Bearish Long-term: Bullish

UnknownUnicorn3707027

Bitcoin is bouncing off this nice support line drawn from the ATH of the previous cyle and the recent low of this bull run at the 30k region. Macro-environmental factors such as the hawkishness of the FED seem to have less of a significant impact the more we see certainty around interest rates and that the prior announcement is confirmed. As long as we stay above...

UnknownUnicorn3707027

Cardano has lost now more than 70% measured from its ATH. If the downward trend continues, the price could potentially hit the 0.4 - 0.6 US Dollar price region. Before, this was a key resistance to overcome. A move to this region would align with the typical 80-95% loss that Altcoins can experience from the bull market top. RSI is quite low, but on the weekly...

UnknownUnicorn3707027

The Bitcoin dominance is reversing with a strong move to the upside. Before, three consecutives lows were formed, each just a little lower while RSI is rising indicating a bullish divergence. This could potentially have a high impact and we would not see this level for a while, if we continue moving up from here. For more details and an analysis on Bitcoin, go...

UnknownUnicorn3707027

Our Long setup became fatal and we could possibly see more downside pressure as the equity markets are just starting to bleed. I think we can expect stronger support at the lower 30k region. If we fall through there, we could quickly see a dump to the ATH of the previous bull cycle. Omicron is starting to accelerate and other market conditions such as the hikes on...

UnknownUnicorn3707027

The entire crypto-asset market is bleeding. We were looking for a bullish break-out to the upside with one condition to be met. The crypto market would have to remain bullish. Unfortunately, we have seen the opposite due to interest rate hikes, the banning of crypto in Russia and a potential new pandemic escalation leading to a strong sell-off. Not only in the...

UnknownUnicorn3707027

It could be worth considering a similar price development structure as in May, June 2021 where the RSI bottomed at the low 40 region. Right now we are at the same RSI level and if price remains here, we could see a lower RSI while the price is much higher indicating a hidden bullish divergence. Historically, bullish divergences have led to a bullish trend from the...

UnknownUnicorn3707027

The sideways structure of the Bitcoin dominance is about to break to the downside giving the opportunity for Altcoins to outpace Bitcoin. Increasing momentum could shift the capital from Bitcoin to Altcoins in the coming weeks. Once we surpass the ATL, we could continue falling to the 30% level. The DMI could confirm the trend continuation to the downside, once we...

UnknownUnicorn3707027

Bitcoin touched the key support at ~ 40k USD and is now hovering above it. It could play out similarly to the bottom formation in July 2021 at the 30k USD level. If this was the case, we could slowly bleed for a few more weeks until we finally make significant moves to the upside again. The sentiment is extremely bearish with fear conquering the markets led by the...

UnknownUnicorn3707027

Iota has an interesting case with multiple chart patterns signaling a strong upside move. If the entire crypto asset market remains bullish, Iota could potentially have another 600% leg as the leg from Feb - Apr. 2021. Both, Cup & Handle and a pennant seem to align for a strong break-out to the upside. On the weekly chart, MACD is converging and could cross in...

UnknownUnicorn3707027

Bitcoin managed to break through the resistance at 48.4k and came back to the line to establish it as support. This aligns with the 0.38 FIB level taken from the previous low indicating a stronger upwards trend if we manage to take the previous high at 49.6k. The 52k price seems to be a good target to test again during this short-term upwards move. RSI still has...

UnknownUnicorn3707027

This is an interesting development of the Bitcoin dominance considering that the markets were all crashing. In the past most crashing events led to a sharp rise of the Bitcoin dominance while Altcoins were dropping much harder in comparison to Bitcoin. Seeing this could actually mean that we will see a break-out to the downside of the 40% range soon that could...

UnknownUnicorn3707027

In our previous analysis we stated that the corrective waves completed on the weekly. We can see now that the bottom is well established at the 2k sat level. The price is breaking out of a 2 months resistance with great volume coming in. RSI indicates hidden bullish divergence and the MACD turned green on the daily. Together with the fundamental progress, this...

UnknownUnicorn3707027

In my opinion we have completed wave C of the Elliott waves theory aligning with the 2k sats support. Volume is dominated by bulls and once fundamental news support the trend reversal, we will see how far wave 1 can go; potentially leading to a break-out of the 4k sats resistance. Good luck with your trades! Do not consider this as financial advice.

UnknownUnicorn3707027

Bitcoin had its pullback forming a flag and just today it broke out of it indicating a continuation move to the upside. Other technical indicators such as the MACD crossing on the daily support the trend reversal. The RSI is moving into bullish territory (>50). The Fib 0.5 level held well as support while ATH is lining up with the extension fib. Overall, it is...

UnknownUnicorn3707027

A clean chart on the possibility of a Cup & Handle pattern, that could easily catapult Iota to > 6 USD from a technical perspective. A bullish wedge is supporting an upcoming bullish move while volume is dominated strongly by bulls on the Binance chart. I am aware that on some exchanges, Iota hit a much higher ATH, but this could be insignificant on the larger...

UnknownUnicorn3707027

Bitcoin has proven strength again by breaking through the resistance at 43k USD. It was confirmed as new support right after and now we are slightly below the 50k USD. Many traders expected the 200MA acting as resistance, but here we managed to move above it with ease now acting as support, too. Ichimoku cloud substantiates the bullish momentum by an expaning...