The way I see it, the near sideways/dead stop movement of price action indicates heavy buying and selling on a Micro level. It's a type of tactic that both lowers/raises the RSI to oversold/overbought levels in time for certain timeframes to begin looking healthier/unhealthy on an indicator point of view. Of course that is just my reasoning and how I assess any...
There it is. That's exactly what it looks like. All laid out like... a pattern on a chart. All that Orderly chaos, which people mistake for Volatility. The rise and fall, happening every second without a pause. Take note of the confidence and determination within the moves upward when there is so much uplifting support. As well as the heart-bleeding fall...
What other path is there besides the one laid out as stepping stones given to us by our parents. We don't always have to mirror every detail, we all don't always succeed in the end, and we all can't be as large in scale in comparison. This is something you need to keep in mind. How can we learn if we don't at least try and look at things from another perspective.
To me at least, this is the Basic outline I look for in any bullish move forward. Apart from a typical pattern breakout, Ethereum in particular is only just retesting its 3 year long Cup and Handle Pattern Consolidation zone. This is nothing new. The only difference from a Macro point of view, is that the Micro patterns that we all are familiar with, recognize,...
Disclaimer: Drawing may more than likely be an over exaggeration of the size of the moves. On the other hand, it's always better to be as pessimistic as possible. That way at the very least you'll be pleasantly surprised. Just like the Micro reversal move I posted previously, clearly more visible on the 1min, the larger scale reversal should happen after the...
Don't dismiss Micro patterns straight away. It can give you an indication of what macro patterns to look out for. Can be applied to all time frames.
This is what you need to be looking forward too at the bottom. Let's face facts. CryptoCulture is here and staying. "Bear Markets" are just a term given to certain phases of price action, in reality its a Profit Taking/Portfolio Rebalancing/Sack stacking period of the market. Dips to anyone new, can be intense and terrifying. That's because they bought AFTER...
Just because we're going to the moon, that doesn't mean we don't need to pick up momentum. I'm cautiously keeping this pattern in mind. Trade smart, Hodl strong. A shake out is called a shake out for a reason. There will be a lot of Break-out Fake-outs, in this Shake-out
I'm not going to lie, and I'm not going to give anyone false hopium. I'm no bear, and I believe we are still in a Bull Market. Realistically, this is a pattern I also see playing out if the sellers continue to control the market. Not just shibu, but all of the crypto market. I'm not selling in panic, I'm not excessively going long or even shorting the market. I...
No matter how long it takes, no matter how its too high now to retest. There will always be a retest. You don't have to wait around for it. But just always keep it in mind. During parabolic sprints. Its easy to forget about them until there is a flash crash to the retest zone. Don't get wrecked, but also don't miss out on the market just waiting for it.
This move is a very large attempt to force all the longs/shorts to be liquidated. Moving past key resistances. Faking the reversal signal, and pushing further down to punish those who are impatient. Seeing how the waves down are becoming less severe, shows strong buyers stepping in and sellers tiring out. I will not be surprised for another push attempt down in...
There will always be heavy selling pressure going past any and all obvious support areas. It's a very common move just before a swing to the opposite direction. Always be sure to separate your orders either above and/or below your expected areas. Better to have some orders filled, then none. Even worse, placing an all-in order too high, being unable to buy the...
Referring to me original chart prediction, my mistake was looking at the pattern on too small of a time frame. No previous patterns are invalid, until key resistances are broken. Patience may seem difficult in a fast pace market like crypto. Don't chase pumps, and always buy when the price looks like its rock bottom. Why would you buy high and sell at a loss....
On the Hourly, waiting for the daily. Ada be like >Soon... Its always eerily slow when the critically important candles are about to close.
After holding strong during the Blood rain parade, ADA once again breaks out of its 3 month long boring zone. If the support holds, the Inverse Head and Shoulder pattern clearly visible, I expect price to make its way to $2.80-$3.00. But I don't see it stopping there. My 3 year long cup and handle pattern I've been following with Cardano tells me that $7.50 Per...
A very drastic and clear retest of its previous 2019 All Time High. This has a lot of room to run. 3 Months in the red, I always feel the most bullish when a coin has been out of the spotlight for too long. Glad I've been accumulating. I hope you all have been too.
Best possible short term projection. We quickly move up the shape of the Cup (Do not FOMO in while its already moving upwards quickly, I marked best possible retest/entry areas) We will retest the previous High and if we break past, using the depth of the bowl, around the top line is where I expect the break out to reach(Eventually) Although this is only short...
So far my buy zone has been holding ever since I watched the break out from its lower channel a couple days ago. A few possible outcomes after the daily close. 1. Double bottom scenario, revisits the lowest bottom of its bounce, using the middle point as its rounding bottom formation. 2. Lower high, yet Higher low. Making a reversal to the upside. 3. Dead cat...