A quick surface analysis of BTC on the daily reveals a common pattern we've been seeing in previous redistribution zones: multiple failures to rally coupled with low demand at upper micro resistance. This is a critical area where we would expect to see demand (buying power) flood in. Instead, we see supply volume systematically crashing the party. Not to mention...
Bluzelle has been on a slow accumulation campaign, being methodically absorbed since the 18th of June by informed interests. Notice demand surging each time the PA touches an important juncture: TRS (range support), TRM (range midpoint), and now at TRR (range resistance). It's also emitting demand tests amidst a sea of low-level supply. All this while it steadily...
Possibility of 14.5K Bitcoin (.618% retracement) or lower if supply keeps expanding on the pullbacks. The repeated failure to rally (FtR) at range resistance is also bit concerning. Be ready either way. Buying power shrinking on the impulse waves intra-range is also something we must heed. Put it all together and we might be getting a good sale on Bitcoin soon!...
I keep getting the feeling Braintrust (BRTST) is marking time & waiting to spring up to close out the macro liquidity void at around 2.35. When that will happen one can only conjecture, but I think it will be soon due to a recent demand test. Set a limit sell order up between the 1.618 and 2.0% Fibonacci levels to get cashed out if it decides to make a run. Just...
TRAC on track for marking up from a symmetrical pattern it's been trending within for days. Climactic demand volume spikes every time the PA touches micro support, while the corresponding supply is staying low. Look for more expansion. 1.272 (20%) is a strong profit-taking zone IMO, and I am looking to get out at the 1.618 (30%) if we prevail in reaching it....
CTSI is flexing demand at microtrend resistance. Normally I would discount this and wait for confirmation but seeing so many of the alts making quick micro rallies up to the .272 - .618 areas, I figured I'd try to cash in on this one before I miss the opportunity. Invalidate if it falls back into the regression trend and beneath channel midpoint -- because who...
Look for a possible momentum drive by YFII up the trend support to the 1.618%. If it plays out, we're looking at a standard 15% net gain. Be sure to execute a limit sell (b/c that's what I'm doing), even though the price might rally higher. Much better to get in and out and live to tell the tale than overstay your welcome and get burned to the ground. *Be sure...
Look to get wick-flashed out with Farm after the PA reaches the ascending triangle apex. This token has a habit of shooting green fire, so set a limit sell order between the 1.618 to the 2.0 (about a 15% gain), and who knows, you just might get cashed out of the casino early. Obviously not financial advice; it's something I'm doing. It's due for a spike IMO and...
SPELL looking to expand. But can it overtake TRR (range resistance)? Second attempt and curiously timed with the Celsius Token rally. But this may just be a coincidence. A limit sell is in order here: anywhere between .272 and .618 will do the trick. Remember we are still in the countertrend; gotta play it safe. Good luck, safe trading! *Be sure to subscribe for...
Jasmy could be looking to reclaim some lost territory in the short-term. Volume showing clear demand predominance as supply shrinks in the intra-channel pullbacks. Let's see where it goes. I wouldn't hold past 2.0%, being still in a BTC countertrend. It's like climbing a house of paper cards; take the money and run before the windstorm comes. *If you like...
DYDX is retesting the 1.0 Fibonacci boundary, on the cusp of a potential northern expansion. I'm keeping an eye on this one and wanted to post a chart before it (potentially) runs off too far to make it profitable for a cool 10% swing to the 1.618%. If not, it will fall back through microtrend resistance and into the regression trend. I would seriously consider...
LUNC is throwing the gauntlet down once again, inviting intrepid crypto traders to dare step into the moon rocket. It could just be a dud and go nowhere. The bull flag it's trending in seems to indicate otherwise, as large-scale institutional re-adoption seems to be happening -- at least that's what the volume is demonstrating. *Be sure to subscribe for more...
OXT is making a series of advancements as it crawls up microtrend support on its way to the Fib ladder. New demand seems to be emerging as it brushes the 1.0 lower level. Looking for more advancements. Profit/Sell zones between the .272 and .618. (.618 caps out the MacLV1). Good luck. *Like making money on swings? Be sure to subscribe for more dynamic &...
I shared this one with my group yesterday. Ape getting ready to make a move. Volume metrics showing pronounced decreases in supply pullbacks as the price trends symmetrically, with demand slowly increasing to the upside -- that's a formula for a potential markup. Let's see if we can swing this Ape to the 1.618 - 2.0% Fib zones. Get in and out if you can. Last...
ZEN demonstrating volume predominance exhibited as a series of demand tests in the vertical bars. This may -- or may not -- denote a potential markup brewing on the horizon. As usual, take up to the 6.18 if the PA surpasses the first fib zone barrier with continued demand, but be cautious in holding past the 2.0% as we are still on shaky ground with Bitcoin. The...
ATOM is in an all too familiar trading pattern, coming out of an A&E reversal (presumably) and cautiously retesting neckline to establish support. From here we expect a continuation of the markup up into the Fibonacci zones. All subject, of course, to BTC staying on its meds and not dumping. I wouldn't take it further than the 1.618% in a countertrend, which would...
CRV looking to expand out of a similar A&E pattern many alts are currently trending in. Some are popping off before others and are aiming at collecting up to 15% gains short term. I shared this one recently with the group, back when the prelim was .8538 & before yet another expansion attempt. Keep an eye on BTC which can still pull many of these alts back down. ...
Aergo/USD is rising among the numbers and is one of the latest preliminaries sent to the group at .1250. Here we are now at .1278 and things are still looking good. I'm cashing out somewhere between the .618 and 2.0% Fib. Every little bit counts in this countertrend, but please be careful: look for more surprise pullback action with BTC. We're not out of the woods...