Hello everyone, One thing I wanted to point out is a scenario which noone would expect. The only reason I point this out is almost everyone expects BTC to reach the 0.618 around $48-49k once the ETF is approved before the big rejection. Their theory is solid since from the SWB:69K top to the $15k bottom would put that golden ratio (0.618) around $48.5k. This...
Here is a trendline extension of my previous BTC chart updated over a month ago. This recently crash has maintained our structure (trendlines) that started to be established over 2 months ago. Our wick low went to our dotted green trendline (marking most lows). The candle bodies on 15 min timeframe held support on the (solid green trendline) which has been...
Right now it looks as if BTC is forming a Bull flag (yellow) or ascending triangle (blue) pattern. Both of which are bullish. What is interesting is this pattern is forming just about a week before a potential ETF decision. Focusing on the yellow bull flag pattern. If we see price hold here and bounce tomorrow it could confirm this pattern. If we take the...
Above is my last post on CRV. Recently we saw price fall to our trendline to test it as new support. It held perfectly and has been rapidly increasing in price. We could still see a big move ahead for CRV.
Here we see Matic trying to break out of its bullflag (green lines). A daily candle close above the resistance line would cause a breakout to $0.98 once the 0.786 is closed above. Then our target would be $1.14 (1.618) and a potential bullflag target of around $1.50 if the flagpole extrapolation is reached.
We have seen a falling wedge pattern form for KNC (green lines). Yesterday we closed a daily candle above confirming the breakout. It is possible we see a retest of the green trendline as new support, but our measured move price target is around $0.90. This in confluence with KNC holding the 21 & 50 MA as support on the weekly timeframe.
Here is an update to my last TIA post. On the 4H we are very close to breaking out of our symmetrical triangle. If we print a daily doji around $12.40 that could give us the signal that TIA is about to have a breakout higher instead of a breakdown.
Eth has currently broken out of its bullflag/falling wedge pattern on the 4H. This should give us an initial target of the mouth of the wedge ($2,400) followed b y the flagpole extension around ($2,700).
GFI - Left Chart Looks to be breaking out of a bull pennant. Using predictive Fibonacci and a measured move this could put GFI around $2.80. Entry was around $1.28. Weekly RSI trying to bounce off 70. MPL - Right Chart Holding 0.618. Using predictive fibs should put this a little over $30. Entry was $14.68.
Right now TIA is still holding support of our triangle pattern. If we are able to breakout of the pattern and continue price discovery I think TIA could reach around $16.50 based on predictive Fibonacci.
Rune is trying to bounce off our purple macro trendline that we outlined in the post above. If we are able to break our white trendline of resistance we could see a move all the way to the 0.382 of our macro trend/ 1.618 of our micro trend. This means we could see our next level of resistance around $8.60-$9 if we are able to hold support around this $5 level....
Given BTC and Eth do not continue to crash, could SHIB be ready for an 80%+ move? After recently breaking out of a downtrend established back in August of 2022, this drop could lead to something special. Price could be retesting this downtrend as new support before making a move into our target zone. Of course Shib's price is correlated to BTC and Eth, but I...
If you want this uptrend to continue ETH needs to hold this level as new support. the $2,150 level is extremely important as it was our old resistance and right now is trying to be tested as new support. Currently we have a double bottom around the $2,150 level and 4h oversold conditions. As long as we can continue to close candle bodies above this level alts can...
We see the weekly candle for BTC Dominance is showing weakness. We are about to print a gravestone doji which could send BTC's dominance down anywhere between 3-10%. If this occurs with these stipulations we should see some major alt rallies. 1. BTC's must remain relatively steady. 2. BTC cannot have a large move to the downside. 3. ETH needs to begin to rally 4....
Curve recently has closed above (and is about to close a weekly candle) above our resistance level. The measured move would lead us to the highest point of the wedge around $1.20ish. The first major level of resistance of the entire move from bull market top to bear market low would be around $1.95 (0.236 fib).
Ordinals has already seen a major uptick in price, but currently we are forming a doji after 2 red days. This means the price could experience another run to the upside. On top of that, the RSI is right at the 70 level which if it can stay above it would be a perfect setup for a bounce.
Binance recently listed Blur sending it from $0.40 to $0.80. Now we have seen a pullback to the psychological $0.50 level and we see something interesting forming. The chart on the left shows us the Blur chart with more price action history. On our 4H RSI we see we did create a double bottom. On top of that we are started to form a W pattern. If price is able to...
Lots of bullish narratives for DOGE in DEC/JAN. We assume Elon will light this fire as well. Technical Analysis is also lining up for a good pump on DOGE. When we form these long term trendlines of resistance it usually leads to a nice breakout. Once we broke our first resistance trendline we had a 170% pump. Currently, we have had a breakout above our second...