This is a strong scenario right now and something we have all been wondering... How are you feeling today? With so many Altcoins now really strong but yet to complete their bullish cycle and Bitcoin ultra-bullish, it calls for additional growth many people say... I hope you are having a wonderful start to your week! ➖ Bitcoin is trading near resistance, at...
This is only one signal, just one and this is one of the most simple and effective at the same time —how are you feeling today? The mother of all crashes, truly? There are always some mixed signals or mixed feelings when reading the Bitcoin chart: ➖ When the chart is clear, it goes the other way. ➖ When the chart is mixed, we don't know what to say. Either way...
We are very familiar with this pattern as it repeats over and over through many charts; The Adam & Eve bottom pattern. First we have a pointed low followed by a rounded one. Notice the downtrend (orange channel) leads to sideways (blue channel) and then a drop which ends up as a bottom pattern. Once ATABTC moves back above the blue channel price range then the...
The Bitcoin 2024 Halving is only 5 days away —according to CoinMarketCap— and this is truly a major event in this market. Bitcoin's halving has a huge effect on the entire Cryptocurrency market in a positive way. The halving is something good and was implemented as a strategy/feature/solution/technique to fight the highly feared and polarizing monetary inflation...
The market moves in waves, pretty simple. ➖ Up and down. From July through October 2023 we had a major bullish wave followed by a distribution phase. From November through late December 2023 we had a correction. ➖ Up and down... We are now set to see a bullish wave based on how the market cycles through positive and negative, red and green, bearish and...
We are going to be looking at it through the moving averages and keep it simple this time... How are you feeling today? I am hoping you are having a wonderful Saturday. Based on what I am seeing in this chart, next week will be a super bloody, full blown red week and that's ok; the market moves in waves... We are talking about the stock market, the S&P 500 Index...
Thinking of the Cryptocurrency market four years cycle, based on Bitcoin's halving, 2019 is analogous to 2023. 2020 is analogous to 2024. Syscoin (SYSBTC) is now moving within a higher low of a very strong support range that was active back in 2019 and 2020 before a major 1,500%+ bullish wave. This price range is being activated after an entire year of very...
Hello my fellow Cryptocurrency lover, I am looking at the Bitcoin Dominance chart today at your request; let's see what the chart has to say! First, an introduction! The Bitcoin Dominance chart is an index, it shows Bitcoin's dominance within the Cryptocurrency market. This chart will not tell you if Bitcoin or the Altcoins are going down or up but this is...
The three black crows is the inverse of the very famous "three white soldiers" candlestick pattern. The three black crows is a pattern that may predict a change of trend, in this case, the end or reversal of the current uptrend. ➖ The week is not over so this pattern is still in the making; not complete, needs confirmation. Once the week closes, if it does so...
Have you ever seen a $50,000 Bitcoin? There has never been a Bitcoin at $50,000! I mean, there is no accumulation, consolidation or distribution phase around this level. Bitcoin has only dealt briefly with $50,000; this cannot be our main support. It can be our first stop but not the main one. Looking at this structure, the chart; it points toward a strong...
While Polygon is sure to take part in the first 2024 Cryptocurrency marketwide correction, this is only a short-term move. Short to mid-term to be more specific as this correction can extend and about this we will know more pretty soon. Polygon has been growing long-term, it is surely an amazing project. Cryptocurrency as a whole is something unique; a perfect...
AAPL hit a new ATH recently, Dec. '23, slightly higher compared to July '23. The ATH, 199.62, came in modestly higher compared to January 2022. A four years long bearish divergence has been developing with the RSI, January again. Apple's weekly RSI peaked January 2020, by now, the divergence is four years long. Trading volume has been dropping since March...
This is the weekly timeframe for Bitcoin my dear friends and amazing supporters, look at this chart, it reveals everything. Bitcoin is the best invention since baked bread, I mean like literally. Bitcoin is the best thing invented since the Internet, for real. Bitcoin is the best thing that we've seen since the creation of money, we don't know how much...
The last time Solana (SOLUSDT) moved below EMA10 weekly coming out of a multi-year strong high, was back in November 2021. As soon as Solana broke below EMA10, a major bearish wave ensued... How are you doing today my fellow Cryptocurrency trader? I hope you are having a wonderful Saturday. Is there still hope? What do we need hope for in this type of...
All the descriptions can be seen on the chart. Here we are comparing two different patterns: 1) A continuation pattern with a flat structure; 2) A top pattern with a rounded structure. It is all quite revealing. ➖ The continuation pattern comes right after the initial breakout —perfect. ➖ The top pattern comes right after a major bullish wave —great. 👉 First...
The Nikkei 225 Index (NI225) has been on a massive bull-run since 2008. Total growth goes beyond 470% from bottom to peak. ➖ The bottom hit late October 2008. ➖ The All-Time High (41,087.75) hit March 2024. As the NI225 hits a new All-Time High many bearish signals started to develop. To start, we have multiple weeks of bearish action. The classic rounded top...
➖ Back in May 2018 the UKX produced a peak that led to a major crash a few years later, this was the All-Time High at the time. ➖ The ATH came in May 2018 followed by a long-term lower high January 2020. ➖ The lower high January 2020 signaled the start of the biggest corrective crash since 2008. We have a similar situation when it comes to price action and chart...
Let me start by saying that Ethereum is headed toward a price tag of $2,000 in a matter of days or weeks, are you ready? The fact that Ethereum has been drooping for six weeks straight yet people are waiting for new highs shows that we are in a disbelief phase within the current market cycle. Here we have a very interesting 5 steps sequence, let's dive into it...