evasivesteering

evasivesteering Updated 

As in my previous post with the preliminary analysis for BTC, I have some thoughts about a possible Distribution Phrase (see link below). As shown in chart, if the current level around $26000s hold for some days, it will be not impossible that BTC revisits the recent highs (around $30000 - $310000 area). After that, given the current macro context (US default...

evasivesteering

What is your opinion on BlackRock's BTC spot ETF? I have a mixed views: both positive and negative. Case A: As you can see in chart, BTC is right below a resistance trendline. If break-out happens here, I would be happy although I'm still waiting for a last dips to fill my bags. Case B: However, if we take a look at the consolidation between 2018-2020, we...

evasivesteering Updated 

I would like to update my short-term view for BTC (see link below). I must admit that the latest move was out of my expection and didn't go well. Indeed, the hypothesis based on ascending channel was not valid after the fake news on BTC ETH on 15th Octobre. Nevertheless, I'm still thinking that BTC would revisit the long-term trendline at around $23500. This...

evasivesteering Updated 

APT has just broken the trendline since January 2023 (see screen-shot below), with at good candle (16% up). I'll will wait for the retest of the range around $5.3-$5.4 to enter. This area is a confluence of The Fib 0.5 and Fib 0.6 (drawn for the today's candle of 16% raise) The long-term trendline EMA 50D If prices come to this area, the proposed...

evasivesteering Updated 

BTC has once again approached the critical $30,000 level, setting the stage for a fierce battle between bulls and bears . This showdown is not expected to finish in some days (but maybe some weeks in my opinion), even though the bulls have demonstrated notable strength in recent days. My current hypothesis still leans towards a retest of the $23,000-$24,000...

evasivesteering Updated 

Hi all, I would like to share my short-term analysis for BTC based. As seen in chart, I expect that BTC will revisit the long-term trendline, at around $23000s (or even below!). The reason is that BTC seems to form a distribution pattern following Wyckoff method. Before reaching this low, BTC would move as follows: Scenario A: BTC will resume its leg-down...

evasivesteering Updated 

Decentralized exchanges are very promising to become a new hype in the upcoming bullrun, with dYdX emerging as a compelling focal point for both traders and investors. It's been 1 year and a half that dYdX has been trading in the range from $1-$2.7. It's likely that it will continue to be for many months. In my opinion, good opportunities to accumulate dYdX may...

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LDO, which stands for "Lido, a Delegated Proof of Stake (DPoS) staking protocol for various cryptocurrencies, including Ethereum (ETH) and Terra (LUNA). Lido aims to provide liquidity to users who stake their tokens on these blockchains. In my opinion, LDO is forming an interesting pattern, the accumulation schematic following Wyckoff method. As in chart, the...

evasivesteering

BNB, crypto of largest exchange Binance has been trying to resist the longterm support (since Mars 2021). Today it's rejected by the EMA 50D after bouncing from the current support. As my analysis, BNB seems to form a falling wedge and in the next days/week, prices would retest the lower support trendline. I'll consider to accumulate BNB in the range...

evasivesteering Updated 

Hi all, I would like to share my new view on WLD for those who are interested in this crypto. By the way, if you have any fundamental news, don't hesitate to share in comments. In general, WLD has been moving in a descending channel. Although prices are trying to break the upper (resistance) trendline, in my opinion the bottom had not been confirmed. We still...

evasivesteering Updated 

Hi all, I would like to update my previous analysis for alcoins. This new one give similar outcomes: altcoins are still bleeding and will do more. The reason is shown in chart: a H&S pattern was formed. The break-down of the neckline will trigger the way down to the support trendline of the descending channel. The only adjustment (wrt to the original one) is...

evasivesteering Updated 

I suppose that WOO has been forming an Accumulation schematic following Wyckoff method. According to my analysis, it'd take months for WOO to be in the range $0.1-$0.3. Base on this plan with expected main events, I'll look for potential setups. ------------ Info about WOO ------------------- WOO Network is a system of Centralized Finance (CeFi) and...

evasivesteering Updated 

I would like to continue my previous analyses (see link below) with new data for PEPE. As shown in chart, it's an accumuation scenario. Although, it's too soon to confirm anything but this is my current hypothesis and projection for the next moves of this crypto. What are your plans and thoughts about this meme coin? Thanks in advance for sharing with me.

evasivesteering Updated 

RNDR has just broken the descending channel and also the MA 200D. Retest is on-going but in accordance to BTC's view in short-term (see link below), it's unlikely that this is a false break-out. Rejection by the lower trendline would happen, in my opinion. As a result, a short setup is proposed as in chart.

evasivesteering Updated 

OCEAN has been moving in a descending channel. It's broken the local trendline support and would go down to touch the lower support trendline of the channel. As a result, a Short setup is as in chart.

evasivesteering Updated 

BTC has been bouncing strong after touching the support around $25000. The main motivation of this "rally" is news linked to Bitcoin ETF filings of Blackrock and other big funds. It's a good news for BTC and cryptos! Let's see how long this move will last and how high BTC could reach because SEC will not reply soon to these filling requests. What happen if...

evasivesteering Updated 

BTC has been going no where since a week. When will it decide to move? In the next days, i'm still thinking about its retest of the trendline since January 2023 (around $27000-$28000). Before this, probably BTC continues to consolidate around the EMA 50D to finalize a re-distribution phase (after the first distribution one from the range 30k-31k).

evasivesteering

In 4H TF, WLD seems to have been moving in a descending channel. It's just rebounced from the support trendline (at around $1.65). This pullback with average volume would not give alot perspectives on a strong bounce, in my opinion. I would wait for a second retest of the trendline where a bullish devergence (on CMF and/or MFI indicators) would enhance the...