The Trust Wallet Token (TWTUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since December 16 2022. With the use of the Fibonacci Channel levels we can identify the long-term bullish trend that the token has been in since its inception, unaffected by the 2022 Bear Cycle. Three days ago it formed a 1D MA50/1D MA100 (green trend-line)...
Bitcoin (BTCUSD) is displayed on this 1W chart alongside Gold (XAUUSD) by the black trend-line. The text will be short as the chart is pretty much self-explanatory. Every time Gold breaks its Lower Highs trend-line, BTC is past its bottom and well into its Bull Cycle, starting an aggressive rally. Right now Gold is dangerously close to that Lower Highs...
Ecash (XECUSD) broke today above the 1D MA200 (orange trend-line) for the first time since October 08 2022 and is about to hit the 1W MA50 (red trend-line) for the first time in its history! This is a major Resistance cluster and with the 1D MACD in similar extremely overbought levels as the April 02 High, we expect a pull-back and retest of the 1D MA200 as a...
Celo (CELOUSD) is above its 1D MA200 (orange trend-line), supported by the 1D MA50 (blue trend-line) since January 12. With the 1W RSI on Higher Lows, the Bear Cycle seems over and will officially get confirmed after it breaks above the November 28 High (0.9225). We have already spotted two previous fractals that so far are very similar to the price action since...
This is not the first time we emphasized the strong correlation of Bitcoin (BTCUSD) with Yuan (USDCNY) and the Chinese Bond Yields (CN02Y and CN20Y). We made an analysis right in the aftermath of the FTX crash, indicating why those indicators have all aligned, paving the way for BTC's new Bull Cycle. As you see that happened and this time we incorporate the...
Bitcoin (BTCUSD) just made a hugely important and unique Bullish Cross on its LMACD. Those who follow us regularly over the years, know that we like looking into assets (and Bitcoin in particular) from different time-frames that provide a more spherical overview of the market and the direction. This time we analyze the 15D chart as it just formed a Bullish Cross...
Ethereum (ETHUSD) filled the FTX crash gap on the November 04 High (1680) and is now showing the first signs of pulling back. This is can be the Handle of the Cup and Handle (C&H) pattern that could be completed on its 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) periods and once they form a Golden Cross, push it to the next Higher High. Our target...
Threshold (TUSD) just hit the 0.618 Fibonacci retracement level of the Bear Cycle just one day after breaking above its 1D MA200 (orange trend-line) for the first time in history. Needless to say this is a major bull target hit, the new Bull Cycle is already underway and as the 1D RSI almost reached 95.000, the overbought condition technically couldn't be...
The AUDIO token (AUDIOUSD) broke today above the Lower Highs trend-line that was formed on November 18 2021, effectively being the declining Resistance that shaped the trend of the Bear Cycle. Today's move is a major confirmation of the new Bull Cycle as it also broke above the 1D MA200 (orange trend-line) for the first time since April 05 2022. The 1W RSI is...
The Keep Network (KEEPUSD) hit today its 1W MA50 (red trend-line) for the first time in its history. That took place only on the 2nd day after making the most important Double Break, as it broke yesterday above both the 1D MA200 (orange trend-line) for the first time since April 08 2022 and the Lower Highs trend-line that started on June 01 2022. So far it just...
Bitcoin (BTCUSD) is up +40% since the start of the year and did so by breaking above its former Falling Wedge pattern that was holding since the June 18 2022 Low. On this 1D time-frame, we see that there is a high probability of the Wedge break-out to transition BTC into the next pattern that could be an Inverse Head and Shoulders (IH&S). Such patterns are...
Bitcoin (BTCUSD) has started 2023 with a relentless +40% rally, completing a +50% rise from the November Low. But perhaps the biggest technical development of the upcoming days is the emergence of the Death Cross formation on the 1W time-frame. This is when the 1W MA50 (blue trend-line) crosses below the 1W MA200 (orange trend-line) and on Bitcoin in particular...
The Magic token (MAGICUSD) is living up to its name and is rising aggressively within a Channel Up. That pattern was formed after it made a Double Bottom on November 09 2022. It has turned the 1D MA50 (blue trend-line) into Support, which was successfully tested but right now is approaching the first important Resistance of this uptrend, nearing the 1.6100 level...
Optimism (OPUSD) broke above its All Time High Resistance of 2.32500 as well as the 2.0 Fibonacci level of the Channel Up that is being formed. Since the Resistance broke, the Channel Up has the technical capability to make a Higher High on the next available Fib at 2.5. The increasingly overbought levels don't render it a buy opportunity beyond that level. Best...
We talked yesterday about how beautifully Bitcoin's (BTCUSD) Adam and Even (A&E) pattern delivered a textbook short-term target at 21650: We looked into such past occurrences more and discovered even more interesting clues for the immediate future. As this analysis shows, every Bear Cycle bottom has been formed on an A&E pattern (even the first Cycle in 2011...
Prime Levels (Special Software) Buy early - Sell early Trading Levels The suffering will end in November 2021. It is not investment advice. Crypto is a very risky investment. You can lose or fold all your deposit. Share your risk. Gradual buy-sell. Trust yourself. 27199 Stop-loss We are still buying seeds. Our profits have dropped a bit, but our...
Bitcoin's (BTCUSD) rise last week took many by surprise but what few noticed is that it basically made the theory into practice. The application of the Adam and Even (A&E) pattern that started forming since the November FTX crash went under the radar but was spot on with its target. As you see Wednesday's peak wasn't just a consequence of the 21500 Resistance...
The Altcoin market (total market capitalization excluding Bitcoin) is basically still consolidating. The long-term pattern is a Channel that is best described when using the Fibonacci Channel levels. Right now the price is on its bottom, with the 1W LMACD turning bullish since the August Bullish Cross. The only times in the market's history this happened below...