ETH UPDATE: After a green weekend and a heavily overextended ETH and BTC it is time for a healthy retrace to the 0.618 or 0.5 extension. With ETH breaking 3K there was some regained euphoria (from retail investors) in the market where the market saw high volume at these (local) peak prices. As a pattern we can either see a M pattern forming or an head & shpulders....
The cryptomarkets are on the verge of a breakout across the board! How do I know that? Well, I will tell you in this analysis by looking at the Amazon of the crypto space called: Chainlink. Why Chainlink will be a top 5 coin There are many coins with many use cases in the cryptomarkets but only a handful will be (directly or indirectly) used by billions of...
Chainlink will play a crucial role in block chain connectivity of the future world from finance to supply chain to intra-chain connectivity. In October / November I expect LINK to be resting on its 2020 highs and I expect from that point we see a pivotal point in crypto: mainstream adoption starting with LINK. (zoom in and out to check my prediction) HODL Its a...
A lot of bullish talk and speculation about Ethereum's upcoming London hard fork has led to substantial price increases for the world's second biggest cryptocurrency. A reason to run to the bank and go all in? Well, if only it would be that easy... LONDON UPGRADE: EIP-559 The London hard fork (aka EIP-559) is a very bullish event for Ethereum and it is a...
The total crypto cap just fell out its rising wedge which means the market is in for a correction! Like I said at the start of the week, there were too many green days stringed together in cryptoland; which only means one thing: a correction is coming! Be aware of the market maker! Now let's have a conversation! We just came out of an insane run to the upside...
Ethereum has followed Bitcoin into new higher highs and higher lows on the 1hr timeframe with +40% from the current bottom. So have we bottomed out like everyone is saying!? I still doubt it and I want to see confirmation first! So how do we find confirmation? Well, either if we keep trending above the bullish trendline or after a retrace stay above the 0.618 or...
After 6 consecutive green days in the crypto markets its time to pay attention for some downside momentum which can initiate as the chart describes. Yesterday we had a big daily wick to the upside that made some people rather enthusiastic and I agree its a reversal we haven't seen during this short bear market. However as said yesterday; the move has been made,...
I haven't been sharing many ideas lately as there's nothing new on the horizon. We are still in a solid downtrend and the 30 to 40K range has been distributing BTC from old hands to new hands. Yes some institutions or whales have averaged in but that doesnt mean this is the bottom. We have yet to see the final capitulation of the market and I stick to my bottom...
Stock and Crypto market update: let's have a look at how much gas is left in the tank for these markets! Long term; a lot for both but let's dive deeper into the short and mid term perspectives... (sorry if this chart may seem messy but its actually full of interesting information, zoom in to have an clearer local view) Market Sentiment At this very moment, the...
Back with another bear market update... We are about to capitulate and break down from our second ascending triangle (a continuation pattern to continue the down trend) which would lead us to an overall market cap of around the 1 trillion usd. Be aware that this market is very very tricky to trade and any movement can be a fake one! Overall I do expect us to end...
The alt market cap is testing support of the bearish pennant, when we break support with a confirmed breakdown (retest support as resistance); every altcoin will drop significantly - especially low cap alts. We could see a short term bounce as we have space left in the pennant and only breakdown by the end of the month. Let's monitor what happens... IMPORTANT:...
BTC BEAR MARKET UPDATE: I have drawn out the whole Bitcoin correction on the 4hr chart with trustworthy data coming directly from my crystal ball! So now, if everyone could please stop asking me where BTC is going and be stressed out with every 2% pump or dump - here is your crystal ball chart! Choppy markets need a crystal ball Do not think this chart is...
Polkadot has seen a very strong correction since its ATH of exactly one month ago... Currently DOT is way underpriced compared to other alt coins in the market and with the Kusama parachain auctions coming on Tuesday, we will see bullish news and price action. DOT has found great support in the golden pocket and broke out of its triangle exactly like Kusama did;...
Finally I'm turning bullish and I am accumulating promising projects again, mostly one project in particular: Kusama! Their parachain auctions are coming this week, which means bullishness for the long and short term! Guys, this is a big opportunity (according to my opinion) because Bitcoin will be in bounce mode for the coming two weeks until the end of the...
BTC LIVE CHART: Bitcoin is currently testing previous support of the bear pennant as resistance at the moment of writing. A rejection could indicate a confirmation for the bear trend and a lower trading range for the coming weeks, however; a breakout could mean the opposite... Currently, BTC is squeezed between support and resistance (green and red box) which is...
BTC bear pennant pt. 3: the never ending bear pennant continues and broadens its boarders within a tight range. This weekend we will see Bitcoin choosing a direction which will likely bring us back at testing the 30K supply zone during the month of June. Given the trading week is almost over, we will see some bullish action over the weekend, building up to the...
BTC LIVE WATCH: Bitcoin is at the end of its bearish pennant, which is a continuation pattern and thus likely to break to the downside. With today being green across the board and prices up more than 20 to 30% for most coins (from their lows); a new consolidation or correction is even more likely... Bitcoin is currently facing a flat resistance level at 38K which...
After two weeks of massive sell offs its rebound week for crypto and the moon boys are back in business! Throughout the crypto space we've seen big dips and big dip buying and we are currently in the midst of a bullish reversal towards new highs! (or not?) Welcome to a new week of crypto and a new sentiment! Fear has taken place for hope and optimism and the...