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...
The Dow Jones (DJI) hit a new All-Time High three weeks ago but is already pointing straight down, already in the early stages of a massive correction... How are you doing today? The week is young and the Dow Jones already wicked higher and is going down. It has been down with two big red candles closing below EMA10 and EMA21 weekly, the bears are now in control....
➖ We are expecting Cardano (ADAUSD) to go beyond $7 in 2025. It can even hit $8 or higher when the Cryptocurrency market enters its bull-market phase. ➖ 2023 was the recovery year; relief rally and right now we are witnessing a correction that is scheduled to produce a long-term higher low and then a major bull-market. ➖ Big green is expected to happen in the...
Hello amazing trader —you are GREAT!— how are you feeling today? Here we have the Nasdaq (NDX) chart and this chart has something to say. We will keep it simple because we think simple is best. ➖ Bearish harmonic pattern 👉 We have a rounded top and a top leads to a drop! Support targets: 1) Around 16,500 2) Near 15,400 with a wick lower. 3) Going for...
➖ On the 26-Dec session we have an inverted hammer candlestick pattern to signal the top of a trend. This inverted hammer is followed by four weeks red; Inverted hammer as reversal signal confirmed. ARKK produced an upper wick this week, now trades red. ➖ The action moved below EMA100, mid-term bearish potential confirmed. Multiple bearish signals confirmed. We...
We have a bearish harmonic pattern on the Amazon chart. The pattern calls for a drop. ➖AMZN hit a new All-Time High recently but the week ended up closing red. ➖Seeing the long-term drop in trading volume and related markets, we can predict that soon this bullish sentiment that has been going for months will change. ➖It can happen that the pattern is not yet...
I am about to share a great piece of information with you that will help you clear all doubts. What would you do if you knew with a high level of certainty that Bitcoin was set to continue lower? What steps can you take now or in the future in order to protect yourself, your assets, your portfolio, etc., as Bitcoin and the Cryptocurrency market goes...
Let's look at Bitcoin in under 3 minutes; this is a short-term chart (1h TF). 👉 Currently BTCUSD is trading within a bear-flag with a bearish and declining RSI, based on these signals we can expect lower prices. Step by step price action simplified: ➖ #1 = Distribution ➖ #2 = Breakdown ➖ #3 = Bearish continuation (developing) Thanks a lot for your...
PolkaDot (DOTUSDT) is in the process of producing a major retrace... Let's see what the chart has to say. Here we have an "initial high" in December 2023; notice that in March 2024 a higher high is hit but this is a "weak higher high" because the peak price stays too close in the vicinity of the previous high. ➖ A weak high means weak bullish engagement; ➖ Weak...
One signal and one signal only, I promise: The last 3D session that closed, 19-22 March, produced the highest volume ever and it closed red after a multi-year high. This is a very, very strong bearish signal. Here is a nice short. Medium-risk as the move is already developing but still good. ------ SHORT SOLUSDT Leverage: 5X Buy-in: $195 - $165 | Cp:...