Hey there. I believe Bitcoin is making another bearish flag for another drop. Although with a break above minor resistance in 22k, odds are high to reach 23k but, I believe it might be a bull trap. What do you think? let me know in comments. Bearish flags are notorious for breaking below the support line but, I hope this idea will be invalidated with a break...
Hey there. As you may have noticed, 20WMA and previous ATH around $20k where so promising but, price action tells another story. Meanwhile, Bitcoin is completing a descending broadening wedge which is expected to make a very sharp breakout. If and only if the breakout happens right here, there will be a good chance for change in trend and if not, a fall to support...
Hey there. Long said short, stretch moving averages in weekly timeframe to see Bitcoin is stuck between 50 and 100-week moving averages. Although many long shadows to both moving averages makes it hard to say which directions BTC/USDT is heading to and I do hope for a breakout to upside, but a retrace to $37k seems possible as well. What do you think about...
Hey there. I hope everyone's doing fine. Although the market is affected by geopolitical situation about Ukraine conflict, I didn't want to miss the opportunity of a trade on a possible head and shoulders pattern on Bitcoin chart. Now that the $42k resistance is turned into support and BTC/USDT is possibly got rejected from $46k, on retest of $42k zone, there is...
Hey there. I hope everyone's doing fine. I see BTC/USDT is hovering inside this triangle and that has a target equal to flag post which is roughly $8k. So, whichever side the triangle should be broken, next targets would be either $55k or $30k. What do you think about this? let me know in comments below.
Hey guys. I hope everyone's doing fine. As you know, when Bitcoin's dominance is surging along with price, it is a sign of a bullish run. Based on this, with a breakout above resistance line of triangle, I expect a big run in BTC/USDT at least to $60k. What do you think about this? Let me know in comments below.
Hey there. I hope everyone's doing fine. Turns out, Bitcoin has formed a descending broadening wedge which is usually expected to end with a bullish breakout. This pattern belongs to 4H timeframe but, I think it is applicable to daily timeframe as well. What do you think about this situation? Let me know in comments section. I think BTC/USDT has had enough...
Based on what I said about latest surprise move by Bitcoin, SLP/USDT broke below the trendline I discussed lately. Because of that, I decided to sell 0.25 of SLP tokens. Although SLP has bounced sharply from 0.618 Fibonacci level, I expect a retest of $0.0170 which lies around 0.786 Fibonacci level. However, if and only if SLP/USDT breaks above the trendline...
I am completely surprised by the latest Bitcoin's move and decided to quit 0.25 of my exposure on Bitcoin and altcoins because of the following reasons: 1- Although BTC/USDT broke the resistance line of lower channel and entered the above channel, pulled back to lower channel 2- Bitcoin got rejected sharply from 0.236 Fibonacci level 3- Highly anticipated inverted...
Hey there. SLP/USDT is hovering around 0.5 Fibonacci level and this triangle. With a break above resistance line, higher targets will be in sight, however, a break and close below the support line, recent gains might get completely wiped. I rather to be predictive rather than reactive and based on that, I chose to open a long position and set a stop-loss below...
Hey there. Shiba Inu has turned down from 20-week moving average and 0.236 Fibonacci level but, bulls haven't give up. Looks like Shiba is trying to break the trendline and if so, next target could be a good target. I hope there is a good trading opportunity. If you enjoyed this analysis, take time to like and don't forget to subscribe and hey, let me know what...
Hey there. As I discussed previously, BTC/USDT broke the channel and I do expect a retracement to the $40k for many reasons: 1- 20-day moving average is there, 2- 0.618 of recent move in daily timeframe is there, 3- broken resistance line of channel hasn't been tested yet, Based on that, I put an order on 40050 USDT for 0.25 of my exposure. I hope you enjoyed...
Hey there. Although as a Dogecoin holder, I am very afraid of poor fundamentals but, from technical perspective, the time might have come. If you followed previous analysis about long-term picture of Dogecoin/USDT, something around $6 is seems quite possible in logarithmic channels which is linked below. every time, everything starts somewhere and this...
Hey there. Accurate reactions to this channel leads me to believe that Axie Infinity is moving inside these parallel channels. If so, AXS might have started a new move. Targets? I do hope AXS/USDT returns to upper channel and if that happens, targets like 400 would be in sight. This would of course take quite some time to happen, but short-term targets are...
Hey there. After Bitcoin got rejected from lower channel resistance line and 20-day moving average, it made a surprising return to upper channel! So, $39500 is would be my entry point for a long position and a stop-loss below 4H Bollinger band would avoid getting trapped. If you got interested in accuracy of channel, I have linked to that so you can check it...
Hey there. As seen before, BTC/USDT is reacting perfectly to the channel I shared before. This is the moment of truth because it can not take long for BTC to break $40k or slip to $30k and then to $18k. In addition to that, BTC/USDT is hovering around 20-day moving average and has to decide whether to break or reject it. See the related analysis which is linked...
Hey there. Since Harmony has bounced from support line of triangle, there is a chance that ONE/USDT rally to resistance line. A break and close above the resistance line could potentially have a primary target around $0.22 and a secondary target around $0.26. If you enjoyed this analysis, please like and subscribe. Cheers.
Hey guys. If and only if Decentraland could maintain above red line, the correction would be over and there would be a good longing opportunity on pullback to the red line. So, let's pay a good attention to MANA/USDT and wait for a close above 0.786 Fibonacci level to call the correction over. If you enjoyed this analysis, please like and consider subscribing....