This breakout and retest can be a perfect scenario before a continuation up to new local highs. The invalidation is moving back into this wedge or an initial break up and moving back below 1.15.
I like the long opportunity here for KCS with a ton of upside. Potential 10x mover here.
ENJIN clears 0.21 cents and this major resistance zone, this is a VERY GOOD sign. As long as it stays over on the weekly, this looks primed to make a parabolic move. The chart looks very similar to LINK and LEND. Simply put I’m expecting ATHs for ENJ and a major move up over the coming weeks / months. Patience
We have Seen btc.d break a huge 2.5 year trend. This trend change indicates that bitcoin dominance will significantly come down meaning:
Bitcoin consolidates & Alts out perform
Bitcoin sells off and Alts preserve purchasing power better then bitcoin
Bitcoin rises and Alts significantly outperform
I think we need to take into account where bitcoin is. There is...
Sorry I haven't posted in a while. I had many of my trades banned by tradingview and it pissed me off. This one I needed to share.
Bitcoin recently lost it's log channel trend. This was a trend that had been respected for 7 years. Losing this channel was a very bearish signal IMO. Although I am MASSIVELY BULLISH on bitcoin in the long term, I believe we are on...
Corona Virus has really taken a toll on the world wide economy. I believe that we will get past the virus and thrive as humans and continue to push forward. The price of oil has touched the bottom of the multiyear descending wedge.
The break out of this wedge would indicate a trend change and given the trend has been down, this could mean that high oil price...
Hey everyone,
Sorry I didn't update this post earlier. If you would like to go on my twitter page a link to my Tube channel is on there where you can see my prediction on why I believed Bitcoin is in a multi year bear market as of Last week.
For those who wish to only read this, it is very simple, we have lost a uptrending channel we had been moving in since...
Stock market has fallen to a critical support line where we should see some type of bounce from here. However, at the 4 times this has held at support over the last 10 years, there was never a pandemic to trigger an even bigger sell off. I expect a sell off below here will be shocking and violent if it is to occur soon.
Perhaps, we can hold on here and bounce...
Unfortunately, many of my trades were taken off because I had linked my youtube channel to the trades.
But I had previously talked about this head and shoulders forming at around 10k, now it seems the shoulder is intact, and this would be a fantastic opportunity to scale in at the last potential chance to grab bitcoin under 10k. This is at about the very low for...
Yes, we are on in the midst of our next bull cycle which should run until around June-July time. However, I am starting to see warning signs that Bitcoin may be ready to sell off in the short term. What we may be seeing is a head and shoulders pattern developing on the weekly which could take about a month or longer to fully form and complete.
A simple amplitude...
Today's post will be a little longer because I would like to emphasize why this juncture is so critical to the future success of Bitcoin. Bitcoin has moved within the same upward channel for 7 years. Eventually these trends end or reverse. Nature takes its course every time. Whether we are looking at the beginnings of a multiyear bear market or a continuation into...
I don't see much strength in the TOTAL2 marketcap as it lost a critical structure on the Weekly.
Bullish Scenario
I will need to see some sort of strength in the alt market cap by reclaiming the ascending triangle with a close above the zone.
Bearish Scenario
I think it is very possible that we hit 37.5 marketcap and if we hit this level, I will look for...
What we are seeing is a Tezos test of ATHs and now a healthy correction back to support. Now that we are seeing a healthy bounce at support looks like the ideal time to scale into Tezos before it goes into Price discovery.
To close below the green line and the 1.50 support on the daily would be bearish and I would cut this position. If not, I think this can...
In what has been an eventful sell off. I think we are seeing clear signs that this will serve as one of the best buying opportunities in all cryptos and $BTC seems to have hit it's bottom for this correction that started in June time when it touched the bottom of the 6 year bullish channel it has moved up on. This touch of the trendline hasn't been seen since Dec...
BCHABC is showing many positive signs from it's USD pair which is a very bullish sign as it seems to have bottomed in terms of it's pairing to BTC over the last several weeks. Now we are seeing some clear signs of bullishness on the weekly and daily MAs.
Monthly
What we may be seeing is a positive trendline forming on the monthly and seems to have been...
ALT MKT CAP
I am seeing a lot of bullish sentiment in the alt markets. Multiple indicators are telling us that in the short to intermediate term, we should see a rally in many Altcoins.
Monthly
What we are seeing in the total alt market cap is a powerful ascending wedge forming on the monthly which should begin breaking out of this wedge sometime after mid...
Are Alts ready? Looking at ETH/USD.
Bullish
We see Ethereum approaching a critical junction on the ETH/USD chart. The good news is that, it seems we have secured closes above the 9 W MA and 13 W MA which is at least bullish in the short term if we can hold above the 180 area this week.
However, rejections from these levels could send alts further down...
Huge Test Lies Ahead
XRP/USD pair is really starting to look nice. It's quite bullish that the price has captured the 10 W MA and the close above it is confirmation. This has led to a pump in most cases. How big the pump? Who knows, but 47 cents definitely seems in reach here and we could see it quickly. However, it's important we are able to move and stay above...
It seems that Bitcoin has made quite the run from it's December lows moving from sub 3k to almost 14k. While surging in a parabolic attempt to reclaim new highs, it failed at the critical 61.8% fibonacci level from all time highs in 2017 or around 13.5k. In bitcoin bull markets, 30-50% corrections, which is what we are seeing from the local top of 13.9k back down...
