Btc on the LTF (4H) is currently testing the 4H 200 MA. This is important because this moving average acted as support multiplies time before breaking below. Therefore, if we continue to close 4H candles below then we could have much lower to go. But, if we can regain the MA as support again, we could go back to test the highs.
Although, there is cause for concern based on TOTAL, some altcoins look like they have bottoming setups. Here are some bullish signals forming in the chart. If we do end up breaking down we can fall between $1-1.10 where the VRVP sits. But for the time being the bullish pattern remain in tact: - ARB looks to be forming a bullflag. - Lower low support trendline...
This weekly close will be very important to understand where BTC is at currently. It is not odd or unexpected to see price action struggle to break previous all time highs and based on the 4 year cycle theory we technically shouldn't see a break until OCT/NOV 2024. Although, I must say this cycle does seem to be different than previous cycle due to the addition...
A lot of people will not like this post, but it needs to be said. April 2024 is looking to be a bad month for cryptocurrencies. Of course with the right factors this can change but let me voice my concerns for the short term. Looking at the candle stick chart on the left, we can see March's monthly candle could not close above our 2021 monthly top candle. This...
On the 4H BTC is currently testing support. Price is clearly in a symmetrical triangle as outlined by the red/green arrows above/below the white trendlines. Also on our RSI we are seeing a bounce from oversold (green circles). A decisive breakout or breakdown from this pattern should be established around the halving if price continues to range. The only...
BOME is already up over 70% since our post made 2 weeks ago: Now we are seeing an Adam and Eve pattern form (as depicted to the left of the chart). This is when price established a "key level" (horizontal purple line - $0.0168), has a sharp drop followed by a quick rebound (ADAM), then is followed by a rounding bottom (EVE). Once the "key level" is broken...
After predicting PEPE'S H&S pattern before a 900% move to the upside we are predicting PEPE does go higher at least in the short term. Price printed an amazing dragonfly doji on the weekly timeframe after a -26% wick to the downside (for liquidity). This should be powerful enough to take off that 0 we re-added and potentially test higher.
CRYPTOCAP_OLD:BONK looks primed for another move to the upside. After predicting the bear market low within a few % we are back with another BONK prediction. We had a horizontal level (white horizontal ray) around $0.00002 that has been established as an important liquidity level. After retesting it, price held up beautiful and has started to move to the...
We added to our INDEX:GALA position last night at $0.062. Gala has a very similar setup to CRYPTOCAP:IMX and some other gaming related tokens. Therefore, can we predict the gaming narrative is about get hot again? Here is what could make GALA pump based on the charts. -Weekly Dragonfly Reversal Doji -0.5 Fib level held -RSI seemingly flipped old resistance...
We added to our ECONOMICS:COTI position at $0.199, this is because.... -We created a weekly doji -Candle body support above $0.19 (strong support in 2022). -RSI bouncing off 70 (overbought conditions) -Price tested 0.5 (50% retracement) -Immediate move to $0.22 expected (0.236) If the high is broken, based on Viaquant's predictive Fibonacci model $0.35 is next.
Last Night, We added to CRYPTOCAP:IMX at $2.95. Here's why... On the weekly timeframe we created a dragonfly reversal doji. The last time we had a doji similar to the one price just created we rallied almost 100% over the next month. Very good RR here with stoplosses below the wick. Also, our RSI on the weekly just bottomed out at the same level we did...
Last night we added to our INJ position at $36.50, Here's why... Looking at price action we had a symmetrical triangle the broke out of the pattern on Feb 12th and retested the pattern on Feb 23rd before having a 67% move to the upside. What we have noticed recently is how well the strong support from that pattern has continued to hold up price (green circles)....
Here Viaquant is making the prediction that TSX:RLB just created the bottom or is very very close to the bottom before its bullmarket kicks off. Here are the reasons why. If you want to know the fundamental reasons of why RLB is undervalued, please check out our previous post here: Now let's focus on what the chart is showing us that could be foreshadowing...
Here we are examining BTC on the LTF (lower time frame), in this case the 4H timeframe. First let's look at price action and some simple trendlines. Take note of the "LTF Strong Support" around $61.3 k. This is an extremely important level on the monthly timeframe that is being confirmed and established on the LTF. It was the monthly close level of our ATH back...
With ETH's recent pullback, ARB has created a very nice bottoming setup. Here are a few reasons why ARB could be a great entry here. - Daily Dragonfly Reversal Candle - Liquidity Grab Close to 200 MA (1D) - Liquidity Grab Close to 0.618 - Oversold on daily RSI (bouncing from 30) * Must give credit to one of my analysts for pointing out the daily close to me.
"Book of Meme" a new meme coin that went from $0 to a SEED_TVCODER77_ETHBTCDATA:2B market cap in just 2 days is starting to form a bullish pattern. After the Binance listing that market the top we have retraced over 60%. We have hit the psychological $0.01 level that could be acting as new support. We are also near oversold conditions on the lower timeframe...
After making such accurate predictions in our previous NVDA posts, we are back with another prediction. Based on Viaquant's Predictive Fibonacci Sequence we could expect a future top either at the level we are at currently, or around $1120. Here's why. - Our first level of $110 was established as strong support with a double bottom (green arrows). This created...
Here we see AMD playing its mathematical levels perfectly. After breaking its last high of $163 price rose exactly to the 1.618 ($226). We saw supply dump at this price giving us a clear sign of what's next. Here are the 3 Scenario's on the weeklytime frame of what will happen next. 1. The momentum will pick back up ( as shown with the RSI bouncing off the 70)....