AlexWhale

AlexWhale

THORChain (RUNE) has been entrenched in a substantial downtrend since May 2021, consistently forming lower lows. Recent price action, including a retest of the downtrend line, suggests a potential shift in market dynamics. The expectation is for a retracement to the support zone, coinciding with the 0.5 Fibonacci level, before a potential upward move. 🔄 Prolonged...

AlexWhale

OP Token (OP) is currently trading near the upper boundary of an accumulation range, signaling a potential bullish breakout. The repeated bounce off the lower levels, combined with three instances of retesting and reactions from the 0.5 Fibonacci level, presents a compelling technical scenario. 🔄 Accumulation Range Breakout: The fact that OP is trading near the...

AlexWhale

Bitcoin's (BTC) recent month-long consolidation within a range has presented traders and investors with a unique set of challenges and opportunities. The repeated removal of liquidity from the upper levels of the range has been a notable strategy, but a shift in approach—removing liquidity from below—could be a catalyst for sustained upward momentum, aiming for...

AlexWhale

BakeryToken (BAKE) has recently exhibited a prolonged period of trading within a descending channel, with consistent tests of a horizontal resistance level from above. The recent breakthrough above this level suggests a potential shift in market dynamics, but careful consideration is required as manipulation in this zone could impact future price movements. 📉...

AlexWhale

In the dynamic world of cryptocurrencies, significant events often trigger market movements, and the past has shown us that what follows isn't always a predictable upward trajectory. In 2017, the approval of CME futures for Bitcoin (BTC) was met with enthusiasm, but the subsequent market performance took a surprising downturn. Similarly, the Coinbase IPO and the...

AlexWhale

1. Pattern Recognition: LDO is currently exhibiting a substantial ascending triangle pattern on its chart. This pattern signifies a consolidation phase where the asset is preparing for a potential breakout. 2. Breakout Catalyst: An impactful event occurred as LDO experienced a shakeout beneath the ascending trendline. This shakeout provided a significant boost...

AlexWhale

1. Trend Identification: Start by identifying the prevailing trend. In the case of FTM on the 4H timeframe, observe the formation of a steep ascending trendline. 2. Accumulation of Liquidity: Recognize areas where significant liquidity is accumulating. FTM's steep ascending trend indicates areas where traders and institutions are actively participating and...

AlexWhale

Ethereum Classic (ETC) and Ethereum (ETH), two prominent cryptocurrencies, often find themselves compared due to their shared history. An intriguing aspect of their comparison is the formation of a similar liquidity pool from below, providing valuable insights into their respective price actions. 📉 Common Liquidity Pool Formation: Both ETC and ETH experienced the...

AlexWhale

🔄 Repetition of Behavioral Patterns: Bitcoin Cash (BCH) has demonstrated a penchant for revisiting and replicating its past behavioral patterns, creating an intriguing narrative for traders and investors. Notably, it has a history of mirroring its own fractals and behaviors, offering insights into potential future movements. 📅 Historical Recap: In a strikingly...

AlexWhale

🔍 Technical Insights: ZRX, a cryptocurrency with a rich trading history, is currently displaying a compelling technical setup on its weekly chart. A closer examination reveals the emergence of a significant double bottom pattern, signaling potential bullish momentum in the market. 🔄 Understanding the Double Bottom: The double bottom pattern, a renowned bullish...

AlexWhale

Analyzing UNI's historical price action reveals intriguing fractal patterns, particularly within the context of bullish wedges. A closer examination of these fractals provides valuable insights for potential trading strategies. 📉 Technical Analysis: 🔄 Understanding Fractals: Fractals, repeating geometric patterns, manifest in financial markets, signaling a...

AlexWhale

TIA has made a dynamic entry into the cryptocurrency market, showcasing an impressive and rapid upward trajectory. On the 4-hour timeframe, a distinct Accumulation and Manipulation Distribution (AMD) pattern, based on Wyckoff principles, has taken shape. This pattern is often indicative of strategic accumulation before a substantial price surge. 📉 Technical...

AlexWhale

Bitcoin (BTC) is currently charting a distinctive path within a substantial ascending channel on the 4-hour timeframe. The market has recently witnessed its third notable reaction near the upper boundary of this channel. Amidst this, a symmetrical triangle pattern is emerging, setting the stage for a potential breakout. The significance of this pattern intensifies...

AlexWhale

Chainlink (LINK) has been navigating a consolidation phase within a well-defined range since November 11. This prolonged period of price equilibrium suggests a process of accumulation and distribution. Notably, the market exhibited intriguing behavior during this time, executing two distinct liquidity sweeps above the upper boundary of the range. 📊 Range-Bound...

AlexWhale

DYDX is currently navigating a substantial ascending wedge pattern, having recently experienced a swift breach of the upper boundary that prompted a notable short-term reaction. The current phase involves a retest of the previously contested resistance, which has now transformed into a support zone. A potential shakeout beneath the lower wedge boundary is...

AlexWhale

ETH exhibits a penchant for adhering to straightforward patterns and repeating its fractals, providing traders with clear guidelines. The current trajectory aligns with a steep ascending trendline, marked by a decisive breakout from an ascending triangle and subsequent retest of the upper boundary. Presently, the expectation is for a replication of the established...

AlexWhale

WOO finds itself within the expansive confines of a megaphone pattern, a distinctive structure that carries implications for future price movements. Recent market developments include a notable sweep in the supply zone, indicating robust selling pressure and triggering a pronounced short-term reaction. The unfolding scenario presents two plausible scenarios – a...

AlexWhale

NEO, in a pivotal moment, grapples with a substantial weekly imbalance, acting as a steadfast barrier to further upward movement. Traders are eagerly eyeing the potential for a breakout, especially after three resilient tests of this crucial level, suggesting the emergence of a genuine upward surge. 📈 Key Observations: 💡 Formidable Weekly Imbalance: NEO contends...