The market structure of #GRT is eerily similar to #DOT. I always thought this one would moon, but now I am convinced.
Possibility of a sustained altcoin rally until mid March while DXY consolidates before a bounce upward with bullish divergence? This fractal shows a similar scenario playing out which would see DXY consolidate on top of support before a bounce upwards. Note a similar bullish divergence playing out which could mean crypto maintains strong upwards momentum while DXY...
The weekly RSI is at a level which has historically been a resistance zone. Price typically corrects after the RSI reaches this level by about ~30%. This is significant because of the number of times we see a price correction when the weekly RSI is in the red highlighted zone. A correction here would be healthy with a pullback to 12.5-14k a real possibility....
3D RSI trend and price. RSI bounce off the trendline, look at reaction in price. Right now XRP is in the midst of consolidation before the next move up and when it does I think we'll fly. Be ready :D
Based on an analysis on the monthly candles for Bitcoin, we are 6 days away from closing the highest monthly candle since the high of the previous monthly candle of 2017. In the previous cycle, this same monthly close above the high of the 2013 bull run initiated the beginning of the next cycle. If we can maintain this strength and close the current monthly candle...
We've broken out of the downtrend and are now using it as support. When these markets move again XRP will shine in my opinion. I expect to see some resistance near the .30 level and then a move upwards of .40-.50 thereafter.
This is what I see as a possible next more for BTC and the altcoin market cap. BTC (left) can move toward the next daily resistance level, which is confluent with the top of the ascending channel. Here it will likely see a rejection to the bottom of the ascending channel, which is confluent with horizontal support. The altcoin market (right) will move up with BTC...
This is a bearish close on the weekly candle for BTC. We have not managed to close at or above the previous highs. A retest of the lower levels in the range is likely.
The 55 Day EMA has been a crucial indicator in forecasting large drops in the price of #BTC. Every time Bitcoin has dropped below the daily 55 EMA we have seen a large dump in price. For many reasons I think we have yet to make another higher low in price, and the 55 EMA highlights the crucial point we are at. If we loose this level I think it's safe to say we...
This is what I'm looking for in the near to mid future for the alt market cap. IMO BTC will get rejected at 11k levels and see further downside between 8-9k. This will cause a sell off and a final higher low in both BTC and alts before we head into major bull territory. Notice the giant double bottom, and the support area which lines up nicely with the double...
Weekly crypto mcap excluding BTC. Needs to cool off a bit, wouldn't be surprised for a retest of this level before continuation
Chainlink fractal looking very similar to the trend of Tezos. Could we be about to see a large price surge for XTZ?
these charts are nearly identical when you zoom out on the 1D timeframe. CELR has been lagging behind ZIL but recently it's started moving in the parabolic direction. I expect a retrace to the boxed area before it moves up in the next impulse and then it will most likely be in a strong uptrend similar to that of ZIL. Pull up your chart and compare them you'll see...
XRP making moves. Breakout of the descending channel and now it's up against a very long descending line of resistance. If it breaks this could be big for XRP
The bars pattern represents the trend of ONE taken from the highlighted region and constrained to fit the trend of ERD. Given this, ONE looks to be close to takeoff. I'd say within a week at most. Keep your eye out for this.
Zil looks to be completing the retracement of a wxyxz pattern. I believe will will retrace to about .0162 level, a support line that has held for zil in the past. This is also the .5 fib retracement level, giving further confluence. After this it looks like the 5th elliot wave impulse will take Zil to about .04.
The last times price took out the 55 EMA to the downside BTC saw huge corrections (12 hour chart). Will we shake this one off or is this the beginning of a fall? Add your thoughts. Just technicals, this does not mean BTC will fall.
If zil breaks through this 12 hour ichimoku cloud I'm expecting a decent retracement to about .013-.014 area. This matches up with the golden pocket zone. Keep an eye on its next moves for confirmation. Feel free to comment your own analysis and thoughts.