kevvela

kevvela

This is too early to make but I want to be ready for when the sentiment starts to turn around and when the next bull cycle manifests. Likewise have a basis for my decisions in the crypto space down the line Used the previous highs for this assumption: Highs: 1st Halving High: 1.163k 2nd Halving High: 19.66k 3rd Halving High: 69k Rate of Increase...

kevvela

So here's what I noticed with $bitcoin (which was established back in 2009), Previous halving years: 2012, 2016, 2020 Bull runs (established peak) 2013, 2017, 2021 Correction years: 2014, 2018, ???? Given this pattern, 2022 is looking like a correction year for the OG crypto, Bitcoin, and most likely the rest of the alt coins (i.e. ETH), since all of these...

kevvela

Seeing a nice 2x bottom test for Ethereum after weeks of decline. MACD histogram going green makes the bullish call a stronger case Seems like $3k is a good support. Good luck!

kevvela

Luckily, I ended up 2021 with a win. It was a modest one but given how tough the trading environment was back in December for the long side (likewise in the start of 2022), I'm thankful that I was able to pull off a W. Let's review it $TRT is the ticker of the trade. First entered the trade back in December 7, 2021 (1st Green Arrow) at $9, when it proved...

kevvela

Here's another one that I recently traded. Wasn't able to maximize profits on it but going to use this experience to improve my strategy further $ENVX is the name of the trade. The marked area is where I entered the stock, $24.50 back in October 25, 2021, when volatility died down. Initially, was using the 10 day EMA as my trail profit with a target selling of...

kevvela

With Bitcoin back near it's all time high (ATH), it seems like it's prepping to traverse new highs. It has also formed a cup and handle pattern with through at around $28kish level and peak at around 65kish level, enough to propel BTC to $100k. Other indicators helping the case of new highs for BTC are as follows: Price trading above 20Day EMA - healthy uptrend...

kevvela

Been trying to figure out what kind of area pattern ETH is forming. Zoomed out and spotted an ascending triangle that's about to break out! Jesus! Plan of action here is to enter below $4k and if it further corrects lower than where we are right now, Dollar-Cost Average. Good luck!

kevvela

Admittedly, not all of my trades will be correct. Even if they are correct, I will never be able to trade them perfectly. What I strive for is to be better than yesterday. Such is the case for my $AEHR trade. The marked areas are what I used to enter this stock, usually when volatility has died down. Tried to be as patient as I could by trailing my profit with...

kevvela

Crypto space is starting to go bonkers and with this happening, it's wise to choose the strongest one In my opinion, it's ALGO or Algorand. Been watching this crypto for almost a month now and here's what I like about it: *ALGO corrected and stabilized on the 50 Day MA while ETH and BTC on the 100 DAY MA, a sign of relative strength *MACD Cross up, MACD +...

kevvela

Crypto market is once again on the rise. ALGO stands out the most to me given the following indicators: MACD cross up MACD + MACD histogram transition to the positive side Volume Contraction Pattern 50 Day MA as support Together with the improving sentiment in the space, I'm liking the prospects of ALGO Good luck!

kevvela

DXY seems to have formed a double bottom, a bullish reversal pattern Targets are at $98 - $100, measured from the height of the area pattern. Rush in USD is usually a risk-averse market signal. Stay safe and good luck!

kevvela

US Dollar Dominance seems to be back again With cryptos having a tough time lately, it seems just apt to look at how US dollar is doing. DXY seems to have formed a double bottom USD/CAD seems to have formed an inverse head and shoulders pattern with neckline at around current level ($1.28), purple lines Arguably, current area pattern is an ascending triangle, a...

kevvela

Despite all the China FUD, ALGO or Algorand has held up pretty strong. Bullish Indicators in favor of ALGO: Volume Contraction Pattern MACD Positive (despite the recent crypto sell off) 50 DAY EMA as support Relative Strength vs the entire crypto market Stochs at Oversold levels Strategy: Buy below $2.00 Cut price $1.40 There might be more upcoming...

kevvela

ALGO or Algorand has one of the stronger looking charts in the crypto space With it's recent ascent from $1ish to $2.50ish, ALGO is currently undergoing some price correction What's nice about its ongoing correction is the Volume Contraction Pattern (VCP) on its daily volume, a bullish sign. The previous resistance that it broke, $1.80 ish, is now acting as...

kevvela

Looks like Cardano is ready to start is upward trajectory ... 50 Day MA definitely a strong support MACD Historgram soon to turn green / positive Previous high of $2.40ish proving to be a strong area of support MACD at 0 level, cross up soon to happen. Cup and Handle area pattern Combination of all these leads for a bullish call Good luck!

kevvela

ETH might be setting up the handle to the cup of its current area pattern. We all know that's bullish. Just putting it out there. Good luck!

kevvela Updated 

To arrive at this idea, let's compare how 3 indicators are acting for each crypto currency Cardano: 50 Day Moving Average seems to be proving as a good support Previous high of $2.50 is acting as floor for this current correction MACD positive Ethereum: 50 Day Moving Average seems to be proving as a good support Previous high of $4,200ish is acting as resistance...

kevvela

Seeing the same thing I saw with Ethereum, Bitcoin has been forming a consolidation pattern. Same analysis to ETH before solidly breaking out from $3,300 Correction momentum has slow down 20 Day MA has proven a strong support Strategy: Buying range $48k to $51k Target: at least $90k Computed from Bottom to Height of Cup if instrument successfully makes a cup...