We are looking at both, bearish and bullish charts. The bearish ones are those that produced astonishing growth last year and into early 2024. The bullish ones are those that are trading at bottom prices or at new All-Time Lows. ➖ THORChain (RUNE) peaked in March 2024, it has been bearish since. We have the same chart patterns and price dynamics as the other...
Bitcoin is setting itself up for something incredible... Let's analyze the two weeks with the highest volatility in 2024. ➖ In 29-July week, Bitcoin reached at a peak of 69,985 and a low of 57,176. That's a swing of more than 12,000$ in a single week. ➖ In 5-Aug. week, Bitcoin peaked at 62,700 and bottomed at 49,111. That's a huge 13,589$ swing in a single...
I share mostly bullish Altcoins, but I found this chart looking for those that are set to grow and thought it would be of interest to the holders of this pair. ➢ Velo's (VLXUSDT) correction might not be over. Last week, 9-Sept. session, closed as a lower high compared to the peak that was hit in March 2024. Volume has been dropping since February 2023. The...
Today is the sixth day that Bitcoin goes red and this is unheard of... How are you feeling today wonderful amazing person? Incredible human being! Notice the blue line on the chart right below the rounded top, BTCUSDT wicked above this level today but is already trading lower, a small rejection. Recently I mentioned how Bitcoin never produced 5 consecutive red...
Warning, close any and all LONGs on Notcoin (NOTUSDT) as it is going to be diving down searching for new lows. Bitcoin is bearish now and the entire Cryptocurrency market is turning bearish to produce the final correction low. There is only one last support and this support is very likely to break, once it breaks, expect much lower prices. The good news is that...
Nobody thought about doing this... Watch, isn't this smart? I plotted the Fib. retracement levels for the last bear-market wave and look what I found, Bitcoin Dominance is now trading at the strongest resistance possible, the 0.618 Fib. retracement level. ➖ Since September 2022, BTC.D has been moving within an inverted correction. ➖ There is super high bear...
The reason why you are seeing mentions of "no more SHORTs," is not only because I am turning bullish but because we are reaching the end of a cycle. The Cryptocurrency market has been bearish since March 2024, invariably. It has been going down. This chart is absolute proof of this statement, but it won't go down forever, in fact, the bearish cycle is coming to...
SUIUSDT stopped to rest on the weekly timeframe, this is not good. In March we saw the same and what followed was a strong correction. ➖ First there was a TOP. The start of the bearish impulse produced two red candles. One week was of rest and then a bearish continuation happened. ➖ Right now the same price pattern is repeating. We have a top, the start of a...
With some variations, the bigger structure is the same. Marketwide action. I already mentioned Ethereum many times but people are not very friendly with Ethereum lately so we will forget about that one. I am talking about supporting evidence that Bitcoin is likely to move lower. The fact that Ethereum is already down in hell is one of such proofs/evidence, but...
Correct me if I am wrong, the question right now is about the correction, right? How long will it last, how will it develop; what are the dynamics, what can we expect? These are good questions and we have some data on the chart that can help us build some approximations. Since March 2024, Bitcoin's ATH and the end of the last major bullish impulse, we had mainly...
This is just for reference, to try and extract some approximations as how to long the second correction will last. The first one from March through August lasted 154 days, 22 bars. ➢ If we divide this number by 1.618, we get 95 days, 14 bars. ➢ If we divide this number by 2.618, we get 58 days, between 8-9 bars (weeks). The market never moves straight down nor...
Billions of dollars worth of Bitcoins moving out of exchanges on a Saturday night, business hours I should say of course... Nothing to see here, move away... My dear friend, we are calling this one a "continuation" SHORT. The reason for this name is because I have to make something up, so I hope you like it. For PEPEUSDT we have a top in May, from this top a...
To keep it simple, we just need to deduct 50% from an average price tag of around $72,000, this would put Bitcoin at around $36,000 on this major crash. This same level matches EMA55 on the monthly timeframe. This would be remembered as Bitcoin's 2024 capitulation event. What happens after the capitulation event? Sustained long-term growth. A new 100K target is a...
Can we say that the first one failed? Or do we say that it hasn't drop just yet? Solana's chart setup continues bearish and we have a confirmed lower high. This is part two of our PREMIUM SHORT. This is the last public short of this period/cycle, once this and the other trades fully develop we will be living in a different world, truly. Things are about to change...
Back in 2021, Bitcoin hit a major high in April. 210 days later a slight higher high, and a technical double-top, was hit in November. The first high toward April 2021 was preceded by rising volume. The second high toward November 2021 was preceded by decreasing volume. In 2024, the first high reaching March was preceded by rising volume. The second high toward...
The weekly timeframe produced the biggest upper shadow of the year. This is the strongest bearish candle since October 2021. What to expect? The move we are about to experience is only a temporary event, a short-term move. Bitcoin is about to drop but this is only momentarily, it should be over in a flash. As soon as the bottom hits, we are green...
Here is BTCUSDT (Bitcoin) on the weekly timeframe. The last session produced a candle with an long upper shadow/wick; the action is now happening below the 29-July price high (70,000), also below 11-March (73,787). Good morning my fellow Cryptocurrency trader, how are you feeling today? The week as it is now is definitely bearish. Closing below 70,000 would...
This is it... This is it my dear friends, the final one... Incredible isn't it? We've never waited so long to see a move develop... It feels like forever. We have SHORTs now open for 7 pairs and they are all in the green excluding one, Solana, but this one too shall enter our profits zone. The pairs are RUNEUSDT, SHIBUSDT, PEPEUSDT, ETHUSDT, BNBUSDT, RAYUSDT and...
