WhooperSwan

WhooperSwan

Just about one year ago BNB was in a similar situation as today. Take a look at the chart: - after a strong correction there has been in both cases a slow but steady rise in price - interestingly, the higher lows’ trendlines (red dashed lines) have in both cases precisely the same slopes - prices are in both cases some 30-35% below the previous ATH - for the...

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In the cover figure the price action of the overall bull run since the Covid lows is displayed on 3d TF using the original Andrew’s pitchfork. Since late June BTC has traded upwards within the lowest quartile of the pitchfork. To have a clearer view on this recent price action we should zoom in to the daily TF: The dashed line depicted on the chart is a sort...

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Fantom is truly my favorite coin with 1600x run from the 2020 Covid lows. In March 2020 the Market Cap was some 4.7m (#380), now some 7.2b (#32). That is absolutely amazing. But how much upside potential is there left? Honestly, I do not know. In this case, it is wise to be aware of the chart signals and be reactive for whatever price action. First of all,...

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Poloniex has the longest price history in TV for Dogelon showing a perfect cup formation since May. A week ago the top was reached and the formation of the handle started. The retracement so far has respected the upper trendline down depicted in the chart. There has been quite some volatility, even a 85% pullback up to the trendline. Do not get fooled, as long as...

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Here we have XRP on 2W timeframe with three pitchforks depicted on the historical price action. The glorious weeks and months were in 2017 when the first broad pitchfork pointing upwards was formed. The price action has still been keeping above the low boundary of that global XRP pitchfork. From the peak of of the previous cycle the downward price action has...

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The weekly price action of the LTCUSD pair is clearly on the rise above the low boundary (blue) of the pitchfork. There is plenty of upside potential, all the way to the all time dynamic resistance ceiling formed by the higher highs trendline. But that is only potential. Let us see how LTC is doing against BTC. The weekly LTCBTC pair on the same time horizon...

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Lately Cardano has been consolidating after a great run up. Cardano does not correct much pricewise, it rather corrects timewise. This is now third consolidation period after the steeper bull run started in November. During the two previous consolidation there seems to be a trendline formed that has lead the price through the resistance zone above. Now the price...

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In ICON’s weekly price action the downward pattern from Jan 2018 to Jan 2020 is repeated as a mirror image when climbing back up. If that pattern still continues to play out next would be a fairly swift increase to around 4.5. It will be interesting to watch how things unfold. ICON is showing clear bullish signs, so let’s see. Trade safe and take care Cheers Whoop

WhooperSwan

Some coins have distinct price behavior. The bullish action of Stellar Lumen (XLM) has so far followed a clear stepwise pattern. First there has been a strong impulse to a new higher high followed by a closing of the 3d-candle lower. That closing has formed a new resistance. Then there has been a gradual retracement to a new support that is formed at the peak of...

WhooperSwan Updated 

Nice breakout and retest. I sure hope the trend continues. This could be big.

WhooperSwan

KAVA has moved fairly modestly until today. Now the attitude may be changing. If this remains as the daily candle this is the strongest green candle since ... well, a long time. The best place for entry may be after the resistance has been successfully taken over and retested. Now the Cup is full and the Handle is solid. Volume is high, KAVA is ready. DYOR,...

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This idea was originally published on New Year’s Day (linked below), and it played out almost perfectly. The bullish divergence was followed by a push of DXY to the upside, although slightly lower than depicted. BTC started a retracement as anticipated, although later and from a higher level that I could have imagined. This only proves my limited understanding of...

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What seemed to be some slow growth with those loops up and down turns out be an admireable 3x upswing for LRC in one month. If the same pattern is repeated once more a great place to enter is at 0.7. Expected target with that pattern would be at 1 dollar. Remember, these patterns might subject to change without notice :) Trade safe and take care Cheers, Whoop

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Did you know that AAVE got its name from Finnish language, aave = ghost. That is exactly how AAVE behaves, unnaturally. Nevertheless, trading AAVE is easy: buy anytime and sell as soon as the 1D MA10 (in the chart the red stepwise line) bends down. As you can see from the level of 80 to the present level of 520 MA10 has been a perfect straight line. No time to...

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Everybody would like that know that. Although VIX is in principle a forward looking index it is a poor predictor. VIX volatility has in fact been shown to be highly correlated with backwards looking volatility, not future volatility. So let us take a look at the past then, a full 13 years full of different kinds of crises and crashes. As can be seen from the...

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It is interesting to note how different various coins are in their price patterns. Likewise, it is interesting to note how similarly one coin can behave. I noticed Fetch.AI is repeating the bullish price action from July-August last year. Is it really repeating the price action all the way to the parabolic rise and blow-off top? If so, one should be prepared for a...

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At first glance the recent price action of BTC downwards seems fairly random, but after a closer look there seems to be a repeated pattern: after touching the LH trendline there is a rapid decline in price followed by a modest pullback up, sideways movement for some days and finally a reachout towards testing the trendline again. Presently we could in the process...

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Looking at the longer term development helps to put the recent price action into perspective. XLMBTC has actually moved back and forth across the old downward sloping trendline that originates from June 2019. That trendline now coincides with a strong support/resistance against which XLM is presently forming an ascending triangle. That can be seen better from the...